Exactuals acquires Backlash Solutions

By Emmanuel Legrand

Royalty payments and metadata specialist Exactuals has acquired Backlash Solutions, a New York- based digital music company managing data and generating royalty statements for labels, distributors, and publishers. Backlash Solutions President & CEO Joe DeCanio and his team will join Exactuals, establishing a new office in New York City alongside Exactuals' existing hubs in Los Angeles and Nashville. 

City National Bank-owned Exactuals said its NYC office will "introduce and oversee a cloud-based system that will provide clients with a new option for calculating royalties and generating statements." It will also streamline the process for submitting royalty payment data from any royalty system into Exactuals' PaymentHub, which handles complex payments such as residuals, royalties, marketplaces, and more. 

Integrated end-to-end solution

Together with AI-powered matching data system RAI, these products will provide an integrated end-to-end solution, from data to calculations to payments said Mike Hurst, Co-Founder and CEO of Exactuals. Hurst commented: “With our powerful payment solutions and their deep understanding of royalty calculation technology, we can create a product that addresses every single need a record label, music publisher, or other company could have regarding payments.”

“I’ve always been impressed by Exactuals’ technical solutions for royalty payments and music metadata, so I jumped at the opportunity to bring my team’s strengths together with theirs to create a game changing solution for the music industry,” said DeCanio. “Now, music companies can go to one place to handle their royalty calculations, payments, and much more. The result is that everyone will be paid quicker and more transparently.”