March 9, 2021 (Los Angeles, CA) – Exactuals, the leading provider of innovative solutions for complex payments, royalties, and metadata in the entertainment industry, has teamed with MetaComet Systems, the most trusted name in royalty management companies, to expand its operations into the book publishing industry, providing book publishers with powerful solutions that quickly and easily handle all aspects of the royalty pipeline, from calculations to payments.
Royalty solutions from MetaComet Systems, an established leader in royalty calculations for the book publishing industry with over 120 clients, will now work in tandem with Exactuals’ flagship product, PaymentHub, which manages many forms of complex payments such as residuals, royalties, and marketplaces. Already widely used in the film/TV and music industries, PaymentHub will now allow book publishers to automate royalty payments with security, accuracy, transparency, and speed, all based on statements automatically generated by MetaComet Systems. Together, these solutions will enable large and small publishers alike to grow their businesses while operating their royalty departments at scale.
“MetaComet Systems has been doing a fantastic job calculating royalties in the book publishing space, and Exactuals is happy to join them to add direct payment capabilities with PaymentHub,” said Mike Hurst, CEO of Exactuals. “By pooling our resources, we are making it easier for book publishers to explore new opportunities created by the surge in digital entertainment. The result is increased business across the board, and fast and accurate payments for authors and other rights-holders.”
“Many book publishers are in growth mode right now, with the pandemic driving a resurgence in reading. As these companies position themselves for a post-COVID world where they are expected to do more with fewer resources, it will be important for them to automate their royalty processes to manage the volume,” said David Marlin, President, MetaComet Systems. “Exactuals brings a trusted payment platform to the book publishing industry that easily works with and complements our solutions, providing a complete set of royalty tools that benefits all book publishers.”
Exactuals, founded in 2011, is a Software as a Service (SaaS) company modernizing the way the entertainment industry makes payments, including residuals, royalties, marketplace payments and similarly complex transactions. Recognizing clear rights ownership information is a central issue for accurate licensing and ultimately payment, the company recently introduced RAI, a software development kit and open API, which programmatically improves IP metadata. In January 2020, Exactuals acquired royalty calculation and statement generation service SR1, completing the company’s integrated end-to-end solution for everything from data to calculations to payments. Exactuals is headquartered in Los Angeles with offices in Nashville and New York. Exactuals is an RBC company and a wholly owned subsidiary of City National Bank Member FDIC. For more information, please visit exactuals.com.
Exactuals Press Contacts
Laurie Jakobsen, Jaybird Communications – [email protected], 917.697.2274
Bill Greenwood, Jaybird Communications – [email protected], 609.221.2374
About City National
With $75.8 billion in assets, City National Bank provides banking, investment and trust services through locations in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis, Washington, D.C. and Miami*. In addition, the company and its investment affiliates manage or administer $86.3 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 17 million personal, business, public sector and institutional clients through offices in Canada, the United States and 34 other countries.
For more information about City National, visit the company’s website at cnb.com.
*City National Bank does business in Miami and the state of Florida as CN Bank.
City National Press Contact
Debora Vrana, City National Bank – [email protected], 213.673.7631
About MetaComet Systems
MetaComet Systems is a leading provider of royalty management solutions to the publishing industry. Its pioneering technologies reduce royalty workload by up to 90%, eliminate error, deepen insights, increase rights income, and improve author relations. Dedicated to the publishing industry since 1999, MetaComet is now trusted by more than 120 publishers around the world. To discover more, visit www.metacomet.com.
MetaComet Systems Press Contact
Suzanne Albert, MetaComet Systems – [email protected]