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March 17, 2021

Exactuals partners with MetaComet Systems to provide automated royalty payments to book publishing industry

Exactuals, a US-based solutions provider for complex payments, royalties, in the entertainment industry, has partnered with MetaComet Systems, a provider of royalty management solutions to publishing industry, to provide automated royalty payments and expand its operations into the book publishing industry.

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Through this partnership, Exactuals intends to provide book publishers with solutions that can help them quickly and easily handle all aspects of the royalty pipeline, right from calculations to payments.

MetaComet Systems provides royalty calculations for the book publishing industry and has more than 120 clients.

Its royalty solutions will now work along with PaymentHub, a flagship product of Exactuals that manages several kinds of complex payments such as residuals, royalties, and marketplaces and is claimed to be widely used in the film/TV and music industries.

With the help of PaymentHub, book publishers will now enable to automate royalty payments with security, accuracy, transparency, and speed, based on statements generated automatically by MetaComet Systems.

The two solutions will allow publishers, irrespective of their size, to expand their businesses while operating their royalty programmes at scale.

Exactuals CEO Mike Hurst said: “Metacomet provides an excellent service for calculating royalties in the book publishing space. Exactuals is thrilled to partner with this industry leader to add direct payment and online reporting capabilities to Metacomet’s existing solutions.

“By collaborating, we are empowering book publishers to explore new opportunities created by the surge in digital entertainment. The result is increased business across the board coupled with fast and accurate payments for authors and other rights-holders.”

MetaComet Systems president David Marlin said: “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.

“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.”

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 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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