Stock photo agency EyeEm has confirmed it isn't paying photographers due royalties and blames a new accounting procedures as well as 'global events.'
Talenthouse says thought the quieter summer months it had started the process of centralizing accounting and cash management systems, as well as restructuring newly merged finance teams.
“This is an arduous process and challenge, yet it will better facilitate timely payments to our global creatives,” it says. “Capital markets are also severely impacted by global events, further impacting operations here at Talenthouse. In the meantime, we are making manual payments to all our creatives with outstanding balances. With the burgeoning economic climate that is impacting people across the globe, we wholeheartedly recognize that creatives need to be paid in a timely manner.”speculated that the stock site is heading for closure, citing red flags.
“All contributors are complaining over at Microstockgroup Forum that it’s been almost two months and they haven’t received their payment or any news when they should expect to receive the monies,” Rotenberg writes. “In addition, related or not, I have spotted two images sold via EyeEm’s Partner Program with Getty that I have received no notification of sale which is also a red flag.”When it launched in 2011, only a year after Instagram, it was often talked of in the same breath, but the EyeEm founders studiously repeated that it was a place for for high-end content creators and photographers to sell their wares.
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