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Microstock Photography Forum - General => General Stock Discussion => Topic started by: melastmohican on October 27, 2008, 18:35

Title: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: melastmohican on October 27, 2008, 18:35
Corbis executives said that the stock licensing industry will decline over the next four years, and the company will cut the royalty rate it pays most rights-managed contributors.
Read more: Corbis to Cut Royalty Rate (http://www.pdnonline.com/pdn/content_display/photo-news/photojournalism/e3ia353f77f11f28ab9bbc5a67cfad15f35)



Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: sharpshot on October 27, 2008, 18:48
I can't understand why they haven't done more with snapvillage.  If microstock is taking away some of the business from Corbis, it would make sense to have a decent miscrostock site to compete with istock.  So far they have failed to fix the problems that are holding back SV.
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: Phil on October 27, 2008, 20:27
I can't understand why they haven't done more with snapvillage.  If microstock is taking away some of the business from Corbis, it would make sense to have a decent miscrostock site to compete with istock.  So far they have failed to fix the problems that are holding back SV.

yep,  I've made more at albumo than sv this month (not that I contribute to either anymore), somehow I dont see sv ever really making it (just my opionion :))
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: PeterChigmaroff on October 27, 2008, 23:15
I think C and G are doing micro because they have to not because they want to. Their hearts aren't in it and for good reasons. I believe they still make a lot more from the macro side but sales are declining. Combine all this with a week economy and it makes for an uncertain future. I'd like to see both sides survive and flourish. It only makes sense. A strong macro market only helps to place a higher value on images and would only help elevate prices.
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: sharpshot on October 28, 2008, 02:37
I want to see a strong macro market but it is obvious that some buyers are moving to microstock and Corbis should have a good site to stop them going to their competitors.  A few small changes and SV could be a good site but nothing has been done for months.  At the moment it looks like they want the site to fail.  They need to stop downsizing our images, introduce FTP and increase the ratio of pay per download sales.  I don't understand why they can't do that.
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: Jimi King on October 28, 2008, 05:10
And fix the keywords problem for Irfanview users and make it easier to see what your earnings are
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: sharpshot on October 28, 2008, 05:58
The keyword issue is strange as I use irfanview and have had no problems.
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: Jimi King on October 28, 2008, 06:41
I've found that it works on some and not on others. I just delete the uploads that it fails to pick up on.

I'm not keywording manually. Sales aren't exactly through the roof. When they try harder I might do likewise.
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: GeoPappas on October 28, 2008, 06:46
Corbis executives said that ... the company will cut the royalty rate it pays most rights-managed contributors.

And what are the odds that those same executives will reduce their salaries as well???
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: PaulieWalnuts on October 28, 2008, 07:45
Not only will their salaries not get reduced but when the company goes under they'll get a "bonus" of millions of dollars for doing such a great job.
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: grp_photo on October 28, 2008, 07:51
They cut down RM-commissions to 40%. Considering the more administration work you have with RM compard to RF i think its fair. So no complaints here but i wish they would stay more competetive IMHO they should have bought Jupiter and give StockXpert a real boost. I don't like Getty, Corbis is much more contributor-friendly and yes its owned by Bill Gates and i think this is a good thing he has all reason to care about copyright and intellectual property!
Title: Re: Hard Times for Stock Continue: Corbis to Cut Royalty Rate
Post by: GeoPappas on October 28, 2008, 09:50
Corbis is ... owned by Bill Gates and i think this is a good thing he has all reason to care about copyright and intellectual property!

Bill Gates has retired from Microsoft.  With all of the money that he has, I doubt that he cares much about business at all these days.