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.
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.”