\"Negative earnings\" on Pump/Getty Images royalty statement

Home › Forums › General Questions › \"Negative earnings\" on Pump/Getty Images royalty statement

Viewing 10 posts - 1 through 10 (of 10 total)
  • Author
    Posts
  • January 18, 2014 at 7:48 am #14367
    50Styles
    Participant

    I got my Pump Audio/ Getty Images royalty statement today and saw i had negative earnings. No idea what these are and why these are on my statement. Anybody here know more about it?
    Thanks Erwin

    January 18, 2014 at 10:37 am #14369
    MichaelL
    Participant

    Hi Erwin,

    I had that happen with ASCAP once. They made an over payment, and then took it back it with negative earnings. (That’s why I don’t sign up for direct deposit with my PRO. It’s allows them to recover overpayments from your bank account.)

    Maybe something similar happened. I hope it works out for you.

    Best,
    Michael

    January 18, 2014 at 11:02 am #14374
    50Styles
    Participant

    Thanks Michael, i didn’t get any money and the last payment was 6 months ago.. no problems there.
    No idea what this about. Don’t do much with Pump/Getty but the so called “negative earning” is over 3000 dollars. I’ve send them an email.. will let you know what they reply

    January 18, 2014 at 11:08 am #14375
    MichaelL
    Participant

    Yes, definitely contact them Erwin. They may use that $3,000 negative earnings as a justification to deduct money from your future earnings, until they’ve recovered the 3K. You should get an explanation and an accounting of what is going on.

    January 19, 2014 at 11:12 am #14390
    Scott Ross
    Guest

    I did a lot of recording for Muzak throughout the years, and my business partner and a few musicians did quite a lot of originals for them. Last year, they were informed by ASCAP that they were all over paid by $20,000. So they have to pay that back now with no royalties till it’s paid back with interest. Lovely…..

    January 21, 2014 at 12:32 pm #14420
    50Styles
    Participant

    Pump replied to my email. It seems 2 of my licenses have been “returned”.
    Anybody heard about returned licenses before?? I haven’t…
    I’m asking for proof.
    Also, Pump would be the only library in the world that pays out before getting the money themselves.

    January 21, 2014 at 3:02 pm #14421
    MichaelL
    Participant

    Erwin. I’m sorry for your situation.
    That’s total B.S. Sounds like a good reason to avoid Pump!

    January 21, 2014 at 4:43 pm #14422
    SempreLegato
    Participant

    Hi Erwin,

    Sorry to hear about the “returned” licenses. It does seem unusual that they paid you before they had their payment in hand. I hope this works out for you in some way.

    IMO, it would be good to add a summary of this episode (however it turns out) to the PA MLR page (I’m using the abbreviation for the library name).

    Joe

    January 22, 2014 at 9:39 am #14388
    Desire_Inspires
    Participant

    Negative earnings? That makes no sense.

    January 25, 2014 at 9:10 am #14451
    yzzman1
    Participant

    Wow

  • Author
    Posts
Viewing 10 posts - 1 through 10 (of 10 total)
  • You must be logged in to reply to this topic.
X

Forgot Password?

Join Us