|
Written by Ron Rovtar, Managing Editor, the Stock Asylum
|
|
Thursday, 13 December 2007 |
 Four North American photographers' organizations have joined Stock Artists Alliance (SAA) in trying to pressure Photolibrary into answering concerns about $2.2 million in royalties that may be owed Index Stock contributors. Photolibrary, which acquired Index and its debt a year ago, has said it is working on the problem.
The photographers' organizations said they will file a complaint with the Picture Archive Council of America (PACA) "supporting the investigation already begun by PACA's Ethics and Grievance Committee."
According to a press release issued by SAA on this date, the trade groups want Photolibrary to provide accurate accountings of unpaid royalties, promptly pay the outstanding commissions and look into supposedly problematic accounting practices inherited with the Index acquisition.
Continue reading Closing Ranks . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
|
