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General Stock Discussion / Royalty split feature
« on: February 04, 2015, 08:16 »
Hi all,
Recently I'm writing to all the agencies I'm working with to allow us to share royalties with other contributors who collaborate on specific projects.
Revostock already has this feature and calls it "Royalty split".
According to Revostock, "The Royalty Split feature will allow you to share your earnings from a particular file with another RevoStock Producer. This is useful if you work together with another producer on a media file. You will need to designate which producer to share earnings with when you upload your media.
Basically, to date contributors are very limited when collaborating with each other on a single shoot or a series of projects. It happened to me many times to refuse a collaboration for just a reason: ACCOUNTING and TAX ISSUES!
Sharing royalties with 2 or more co-authors is not an easy task as you have to either create new accounts for each different collaboration, or publishing co-produced contents under the account of one of the authors and rely on his good faith when he tells you how much you earned. Not to mention that if you work internationally, you should deal with complex tax issues when your co-authors leave in a Country which has not the same "withholding rate" with the US as yours.
The Revostock feature is just brilliant. No accounting problems, no math, no annoyance.
Why do I need to collaborate with other people?
Well, after 8 years in microstock, I believe that we are at a point where the return per image on simple and low budget shoots has diminished too much. I think it's better to partner with other people for sharing creativity, techniques, equipment, models and resources to finance complex and highly rewarding shoots.
If you think that this feature would help you as well, please feel free to copy and paste this message below and send it to the agencies you work with. The more we are the better.
"Hi,
I'm writing you because I would like you to consider a very convenient feature for contributors.
It's called "Royalty split feature" and has been already implemented by Revostock.
According to Revostock, "The Royalty Split feature will allow you to share your earnings from a particular file with another RevoStock Producer. This is useful if you work together with another producer on a media file. You will need to designate which producer to share earnings with when you upload your media.
I think this would be very simple to implement on your side because it's just a matter of sharing the royalties generated from a file between two or more contributors that are already registered on your website.
On the other hand, it would dramatically simplify our life, as we wouldn't be anymore involved in many issues, such as time-consuming reviews of our sales to make sure that any co-producer gets the right share, tax issues, creating different accounts for any "creative" partnership we want to carry on, etc.
I hope you got the general idea of this feature and to see it available in the near future.
I'm confident that many people would appreciate your effort and consider it very welcome.
Thanks for your kind attention.
Best regards."
Recently I'm writing to all the agencies I'm working with to allow us to share royalties with other contributors who collaborate on specific projects.
Revostock already has this feature and calls it "Royalty split".
According to Revostock, "The Royalty Split feature will allow you to share your earnings from a particular file with another RevoStock Producer. This is useful if you work together with another producer on a media file. You will need to designate which producer to share earnings with when you upload your media.
Basically, to date contributors are very limited when collaborating with each other on a single shoot or a series of projects. It happened to me many times to refuse a collaboration for just a reason: ACCOUNTING and TAX ISSUES!
Sharing royalties with 2 or more co-authors is not an easy task as you have to either create new accounts for each different collaboration, or publishing co-produced contents under the account of one of the authors and rely on his good faith when he tells you how much you earned. Not to mention that if you work internationally, you should deal with complex tax issues when your co-authors leave in a Country which has not the same "withholding rate" with the US as yours.
The Revostock feature is just brilliant. No accounting problems, no math, no annoyance.
Why do I need to collaborate with other people?
Well, after 8 years in microstock, I believe that we are at a point where the return per image on simple and low budget shoots has diminished too much. I think it's better to partner with other people for sharing creativity, techniques, equipment, models and resources to finance complex and highly rewarding shoots.
If you think that this feature would help you as well, please feel free to copy and paste this message below and send it to the agencies you work with. The more we are the better.
"Hi,
I'm writing you because I would like you to consider a very convenient feature for contributors.
It's called "Royalty split feature" and has been already implemented by Revostock.
According to Revostock, "The Royalty Split feature will allow you to share your earnings from a particular file with another RevoStock Producer. This is useful if you work together with another producer on a media file. You will need to designate which producer to share earnings with when you upload your media.
I think this would be very simple to implement on your side because it's just a matter of sharing the royalties generated from a file between two or more contributors that are already registered on your website.
On the other hand, it would dramatically simplify our life, as we wouldn't be anymore involved in many issues, such as time-consuming reviews of our sales to make sure that any co-producer gets the right share, tax issues, creating different accounts for any "creative" partnership we want to carry on, etc.
I hope you got the general idea of this feature and to see it available in the near future.
I'm confident that many people would appreciate your effort and consider it very welcome.
Thanks for your kind attention.
Best regards."
