We use digital solutions to make sense of the vast amount of data music rights holders and their partners are faced with these days.
Over the past decade, the music industry has seen an economic revival, most notably through the rise of digital streaming services, which now make up most of the music consumption worldwide.
Global recorded music revenue
Paid subscription accounts
Of revenue comes from streaming
The steady growth and digitalisation of the music business as a whole has produced an overwhelming and heterogeneous amount of data, which makes it increasingly difficult for artists to understand how their music is being used. Yet, it offers great chances.
We shed light on the matter with Data Science by aggregating, standardising and analysing data from different sources to provide meaningful insights - whether this relates to royalty statements, actual stream counts or auditing procedures.
Data should be accessible and readable for better informed decisions.
The utilisation of rights should largely be determined by their owners.
Music is a valuable asset everyone along the value chain should participate in.
With more than one trillion streams in 2019 in the US alone, music consumption has reached new heights. We want to provide an insight view into the actual music consumption in the digital domain.
Automated collection of actual play counts from leading DSPs including YouTube, Spotify, Apple Music and Amazon Music
High-frequent data capturing for near real-time insights beyond time-delayed settlements and long-term analysis
Visualisation of the dataset in a central Data Hub for competitive analysis and individual benchmarking against royalty statements
Royalty statements are confusing and hard to read. We use technology to make them understandable and reviewable, contributing to more transparency overall.
Technology-supported evidence management for continuous settlement reviews and dedicated audits with legal validity
Development of individual controlling frameworks based on unique contractual terms
Comprehensive, machine-based analysis for greater insights and potentially larger deviations
The industry is undergoing radical change. We help drive the digital transformation with dedicated research, AI-based trend analysis and individual projects.
Profound analysis of individual questions based on deep industry knowledge and a well-founded data basis
Quantitative as well as qualitative market research with access to a test pool of 70k+ consumers and business leaders
Deep knowledge of the tech and music domain with a proven track record of successful business innovations
Takkt grew out of a technology firm specialised in high-tech innovation. Over the past 10 years, we have helped large corporates to embrace disruptive technologies and develop cutting-edge, digital products. Based on this activity, we have built up extensive know-how in the field of software development, machine learning and AI.
With longstanding relationships in the music business, we have observed the increasing power and powerlessness of a changing industry first-hand. It is for that reason we decided to take up the challenge and bring light into the darkness.
Our team is made up of Data Scientists, Developers, Designers, Music Experts — and each of us plays an instrument.
Tell us a bit more about yourself and the challenge you are facing and we will get back to you asap.