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Author Topic: 100% Royalty Day May 14, 2014  (Read 16350 times)

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Shelma1

« Reply #25 on: May 08, 2014, 13:11 »
+1
Oh for exclusive only ! haha ! of course ...
No way they can do a 50% royalty day for non exclusive !

Then we'd all be PO'ed when we saw in hard numbers how much of each license they keep for themselves.  :'(


« Reply #26 on: May 08, 2014, 13:21 »
+13
NOTICE: iStock graciously apologizes but will be offline for most of the day on May 14th for much needed site upgrades. In addition, overall site performance may be hindered throughout the day while these upgrades are tested and installed. iStock apologizes for any effect this may have on your buyers' ability to download the pictures they need that day, but will offer a 15% discount coupon code for a 1,000 credit pack to compensate buyers for any inconvenience this may cause them. The discounted credit pack can start being used when site service returns to normal on May 15th.
« Last Edit: May 08, 2014, 14:19 by iStop »

« Reply #27 on: May 08, 2014, 13:25 »
+3
.
« Last Edit: May 11, 2014, 21:23 by tickstock »

« Reply #28 on: May 08, 2014, 14:04 »
0
I'll setup a buyer account and buy each of my pictures 3 times that day in XXXL. That should sort out all my current RC and best match issues. Thank you iStock.

« Reply #29 on: May 08, 2014, 14:09 »
+3

Must be really getting desperate for some positive press there.

Must be getting desperate to try and retain exclusives. Let's call it ACDC. Anti Crown Dropping Campaign.

Goofy

« Reply #30 on: May 08, 2014, 14:18 »
+9
The major problem here is that once you lose your "Creditability' it is very difficult to get it back...

« Reply #31 on: May 08, 2014, 14:29 »
0
Just throwing the hounds a bone to stop the barking! When they start paying their non exclusive contributors 50% it might be worth an accolade.

« Reply #32 on: May 08, 2014, 14:32 »
+7
Isn't the 14th about the time they will report sub sales to exclusives for the first time?

ShadySue

  • There is a crack in everything
« Reply #33 on: May 08, 2014, 14:38 »
0
I think in the past they didn't announce what day it was until afterwards.  Announcing it in advance should hopefully boost sales.
How would that work, except for anyone who has buyer friends, IWC why wouldn't they sell directly to them for 100% anyway?

« Reply #34 on: May 08, 2014, 14:41 »
0
.
« Last Edit: May 11, 2014, 21:23 by tickstock »

ShadySue

  • There is a crack in everything
« Reply #35 on: May 08, 2014, 14:44 »
0
I think in the past they didn't announce what day it was until afterwards.  Announcing it in advance should hopefully boost sales.
How would that work, except for anyone who has buyer friends, IWC why wouldn't they sell directly to them for 100% anyway?
Some buyers are contributors so they would probably try to hold off a couple days to buy.  Other buyers who see that contributors will get 100% might hold off too, it's only a few days away.  Exclusives can't sell RF on our own sites.
We can sell RM.

ShadySue

  • There is a crack in everything
« Reply #36 on: May 08, 2014, 14:46 »
0
Oops, thanks. I would think that a more general announcement would bring them more positive PR and attract people to exclusivity. It's not like this is going to be kept a secret.

I doubt if any indies would become exclusive just for this one day.
IAC, very few, if any, would be able to get their files off the other sites quickly enough.

ShadySue

  • There is a crack in everything
« Reply #37 on: May 08, 2014, 14:47 »
+2
But as I said before: I don't care if they do it for PR reasons. Paying out an additional hundred thousands to contributors can't be that bad to question it too much.
Exactly, hard to complain when they are going to be paying contributors hundreds of thousands more than anyone expected.  It's a good thing for contributors and in terms of exclusive artists it's a step in the right direction.  I think everyone wants agencies to do more of this.
I'd be doing far better if they'd grandfathered me in as originally promised.
It's very unlikely that this day will dent that loss by much.

« Reply #38 on: May 08, 2014, 14:48 »
-1
.
« Last Edit: May 11, 2014, 21:23 by tickstock »

« Reply #39 on: May 08, 2014, 14:48 »
+4
To be honest, my downloads are now averaging about 10% of what they were in 2011 with yet a 50% bigger portfolio than in 2011. I'm frankly pretty indifferent to this tempting sounding bone they are throwing us. Although it's a bit of goodwill (if you even see it that way) but it won't make much difference to me in terms of income at this point. It's all a bit too little too late. If they really want to help exclusives they can start with stopping making the Indy content so much more attractive to buyers.

« Reply #40 on: May 08, 2014, 14:49 »
0
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« Last Edit: May 11, 2014, 21:24 by tickstock »

ShadySue

  • There is a crack in everything
« Reply #41 on: May 08, 2014, 14:55 »
0
I think in the past they didn't announce what day it was until afterwards.  Announcing it in advance should hopefully boost sales.
How would that work, except for anyone who has buyer friends, IWC why wouldn't they sell directly to them for 100% anyway?
Some buyers are contributors so they would probably try to hold off a couple days to buy.  Other buyers who see that contributors will get 100% might hold off too, it's only a few days away.  Exclusives can't sell RF on our own sites.
We can sell RM.
I didn't realize we could license our images as RF on iStock and on our own site as RM?  Are you sure that's allowed?
I don't know about from our own site, but there's nothing to stop us entering into RM agreements with private buyers. I guess it might be considered morally dubious if they found you on iS and you entered into a private agreement with them, and I've never done that. In fact, the only time someone contacted me via SM to suggest same, I contacted CR, and didn't even get a 'thanks'.
Some might think so many of their actions have been so morally dubious it hardly matters; others might enjoy the moral high ground.

« Reply #42 on: May 08, 2014, 15:01 »
0
.
« Last Edit: May 11, 2014, 21:24 by tickstock »

ShadySue

  • There is a crack in everything
« Reply #43 on: May 08, 2014, 15:06 »
0
I wasn't thinking of someone's own site, just actual real friends and acquaintances.

« Reply #44 on: May 08, 2014, 15:07 »
0
.
« Last Edit: May 11, 2014, 21:24 by tickstock »

« Reply #45 on: May 08, 2014, 15:50 »
+3
But why? With all the erosion policies they've spewed on exclusives over the last year or so what is the real motivation here? Yes, it's positive.....but what is the real reason?

As Sean already mentioned: They need some good PR for a change. And the cost of it: 1 day out of 365, less than half the content affected, and it's not 100%, it's 100% minues what they already pay to exclusives (somewhere between 30 and 35% on average, I guess)... do the maths yourself. Actually removing the tradition was totally stupid: Bad PR for almost no savings.

But as I said before: I don't care if they do it for PR reasons. Paying out an additional hundred thousands to contributors can't be that bad to question it too much.
I couldn't care less what the reasons are either. What matters is what they do, not what they're thinking. I don't see how anyone can be negative about this announcement.

« Reply #46 on: May 08, 2014, 16:07 »
+5
At least this is a sign that they're actually noticing the decline in sales and that exclusives are leaving... but it's not really enough to change anything. Scrapping the RC system and give all exclusives 50% no matter how much or little they sell would probably make a difference.

wds

« Reply #47 on: May 08, 2014, 16:08 »
0
I guess it's kind of like a 1% annual bonus

« Reply #48 on: May 08, 2014, 16:14 »
+1
its curious there isn't a thing for indies, not that I would have sales on that day but I guess we are also part of iStock success no? (I can see 85% at least)

ShadySue

  • There is a crack in everything
« Reply #49 on: May 08, 2014, 16:19 »
+1
At least this is a sign that they're actually noticing the decline in sales and that exclusives are leaving... but it's not really enough to change anything. Scrapping the RC system and give all exclusives 50% no matter how much or little they sell would probably make a difference.
They'd also have to reconsider their policy of undercutting Exclusive content on their own site with indie files.


 

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