Former Zodiak Media bosses David Frank (pictured, left) and Matthew Frank (right) founded TRX in 2015 and currently serve as executive chairman and CEO, respectively.
TRX provides TV rights buyers and sellers globally with an online platform to connect and complete licensing deals, allowing distributors to reach buyers in new international markets, who are then able to access British, American and other TV rights that were difficult to obtain beforehand.
TRX currently boasts more than 1,000 buyers and over 110 worldwide distributors who have registered for the service since its launch in 2016, including BBC Worldwide, Lionsgate, Sky Vision, All3Media, Cineflix, Off the Fence, Red Arrow and Beta Films. The TRX service now hosts 70,000-plus hours of available content and is adding 10-12 new buyers every week.
The service has previously acquired more than US$15 million from investors including Sky Ventures, Channel 4 Growth Fund and Edge Investments.
The news was first broken by C21Media earlier today. Matthew Frank declined to comment further on behalf of the brothers when contacted by Realscreen.
More to come…