General Discussion

problems at WOWIO
bongotezz at 7:51AM, Aug. 29, 2008
(offline)
posts: 450
joined: 2-13-2007
It looks like WOWIO is running behind on payments. Does anyone have ay experience with WOWIO? i was considering joining but now i'm hesatent.

http://www.newsarama.com/comics/080828-Wowio.html
last edited on July 14, 2011 11:32AM
Skullbie at 3:45PM, Aug. 29, 2008
(online)
posts: 4,773
joined: 12-9-2007
Article
the online comics publisher (recently acquired by Platinum Studios) is late in paying a large number of creators and publishers their second quarter payments.

NRAMA: Did the conditions/terms change at Wowio when it was acquired by Platinum?

SH: Yes. Their contract addendum basically cut everyone's earnings by 95% by removing most free downloads in favor of a paid download/weak ad model. That, and the fact that we don't like Platinum Studios, led Smashout not to sign the addendum. That left only getting paid for Q2, due Aug 15 (and not paid as of Thursday) and then be done with them forever.


…..Wow. Hating platinum is bit of a tend here now but this is pretty ridiculous on all levels.

Guy in article
NRAMA: Currently, how much are you owed by Wowio?

SH: A bit over $7,300. $1,700 to my company and the rest to other creators.

On the flip side this is also ridiculous, by that i mean the fact that he made 7k off something he was going to do for free or as he stated earlier ‘didn’t do so well on' -_-


Never ceases to amaze me the arrogance people will get when their free work isn't being paid for.
 
last edited on July 14, 2011 3:46PM
Custard Trout at 10:06PM, Aug. 29, 2008
(offline)
posts: 4,566
joined: 2-22-2007
By the sound of it, Wowio was having problems before Platinum got hold of them.
Hey buddy, you should be a Russian Cosmonaut, and here's why.
last edited on July 14, 2011 12:01PM
Gadora at 11:15PM, Sept. 1, 2008
(online)
posts: 2
joined: 8-27-2007
This saddens me greatly.
I tend to overuse parentheses. (Sorry about that)
last edited on July 14, 2011 12:32PM
c_arnold at 9:01AM, Sept. 2, 2008
(offline)
posts: 25
joined: 7-22-2007
It's disappointing to read Wowio is having such problems. I hope things get better for the folks involved.
last edited on July 14, 2011 12:02PM
SpANG at 9:42AM, Sept. 2, 2008
(online)
posts: 3,105
joined: 1-1-2006
@Steve Horton

Your payment is less than 2 weeks late and you run to the press? Seriously, dude. That's just moronic. Most contracts I've seen have a 90 grace period to protect the company.

Yes, they owe you the money, and yes you ‘deserve’ it (for playing a ‘bookie’ or something to other artists that could have just as well done it on their own).

But 2 weeks? Geez. Welcome to the real world.

“To a rational mind, nothing is inexplicable. Only unexplained.”
last edited on July 14, 2011 3:53PM
ozoneocean at 10:59AM, Sept. 2, 2008
(online)
posts: 25,085
joined: 1-2-2004
SpANG
But 2 weeks? Geez. Welcome to the real world.
For jobs I do where I'm personally in contact with the person, 2 weeks is about the limit, but jobs on the net… You're right. 90 days is more like the max. It's strange they're being babies about it. Still, that's a good amount of money so I suppose it makes them hungry for it lol!
 
last edited on July 14, 2011 2:32PM
lefarce at 8:46AM, Sept. 3, 2008
(offline)
posts: 5,454
joined: 2-9-2006
It's cute how people still think there is real money in webcomics. :3

 
last edited on July 14, 2011 1:33PM
subcultured at 12:54PM, Sept. 3, 2008
(online)
posts: 5,392
joined: 1-7-2006
i made 2 cents on my comic. yaaaaaaay!
J
last edited on July 14, 2011 4:03PM
ccs1989 at 2:28PM, Sept. 4, 2008
(online)
posts: 2,656
joined: 1-2-2006
Platinum should never have acquired Wowio. When you look at it, Platinum is an incredibly badly handled company. They fail to pay creators employed directly by them, and now they're not paying people who signed up on something that then came in to their ownership. Not a good incentive for more people to put their stuff on Wowio.

Also Platinum posted losses of $4.3 million in 2006 and $5.1 million in 2007. A company can't continue long with that kind of losses while failing to pay their own people.
http://ccs1989.deviantart.com

“If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.”
-Henry David Thoreau, Walden
last edited on July 14, 2011 11:39AM
SpANG at 4:30PM, Sept. 4, 2008
(online)
posts: 3,105
joined: 1-1-2006
However, these debts were owed BEFORE the acquisition. PS is just left “holding the keys” as it were. ;)

It's fine if you want to say that PS shouldn't have acquired Wowio. But nobody else was looking to buy them. AT least these people still have a shot at getting paid, instead of Wowio just closing down.
“To a rational mind, nothing is inexplicable. Only unexplained.”
last edited on July 14, 2011 3:53PM
ozoneocean at 8:25PM, Sept. 4, 2008
(online)
posts: 25,085
joined: 1-2-2004
Spang's right CCS, apart from the fact about the losses, the rest is speculative opinion and in the case of Wowio; quite wrong.

It all had nothing to do with Plat, but Wowio itself , as Spang says. ;)

My guess is that, as is typical with web startups, things were just too good to be true. They start off all bright and shiny with lots of funding and then the business model doesn't prove that great and the investors leave. Pretty soon they have to make hard decisions in order to stay afloat so payments get late, deals become less generous and they star looking for new investors… Or in Plat's case, a buyer that'll make them look better to investors…

The “plat” is bad for comics angle is heavily influenced by a core of stroppy comic fans who don't like them- which is fine and dandy, but doesn't mean they'll be unbiased commentators. Be careful with received opinion, it'll lead you wrong. :)
 
last edited on July 14, 2011 2:32PM
highspeedcomics at 8:27AM, Sept. 13, 2008
(offline)
posts: 124
joined: 12-7-2007
I hope Wowio can right itself, I really enjoy the site.
last edited on July 14, 2011 12:48PM

Forgot Password
©2011 WOWIO, Inc. All Rights Reserved