Agency Based Discussion > Canva
Canva "Good News"
Sean Locke Photography:
Now they want to give contributors a percentage of the "sales price", which of course translates to more royalties for you. :(
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We’re writing to you to let you know about some changes that Canva is making to its contributor agreement. These changes come off the back of some exciting news - Canva has launched in China! We’ll be ramping up our operations there over the next several months. Once we’ve got the product up and running and have a strong customer base we’ll be launching our contributors’ images for licence. That means another huge market where your images can generate royalties.
We’ll also be changing our pricing model so we can charge our customers in their local currency. This will remove significant resistance to licence purchasing and translate to more royalties for you. Your royalty rate will still be 35% of the sale price in that jurisdiction, and your royalties will still be paid in USD.
Jo Ann Snover:
--- Quote from: Sean Locke Photography on November 06, 2018, 03:12 ---...Once we’ve got the product up and running and have a strong customer base we’ll be launching our contributors’ images for licence....
--- End quote ---
So the product will initially not have contributors' images available? Just Getty's 37 million+ images?
Anything about how and when the conversion to USD from local currency will happen? I'm sure you recall several agencies playing games with currency conversion rates and timing...
Mir:
Does this mean that they will decrease the sale price?
Noedelhap:
Why do they need to 'change their pricing model' for a simple conversion to another currency like CNY? Does China get lower prices than the rest of the world, and if so, why?
stockmarketer:
Haven't paid much attention to Canva in a while. I just know that I could count on them for a pretty consistent $300/month, but so far November is on track to do about $100. Not sure if this already reflects the "Good News" changes. Exciting! :(
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