Agency Based Discussion > iStockPhoto.com
Getty - 500px partnership
Zero Talent:
Just got this message:
Hi xxx,
As one of our most valued contributors, we wanted to let you know about some major enhancements and changes coming to our stock photography marketplace. These changes will help maximize your potential earnings by positioning your content at the right price and with the right distribution.
Starting July 1st, 2018, we’re offering our community an exclusive opportunity to work with our newest global distribution partner, Getty Images.
How does this benefit you?
The greatest benefit for contributors will be the increase in people/buyers looking at your photos. Getty Images is the largest photography marketplace in the world, as well as a leading distributor of award-winning imagery. Serving approximately 1M customers in almost every country in the world, Getty Images is the go-to choice for professionals to discover and purchase creative content.
Post-partnership, most of our photographers will have access to:
Larger audience and increased reach
Improved exposure, through sophisticated AI-powered keywording and belonging to the 500px collection on Getty Images
Opportunity to increase earnings
Upcoming features to further increase your photo sales (to be released this year)
What does this mean for 500px Marketplace?
As a result of this change, we are closing 500px “Marketplace” on June 30, 2018. If you’re a contributing photographer who has not opted out of distribution, your images may be selected for inclusion on Getty Images, as well as on our long-term distribution partner, Visual China Group (VCG), which acquired 500px back in February and markets photos in China.
What does this mean for my contract and photos?
The terms of the existing Contributor Agreement and your royalty rate remain unchanged, as does the process for submitting your images for licensing via 500px:use your Photo Manager to upload images, choose representation rights (exclusive vs. non-exclusive), and add appropriate keywords and releases before saving changes.
Please feel free to contact us with any questions, or check out our FAQ here.
Thanks,
The 500px Team
It looks like Getty will use 500px the same way they used Flickr years ago.
changingsky:
another "exciting news"
stockastic:
Nothing to see here, folks. Just keep walking and let the emergency crews do their work.
dpimborough:
"Improved exposure, through sophisticated AI-powered keywording "
Almost choked when I read that ::)
Jo Ann Snover:
I had pulled out of 500px marketplace when the last "exciting news" of them dropping the royalty rates was announced, so in one sense this doesn't affect me.
However Getty is a partner with EyeEm where I also have images and I've had a modest number of sales through that channel. I can only imagine 500px images diluting the sales of EyeEm images via Getty. Shame we can't get the Shutterstock Endless Vector Variations Collection up on Getty while they're looking for more supply :)
I wonder if this means that KK Thompson is moving on to bring "exciting news" to some other enterprise... Update. I checked Kelly Thompson's LinkedIn profile and the FAQ on the 500px site this afternoon. Kelly moved on from 500px Marketplace a year ago and from 500px last month. Other than being on the board of Showpass I don't see anything new.
Visual China Group bought 100% of 500px recently
https://support.500px.com/hc/en-us/articles/360005097533
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