Novamedia is the owner, creator and investor in lottery formats. It has set up several succesful charity lotteries in different European countries thereby raising funds for charitities worldwide. The costs of setting up the existing lotteries was borne completely by Novamedia. All Postcode Loteries are operated by Novamedia and are granted a license from Novamedia to use Novamedia’s IP rights and trade secrets. In order to recoup Novamedia’s investment and to enable Novamedia to set up new charity lotteries, Novamedia charges a royalty fee for the licence and a fee to cover the actual costs made for management of the lottery.