Unfortunately, there is never a good time to end a business, especially one that has been around
almost 10 years as RevoStock has. I started RevoStock in 2006, excited about bringing the
microstock idea to the world of video. Along the way, Revo brought many firsts including the
first site to succesfully ofi�er both audio and video, the first site to sell Alter Efl�ects Templates
and the first site to offer FlexFile custom encoding. We stayed a small company but were able to
grow fast in spite of the fact that we did not have any outside funding.

However, staan in 2012, our struggle with a Patent Troll (a company that buys or acquires
broad patents they can use to sue as many companies as possible) was the beginning of a very
difficult period our small company simply was not able to rebound from. While the lawsuit was
dismissed after 2 years, the scars left from this struggle made it equally difficult to get the
funding we needed to recover and thus continue growing and innovating. Ifyou are not familiar
with the unfair damage Patent Trolls are causing to small companies like ours, I encourage you
to watch John Oliver�s (HBO) recent piece unmasking the ways Patent Trolls kill small
businesses and stifle innovation.

I am deeply grateful to our talented producers who, following this suit, gave us a chance at
recovery and I am very sorry we were not able to see it through Thank you so much for your
talent. I know how much time, effort and trust you have put into me and RevoStock and while I
labored until the end to deliver a solution, I deeply regret that it wasn�t possible. I am also
thankful to all of the customers who have supported us all these years and come to us for your
stock media needs. Thank you so much for choosing us. It has been an honor to serve you and

interact with you. The last few months have been rocky for us and I hope our reputation might
stand on our previous nine years of service.

We are currently working on securing a partnership for both our RevoStock producers and
customers with one of the many other quality media marketplaces that will honor your current
relationship with RevoStock in the best way possible. We will be sending out an email to this
effect as soon as there are more details to be had.

- Craig Lillard (Founder, RevoStock)

Where do they mention the no payment part?

Where do they mention the payment part ?

I'm glad they closed. What pies me off the most is that they kept the site open, taking money from customers and, for * near a year, refused to pay most contributors. That's thievery. Good riddance. Oh, they owed me money too. Never saw it.

There is no mention about "no payments" on the revostock weird message.
But these payments have been difficult and rare since months....
A few days ago, I checked my Revo dashboard... +/- 6000$ royalties....
 

They will not pay.  Craig used the contributors money to keep the site runing or maybe to start a new business. Who knows? Why do they not mentioned payments? Because they need to buy some more time and avoid being prosecuted by some angry contributors. If they wanted to pay us, they would have mentioned it in the site's closing message. They owe me $300,00. And that's means a lot for me in the economic crisis that my country faces.

Uk and ireland use comma dot same as us and eu mainland uses dot comma

It appears there is no access to the Contributor page that shows how much they owe respective contributors. This is not being handled well at all. I am glad to see them "throw in the towel" - it's been a long time coming, and they owe contributors a lot of money. I sincerely hope they do the right thing and settle up with everyone.

Hello to everybody, revostock also owes me about 4000$ and i think we will never see our money since they closed over night so you can not even downlaod your payment history and nothing from your accaunt. Does anybody knows how can we contact Craig or somebody from revostock or something more about whole situation?

I think the most people who earned much on Revo were not footage sellers. The most sales at Revostock were After effects templates.

Quote from: weathernewsonline.com on October 28, 2015, 07:10

Quote from: danilo.afx on October 25, 2015, 11:42

They will not pay.  Craig used the contributors money to keep the site runing or maybe to start a new business. Who knows? Why do they not mentioned payments? Because they need to buy some more time and avoid being prosecuted by some angry contributors. If they wanted to pay us, they would have mentioned it in the site's closing message. They owe me $300,00. And that's means a lot for me in the economic crisis that my country faces.

$300,000? Three hundred thousand?  You let it go far to long but now you need to get to a good lawyers office for professional advice on how to proceed.

I think that is $300 Europe uses a comma instead of a period.

what's the deal anyway: there were TWO ZEROES, another "indicator" (to say the least and leave out the words "total ignorance" on the part of the apparently confused ones here) and making it pretty clear that this is not $300K but three hundred dollars even (as in no cents).

Also, reading and getting the tone of danilo.afx' message might help

Or is everyone here so pre-occupied with their wishful thinking that they "anticipate" numbers like $300K in the first place?!

When a company becomes insolvent and its cash revenues are insufficient to support debt and operations, they often seek court-protection. And to do that, they have to file Chapter 11 bankruptcy. When that happens, it sends a serious chill to all stakeholders such as employees, vendors, suppliers, customers, etc.
There are two serious loan deadlines looming on the horizon in 2019 and 2020. So, it will be interesting to see what transpires between now and then.