What is Trx?
TRX operates as a B2B online deal-making platform designed to streamline the process of buying and selling TV rights. The tool facilitates secure online transactions, from content discovery and availability checks to price negotiation and contract finalization. By aggregating titles from over 60 distributors, including major players like All3Media International and Discovery Communications, TRX offers a comprehensive suite of enterprise solutions for licensing deals. Founded in 2015 by TV entrepreneurs David Frank and Matthew Frank, who previously established RDF Media and led Zodiak Media and Zodiak Rights, TRX is positioned to revolutionize the media rights market.
How much funding has Trx raised?
Trx has raised a total of $10.6M across 3 funding rounds:
Unspecified
$2.6M
Unspecified
$6.7M
Private Equity
$1.3M
Unspecified (2015): $2.6M, investors not publicly disclosed
Unspecified (2016): $6.7M led by sky
Private Equity (2017): $1.3M supported by Sky
Key Investors in Trx
sky
Sky is a major media and telecommunications company known for its extensive content offerings and technological innovation, likely investing to enhance its access to and distribution of television rights.
Sky
Sky Group Limited, a subsidiary of Comcast Corporation, is a prominent European media conglomerate providing satellite television, streaming, broadband, and telephony services. Their investment in TRX indicates a strategic interest in streamlining content acquisition and licensing processes within the television industry.
What's next for Trx?
With a substantial enterprise-level funding context and a recent strategic investment, TRX is poised for significant expansion and enhancement of its B2B deal-making platform. The company's focus will likely be on broadening its distributor network, refining its enterprise tools for greater efficiency, and potentially exploring new markets or content verticals. This strategic capital infusion suggests a trajectory towards solidifying its market leadership and further innovating the online licensing of TV rights, aiming to become the definitive hub for global media rights transactions.
See full Trx company page
