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Author Topic: Revostock delays Nov payment, updates status  (Read 2474 times)

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KB

« on: November 17, 2013, 10:50 »
0
Revostock has been very good at communicating with contributors ("producers" in Revo parlance). This blog post from yesterday:
http://www.revostock.com/ProducerNews.html?ID=175
announces a delay in the November payout, warns of some changes to come (uh-oh?), and lets contributors know what has been a big part of the cause of the drop in Revo sales over the last 18 months or more.

It's a very sobering read. For those too lazy (or uninterested) in clicking through, the upshot is a frivolous patent infringement lawsuit was filed against them, and they had to spend significant money and time in order to fight it. The good news is, it's now over, and just in time to (hopefully) save the sinking ship. I do wish them well.


« Reply #1 on: November 17, 2013, 19:11 »
0
Revostock has been very good at communicating with contributors ("producers" in Revo parlance). This blog post from yesterday:
http://www.revostock.com/ProducerNews.html?ID=175
announces a delay in the November payout, warns of some changes to come (uh-oh?), and lets contributors know what has been a big part of the cause of the drop in Revo sales over the last 18 months or more.

It's a very sobering read. For those too lazy (or uninterested) in clicking through, the upshot is a frivolous patent infringement lawsuit was filed against them, and they had to spend significant money and time in order to fight it. The good news is, it's now over, and just in time to (hopefully) save the sinking ship. I do wish them well.


Well that certainly goes a long way to explain the drop in video sales there over the last 18 monthsit must have been a lot of pressure on them. I wish them well as well.


 

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