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Author Topic: Bruce, Our Knight in Shining Armor? Stocksy Co-op  (Read 37647 times)

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« Reply #25 on: February 07, 2013, 08:34 »
0
Very exciting.


« Reply #26 on: February 07, 2013, 08:35 »
+2
Interesting but nothing to say that he won't be a sellout again. 

« Reply #27 on: February 07, 2013, 08:40 »
0
This really is interesting news - I'm very curious to see who the "chosen" photographers are going to be and how successful the venture as such will be.

When creating IStockPhoto, Bruce obviously was the right person in the right place at the right time. While he still may be the right person, I'm not sure that time and place are right for yet another stock agency. The model may be new from the contributor's side (co-op and highest payout and whatnot), but I think it needs similar radical ideas on the buyer's side to attract enough traffic and customers. In any case something to look forward and observe with interest  :)

« Reply #28 on: February 07, 2013, 08:40 »
+2
Don't fear the sell-out at this point!!! We need this now so lets be positive and change the industry! 50/50 sounds good to me!

« Reply #29 on: February 07, 2013, 08:42 »
+5
Interesting but nothing to say that he won't be a sellout again. 

It's a Co-op - owned by the members who are involved.  He can't sell what he doesn't own.  At least that's the message I get from the splash page.
Or in other words, he IS selling out, but he is selling what he has built to the artists themselves.

« Reply #30 on: February 07, 2013, 08:45 »
+11
Look, I would leave istock for this project.  Istock is looking to pay pennies to its contributors and doesn't even like the 80/20 split.

A co-op is what I mentioned as the only saving grace for the contributors.  It can't be sold by one owner.  Bruce lost 1 billion dollars selling when he did and I doubt he would do it again if he had the chance. 

Something needs to challenge getty and it's not SS or the lot. 

  I would jump ship today!!

« Reply #31 on: February 07, 2013, 08:51 »
+7
Interesting but nothing to say that he won't be a sellout again.

Even if he did, at minimum this could be a disruptive model to turn around the pattern of how contributors are being treated elsewhere.

But Bruce started something when nothing existed. Now there are a small group of sites with a stranglehold on the industry. He will need to come up with something pretty amazing to break back in and get decent market share.
« Last Edit: February 07, 2013, 09:15 by PaulieWalnuts »

EmberMike

« Reply #32 on: February 07, 2013, 08:55 »
+12
LOL

I love the choice of phrase 'Sustainable Stock'!

That can't be a coincidence.  Hilarious!


That was the first thing I thought as well. Love the choice phrase!

:)

Interesting but nothing to say that he won't be a sellout again.

I hate that people talk about guys like Bruce and the StockXpert guys as "sellouts". They made good deals, and at the time of the deals they had no reason to believe that their companies would be dismantled by Getty.

Any one of us would have done the same things they did if we were in those positions. You'd be a fool if you didn't. It was good value for the company at the time.

« Last Edit: February 07, 2013, 09:00 by EmberMike »

« Reply #33 on: February 07, 2013, 08:59 »
0
This is exciting news!  With the benefit of experience behind him - good and bad - he has the potential to create a win win for contributors and buyers, and bring back the fun and inspiration that stock photography once was.

EmberMike

« Reply #34 on: February 07, 2013, 09:02 »
0
Anyone know if it's only photos? Or will there also be illustration, video, etc.

Hope t will be open to non-photographers as well. Probably starting out with just photographers, but hopefully that will change as they grow.

« Reply #35 on: February 07, 2013, 09:02 »
+14
A co-op would have the very unique advantage of having every photographer advertising like crazy for it.  it is great that we all have our own sites but we are all working independent of each other.  If we were all part of a co-op it would be a massive advertising octopus with many many arms.

A co-op type agency would also appeal to other creatives in the industry as a great place to shop for images - ethically sourced.

Microbius

« Reply #36 on: February 07, 2013, 09:04 »
+6
I haven't been one of Bruce's fan boys in the past, he sold to Getty when Getty had a very long standing reputation for treating their contributors like dirt, but I am prepared to give this project a chance. It stands a good chance of success because a lot of people do have faith in him, and hopefully  the coop model will prohibit another sell out.
Maybe he realizes what Getty did to his baby, and is making amends. In any case, I would give him a second chance.

« Reply #37 on: February 07, 2013, 09:11 »
0
I haven't been one of Bruce's fan boys in the past, he sold to Getty when Getty had a very long standing reputation for treating their contributors like dirt, but I am prepared to give this project a chance. It stands a good chance of success because a lot of people do have faith in him, and hopefully  the coop model will prohibit another sell out.
Maybe he realizes what Getty did to his baby, and is making amends. In any case, I would give him a second chance.
I hope you're right. With all that's gone on, I'm still skeptical that he truly has photophers' best interests at heart and not just his wallet's. The funny thing is, he probably could've ended up making way more had he brought iStockphoto public instead of selling out to Getty. I have little respect for him.

aspp

« Reply #38 on: February 07, 2013, 09:12 »
0
will need to come up with something pretty amazing to break back in and get decent market share.

Surely a prestige collection ? But I cannot imagine many of the top end risking jumping ship unless some sort of solid distribution deal has already been negotiated, maybe with GI. Unless it is some version of RM (single use perhaps).

Bon courage to all those involved but never saying anything.

« Reply #39 on: February 07, 2013, 09:20 »
+12
C'mon folks! If someone offered you $50 million for your website which one of you would have turned it down? Nobody.

Plus, if he didn't sell out he may not have enough money to do something like a Stocksy.

« Reply #40 on: February 07, 2013, 09:24 »
+2
I haven't been one of Bruce's fan boys in the past, he sold to Getty when Getty had a very long standing reputation for treating their contributors like dirt, but I am prepared to give this project a chance. It stands a good chance of success because a lot of people do have faith in him, and hopefully  the coop model will prohibit another sell out.
Maybe he realizes what Getty did to his baby, and is making amends. In any case, I would give him a second chance.
I hope you're right. With all that's gone on, I'm still skeptical that he truly has photophers' best interests at heart and not just his wallet's. The funny thing is, he probably could've ended up making way more had he brought iStockphoto public instead of selling out to Getty. I have little respect for him.

What we know:
Co-opt.
50%
100% on ELs

An history of efficiency and care for the photographers.

Maybe you respect more who pays around 20% and can change the rules at will.


« Reply #41 on: February 07, 2013, 09:24 »
+1
C'mon folks! If someone offered you $50 million for your website which one of you would have turned it down? Nobody.

Plus, if he didn't sell out he may not have enough money to do something like a Stocksy.
If I had the opportunity to continue expanding on what I'd created, not sell out to a company that has a long standing history of screwing over its photographers, and raise even more money through an IPO, then no I wouldn't. 

« Reply #42 on: February 07, 2013, 09:33 »
+8
I believe at the time Bruce wanted more time with his family, you can't put a price on that! so I forgive him and move on! This is fresh air people!

« Reply #43 on: February 07, 2013, 09:38 »
+1
Put me down as someone who would like an invite. (in case he's reading this thread)

« Reply #44 on: February 07, 2013, 09:42 »
+1
Would be good to get an invite.  Never liked sitting outside in the cold :)

« Reply #45 on: February 07, 2013, 09:46 »
0
Very interesting news. Seeing that, even the post about the announcement of Stocksy is removed from the facebook page of IS (istockphoto only), somebody is in panic I think.

« Reply #46 on: February 07, 2013, 09:48 »
+1
bitter has no longer a folder at istockphoto. I knew he had left exclusivity, but I ignore when he deleted his is portfolio.

« Reply #47 on: February 07, 2013, 10:07 »
0
The fact that it is a co-op would imply artist exclusivity..... No?

Microbius

« Reply #48 on: February 07, 2013, 10:20 »
+1
The fact that it is a co-op would imply artist exclusivity..... No?
No reason to think that particularly.
They will properly offer image exclusivity, but artist exclusivity? I doubt it will be the case from the outset, most couldn't afford it

« Reply #49 on: February 07, 2013, 10:25 »
+3
The Great Pumpkin is finally here!  ::)

I hope he puts something good together, but I have trouble not being a little skeptical.


 

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