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Author Topic: Getty - 500px partnership  (Read 2088 times)

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« on: May 31, 2018, 11:12 »
0
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, were 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 youre 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.





« Reply #1 on: May 31, 2018, 12:32 »
+8
another "exciting news"

« Reply #2 on: May 31, 2018, 13:11 »
+9
Nothing to see here, folks. Just keep walking and let the emergency crews do their work.
« Last Edit: May 31, 2018, 16:38 by stockastic »

« Reply #3 on: May 31, 2018, 13:26 »
+5
"Improved exposure, through sophisticated AI-powered keywording "

Almost choked when I read that  ::)

« Reply #4 on: May 31, 2018, 14:11 »
+6
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
« Last Edit: May 31, 2018, 18:43 by Jo Ann Snover »

« Reply #5 on: May 31, 2018, 15:03 »
0
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.

Me too.  I didn't totally drop them, in the sense that I only removed every image from their marketplace.  I had never had a single sale (only a few dozen images listed there), so didn't see it worth uploading 1000's of photos or tracking them.

I am curious about this Getty connection though.  I dropped iStock years ago (that is, stopped uploading any new photos to them, leaving them with only a couple hundred of my earliest images) because of their absurdly low royalties.

Does Getty use the same royalty/payout as iStock? I always thought they were the premium side of the corporate fence, more choosy about what they accept, charging more to their customers, and paying more to the photogs.

Is that true, or has that also gone by the wayside over the years?

ShadySue

« Reply #6 on: May 31, 2018, 15:44 »
0
Does Getty use the same royalty/payout as iStock? I always thought they were the premium side of the corporate fence, more choosy about what they accept, charging more to their customers, and paying more to the photogs.

Is that true, or has that also gone by the wayside over the years?
I believe some of the Getty house togs get 30%; many big names left there years ago.
Via iS, exclusives get 20% at Getty (no matter what their iS rate, unless some have negotiated a 'special deal', I wouldn't know) and exclusives get 15%.
Interesting 500pxers are going to keep their current 500px rate (what is that?) which according to the 500px faq is 60% exclusive/30% non-exclusive.
WOWSERS!!!!!

As for high sales values, sometimes yes; but the tiny, tiny figures often complained about at iS are actually premium access sales via Getty, meaning buyers pay a premium then have access to all Getty and iS files for a vastly reduced price. IME there are lots more of the tiny sales than the big ones, and they seem to be migrating more and more of their customers into premium access.
« Last Edit: May 31, 2018, 16:30 by ShadySue »

« Reply #7 on: May 31, 2018, 16:40 »
+4
Get your tinfoil hats ready for more announcements about "sophisticated AI-powered keywording".   


PZF

« Reply #8 on: June 01, 2018, 01:35 »
0
Yep, another site where any creature or plant with a Latin name is unsearchable - not to mention foreign place names which also fail to register in the controlled vocabulary.
And if they ain't there then no AI on earth will find them.
Jolly dee.

« Reply #9 on: June 01, 2018, 02:07 »
0
As Eyem at least "partner" with Getty its not really an "exclusive" opportunity  :o

ShadySue

« Reply #10 on: June 01, 2018, 03:56 »
+1
Yep, another site where any creature or plant with a Latin name is unsearchable - not to mention foreign place names which also fail to register in the controlled vocabulary.
And if they ain't there then no AI on earth will find them.
Jolly dee.
You can't be talking about Getty? Scientific names are searchable there (if they are in the CV, which is addable via request).
The downside being that as the CV maps the vernacular name to the scientific name, people who spam  have the species listed by scientific names also, which tends not to happen on other sites, as only a small percentage of spammers bother to spam the scientific name.
Meaning if you search by the scientific name on most sites, you get a reasonably clean result apart from a few genuine mis-IDs and extremely dedicated spammers, but on Getty, especially iS, the result is as bad as searching on the vernacular.

« Reply #11 on: June 01, 2018, 05:04 »
0
I wonder will the images go through to Getty's site like with EyeEm, we know how long that process takes. 500PX just havent been attractive to me i just stopped loading.

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

ShadySue

« Reply #12 on: June 01, 2018, 05:25 »
0
I wonder will the images go through to Getty's site like with EyeEm, we know how long that process takes.
Not to mention the promise that all iS exclusive editorials would be mirrored onto Getty. Took years, went up, came down, then some went up, some didn't and it seemed to be totally random.

I see it's not all 500px images which are going to Getty, but "your images may be selected for inclusion on Getty Images,"

Still, it's the retention of 60% / 30% royalties which intrigues me! Wonder what existing Getty suppliers will make of that?!

« Reply #13 on: June 01, 2018, 07:08 »
+1
will be amazed if we get 30% of the actual sale price, more like 30% of the royalty paid from Getty to 500px I would imagine?

« Reply #14 on: June 01, 2018, 07:15 »
+3
will be amazed if we get 30% of the actual sale price, more like 30% of the royalty paid from Getty to 500px I would imagine?

Absolutely.  Nobody is going to be getting 30% of the sales.  It will be 30% of 500pxs negotiated cut, so 30% of 25% (or whatever they negotiate), so maybe %8 of the sales price?  Can you cut $.02 into that small a piece? Lol.
« Last Edit: June 01, 2018, 07:33 by Sean Locke Photography »

« Reply #15 on: June 01, 2018, 07:32 »
+2
In which case the "exciting" "major enhancement" is a 4 fold reduction of royalty

PZF

« Reply #16 on: June 01, 2018, 09:26 »
0
Yep, another site where any creature or plant with a Latin name is unsearchable - not to mention foreign place names which also fail to register in the controlled vocabulary.
And if they ain't there then no AI on earth will find them.
Jolly dee.
You can't be talking about Getty? Scientific names are searchable there (if they are in the CV, which is addable via request).
The downside being that as the CV maps the vernacular name to the scientific name, people who spam  have the species listed by scientific names also, which tends not to happen on other sites, as only a small percentage of spammers bother to spam the scientific name.
Meaning if you search by the scientific name on most sites, you get a reasonably clean result apart from a few genuine mis-IDs and extremely dedicated spammers, but on Getty, especially iS, the result is as bad as searching on the vernacular.

Few non US scientific names feature, or places. You can request (though I don't think there's an easy way to do this now) but they don't necessarily get added or become searchable. And in upload there is not the option to add them. Effectively lost in space. :(

ShadySue

« Reply #17 on: June 01, 2018, 09:57 »
0
Yep, another site where any creature or plant with a Latin name is unsearchable - not to mention foreign place names which also fail to register in the controlled vocabulary.
And if they ain't there then no AI on earth will find them.
Jolly dee.
You can't be talking about Getty? Scientific names are searchable there (if they are in the CV, which is addable via request).
The downside being that as the CV maps the vernacular name to the scientific name, people who spam  have the species listed by scientific names also, which tends not to happen on other sites, as only a small percentage of spammers bother to spam the scientific name.
Meaning if you search by the scientific name on most sites, you get a reasonably clean result apart from a few genuine mis-IDs and extremely dedicated spammers, but on Getty, especially iS, the result is as bad as searching on the vernacular.

Few non US scientific names feature, or places. You can request (though I don't think there's an easy way to do this now) but they don't necessarily get added or become searchable. And in upload there is not the option to add them. Effectively lost in space. :(

I looked up several UK and African bird/mammal species which I could think of off the top of my head before I posted, and they were all findable on Getty. I don't upload directly to Getty so I don't know how to request keywords there, only via iS, where it's doable, but in fact if the species is in the CV, the scientific name should be also - but they only update species names with scientific changes if requested to do so, so if a name has changed and no-one has requested it, it won't be under its new name.

ShadySue

« Reply #18 on: June 01, 2018, 10:30 »
0
will be amazed if we get 30% of the actual sale price, more like 30% of the royalty paid from Getty to 500px I would imagine?
No surprise there: not exactly lyin', but careful with the truth.
Same ol', same ol'.

« Reply #19 on: June 01, 2018, 11:57 »
0
will be amazed if we get 30% of the actual sale price, more like 30% of the royalty paid from Getty to 500px I would imagine?
No surprise there: not exactly lyin', but careful with the truth.
Same ol', same ol'.

All my 500px photos are already with iStock.

It will be interesting to see how much better the RPD of the 500px collection will be, compared with the crappy iStock RPD, and how much lower than what I get today directly from 500px (similar to Alamy, if not better)
« Last Edit: June 01, 2018, 12:00 by Zero Talent »

« Reply #20 on: June 01, 2018, 14:19 »
0
will be amazed if we get 30% of the actual sale price, more like 30% of the royalty paid from Getty to 500px I would imagine?

Absolutely.  Nobody is going to be getting 30% of the sales.  It will be 30% of 500pxs negotiated cut, so 30% of 25% (or whatever they negotiate), so maybe %8 of the sales price?  Can you cut $.02 into that small a piece? Lol.

Yes you can cut $.02 into that small a piece... the parasites at Getty Images do it all the time it is called $.00

« Reply #21 on: June 01, 2018, 14:29 »
+3
Visual China Group... they did an amazing job when they took over Veer in 2016.  What could possibly go wrong? 

PZF

« Reply #22 on: June 05, 2018, 02:23 »
0
Hmmm...can't go much lower. I've basically abandoned Marketplace but some images remain. Last year, 3 sales in total for:
$10.20
$1.72
$0.45.



 

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