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 licensing deals, covering all stages from content discovery and screening to accessing availability data, price negotiation, and contract finalization. TRX aggregates a vast library of titles from over 60 distributors, including prominent names like All3Media International, Discovery Communications, and Sky Vision, making these accessible through its enterprise solutions. Founded in 2015 by TV industry veterans David and Matthew Frank, who previously led RDF Media and held CEO positions at Zodiak Media and Zodiak Rights, TRX leverages their extensive experience to enhance efficiency and transparency in the media licensing sector.
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 Group Limited is a leading British media and telecommunications conglomerate, operating across Europe. As a subsidiary of Comcast Corporation, Sky offers a wide range of services, including direct-broadcast satellite television, streaming services, broadband, and telephony. The company is renowned for its original content, sports broadcasting, and innovative technology solutions, connecting millions of customers to diverse entertainment experiences.
What's next for Trx?
The substantial enterprise-level funding and recent strategic investment signal TRX's readiness to scale its operations and further develop its innovative online deal-making platform. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its distributor network, and potentially broadening its market reach within the global television rights industry. The company's strategic positioning, backed by experienced founders and significant financial backing, suggests a focus on solidifying its role as a key facilitator of digital transactions in the media landscape.
See full Trx company page
