This company provides a platform to monitor and identify every use of intellectual property across various online platforms. It enables rights holders to enforce usage, convert unauthorized advertisements into scalable income, and accelerate social media sync licensing deal flow. The service offers actionable data to unlock licensing revenue and streamline IP management for music industry stakeholders.
Funding
Funding not disclosed
Founders
Product
Problem
Creators and rights holders often lack visibility into the unauthorized commercial use of their intellectual property (IP) in advertisements, leading to significant unrecovered licensing revenue. The manual process of identifying and pursuing these infringements across various platforms is resource-intensive and inefficient.
Solution
Third Chair provides an AI-powered platform designed to identify and monetize the unlicensed use of intellectual property in advertising. The system automatically scans digital content to detect instances where IP is utilized commercially without proper licensing agreements. It then prioritizes these opportunities based on their revenue potential, allowing rights holders to focus on the most impactful cases. The platform facilitates automated outreach for payment collection, streamlining the negotiation and settlement process to ensure creators are compensated for their work.
Target Audience
The primary target audience includes music publishers, record labels, independent artists, and other IP holders who need to monitor and monetize the commercial use of their creative assets in advertising.
Features
- AI-driven content monitoring to detect IP usage in advertisements across digital platforms.
- Proprietary algorithms for prioritizing infringement opportunities based on estimated revenue potential.
- Automated outreach and communication tools for initiating licensing negotiations and payment collection.
- Case study data demonstrating significant revenue recovery for music publishers and independent creators.
- Scalable infrastructure to manage a high volume of identified infringements.
- Options for both self-service software and managed revenue recovery solutions.