News
Red Cover picture library unable to pay contributors
The Press Gazette, a UK publication for Journalists, is reporting that Red Cover, of south London, has racked up nearly £500,000 (approx $1 million USD) in debt and has told its contributing photographers and writers that it may not be able to pay them for up to two years. Red Cover specializes in home interior imagery and currently supplies content to Getty Images.
In its write-up of the story the Press Gazette cited a letter passed to Press Gazette from owner Sally Griffiths stating “Yes, we are experiencing financial difficulties and as a result we are behind with our photographers’ commission payments. This is due to a number of reasons: the main issue being the enormous expenses that we had no idea we would encounter while building up the business.”
Update (07/14/08): In response to the outcry from contributing photographers, the agency held a meeting with certain contributors and issued a statement about future payments.
Web: www.redcover.com - Click here to view the original story on the Press Gazette website.
Posted in: News, Photographers, Stock Photo Companies
Comments(3)
post a comment »Mark, July 03, 2008 [#]
This is shocking to say the least. I can’t believe they are being allowed to continue to trade. this brings shame to the industry and makes the jobs of honest picture libraries much harder.
Simon Anderson, July 03, 2008 [#]
I agree this is terrible for the industry as a whole. I’m very interested to hear what BAPLA have to say about this. As far as I can see there has been no public comment from them. Surely Red Cover have breached the BAPLA Code of Ethics?
Christian, July 14, 2008 [#]
Makes interesting reading: http://www.ephotozine.com/topic/t-61619/p-0#comm1650069