Qwire Revenue and Competitors

Music-for-picture (TV, film, trailers, advertising, videogames) is a $4B/year business with over 2,000,000 individual pieces of music licensed annually. Much of the industry is currently characterized by highly antiquated, grossly inefficient, and paper-intense methods of communication and collaboration, relying on spreadsheets, faxes, email attachments, voicemails, etc. This leads to pervasive and multiple lost revenue opportunities, significant wasted costs and time, and potential legal liabilities. Qwire's Los Angeles based team is disrupting this industry by creating collaborative, cloud-based software that addresses significant problems with music licensing and royalty payments for companies working with music-for-picture. Qwire's existing and target clients include some of the largest media companies in the world - film/TV studios, performance rights organizations, trailer houses, video game developers, advertising agencies, and sports networks — as well as rights holders (e.g. music labels and music publishers) and Performance Rights Organizations (e.g. ASCAP and BMI). There are currently no other companies focused on the entire music-for-picture process like Qwire. Our executives and senior management team have extensive experience building financial and media technology companies, as well as leading successful IPOs and exits. We know the industry inside out, and we have built close, collaborative relationships with key players in the industry, setting the stage for Qwire's products to become the industry standard. More information about Qwire is available at qwire.com.