The music recording industry has been experiencing an economic renaissance for years. New technologies, revenue models and exploitation formats have fundamentally changed value creation and thus billing structures. With thousands of settlement lines and several million data points, royalty statements today are practically unmanageable and almost impossible to control.
TAKKT is a software-supported process for the automated auditing of music royalties. It uses forensic algorithms to compare heterogeneous consumption, billing and contract data, making individual license shares transparent, identifying anomalies, and uncovering potential billing errors.
Expertise: Music royalty accounting, consumption analysis, contract data, forensic algorithms, automation software
Location: Munich
Contact in the Association: Susanne Flug
Homepage: https://www.takkt.io/
