Materia team here, re: payout issues; we’ve been in a meeting all afternoon to make a plan. We didn’t realize just how widespread this was; that’s on us. We’ve been treading water a long time with our reporting/accounting tools; we grew too fast for our team to keep up.

Jan 14, 2021 · 11:04 PM UTC

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We don’t have the perfect solution yet, but we’re working on both short-term and long-term ways to get money in artists’ hands ASAP. We will be sharing more information as the plan comes together, as transparently and openly as possible. Apologies aren’t enough; action is.
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We’re going to prioritize this over the next few weeks, putting other things on hold. And we’ll keep everyone posted. In the meantime, if you have concerns, emailing us at artists@materiacollective.com is the best way to go. We’ll try to answer as quickly as we can.
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Replying to @MateriaColl
Can you confirm that you have the cash on hand required to make overdue payments to artists immediately?
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Great question. Yes: delays reflect data entry/accounting issues, not our financial stability. 100% of outstanding royalties will be paid to all artists by our next accounting period in mid-February.
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Replying to @MateriaColl @EvokeSeagull
I'm cheering for you!
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Replying to @MateriaColl
I and another fellow Materia artist received email updates and some forms to fill regarding payments. Thanks for the fast action under 24-hours. <3
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Replying to @MateriaColl
Victim of success is not problematic when it occurs to serious people and as you are serious, I'm not worried for you :)
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Replying to @MateriaColl
Might wanna take a look at your own first tweet here. If it is happening to ONE person it is too widespread... it's as though letting a few people not get paid was an acceptable amount.
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Replying to @MateriaColl
You guys have got this! ^^
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