Film & Television Industry

Trusted Advisor

How To Process Over $1BN In Payments: Interview with Mike Hurst, CEO, and Bryan Walley, COO & President

How To Process Over $1BN In Payments: Interview with Mike Hurst, CEO, and Bryan Walley, COO & President

Los Angeles-based financial software company Exactuals reports that its flagship product PaymentHub saw 250% year-over-year growth in the past 12 months.
Nacha

Direct Deposit Goes Hollywood, Working for Some of the Biggest Names in TV and Movies

Direct Deposit Goes Hollywood, Working for Some of the Biggest Names in TV and Movies

In May 2019, SAG-AFTRA launched its program to get members to sign up for Direct Deposit of residuals. In October 2020, the union announced it had made its one millionth payment by Direct Deposit, transferring a total of nearly $200 million.
SAG/AFTRA

SAG-AFTRA and Exactuals Direct Deposit Initiative Hits Major Milestone: 1 Million Payments

SAG-AFTRA and Exactuals Direct Deposit Initiative Hits Major Milestone: 1 Million Payments

SAG-AFTRA’s initiative with payment-processing company Exactuals to provide direct deposit of members’ residuals has been enormously successful, marking 1 million deposits. Under the system, nearly $200 million has been deposited directly into members’ bank accounts since it launched nationally on May 1, 2019.
Hollywood Reporter

FilmTrack Sold to City National Bank

FilmTrack Sold to City National Bank

City National Bank, long known for its ties to the entertainment industry, said Tuesday it has paid an undisclosed amount to acquire FilmTrack, a firm that helps companies determine whether they have the rights to sell or license movies and television shows.
MESA

Exactuals Celebrates SAG-AFTRA Success, Entertainment Partners Partnership

Exactuals Celebrates SAG-AFTRA Success, Entertainment Partners Partnership

Los Angeles-based industry payments specialist Exactuals is celebrating sign-ups for its direct deposit service by many of the 160,000-plus union members with SAG-AFTRA, the company announced, with the members using the service to receive residual payments regardless of a recent change of address or filming on location.
Variety

SAG-AFTRA Offers Residual Payments via Direct Deposit

SAG-AFTRA Offers Residual Payments via Direct Deposit

SAG-AFTRA is launching an automated residual payment process that will be available to its 160,000 members as of May 1, replacing paper residual checks. The union currently mails more than 10,000 paper checks a day.
Hollywood Reporter

City National Acquires Payments Firm Exactuals

City National Acquires Payments Firm Exactuals

Mike Hurst will remain CEO of Exactuals, and he and other top executives are being retained with multiyear contracts.