ASMP: Omnicom Passes the Buck |nyc.locationscout.us

ASMP: Omnicom Passes the Buck

It has been brought to the attention of the American Society of Media Photographers (ASMP) that the Omnicom Group, the world’s largest advertising agency holding company, has changed its terms and conditions in an effort to limit their agency liability and in so doing transfer that liability to independent photographers and producers. Basically, by disclosing their agency status and for whom they are acting, the advertising agency is only liable to the extent that their client has specifically paid them for any amounts payable to you. Additionally, ASMP has been informed that reps are being told that there will no longer be any advances on assignments.

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See also:

BNET | Omnicom, in Cash Crunch, to Delay Payments to U.S. TV Producers

Adweek: Omnicom Enforces Production Contracts | Holding co’s pmnt sched worries production houses

Photo District News | Advertising Photographers Alerted to Omnicom’s New Payment Terms

Wheresspot – Prisoners of Advertising | News of Omnicom New Payment Terms? (free registration required)

AdLand | Commercial Archive: Are you a commercial artist, or a bank? GM won’t pay, and Omnicom passes the buck.

Business Wire: Statement from American Society of Media Photographers (ASMP) RE: Omnicom Decision to Change Photographers’ Terms & Conditions

Resolve | Livebooks Blog | No more advance checks, says Omnicom

Shots.net (UK) Search results: Omnicom

Creativity Online | Omnicom Tightens Production Financing Terms

ShootOnline | Brother, Can You Spare 60 Days? | Economy Exacerbates Slow Payment Problem For The Commercial Production Community (may be online for free only limited time)

AdAge: Agencies Duck Liability for Clients’ Production Costs