In Canada, there are approx. 30,000 ACTRA UNION ACTORS, and 5X THAT AMOUNT which are NON-UNION ACTORS working in the film & television industry.
Registered SHAXON BG ACTORS who opt-in, and agree to pay our 9% processing fee, have the option to get paid at the end of each workday.
By doing so, they will enjoy a wide range of advantages. Firstly, this payment structure provides immediate financial gratification, allowing actors to access their earnings on a daily basis rather than waiting for a traditional pay cycle. This can be particularly beneficial for freelancers and gig workers who rely on a steady stream of income. Additionally, receiving payment daily can help actors better manage their finances, budget effectively, and address any unexpected expenses that may arise. Moreover, this arrangement fosters a sense of financial security and stability, as actors have a consistent flow of income coming in regularly. Overall, the option to pay 9% of their paycheque to receive daily payments offers convenience, flexibility, and peace of mind for BG ACTORS in the entertainment industry.
Shaxon fully understands the frustration of not knowing when your pay is going to arrive. Some productions pay in 10 days… some in 2 months.
Don’t worry, we’ll take care of you. At the end of each work day, shaxon .ca will send you your pay!
COMING TO SHAXON.CA, JUNE 2024
Shaxon is set to introduce Same Day Actor Pay. a pioneering payday solution specifically catered to the needs of actors in Canada. This service aims to provide financial advances on actors' paychecks, thereby addressing the common challenge of delayed payments within the industry. Our service will ensure actors receive their earnings immediately after their workday, enhancing their financial stability and allowing them to focus on their craft.
Actors will be charged a 9% fee on their daily wages for the use of our payday advance service. To facilitate reimbursement from production companies, actors are required to list our address on their daily work vouchers. Prior to their workday, actors must register their job details on our website, including the show they are booked for and the agency that booked them. At the end of their workday, they must email a photo of their signed voucher featuring our address. Upon verification, we will promptly e-transfer the funds to the actor.
With over 30,000 union actors and 5x that which are non union in Canada facing unpredictable payment schedules, Same Day Actor Pay addresses a critical need for timely wage access.
Assuming 5,000 actors sign up for our service in the first month of launching, working an average of 3 days a week at $150 per day and using our service 50% of the time, Same Day Actor Pay is projected to generate $5,265,000 in revenue in the first year.
With a conservative growth estimate of 10% in user base and a 5% annual increase in the average daily wage, our projected revenues are as follows:
- **Year 1:** $5,265,000, based on initial uptake and service usage rates.
- **Year 2:** With increased actor engagement and slight wage growth, projected revenue grows to approximately $6,041,750.
- **Year 3:** Continuing the trend with user and wage growth, revenue is expected to increase to around $6,947,912.5.
These projections are based on conservative growth estimates and the assumption of expanding our user base and adjusting to the average wage increase in the acting industry. They demonstrate the business's potential for steady growth and profitability over the first three years.
Same Day Actor Pay offers a unique and essential service to the Canadian acting community, addressing a gap in the market for immediate financial support. Our business model not only promises significant revenue generation but also provides a valuable service to actors, ensuring they are compensated for their work without unnecessary delays. We invite investors and stakeholders to join us in this venture, contributing to a more financially secure and thriving entertainment industry.