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Author Topic: Confirmed: VCG will acquire Corbis  (Read 17790 times)

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« Reply #25 on: January 23, 2016, 01:47 »
0
Help needed on this corbis/getty thing:

I've been on Corbis for 14 months (and ONLY corbis), using my dad's old photojournalism work (editorial content), with some modest success.

This takeover has me very nervous, since I've heard so much about Getty paying pennies to contributors (using their subscription approach, partners, etc.). I'm trying to sort out whether it is really that bad. Trying to decide whether to delete the portfolio from Corbis (and how does one do that anyway?) and try to use other stock companies (slim pickins for editorial content of this type), or move to Getty (assuming I am asked) and hope for the best.

I know that only I can decide this, but any other viewpoints or insights are really needed here. This is causing me much turmoil.


Justanotherphotographer

« Reply #26 on: January 23, 2016, 02:12 »
+9
It's not news that Jonathan Klein is a miserable [delete lots of bad words & thoughts], but this tweet about the Corbis acquisition is just hateful:

https://twitter.com/JonathanDKlein/status/690559911252471808

"Almost 21 years but got it. Lovely to get the milk, the cream, cheese, yoghurt and the meat without buying the cow."
.....
What a fantasist. Has he looked at his books lately? Getty doesn't  even own Getty anymore.

« Reply #27 on: January 23, 2016, 02:50 »
+2
I'm on Veer the site has been dead for months so I'm struggling to see what the downside could be.......on the other hand is there an upside?

U11


« Reply #28 on: January 23, 2016, 14:34 »
+7
I'm struggling to see what the downside could be
VCG is Visual China Group  and my experience with  copyright enforcement in china is negative. I am also not very optimistic regarding business transparency

« Reply #29 on: January 23, 2016, 17:04 »
0
It's not news that Jonathan Klein is a miserable [delete lots of bad words & thoughts], but this tweet about the Corbis acquisition is just hateful:

https://twitter.com/JonathanDKlein/status/690559911252471808

"Almost 21 years but got it. Lovely to get the milk, the cream, cheese, yoghurt and the meat without buying the cow."
.....
What a fantasist. Has he looked at his books lately? Getty doesn't  even own Getty anymore.
He was dreaming about it for 21 years? Well...  :-\

« Reply #30 on: January 24, 2016, 12:59 »
0
I'm eager to find out what they're going to do with Veer.  Hopefully they will be proactive and improve the sites functionality for customers and contributors.  Hopefully they will add other improvements like a partner program opt out and upload self delete function. 

I've decided to stop uploading until I learn what their plans are.  No sense investing additional time until I have the information needed to decide if my portfolio is staying or leaving.   



« Reply #31 on: January 24, 2016, 13:15 »
0
Getty will distribute VCG images outside China, therefore Getty controls Corbis images to a certain degree. I think this is what he meant.

stock-will-eat-itself

« Reply #32 on: January 24, 2016, 14:45 »
+1
Trouble for SS's corporate accounts, now way can they offer the same breadth of images as Getty now.

Can't see how Offset will survive this in the next few years.

« Reply #33 on: January 24, 2016, 14:53 »
+3
A lot of the content on getty and corbis is very old. Unless you really need images of people holding brick smartphones, offset will always have the advantage that it is a more modern collection. They can also supply volume from the 700 000 files a week from Shutterstock if they want and still be more up to date.

The main advantage I see is gettys editorial section.

That is a huge market of buyers that need fresh content every day and of course they also buy their creative content on getty because it is a one stop shop.

At least with photos they can offer the whole package.

Video is different, a lot of good video content is not on getty because they don't pay enough.

We will see what Shutterstock and Adobe will do. Both have much better software skills and a lot more money to spend on development and marketing.

stock-will-eat-itself

« Reply #34 on: January 24, 2016, 17:44 »
+1


It's a myth that the Getty and Corbis collections are stagnating, plenty pro shooters providing lots of contemporary content. The micro libraries are more at risk of stagnation with no editorial control and endless carbon copies of the same themes.

« Reply #35 on: January 24, 2016, 21:21 »
0


It's a myth that the Getty and Corbis collections are stagnating, plenty pro shooters providing lots of contemporary content. The micro libraries are more at risk of stagnation with no editorial control and endless carbon copies of the same themes.

Yes the old editorial from Getty and Corbis is a big exclusive collection. How many people want that over endless modern carbon copies? Two different markets, don't bother to compare old editorial against new RF Micro. I don't think this will change anything I have for sale, it's mostly old archives, low demand.

« Reply #36 on: January 24, 2016, 23:29 »
+1
That didn't take long. Everyone got the "Corbis, VCG, Getty Images & You!" email?

Fun

The FAQ link doesn't work, so good start


it works for me
http://www.corbisimages.com/content/corbisfaq/

but they didn't cite Veer contributors clearly.


Justanotherphotographer

« Reply #37 on: January 25, 2016, 03:14 »
0
Yup. It's up now.

« Reply #38 on: January 25, 2016, 04:30 »
0


It's a myth that the Getty and Corbis collections are stagnating, plenty pro shooters providing lots of contemporary content. The micro libraries are more at risk of stagnation with no editorial control and endless carbon copies of the same themes.

I is not about comparing getty macro and the micros, but Offset and Getty or if Offset can offer their customers a valuable, hand picked collection.

The macros always have better quality content because they also select by style. On Getty especially they have many differently themed and very well put together collections that save the customer a lot of time.

However the pro shooters for macro dont provide the fresh volume and choice you can finde on the micros. That is why the istock exclusive collection like vetta were so successful. Very high quality, very fresh, lots of providers from around the world, much more modern than the regular collection on getty.

It is also the reason Getty works with so many partners, takes content from blendimages, tetra etc...because their own shooters dont provide enough volume and variety of content.

I dont know the percentages, but I wouldnt be surprised if the majority of content you see on getty comes from outside sources, they are more like a marketplace than just an agency.

Nothing wrong with that and if it was run in a different way, i would be applauding them and hoping they become the next ebay or amazon. Actually I did believe they would at one time...but then...anyway...

The successful content on the micros is being produced by the exact same studios that provide the macros, there is no big difference. You just have to look much harder on the mciros because their collections are not filtered.

But Getty also provides their customers with options, where they can have all content from both micro and macro included. So even as an indie I can (rarely) have gettyimages sales.

Offset and Adobe have the same artists like Getty and Corbis. But with more money for development and marketing, I wouldnt be surprised if they build something really interesting.

But for Getty this deal is very helpful for negotiating fresh money and give themselves maybe another year of survival. Because with those horrible debts, they are still severely restricted in what they can do.

Personally I wouldnt mind if all three - Adobe, getty, SS all survive as marketplaces and develop their own unique advantages. I think the world is big enough and as an artist I appreciate choice to stay independent.

« Reply #39 on: January 25, 2016, 05:51 »
0
You just have to look much harder on the mciros because their collections are not filtered.

I spent much of last week, on and off, looking for potential icons. Finally I gave gave up. The biggest issues - keyword spam and out of date style from the skeuomorphic era. Or, worse, comedy.

It's a while since I searched for photos - but it is becoming increasingly difficult to find good icons under the mountain of old fashioned spammed content. It's as if the sites have given up putting the contemporary stuff in front of the search or editing the keywords for relevance.
« Last Edit: January 25, 2016, 06:19 by bunhill »

« Reply #40 on: January 25, 2016, 05:58 »
+1
I aree and i dont understand why they are not working on crowd based collection building. I would then just subscribe to my favorite collector the way i subscribe to someones feed on pininterest. Saves me a lot of time and some people just love going through all the new stuff.

Actually I am surprised Adobe hasnt bought pininterest yet. Getty would need a partner to do it for them like with corbis, they wouldnt have the funds to do it themselves.
« Last Edit: January 25, 2016, 06:11 by cobalt »

« Reply #41 on: January 25, 2016, 06:17 »
0
Actually I am surprised Adobe hasnt bought pininterest yet.

Pinterest is never going to be about selling images. It's potentially about using images to sell actual stuff - but mostly it is about propagating brand awareness. And the margins, if they exist, are going to be incredibly thin. Adobe, by contrast, still has an actual business.

i dont understand why they are not working on crowd based collection building.

The era when this might have had investor potential has long since passed.


« Reply #42 on: January 25, 2016, 06:44 »
0

i dont understand why they are not working on crowd based collection building.

The era when this might have had investor potential has long since passed.

But the need for it is greater than ever....I mean with 1 billion images all stock agencies will collapse by themselves. The need to crowdsource the editing is the next logical challenge ad whoever comes up with the best concept will be the leading agency in the future.

And yes, obviously pininterest in its current form is not an image marketplace, but it can utilised in an intelligent way if someone tries to think creatively. There are sometimes businesspeople who can think beyond what is already there...people with vision...

« Reply #43 on: January 25, 2016, 07:20 »
0
I agree about the need for well curated content. I disagree that Pinterest or old fashioned crowdsourcing is a viable route. The agencies need a handful of great curators - not a plethora or people working for peanuts. Quality suppliers will have great curators. That's about a return to a world of small teams of people who are paid properly and know their suppliers.

The sort of person who might be a great curator might very likely be active on tumblr or Pinterest. The same as creative people often use these as a way of gathering and storyboarding ideas. But that does not mean that Pinterest is a solution per se. And the business of selling images is not ripe for major investment in this economy.

« Reply #44 on: January 25, 2016, 07:55 »
+1
The whole point of crowd sourcing is to allow the talent to rise to the top. It is not about everybody doing the same amount of work or spreading everything evenly over 100 million people.

That is how microstock works, everyone can join, everyone can learn how to contribute but only a few people have the necessary skills and talent to become great stock artists. many professional photographers fail, because they dont have all the necessary skills.

A crowd based curation model will only work if there is also a payment system connected to sales. Because people need to create useful galleries of content that is commercially attractive.

But the crowd has all kinds of people - doctors, engineers,scientists, gardeners, fashion designers,restaurant owners. People who make a living from subjects other than photography and thus have great expertise in their given field.

The typical editor is not an expert on the modern oil drilling industry or the latest trends in local folk dance. There are too many professions, languages and cultures in the world. Even the largest agencies dont have editors for every subject.

And of course the subscribers to the galleries play an important role. The professional oil drilling engineer will immediatly recognize that a gallery of boring looking images is actually really useful and has authentic content, while the artistic editor will maybe collect drilling plattforms with sunsets...

After all this was one of the reasons microstock was so successful, not just because it is cheaper, but because it has a lot more niche and localized content, shot by real people who work in these industries.

You remove the middle man/woman and let the market interact with itself.

But you need a very and intelligent software infrastructure and also a forum or area where buyers and collectors can interact.

The money made all the difference in stock. We learnt what is actually USEFUL for the customer, as opposed to shooting what we believe is fun.

It will also be the money that makes the difference in curation.

Anyway, it is an exciting challenge and we can just sit back and watch to see what they come up with.
« Last Edit: January 25, 2016, 07:59 by cobalt »

« Reply #45 on: January 25, 2016, 08:28 »
0
Investors are increasingly tired of hearing about "crowdsourcing" && build-it-and-they-will-come cargo cult scenarios.

« Reply #46 on: January 25, 2016, 09:45 »
+1
I sent a request to Veer at the end of last year to delete my account and remove all images.  I received a boiler plate message back that my request had been received.  To date, nothing seems to have changed.  My account is still open and all images still up.  Is there something else I should do?

Under article X. of the Contributor Agreement you have the right to terminate the contract with 30 days' notice, so if you wrote at the  year end your portfolio should disappear any time now.

This deal is too shady for me, with the portfolios being shunted out to God knows how at an unknown commission rate or sale price, so I've just told them to drop me. I sent them this message which might be a handy template if others want to follow suit (not that I have taken any legal guidance on the wording):

Dear Sir or Madam,
In accordance with article X. of the Contributor Agreement I hereby notify you that I am terminating the contract between us with effect from 30 days after the date of this e-mail (Jan 25, 2016).  Please ensure that my portfolio is removed from your site and any associated sites on or before the due date.

I would be grateful if the balance of my earning could be sent to my Payoneer address.


The relevant part of the contract says:
X. Term and Termination
A. Contributor may terminate this Agreement at any time by providing Veer with thirty (30) days notice by using the Contact Us page to provide notice to Veer or byfollowing the written notice provision below.
.........

D. Upon termination of this Agreement:
(i) Veer will remove your Content from the Site within a thirty (30) day period, and
will use reasonable efforts to cause Content to be removed from the Sites of any affiliates and partners within sixty (60) days from the removal from the Site, provided, however, that Veer may retain a copy of your Content for archival and record-keeping purposes


There may be other relevant stuff in the agreement, I haven't ploughed through it all, just found the escape clause and wrote to them.


stock-will-eat-itself

« Reply #47 on: January 25, 2016, 10:28 »
0
I agree about the need for well curated content. I disagree that Pinterest or old fashioned crowdsourcing is a viable route. The agencies need a handful of great curators - not a plethora or people working for peanuts. Quality suppliers will have great curators. That's about a return to a world of small teams of people who are paid properly and know their suppliers.

That is exactly what macro agencies do now. I believe the next stage will be the continued reduction in Macro pricing so that it competes with Micro but offer customers much better content.

« Reply #48 on: January 25, 2016, 11:10 »
+4
Looks like the chinese will eventually buy getty too.

« Reply #49 on: January 25, 2016, 15:12 »
0
Does anybody know how can I log in to my Demotix account?


 

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