TrqkIQ is a music royalty intelligence platform that utilizes automated tools and audio content recognition technology to visualize performance royalty data and track global placements for music publishers and creators. It addresses the challenge of identifying and recovering missing performance royalties by providing detailed gap analysis and strategic insights into royalty statements.
Funding
$1.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SLFounders
Product
Problem
Music publishers and creators face challenges in tracking and collecting performance royalties due to complex royalty statements and a lack of transparency in global music usage. Identifying discrepancies between actual performances and reported royalties is a manual, time-consuming process, leading to potential revenue loss.
Solution
TrqkIQ is a music royalty intelligence platform that automates the analysis of performance royalty data, enabling users to visualize trends and identify missing royalties. By employing audio content recognition (ACR) technology, the platform monitors music placements across various channels and territories, providing a comprehensive view of where and when music is being performed. TrqkIQ compares detected airplay with royalty statements, highlighting discrepancies and generating PRO-friendly inquiries to recover unclaimed earnings. The platform empowers music publishers, sync composers, and administrators to gain strategic insights, optimize royalty collection, and improve licensing deals.
Target Audience
TrqkIQ primarily targets production music publishers and libraries, sync composers, music admins, and business managers seeking to streamline royalty tracking and maximize revenue collection.
Features
- Automated analysis of ASCAP, BMI, and SESAC royalty statements
- Global on-air detection using audio content recognition (ACR) technology across 22 countries
- Detailed gap analysis comparing on-air performances with reported royalties
- Visualization of royalty data, providing a single view of performance trends
- Tools for creating curated bulk inquiries based on PRO payment rules
- Identification of missing registrations and incorrect cue sheets
- Support for various ACR export formats