San Diego - RoyaltyShare, a Web-based provider of digital royalty collection and payment services for record labels and others in the industry, announced on Tuesday that it has received an investment from the William Morris Agency as an extension to its second round of financing.

The amount of the investment was not disclosed.

The San Diego-based company's $9 million second round was led by Trident Capital and Bertelsmann Digital Media Investments.

RoyaltyShare processes digital royalties on behalf of over 200 record labels, managing content sold through digital, physical, subscription, mobile and other channels.

"We recognize the importance of supporting innovative companies such as RoyaltyShare as they deliver solutions that address the complex data processing and management challenges brought on by this new era," said Jim Wiatt, chairman and CEO of the William Morris Agency.

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