MEGA Introduces "Cash Out' System For Contributors

The Mega Agency, a provider of news, sports and entertainment content, has announced the launch of a revolutionary payment system that allows content providers to ‘cash-out’ on their media sales the moment content has been licensed to select customers.

The innovative functionality ensures that MEGA is able to pay royalties to its rapidly growing base of photographers and videographers faster than any other news and photo agency.

“The Mega Agency is determined to tear up tired, outdated systems within the content licensing industry,” said Kevin Smith, Mega’s President and founder.



“Mega’s cash-out system means contributors no longer have to wait until the end of the month before receiving a check in the mail or a wire transfer.

“Even the current, supposed, leaders in the industry have what we believe to be outdated ways of processing mass payments and sending old fashioned sales reports.



“With our highly scalable system, contributors can gain access to what we have coined the “Mega Bank” and dictate exactly how and when they wish to get paid.

“A photographer who has a piece of premium exclusive content can now submit it to Mega and get paid out for their work almost immediately.”

Mega has partnered with Los Angeles-based Exactuals, a provider of an innovative SaaS platform for complex payments, so photographers can access the cash-out functionality via a digital online sales dashboard.



Exactuals recently announced it has signed a long term contract with the entertainment industry’s largest union, SAG-AFRTA (Screen Actors Guild-American Federation of Television and Radio Artists), to offer residual payments to its 160,000 members.

The company was founded at Stanford Graduate School of Business in 2011 with the mission to modernize the entertainment payments space.

“Mega is setting the tone for the next 20 years in professional photography and Exactuals is thrilled to partner with its visionary leadership team,” said Exactuals CEO, Mike Hurst.

“We are consistently blown away by the company’s advancements in the space and Exactuals is honored to contribute to Mega’s mission to empower professional photographers on a global scale.”
Mega has experienced rapid growth since its official launch in November with hundreds of freelance photographers signed up and now using its industry-leading platform.

“Some photographers have had a rough deal in recent years,” added Tom Tramborg, Mega’s CEO.
“Mega strives to bring speed, transparency and technological innovation to our photographers and we are very pleased that the time has now come to share some our developments.

In a world where many photographers still receive their sales report in an envelope on a monthly basis, this is truly a quantum leap offering a speedy, flexible and transparent payment solution to photographers"