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Author Topic: Alamy "good news"!  (Read 4193 times)

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« on: December 04, 2018, 08:39 »
+3
Seen so many of these threads, figured I may as well start one :)

Apparently some "good news" from Alamy everyone should be happy about! Commissions going from 50% to 40%! YAY!

Comment below.


RAW

« Reply #1 on: December 04, 2018, 08:42 »
+2
That's awesome.

« Reply #2 on: December 04, 2018, 08:49 »
0
Seen so many of these threads, figured I may as well start one :)

Apparently some "good news" from Alamy everyone should be happy about! Commissions going from 50% to 40%! YAY!

Comment below.
I just read this ,,great,, news

« Reply #3 on: December 04, 2018, 08:56 »
+1
Just wait till after Brexit, they'll probably disappear.

« Reply #4 on: December 04, 2018, 08:58 »
+1
Greedy. What do they need the extra 10% for? So they can hire some QC staff to finally start letting any old crap onto the site?



« Reply #7 on: December 04, 2018, 09:06 »
+6
Sitting through the You Tube presentation the CEO is not about to become a media star zzzzzzzz

Fair play for fronting up and trying to justify it.

I don't think cutting commissions to improve sales by investing in shiny IT baubles has ever worked.

ShadySue

« Reply #8 on: December 04, 2018, 09:10 »
+5
To be fair, they didn't actually herald it as 'good', 'great' or 'exciting' news.

Still,  >:( :( :'(

« Reply #9 on: December 04, 2018, 09:14 »
+2
Kind of a rambling explanation of hopefully this works again.

« Reply #10 on: December 04, 2018, 09:19 »
+18
So, if I understand this correctly, they lowered the commission rates and eventually they made more money, so if they lower commission rates again, they'll make more money. Pure, unadulterated greed by a company that doesn't supply its own material.

« Reply #11 on: December 04, 2018, 09:22 »
+14
Whole industry is going to the pisser.

Maybe they are planning to sell the business and this is the way to plump up the company numbers. Get a big fat payday, and adios muchacho

« Reply #12 on: December 04, 2018, 09:22 »
+17
They make a super long video of drivel, who will actually watch this?? This is totally unacceptable. They give students 100% commissions so we are now paying for them. They do charity, we pay. Sure charity is lovely but don't do it at our expense.
Who would do charity for abused photographers??
I am really sick with this. Does anyone know email for James West?

« Reply #13 on: December 04, 2018, 09:27 »
+4
They make a super long video of drivel, who will actually watch this?? This is totally unacceptable. They give students 100% commissions so we are now paying for them. They do charity, we pay. Sure charity is lovely but don't do it at our expense.
Who would do charity for abused photographers??
I am really sick with this. Does anyone know email for James West?

That's a good point, time we all register for a course and all get 100% comms for 2 years :D

« Reply #14 on: December 04, 2018, 09:29 »
+3
They make a super long video of drivel, who will actually watch this?? This is totally unacceptable. They give students 100% commissions so we are now paying for them. They do charity, we pay. Sure charity is lovely but don't do it at our expense.
Who would do charity for abused photographers??
I am really sick with this. Does anyone know email for James West?

Charity structured so that they dont pay, or pay minimum income taxes on profits.
They are a smart bunch, not like us poor sods who put our time/money into new equipment and courses to improve.
Jokes on us.

« Reply #15 on: December 04, 2018, 09:30 »
0
They make a super long video of drivel, who will actually watch this?? This is totally unacceptable. They give students 100% commissions so we are now paying for them. They do charity, we pay. Sure charity is lovely but don't do it at our expense.
Who would do charity for abused photographers??
I am really sick with this. Does anyone know email for James West?

He gave his email at the end of the video.

Me


« Reply #16 on: December 04, 2018, 09:31 »
+13
Since cutting rates to 50% they have seen revenue growth, therefore cut rates again and see further revenue growth. Shame they are a private company, it would be good to see their profits and projections during these time periods.

Looking at current revenue, this will generate them approximately 3m pa pre-tax. No mention of marketing spend increasing, so how are they going to increase revenue? Cross their fingers? Hope that revenue magically increases because they have cut commission rates? Profits will - if they don't spend any of the additional 3m, but contributors profits won't!

They place themselves in their own designated Tier 2, well below Tier 1 agencies, this move will not put them any closer to the Tier 1 they have specified themselves, it is purely a money grab. The big difference, as we all know, is that the Tier 1 agencies provide the volume, Alamy do not, and an additional 3m on their bottom line will not provide the necessary volume either. Another agency which says they are confident this will result in an increase in sales for contributors, whilst asking those same contributors to bend over and take it with a smile on their faces, and bear with them through this hard and trying time - of four consecutive years of growth?

Alamy, for me, is at best a low earner - circa $1000 this year, now if sales levels remain static, that will be circa $800 whilst I continue to upload and increase the size of my library with them? Whilst their library gets bigger overall, giving me a smaller slice of the pie I helped to make?

Thanks Alamy.

From a ten year contributor. Nice to know you have my back.


« Reply #17 on: December 04, 2018, 09:36 »
+5
Lazy, idiotic QC. Antiquated and stubborn management. And now this. If there was ever any reason to stick with these guys, there isn't now. End of the road. Goodbye Alamy.

SID

« Reply #18 on: December 04, 2018, 09:44 »
+5
They're crazy! Then I will just delete my account with them.
Too bad about the work, have uploaded in the years about 10000 pictures.
But finally the sales have decreased more and more.
Have you ever tried to find pictures there? You have to rummage through tons of badly keyworded files, in addition there are many pictures with unbelievably bad quality.
This reminds me of a customer to whom I told that some of my pictures were listed at Alamy. "What are you at this chaotic agency? You won't find anything there. I haven't bought there for a long time" - so to speak.
Well well, then I don't sell any more there either.

Greedy Alamy - byebye

ShadySue

« Reply #19 on: December 04, 2018, 09:54 »
+6
They're crazy! Then I will just delete my account with them.
Too bad about the work, have uploaded in the years about 10000 pictures.
...
Well well, then I don't sell any more there either.

Greedy Alamy - byebye
Where will you be sellling which is less greedy?

« Reply #20 on: December 04, 2018, 09:55 »
+1
They're crazy! Then I will just delete my account with them.
Too bad about the work, have uploaded in the years about 10000 pictures.
...
Well well, then I don't sell any more there either.

Greedy Alamy - byebye
Where will you be sellling which is less greedy?

Wish AS would start editorial, they're fair and they'd probably have volume also.

edit: wait what they do? https://stock.adobe.com/editorial

ShadySue

« Reply #21 on: December 04, 2018, 09:59 »
+3
They're crazy! Then I will just delete my account with them.
Too bad about the work, have uploaded in the years about 10000 pictures.
...
Well well, then I don't sell any more there either.

Greedy Alamy - byebye
Where will you be sellling which is less greedy?

Wish AS would start editorial, they're fair and they'd probably have volume also.
They're fair? What's their commission rate? Is it more than 40%?

« Reply #22 on: December 04, 2018, 10:08 »
+1
Using contributors cut to chase market share on it's own won't put him up there in the top tier.  I think he just missed out on a chance to restructure and compete with Tier One agencies. If he wants to emulate them he will need to stratify his content, contributors and buyers.  Tier One agencies pay different rates to contributors, have premium content offerings form top contributors for buyers and Enterprise teams to keep valuable clients and top earners happy.  He has addressed none of this, just skimmed the cream off everybody.  Expect more good news when he realises his mistakes.

« Reply #23 on: December 04, 2018, 10:21 »
0
They're crazy! Then I will just delete my account with them.
Too bad about the work, have uploaded in the years about 10000 pictures.
...
Well well, then I don't sell any more there either.

Greedy Alamy - byebye
Where will you be sellling which is less greedy?

Wish AS would start editorial, they're fair and they'd probably have volume also.
They're fair? What's their commission rate? Is it more than 40%?

33% as a start, or up to 46% depending on your former FT rank. Also, they've introduced minimum royalties for subs starting at 0.33 USD. It's not amazing, but it feels like it's going in our direction for a change.

« Reply #24 on: December 04, 2018, 10:28 »
+3
Same story everywhere yet we still continue to pay their wages.


 

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