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Author Topic: Wanting to Purchase Stock Video Copyright  (Read 19351 times)

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« Reply #25 on: September 09, 2013, 16:33 »
+2
see I was right.. someone who asks for rights of your content is never prepared to pay it's proper value..

because If they do, there is no way they profit.. :)

The monetary value of anything is only what someone else is prepared to pay.
« Last Edit: September 09, 2013, 16:40 by TheEngineer »


« Reply #26 on: September 09, 2013, 16:42 »
0
see I was right.. someone who asks for rights of your content is never prepared to pay it's proper value..

because If they do, there is no way they profit.. :)
How were you right?  He didn't say how much he was paying because obviously that depends on the content for sale.   You said last time I explained this that you understood how it's possible to work but a couple hours later you are saying again how there's no way to profit if proper value is paid. 
If my portfolio will make $300,000 over the next ten years does that mean that the proper value of it is $1 million, $300,000, or what?  Say I need money now or I could take $200,000 today and reinvest that money into making more over the next ten years.  There are many ways that both parties can profit off selling a portfolio.   Selling your portfolio gets you real money now as opposed to potential or possible money later on.
I don't really understand the negativity about this, if both sides agree on an amount of money that is beneficial to each side then what's the problem?

totally agree! just need to find a buyer :)

« Reply #27 on: September 09, 2013, 16:45 »
-3
see I was right.. someone who asks for rights of your content is never prepared to pay it's proper value..

because If they do, there is no way they profit.. :)

The monetary value of anything is only what someone else is prepared to pay.

I agree and I don't think you are prepared to pay what tickstock or luis would have liked to receive.. it's just a feeling..

I can write what I feel, right?  :D

« Reply #28 on: September 09, 2013, 16:51 »
-3
see I was right.. someone who asks for rights of your content is never prepared to pay it's proper value..

because If they do, there is no way they profit.. :)
How were you right?  He didn't say how much he was paying because obviously that depends on the content for sale.   You said last time I explained this that you understood how it's possible to work but a couple hours later you are saying again how there's no way to profit if proper value is paid. 
If my portfolio will make $300,000 over the next ten years does that mean that the proper value of it is $1 million, $300,000, or what?  Say I need money now or I could take $200,000 today and reinvest that money into making more over the next ten years.  There are many ways that both parties can profit off selling a portfolio.   Selling your portfolio gets you real money now as opposed to potential or possible money later on.
I don't really understand the negativity about this, if both sides agree on an amount of money that is beneficial to each side then what's the problem?

I did, and still do understand :)

but your evaluation of today will not match the projected results for 2 years from now.. I am not saying you can't profit.. you definitely can (If you get the amount you asked for)

when I said there is no way to profit I meant for the buyer.. for him to profit, he would have to seriously underpay you..

let's say you received a sum equal to your 5 years revenue.. if he pays that, he won't make it back in 5 years.. it's gonna take longer considering that images do not sell as good in their 2nd year, compared to 1st year.. and they are going to sell less and less every year..

if he pays you 5 years, he is lucky if he can make it back in 15 years.. if he can wait that long, o yeah, he can profit.. but I don't think the OP is willing to wait 15 years after paying you 5 year worth of earnings..

« Reply #29 on: September 09, 2013, 16:56 »
+1
see I was right.. someone who asks for rights of your content is never prepared to pay it's proper value..

because If they do, there is no way they profit.. :)

The monetary value of anything is only what someone else is prepared to pay.

I agree and I don't think you are prepared to pay what tickstock or luis would have liked to receive.. it's just a feeling..

I can write what I feel, right?  :D

Of course you can write what you feel, within whatever rules the owner of the forum decides to set.

Why do some people in the US who win the lottery choose to take a smaller lump sum in one payment than the full amount over 20/25 years? Some people prefer the certainty of cash up front.

TE
« Last Edit: September 09, 2013, 17:05 by TheEngineer »

« Reply #30 on: September 09, 2013, 17:05 »
-1
see I was right.. someone who asks for rights of your content is never prepared to pay it's proper value..

because If they do, there is no way they profit.. :)

The monetary value of anything is only what someone else is prepared to pay.

I agree and I don't think you are prepared to pay what tickstock or luis would have liked to receive.. it's just a feeling..

I can write what I feel, right?  :D

Of course you can write what you feel, within whatever rules the owner of the forum decides to set.

Why do some people in the US choose to take a smaller lump sum in one payment than the full amount over 20/25 years? Some people prefer the certainty of cash up front.

TE

either you insist on not getting my point or I should have said it better :)

you are right again.. I agree.. some people indeed prefer the cash up front.. but there is no way for you to profit, unless you underpay the content owner.. because if you trust on "past" sale performance and think it's going to sell as good in the next five years as it was in the last five years, then you go bankrupt..

just to add to injury, there is no guarantee that this business will be on high demand in the next 5 years as it was in the last five years..

it's a big risk and requires for you to "seriously underpay" the current owner..

« Reply #31 on: September 09, 2013, 17:16 »
+2
see I was right.. someone who asks for rights of your content is never prepared to pay it's proper value..

because If they do, there is no way they profit.. :)

The monetary value of anything is only what someone else is prepared to pay.

I agree and I don't think you are prepared to pay what tickstock or luis would have liked to receive.. it's just a feeling..

I can write what I feel, right?  :D

Of course you can write what you feel, within whatever rules the owner of the forum decides to set.

Why do some people in the US choose to take a smaller lump sum in one payment than the full amount over 20/25 years? Some people prefer the certainty of cash up front.

TE

either you insist on not getting my point or I should have said it better :)

you are right again.. I agree.. some people indeed prefer the cash up front.. but there is no way for you to profit, unless you underpay the content owner.. because if you trust on "past" sale performance and think it's going to sell as good in the next five years as it was in the last five years, then you go bankrupt..

just to add to injury, there is no guarantee that this business will be on high demand in the next 5 years as it was in the last five years..

it's a big risk and requires for you to "seriously underpay" the current owner..

Sorry cidepix I think it is you who are missing the point.

As you yourself say I am taking a risk by buying a portfolio. If I make an offer to a seller and they think it is not enough then they take a risk that sales fall over the next few years.

If a buyer and a seller agree a price then that is the value of the portfolio. You might value your portfolio at 50 years of income but if no-one will pay that price then it is not worth 50 years of income to anyone other than you.

Of course other factors (such as emotion) come in to play. I have a watch that would sell for $100 if I put it on Ebay. It belonged to my dead grandfather and so the watch is "worth" far more than $100 to me in sentimental value.

« Reply #32 on: September 09, 2013, 17:31 »
-2
yes I am emotional about my work.. I don't like the idea of selling exclusive rights..

btw, you can't buy/sell copyrights, as the creator of the content will not change with a transaction.. you can buy/sell exclusive commercial rights..

the content creator can always claim s/he is the creator of the content as long as s/he has proof for it..
« Last Edit: September 09, 2013, 17:40 by cidepix »

« Reply #33 on: September 09, 2013, 17:43 »
+1
yes I am emotional about my work.. I don't like the idea of selling exclusive rights..

I had realised that  ;D

btw, you can't buy/sell copyrights, as the creator of the content will not change with a transaction.. you can buy/sell exclusive commercial rights..

the content creator can always claim he is the creator of the content as long as s/he has proof for it..

Actually you can under the concept of "work for hire" (US Law - United States Copyright Act 1976)

TE

« Reply #34 on: September 09, 2013, 17:50 »
+7
stock portfolios are bought and sold 'all the time'.  All the time in quotes as it isn't literally 'all the time' but it certainly isn't uncommon.  How did Getty get so much wholey owned content? 

MonkeyBusiness sold all their old content (before they started in microstock) to Getty (Bananastock) and did very well.

It's just a matter of a buyer and seller agreeing on what the port. is worth.  The buyer is taking the risk of the industry going downhill and pays less for the content because of that.  If it was a guaranteed income stream then it would be more like a term deposit where 30 years income is more on par.  The more risk the less X-income that anyone is willing to risk. 

Same deal with buying and selling websites.  You'd think someone is crazy to sell a site making $2000/month but the income is pretty risk and can stop in a day if google changes things.  10-24x monthly income is pretty par for the course.  Stock photos wouldn't be too different.

« Reply #35 on: September 09, 2013, 17:54 »
-1
that's more like selling commercial rights..

http://www.ipo.gov.uk/types/copy/c-manage/c-useenforce/c-use/c-sell.htm
"You should note that with certain copyright material even if the creator sells the copyright in the work they will still have moral rights. This means that for instance the creator will still have the right to be identified as the author (providing he had claimed that right previously) and to object to any derogatory treatment of the work.  Moral rights in a work can not be transferred or 'assigned' but a creator is entitled to waive those rights."


so yes, you can buy/sell, but will never really own it as the original creator did.. I didn't read the US copyright act.. this is a UK site.. so I am not sure how much they differ..

« Reply #36 on: September 09, 2013, 17:58 »
0
http://www.copyright.gov/title17/92chap2.html

Quote
(b) Works Made for Hire. In   the   case   of   a   work   made   for   hire,   the   employer or other person for whom the work was prepared is considered the author for purposes of this title, and, unless the parties have expressly agreed otherwise in a written instrument signed by them, owns all of the rights comprised in the copyright.


Quote
(1) The ownership of a copyright may be transferred in whole or in part by any means of conveyance or by operation of law, and may be bequeathed by will or pass as personal property by the applicable laws of intestate succession.

« Reply #37 on: September 09, 2013, 18:04 »
-1
Quote
(b) Works Made for Hire. In   the   case   of   a   work   made   for   hire,   the   employer or other person for whom the work was prepared is considered the author for purposes of this title, and, unless the parties have expressly agreed otherwise in a written instrument signed by them, owns all of the rights comprised in the copyright.

- this is true if the person who created the content was your employee or you hired him to create the content for you..

which does not directly apply to buying/selling stock portfolios.. so if you bought luis' work, he would still remain the creator of the content..

if he was your employee and created the work while working for you, then you could say that you created the content..

but now you can't.. because he was previously known as the creator of the content and that doesn't change with copyright transfer..

« Reply #38 on: September 09, 2013, 18:15 »
0
Quote
Although in most cases the economic and moral rights
belong to the person who creates the work (see pg 8 ), copyright is a form of property, which, like physical
property, can be sold, bought, inherited or otherwise
transferred, wholly or in part. A copyright owner can do a
lot with their copyright.


http://www.ipo.gov.uk/c-essential.pdf

« Reply #39 on: September 09, 2013, 18:28 »
0
Quote
Although in most cases the economic and moral rights
belong to the person who creates the work (see pg 8 ), copyright is a form of property, which, like physical
property, can be sold, bought, inherited or otherwise
transferred, wholly or in part. A copyright owner can do a
lot with their copyright.


http://www.ipo.gov.uk/c-essential.pdf


I don't disagree with your points.. there is a reason you pay money for the content so you should have all the economic rights..

all I am saying is that the creator does not change, but all others rights can of course be sold or transferred..

I wonder what getty calls their MonkeyBusiness collection?

edit: I guess it's Bananastock as I see on leaf's post.. so they acknowledge the original creator even though they bought it..
« Last Edit: September 09, 2013, 18:31 by cidepix »

« Reply #40 on: September 09, 2013, 18:33 »
0
Quote
Although in most cases the economic and moral rights
belong to the person who creates the work (see pg 8 ), copyright is a form of property, which, like physical
property, can be sold, bought, inherited or otherwise
transferred, wholly or in part. A copyright owner can do a
lot with their copyright.


http://www.ipo.gov.uk/c-essential.pdf


I don't disagree with your points.. there is a reason you pay money for the content so you should have all the economic rights..

all I am saying is that the creator does not change, but all others rights can of course be sold or transferred..

I wonder what getty calls their MonkeyBusiness collection?

edit: I guess it's Bananastock as I see on leaf's post.. so they acknowledge the original creator even though they bought it..


I'm guessing they keep that simply because people know the brand.  Old buyers want bananastock images and have been customers a lont time.  They'll follow the brand to the new store house.

« Reply #41 on: September 09, 2013, 18:36 »
+1
Quote
Although in most cases the economic and moral rights
belong to the person who creates the work (see pg 8 ), copyright is a form of property, which, like physical
property, can be sold, bought, inherited or otherwise
transferred, wholly or in part. A copyright owner can do a
lot with their copyright.


http://www.ipo.gov.uk/c-essential.pdf


I don't disagree with your points.. there is a reason you pay money for the content so you should have all the economic rights..

all I am saying is that the creator does not change, but all others rights can of course be sold or transferred..

I wonder what getty calls their MonkeyBusiness collection?

edit: I guess it's Bananastock as I see on leaf's post.. so they acknowledge the original creator even though they bought it..


Absolutely, the creator does not change, but the copyright can be bought and sold.

Noedelhap

  • www.colincramm.com

« Reply #42 on: September 13, 2013, 17:58 »
0
How much would you be willing to pay for 6 freshly produced cg video files that haven't garnered any sales yet?

« Reply #43 on: September 14, 2013, 03:04 »
0
How much would you be willing to pay for 6 freshly produced cg video files that haven't garnered any sales yet?

Prefer to look at existing portfolios with sales but I would look at the material based on what it would cost me to get it produced on a "work for hire" basis.

PM more details if you like.

« Reply #44 on: November 12, 2014, 13:01 »
+1
Just thought I would give this a little bump!

I have now purchased several portfolios and have a contract drawn up by my lawyer to cover the sale / purchase.

I am principally interested in buying portfolios of videos and usually pay around 2 years worth of sales income.

PM me if interested.

Thanks

TE

« Reply #45 on: November 16, 2014, 09:55 »
0
Just thought I would give this a little bump!

I have now purchased several portfolios and have a contract drawn up by my lawyer to cover the sale / purchase.

I am principally interested in buying portfolios of videos and usually pay around 2 years worth of sales income.

PM me if interested.

Thanks

TE

It sounds interesting, are you buying CG animation portfolio?
I've sent you PM via P5 by the way.

foxtrotcommando

« Reply #46 on: November 24, 2014, 12:34 »
0
It's definitely tempting, but I think I can market my content well enough. I also don't have a large portfolio yet, but I might contact you in a few months if you're still interested!

« Reply #47 on: March 20, 2015, 08:59 »
0
I am principally interested in buying portfolios of videos and usually pay around 2 years worth of sales income.

In the last two years I bought 5 microstock portfolios, and I also bought them for 2 years worth of sales incomes based on the last year's revenue. (sometime it ends up 3 years when less profitable).

Many who sells wants either:
- Out of this business: They cash out and invest in new opportunities which gives them 2 years to start something they like to do more, or is more profitable.
- Want to buy new equipment, and redo a better and higher quality portfolio. When I buy, I base myself on the income it generates more than on the quality of the work. However creators sometimes don't like what they produced 4 years ago, and wish to do a new start with high end equipment.
- Cash out and develop and start a new business.

I currently have an offer from a company who has 50k high end vector illustration in a selected, and generates 150k to 200k income yearly. Even if it's profitable they still wish to cash out and spend time in new technologies development like video streaming on demand.

Whoever wish to sell has their own reasons. We buy the copyrights of the files so that we can continue generating income from there. We take some risk but in the we trust Microstock will not change drastically in the 2-3 years following the transaction to start making profit.

If you are interested in an exit from this business and wish to negotiate the sale of your portfolio you can contact me in PM. I would love to have a Photo portfolio, but I will also buy Video or Illustrations portfolio. I prefer portfolios who generates from 1500$ to 5000$ per month and will pay from 2 to 3 years income depending on possibility to expand the portfolio through other sites or not (if the portfolio is submitted to all main sites or not).

Thanks!


 

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