September 25, 2022

EyeEm stops paying photographers, blames it on “global events” and “company restructuring”

Another factor for delays, according to EyeEm, are the international events that have, unquestionably, struck the image market hard. The Talenthouse claims that theyve started making manual payments to all professional photographers with impressive balances. “With the growing economic environment that is affecting individuals throughout the world, we totally identify that Creatives require to be paid in a prompt manner,” the declaration reads further.

EyeEm Stops Paying Photographers, Blames It On “global Events” And “company Restructuring”

” This is a tough process and difficulty, yet it will better assist in timely payments to our international Creatives. In harmonising localised nuances around sending out and getting cash, we have actually needed to execute KYC (Know Your Customer) treatments regularly throughout the group.”

EyeEm Stops Paying Photographers, Blames It On “global Events” And “company Restructuring”

” When we floated the service, one of the initiatives we launched was a custody account (referred to as a securing account, in monetary terms) for all Creative payments, enabling immediate access to funds made. Getting that in place is a complicated endeavour provided the diversity of regional regulative requirements we need to navigate. We will be raising capital specifically to fund Creative payments ahead of time for those who require immediate access to their hard-earned money.”

EyeEm Stops Paying Photographers, Blames It On “global Events” And “company Restructuring”

” Over the last couple of months we have navigated noting business on the SIX Swiss Exchange and obtained several companies into the group,” the declaration reads. “Throughout the quieter summertime we began the procedure of centralising our accounting and cash management systems and reorganizing our newly combined financing groups.”

EyeEm Stops Paying Photographers, Blames It On “global Events” And “company Restructuring”

Photo Archive News reached out to EyeEm to attempt and discover out what is going on. They got a response from the stock sites new owner Talenthouse AG, validating that there have actually been hold-ups in payments to some of the creatives.

EyeEm Stops Paying Photographers, Blames It On “global Events” And “company Restructuring”

If you offer your images through EyeEm, you may be experiencing the problem none of us likes to deal with: youre not being paid. According to a recent report, EyeEm has actually stopped paying royalties to the photographers who have been selling their images through this stock website.

EyeEm Stops Paying Photographers, Blames It On “global Events” And “company Restructuring”

Can it be over for EyeEm?

A serious concern that develops from the current payment problem is that EyeEm might be on the brink of closing. Photojournalist and stock professional photographer Alexandre Rotenberg points out some warnings in his post about the present state of events at EyeEm. They include past due payments, naturally. But theres likewise stopping working to report sales and the reality that EyeEm was bought by Talenthouse AG who is supposedly also having monetary issues.

Truthfully, I had no concept that EyeEm has been having a difficult time. I closed my account ages back, after that Samsung scandal that brought me my 15 minutes of internet fame. I wasnt too active on the website and didnt make any sales. And even when I did, they led to my picture being used for incorrect advertising. If youre still on EyeEm, let me understand– have you experienced payment delays?

[by means of PetaPixel]

If you sell your photos through EyeEm, you might be experiencing the problem none of us likes to deal with: youre not being paid. According to a recent report, EyeEm has actually stopped paying royalties to the photographers who have been selling their pictures through this stock website. Image Archive News reached out to EyeEm to attempt and find out what is going on. Another reason for delays, according to EyeEm, are the international events that have, undoubtedly, struck the image market hard. A major issue that emerges from the current payment problem is that EyeEm could be on the verge of closing.

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