Back
Marvel Entertainment Selects Fadel Partners to Implement a Rights and Royalties Management SolutionNew York, Nov. 21, 2005 /PRNewswire/- Fadel Partners, Inc., a Certified Partner in the Oracle PartnerNetwork, signed a services agreement with Marvel Entertainment, Inc., a prominent global entertainment and licensing company, to implement a rights and royalties management software solution (RRM) utilizing the Oracle E-Business Suite 11i. The RRM software will help Marvel improve revenue projection and cash management and increase financial return on intellectual property rights.In addition to implementing Oracle CRM Sales, Configurator, Contracts and Accounts Receivable, Fadel Partners will build royalty management software to help calculate and track earned royalties and overages. Fadel Partners designed this solution to meet the global licensing needs of publishing, media and entertainment companies and has licensed the right from Marvel to re-sell the RRM software to other prospects and clients. "Fadel Partners used a structured implementation methodology to help identify and document our business requirements," said Kenneth West, Executive Vice President and CFO at Marvel. "As a result, we chose Fadel Partners to implement an innovative rights and royalties management solution that will help us link and analyze our intellectual property rights information and more efficiently manage our royalty processing." By automating existing manual processes with the RRM software and the Oracle Applications, Marvel will have structured rights configurations and tracking, efficient royalty processing and an integrated contract management and financials solution. The implementation will provide Marvel with more precise tracking of licensee information and rights utilization, faster posting of incoming royalties and better business insight thru the use of business intelligence and reporting. "Fadel Partners' RRM software will help Marvel drive future revenue growth through exploiting its intellectual property rights and exploring new trends in the underlying business segments," said Tarek E. Fadel, Founder and CEO of Fadel Partners. "Our RRM software is the first rights and royalties management solution fully integrated with the Oracle platform, allowing Marvel to leverage the power of the Oracle Applications and streamline the creation, configuration and management of intellectual property rights." About Fadel PartnersFadel Partners, Inc. is a technology firm focused on implementing and supporting Oracle Applications and Oracle technologies and building custom software solutions for the Licensing, Media and Publishing industries. Fadel Partners combines the use of techno-functional resources for on-time and on-budget project delivery and for offering unique support services to its clients. Fadel Partners is headquartered in New York City . For more information, please visit www.fadelpartners.com About Marvel Entertainment, Inc.With a library of over 5,000 characters, Marvel Entertainment, Inc. - formerly known as Marvel Enterprises, Inc. - is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused on utilizing its character franchises in licensing, entertainment, publishing and toys. Areas of emphasis include feature films, DVD/home video, consumer products, video games, action figures and role-playing toys, television and promotions. Rooted in the creative success of over sixty years of comic book publishing, Marvel's strategy is to leverage its character franchises in a growing array of opportunities around the world. More information about Marvel can be found on the company's World Wide Web site, which is located at www.marvel.com. Oracle, JD Edwards, and PeopleSoft are registered trademarks of Oracle Corporation and/or its affiliates. Contact: Joe Fadous |
