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| URL: | http://www.revostock.com/ | |
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| Twitter: | ||
| Facebook: | ||
| Accepting Submissions: | Yes | |
| Submit Online: | Yes | |
| Submit By Mail: | No | |
| Submissions Reviewed: | Yes | |
| Types Accepted: | Instrumentals | |
| Charge For Submissions: | No | |
| Up Front Money: | No | |
| Royalty Free: (non-broadcast use) |
Yes | |
| Exclusivity: (Exclusive, Non, Semi) (Semi = Free to place on own but not with another library) |
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| Re-Title: | Unknown | |
| Set Own Price: | No | |
| Contract Length: | Unknown | |
| Payment Schedule: | Monthly | |
| License Fee Split: (writer/library) |
45/55 | |
| PRO Split Based on 100%: (writer/library writer/library/publisher or writer) |
100/0 | |
| Requires Licensee To File Cue Sheet: | Yes | |
| Pays On Blanket License: | ||
| YouTube Content ID: | ||
| Active Site: | No | |
| Offers Subscriptions To Clients: | ||
| Notes: | ||
I tried to enter to my Revostock account today and founded that the site is down, there is a letter from the owner in the index. Anybody as news about this and what about the pending royalty payments ? i had some royalties in my account there.
Please read this thread as it has been discussed here.
Getting on for $1,000 owed here.
I understand he had quite a few issues over recent years, with patent trolls and the like, but the composers/contributors earnings should never be accessed to keep the library going.
” composers/contributors earnings should never be accessed to keep the library going.”
Which is why law firms are required to keep client escrow accounts. You NEVER touch client money.
Sad news, I liked Craig and Revostock. I was still owed close to $1000, which makes it even more painful…
We shouldn’t jump too quickly to the assumption that Revostock has closed because of the previous lawsuit.
Many libraries, especailly RF libraries, are run by one or two people, without whom the business really cannot operate. If something happens in the life of that person, like illness, the whole thing can some to a halt, unless there’s a plan for succession.
Over the years, I’ve seen many businesses go under, either quickly or slowly, because the person in charge was no longer able to manage.
Circumstances like these are among the reasons that I look at the longevity and the size of an organization when deciding whether to put my tracks there.
Sure, that could happen. But not in this case. I believe RevoStock used to be around 5-7 people. He recently let 2 of them go. Craig wrote several times in the producer forum about what was happening and he basically used our 45% for a very long time (over a year!) to “try new marketing things”, cover salaries and personal expenses etc. He failed and took a lot of people’s money with him unfortunately.
RevoStock has been around for 10 years and used to be one of the big players in the Stock Footage world. Not as much in music but definitely in the top 10. One author I know is owed $4,400 from his footage sales…
Ouch!
Just came across a stock footage producer from another forum who’s owed $12,000!
Sad about that, but it was predictable in a certain way…I did not delete my tracks and I have still a sum around 100$ to be paid, I will delete those figures from my files. Bye bye Revostock, bye bye money.
OMG ! One year ago I got that reall ybad feeling about crig after he had that Patent Troll lawsuit, than he decided to go with that $100 threshold payment to all his composers, Lucky me Ive told him that i dont like this idea and asked him kindly to remove all my track down.. hope you will get back to you with your money guys…
$400… not fun…
Sub a hundred bucks, still a steak dinner though.
Yeah I had just about a hundred bucks unpaid at this point too. Oh well – sorry to see that site go. There was a period of time that it was selling fairly well for me.
If Revostock has filed for bankruptcy, the funds that they have are counted as company assets. I don’t practice in that area of law, but AFAIK, if they have filed for bankruptcy they no longer have access to their assets, which are controlled by the court or receiver.
In order to get paid you need to file a claim with the receiver, or the court, as one of Revostock’s “creditors,” to whom it owes money.
If they have filed for bankruptcy, there shouled be a public notice stating when and how to file your claim. There is usually a limited window of time.
Note that all debts are likely to be aggregated and creditors often only get pennies on the dollar.
Also, I believe that if there are unpaid judgements from previous lawsuits, those judgments will be prioritized.
I would recommend hiring a lawyer, but based upon the amounts that you all mentioned being owed it would very likely cost you more to do that than you are owed.
But…if you are owed money, you can contact the appropriate state court where Revostock is incorporated to 1) see if they’ve filed for banckruptcy protection and 2) inquire about filing a claim.
Good luck.
I seem to recall that they were located in Portugal.
I’m quite sure it was Texas, but maybe they had a satellite office in Portugal?
You could be right. I don’t know how that stuck in my brain.
Okay just Googled it and Texas is right. Google link is dead but still in their cache.
FAQ | RevoStock Contact Information
Our Address Is: 2591 Dallas Parkway Suite 300 Frisco TX 75034 866-907-7386 Time Zone Information: Standard Time Zone: UTC/GMT -6 Hours (Central …
Also looks like their demise had to do with patent trolls. That’s really a shame.
That’s curious. What / whose “patent” was involved.
Doesn’t say on the site but I do know patent trolls are a problem in many industries, especially with software.
The patent involved was that of the site as a whole. The trolls lost, and this was several years ago. That hit them hard while it was going on, but I think it’s a bit of a stretch to still blame it years after… But I guess maybe that caused the site to just lose its momentum. I sold well on the site, and I liked that you could choose pricing, but quite frankly, it was a very clumsy and slow site compared to the competitors.
Yep, I lost in the low hundreds – saw it coming but it still sucks.