TRX, an “online marketplace” portal for secondary TV and video rights, has hired former Zodiak Rights CFO Matt Honeybone as its CFO, and brought on Jennifer Buzzelli to head up its North American business.
Prior to Zodiak Rights, Honeybone spent seven years with PwC, and then moved to IMG Media, where he eventually became VP of finance and operations. In 2008, he moved to RDF Rights and RDF Kids as finance director, becoming CFO of Zodiak Rights following the merger of Zodiak and RDF in 2010.
Buzzelli, meanwhile, comes to the company from stints with Turner Broadcasting, first as vice president of international distribution and coproduction for truth, and then as a consultant for Turner’s EMEA region. She began her career with National Geographic Television in Washington DC and London, and later worked for Beyond International and Hallmark’s international networks.
The hires come as the latest business venture from former Zodiak Media Group execs David and Matthew Frank has shored up an additional US$2.6 million in investment from private individuals in the media and finance industries to bring total investment to date up to $4.5 million. Thus far, companies signing up for beta testing of the service ahead of its 2016 launch include Discovery Communications, Turner Broadcasting, Cineflix Rights, PBS and Sky Vision.
The company says the service will facilitate the entire transaction process, from viewing available rights to signing a licensing agreement, with reduced administration hurdles. It is not at present charging subscription fees for buyers or sellers.