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Old July 20th, 2021, 08:04 AM   #1
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Is this a scam?

I have been repeatedly contacted by an Asian company to license my footage, paying royalties or to buy all I have for $50,000. I have repeatedly told them I wasn't interested, but they persist. Their approach seems very professional.

The whole approach appears just too intense for what I have to give them, and the final offer is really over the top. The old adage "If it seems too good to be true, it probably is." seems to apply here. Is anyone aware of some sort of scam out there like this?
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Old July 20th, 2021, 02:01 PM   #2
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Re: Is this a scam?

It wouldn't hurt to make some preliminary contact. It will soon become clear.
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Old July 20th, 2021, 03:21 PM   #3
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Re: Is this a scam?

I hate stuff like this. My gut tells me 99.9% chance it's a scam, but nothing would make me happier if I was wrong.
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Old July 20th, 2021, 04:41 PM   #4
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Re: Is this a scam?

What do they mean by "all you have." How would they have seen all of your footage? Is it posted somewhere so they can see it? If there is no way they could know the subject matter, the quantity, or the quality of "all you have", how could it not be a scam? Nobody legitimate is going to offer you a $50K figure sight unseen.

On the other hand, I have a portfolio of 10,000 clips at Shutterstock that would be easy for someone to surf through and see what I have and then to make an offer. So that would make it trickier to sniff out a scam if they approached me. Do you have a portfolio posted somewhere that they can see? If not, it is surely a scam. And even if you do, it is probably still a 99% chance that it is a scam.
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Old July 21st, 2021, 10:38 AM   #5
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Re: Is this a scam?

Yeah, might help to include what the videos are (Youtube DIY, Stock video, Original Content) and how they found you (Youtube, Shutterstock etc).

$50k is a good amount of money imho, also what would they 'scam' part be, you dropbox them the videos and they never pay you? Couldn't you still retain ownership to license it since the contract is voided?
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Old July 21st, 2021, 03:30 PM   #6
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Re: Is this a scam?

Contracty stuff is one thing, enforcement is another.

I wouldn't touch it. Steve is correct to be suspicious.

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Old July 21st, 2021, 05:26 PM   #7
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Re: Is this a scam?

Yeah, I guess I forgot to include 'Yes, it does sound like a scam'. Unless you think there could be 'some' good value to the videos, but maybe they're overpaying. (For instance, you run a youtube channel that brings in $1000/year but is growing, and they're willing to buy the videos & account outright, or something like that).

Otherwise tho if its completely out of left field I'm not sure I would bother.
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