Indexstock

SAA Investigations Find Ongoing Issues With Photolibrary's Index Stock Payments

Since last November, when Photolibrary's controller alleged the company had failed to acknowledge and pay $2.2 million in past debts the company owed Index Stock contributors, SAA has investigated the issues raised, and has now contacted 116 of some 1,700 Index Stock contributors. Our findings show most payments have resulted from outside pressure, not the company's initiative.

News & Reports

SAA Coverage of Photolibrary Index Stock Accounting and Payment Issues

SAA Press Release, Sept. 30, 2008
SAA Investigations Find Ongoing Issues With Photolibrary's
Index Stock Payments
Since last November, when Photolibrary's controller alleged the company
had failed to acknowledge and pay $2.2 million in past debts the
company owed Index Stock contributors, SAA has investigated the issues
raised, and has now contacted 116 of some 1,700 Index
contributors. Our findings show most payments have resulted from
outside pressure, not the company's initiative. ...more

Previous Releases and Media Coverage

PDN Pulse, Oct 3, 2008
Index Stock: A Colossal Mess in Need of an Arbitrator?

SAA Press Release, Feb 3, 2008
After Months of Pressure, Photolibrary Promises to Pay Index Stock Debts

PDNonline, Dec 17, 2007
Photolibrary Explains Index Stock Problems, Calls Reports "Inaccurate"

SAA Press Release, Dec 13, 2007
Photographers Groups Call on Photolibrary to Answer Questions About Index Stock Payments

SAA Press Release, Dec 6, 2007
SAA Seeks Accountability from Photolibrary on Obligations to Index Stock Contributors

PDNonline, Dec 4, 2007
PACA Investigating Ethics Complaint Against Photolibrary

PDN Pulse, Nov 15, 2007
Letter To Stock Contributors Is Instant Classic

After Months of Pressure, Photolibrary Promises to Pay Index Stock Debts

Photolibrary is at last moving to contact, report and pay their Index contributors years of outstanding debts the company assumed when it purchased Index Stock in 2006. Supported by a coalition of fellow artist associations, SAA has been pressing the company for payment of previously unacknowledged debts and full acountability about its accounting practices.

Photographers Groups Call on Photolibrary to Answer Questions About Index Stock Payments

SAA, now joined by leading North American photographer associations ASMP, APA, EP and CAPIC, continues to call on Photolibrary to answer serious allegations the company has not paid $2.2 million in commissions due Index Stock contributors.