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Author Topic: New One month subscription plan  (Read 10589 times)

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« on: October 05, 2015, 15:41 »
+1
This subscription plan would definitely kill the few credit sales we still have.

It seems to be available in UK.  Anywhere else?

« Last Edit: October 05, 2015, 15:47 by Digital66 »


Noedelhap

  • www.colincramm.com

« Reply #1 on: October 05, 2015, 15:52 »
+6
They just put the final nail in their own coffin, then.

ShadySue

  • There is a crack in everything

« Reply #3 on: October 05, 2015, 16:10 »
+4
looks like people even stopped reacting on those kind of things.

both topics only few replies... that's the worst.

« Reply #4 on: October 05, 2015, 16:16 »
+1

ShadySue

  • There is a crack in everything
« Reply #5 on: October 05, 2015, 16:40 »
+3
http://www.microstockgroup.com/istockphoto-com/new-istock-subs-plans-this-is-what-you-earn

Thanks for the link.  Didn't know about this new subscription plan until today.

Also buried in this thread:
http://www.microstockgroup.com/shutterstock-com/spam-attack-on-ss-forum/msg432814/#msg432814

So, no real reason for buyers to buy credits, more money for Getty, much less money for us, no RCs. Talking of which, the promised RC announcement in September didn't materialise. No matter, unless they keep us at our previous levels, there's no way I'll hold on to my 30%. I've all but stopped uploading to iS anyway. Only one file uploaded in 2015 has sold via credits, and precious few from 2014. I can't even be bothered to process files I was making anyway for 75c, far less spend time or money.
« Last Edit: October 05, 2015, 17:03 by ShadySue »

« Reply #6 on: October 05, 2015, 17:21 »
+7
I don't care about IS anymore. They know its the last straw, know they are finished anyway. They hope all the thousands of rookies will remain, draining them of energy and at the same time earn a few pennies from them.

« Reply #7 on: October 05, 2015, 17:55 »
+11
http://www.microstockgroup.com/istockphoto-com/new-istock-subs-plans-this-is-what-you-earn

Thanks for the link.  Didn't know about this new subscription plan until today.

Also buried in this thread:
http://www.microstockgroup.com/shutterstock-com/spam-attack-on-ss-forum/msg432814/#msg432814

So, no real reason for buyers to buy credits, more money for Getty, much less money for us, no RCs. Talking of which, the promised RC announcement in September didn't materialise. No matter, unless they keep us at our previous levels, there's no way I'll hold on to my 30%. I've all but stopped uploading to iS anyway. Only one file uploaded in 2015 has sold via credits, and precious few from 2014. I can't even be bothered to process files I was making anyway for 75c, far less spend time or money.

With this new subscription plan, credit sales will completely disappear very soon.  Being at 25% or 45% won't be important any more.  All exclusives will be getting nothing but subscription royalties.

« Reply #8 on: October 05, 2015, 20:15 »
+15
Legally, how can they call "one month" a subscription?

« Reply #9 on: October 05, 2015, 20:48 »
+11
Those advertised amounts are in Pounds Sterling.  The non-exclusive plan works out at about $40, from which they will pay non-exclusives ten subs of 28c each, or $2.80.

That works out at a commission rate of 7%.  Or, to describe it differently, they get to keep 93% and pay their suppliers 7%.

The Exclusive numbers are a little better.  However the actual cash differences comparing credit sales and subs sales are substantial.  At the moment I believe Exclusives get between $8 and $14 for a sale.  If these subs replace credit sales (which appears to be the intention), then the maximum payment will be $2.50 per sale, and more like $1.25 on average.  So, ten sales that currently make $80 to $140 will reduce to somewhere in the range $12.50 to $25.00.


KB

« Reply #10 on: October 05, 2015, 21:33 »
+3
That works out at a commission rate of 7%.  Or, to describe it differently, they get to keep 93% and pay their suppliers 7%.
:o  :o

And it is probably even worse, because 93% / 7% assumes that every "subscriber" always downloads their maximum allotment. While most probably will, some won't for various reasons, leaving 100% of non-sales to iS / Getty.

Quote
I believe Exclusives get between $8 and $14 for a sale.
Not all exclusives. I'm at 30% commission, and my Signature sales are mostly around $7-$8, with some as high as almost $10, and others below $5. I'd guess my average is close to $7. Essential sales are obviously less, generally around $2 - $2.50.

« Reply #11 on: October 06, 2015, 13:36 »
+1
The end of credit sales in Australia too  >:( :

« Reply #12 on: October 06, 2015, 13:55 »
+1
Canada has joined the list too.
« Last Edit: October 06, 2015, 13:57 by Digital66 »

KB

« Reply #13 on: October 06, 2015, 16:50 »
0
As has the US, sort of (or at least, my area of it).

There's a banner on the iStock home page that reads: "Get a 10 image one-month subscription for as low as $40. Buy now".

However, at the moment, the page linked to by the "Buy now" link does not yet mention the 10 image option. Typical iStock / Getty.

« Reply #14 on: October 06, 2015, 16:53 »
+14
This looks like a very simple business plan - "let's screw our suppliers and take all the money for ourselves".

ShadySue

  • There is a crack in everything
« Reply #15 on: October 06, 2015, 17:03 »
0
As has the US, sort of (or at least, my area of it).

There's a banner on the iStock home page that reads: "Get a 10 image one-month subscription for as low as $40. Buy now".

However, at the moment, the page linked to by the "Buy now" link does not yet mention the 10 image option. Typical iStock / Getty.
::)
What happens if you click on the 'Plans and Pricing' link in the footer area of any iS page?

Is 'as low as $40' correct grammar in US English? Looks wrong and very downmarket* to me. It should be 'as little as'. (It says, "As low as 25" here.)
*which is the way iS is heading.

KB

« Reply #16 on: October 06, 2015, 17:24 »
0
As has the US, sort of (or at least, my area of it).

There's a banner on the iStock home page that reads: "Get a 10 image one-month subscription for as low as $40. Buy now".

However, at the moment, the page linked to by the "Buy now" link does not yet mention the 10 image option. Typical iStock / Getty.
::)
What happens if you click on the 'Plans and Pricing' link in the footer area of any iS page?

Is 'as low as $40' correct grammar in US English? Looks wrong and very downmarket* to me. It should be 'as little as'. (It says, "As low as 25" here.)
*which is the way iS is heading.
That's the same page that the banner links to.

And it's now live, showing the same pricing as the Australian page (well, except 10 Sig images are $99 USD, not $100 AUD).

« Reply #17 on: October 06, 2015, 18:18 »
0
Legally, how can they call "one month" a subscription?
Somebody - I think it was CanStock - had a one week subscription :)

It's the notion that you pay once for the right to download x images in y time period, versus paying for each image you license. x and y can be anything and still technically be a subscription.

The Dollar Photo Club comes to mind, although they were even cheaper, *and* they had rollover.

« Reply #18 on: October 06, 2015, 18:35 »
+5
And when signature files of former exclusives are sold, iStock pays $0.28 and keep more than 97% on such sales.


« Last Edit: October 07, 2015, 17:52 by Digital66 »

« Reply #19 on: October 07, 2015, 17:51 »
0
France and Germany today:

« Reply #20 on: October 07, 2015, 18:04 »
+8
Where is our fearless low royalty crusader?

« Reply #21 on: October 07, 2015, 18:06 »
+7
Soon news will be Istock/GI going out of business, their karma sucks

« Reply #22 on: October 07, 2015, 19:27 »
+6
This pseudo-sub plan sucks.  I stopped uploading videos to istock after the price cut.  This is removing any motivation to upload stills.
« Last Edit: October 07, 2015, 22:35 by trek »

« Reply #23 on: October 07, 2015, 22:09 »
+7
This looks like a very simple business plan - "let's screw our suppliers and take all the money for ourselves".

Thats been their business plan for 4-5 years now.  Just accellerating as they get more desperate.  The water is starting to simmer.  Us frogs will be boiling by January 2016, methinks. 

« Reply #24 on: October 07, 2015, 23:53 »
0
This looks like a very simple business plan - "let's screw our suppliers and take all the money for ourselves".

Thats been their business plan for 4-5 years now.  Just accellerating as they get more desperate.  The water is starting to simmer.  Us frogs will be boiling by January 2016, methinks.

I already hopped out and only have a toenail left in to see if the temperature ever gets reasonable again...

« Reply #25 on: October 08, 2015, 00:50 »
+8
This looks like a very simple business plan - "let's screw our suppliers and take all the money for ourselves".
Thats been their business plan for 4-5 years now.  Just accellerating as they get more desperate.  The water is starting to simmer.  Us frogs will be boiling by January 2016, methinks.

Very simple business plan - squeeze as much juice as they can from the lemon... whilst they can.

« Reply #26 on: October 08, 2015, 09:31 »
+3
Where is our fearless low royalty crusader?

Probably refreshing Shutterstock subscription and credit plans page to see if anything has changed.

« Reply #27 on: October 08, 2015, 09:59 »
+1
Where is our fearless low royalty crusader?
I don't think I have anything to add to this topic, it's all been said already.

Shelma1

« Reply #28 on: October 08, 2015, 11:02 »
+15
But how many hours/days will it be before you sound another false alarm about SS to distract from the continuing bad news at iS? Not many, I'd wager.

« Reply #29 on: October 08, 2015, 13:02 »
+7
7% is outrageous, I'm glad I quit uploading there a long time ago.
« Last Edit: October 08, 2015, 13:08 by Nikovsk »

« Reply #30 on: October 08, 2015, 13:04 »
+9
This scam might bring them some extra cash in the short term but it will mean the end of getty in short-medium term. The genius that came with the idea might get a cash bonus by the end of the year. He better keep it because soon he is going to be looking for a job

« Reply #31 on: October 08, 2015, 13:47 »
+1
Where is our fearless low royalty crusader?
Probably refreshing Shutterstock subscription and credit plans page to see if anything has changed.
ROFL ;D

« Reply #32 on: October 08, 2015, 14:27 »
+9
Every time when I recieve such "exciting" news from IS, the first thing that comes to my mind is this quote from Rebecca Rockafellar on IS forum:
"... We get it, you guys are mad. And reading the forums for the past year has made it clear that some of you think we are lazy, incompetent, greedy or uncaring..."

http://www.istockphoto.com/forum_messages.php?threadid=349591

I don't buy images from IS anymore! I hope many other contributors do the same!

« Reply #33 on: October 08, 2015, 14:32 »
+8
I also stopped shopping there for my clients when RC came in. I wonder how much custom they lost this way?

« Reply #34 on: October 12, 2015, 01:40 »
+1
While the total number of subs from iStock has remained more or less the same (for me), I am seeing the portion of PP subs declining while the portion of iStock subs is on the rise. This would mean less revenue from subs also, as iStock subs give me 28c all the time, while PP subs sometimes go well beyond 28c if the customer had bought some different image pack.

Unless iStock tells us that iStock subs also may pay us more than 28c (depending on the subscription pack bought), we should see a decline in the subs revenue also. Even if iStock did this, the revenue decline will be seen since more subs and less credit-sales seem to be the future.

« Reply #35 on: October 12, 2015, 05:15 »
+1
While the total number of subs from iStock has remained more or less the same (for me), I am seeing the portion of PP subs declining while the portion of iStock subs is on the rise.
iStock subs prices are lower then Thinkstock subs prices.
Getty is eating its own market and in so doing, hoping to get a bigger share of it.
https://en.wikipedia.org/wiki/Market_cannibalism

Eventually they will kill close Thinkstock.

« Reply #36 on: October 12, 2015, 18:27 »
+7
I haven't sent them anything new in months.  This is the last straw for me. I just deactivated 50 of my best and will remove more each day until they are only left with very old/less popular files.  I'm sure they couldn't care less, but it makes me feel better.  My message to them on "reason for deactivating"....

New $40 "subs" package = 7% commission. As if 16% wasn't insulting enough. No Thanks.
« Last Edit: October 12, 2015, 18:37 by Gel-O Shooter »

« Reply #37 on: October 12, 2015, 19:12 »
+4
When they keep devaluing our work, it certainly does not give me any incentive to give them my best images.

« Reply #38 on: October 13, 2015, 12:23 »
+1
When they keep devaluing our work, it certainly does not give me any incentive to give them my best images.

You mean we aren't happy getting paid .28c for partner program or subscription gross royalties, and no more then that ever for most non-exclusive with the RC levels up and the sales down? Is that devalued, insulting or both?

« Reply #39 on: October 13, 2015, 12:30 »
+2
i'm getting weirdly much credit sales from the start of october (double than normal)....i think buyers are finishing fast the last credit and jump in to this new plans

« Reply #40 on: October 13, 2015, 13:21 »
+3
we need action for all contributors, like was for dpc.

why are the Russians so quiet?


I haven't sent them anything new in months.  This is the last straw for me. I just deactivated 50 of my best and will remove more each day until they are only left with very old/less popular files.  I'm sure they couldn't care less, but it makes me feel better.  My message to them on "reason for deactivating"....

New $40 "subs" package = 7% commission. As if 16% wasn't insulting enough. No Thanks.

MxR

« Reply #41 on: October 13, 2015, 14:28 »
+4
Istock final scam!!

Ready for push red button!!


 

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