How To Identify The Highest Paying Royalty Opportunities With TrqkIQ Placement Tracking
Data errors and unregistered rights are just some of the hangups keeping artists from focusing on the opportunities that pay the most. Fortunately, Trqk can help.
Most artists’ interest in their royalty reports begin and end with accuracy and totals. Analyzing column upon column of numbers is about as mundane as it gets, so it’s hard to blame anyone for double-checking the sum and moving on with their day. That’s just a fraction of royalty reports’ full potential, however. The information artists need to pursue more lucrative opportunities — or expand ones they already have — is often buried within complex PRO statements, so long as you know where to look.
We started Trqk to bring transparency and ease to the music creator economy. It’s our mission to empower artists to master their performance royalty data and leverage it to its ultimate benefit. Here’s how Trqk placement tracking does just that.
Say goodbye to the dirty work
Many musicians currently try to track their performance royalties using a spreadsheet. Some even still write everything down on paper. It’s a huge time sink, inaccurate, and prone to human error. Those who rely on PROs have to comb through hundreds of pages of statements if they want anything more than a surface understanding of what’s working for them. Trqk does the grunt work so you don’t have to. We review, check, and analyze your placements for you, presenting them in an uncluttered, easy-to-read format so that you can quickly understand which placements are paying your bills. Here’s just some of the information writers, libraries, and publishers can pull:
Royalties Per Payment: Drill down into your total payment to better understand your placement royalty sources
Top Production Companies: The production companies with the most placements in the past year
Top Writers: Publishers can quickly see which writers generate the highest earnings by category
Top Publishers: The publishers and sub-publishers with the highest earnings by category
We tell you what’s working best for you
Knowing the channels that bring in the most revenue lets you prioritize the opportunities that add the most to your bottom line. Trqk’s placement tracking reports surface publishers and libraries so you can see at a glance which organizations should have your full attention. Granular insight into your data also lets you improve your licensing deals by bringing strategic insights with you to the bargaining table. Knowing exactly how your music has been performing over time removes the guesswork from negotiations. With Trqk on your side, you’ll always know if you’re getting a good deal — or not.
Getting an accurate accounting of your monthly royalty payments is crucial, but why stop there when you can do so much more with your data? Trqk’s Music Royalty Intelligence provides the detailed analysis you need to make smart choices about what you do with your music. Trqk IQ supports statements from ASCAP, BMI, and SESAC, with more to come. Get in touch to see how Trqk can help you see the big picture of your performance royalties in a new and powerful way.