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SS are still growing and still recruiting. IS will probably be letting more staff go as revenue is slashed due to the price reductions.
It was very interesting in the discussion between SS and financial institutions that it pointed to its small portion of overall market share, as well as to the potential for growing the market.If it can grow market share in a growing market then it has a good many years of overall growth ahead.
iStock is gonna rock you just wait and see :-) I like drinking Kool Aid so come an join me. I am exclusive so yes I want it to rock!
Quote from: LesHoward on June 30, 2013, 18:46Quote from: gostwyck on June 30, 2013, 14:50You can trace the root of this issue back to the introduction of the RC system in September 2010.That's when I stopped uploading to iStock. I've since noticed my PP sales have been much better than iStock sales so I've started uploading again to take advantage of the relaxed upload limits and get some more files into the PP. However, that doesn't mean I have any confidence in them or trust their credibility.sorry but is that dumbest thing I have read for a while, you are uploading thinking of PP? thank god you don't upload much...
Quote from: gostwyck on June 30, 2013, 14:50You can trace the root of this issue back to the introduction of the RC system in September 2010.That's when I stopped uploading to iStock. I've since noticed my PP sales have been much better than iStock sales so I've started uploading again to take advantage of the relaxed upload limits and get some more files into the PP. However, that doesn't mean I have any confidence in them or trust their credibility.
You can trace the root of this issue back to the introduction of the RC system in September 2010.
Quote from: luissantos84 on June 30, 2013, 18:52Quote from: LesHoward on June 30, 2013, 18:46Quote from: gostwyck on June 30, 2013, 14:50You can trace the root of this issue back to the introduction of the RC system in September 2010.That's when I stopped uploading to iStock. I've since noticed my PP sales have been much better than iStock sales so I've started uploading again to take advantage of the relaxed upload limits and get some more files into the PP. However, that doesn't mean I have any confidence in them or trust their credibility.sorry but is that dumbest thing I have read for a while, you are uploading thinking of PP? thank god you don't upload much...Since they're 'lypse images they can only go to iStock. That's part of the agreement for participating. Also the 'lypse model release has been very carefully crafted so the photos cannot be used anywhere else.
Quote from: Pilens on June 30, 2013, 14:05Quote from: borg on June 30, 2013, 13:55...7. Think what is other way to bring customers to fair deal for you and our community...Symbiostock! - 100% royalty I really don't know how to make this solution easy and profitable...
Quote from: borg on June 30, 2013, 13:55...7. Think what is other way to bring customers to fair deal for you and our community...Symbiostock! - 100% royalty
...7. Think what is other way to bring customers to fair deal for you and our community...
Quote from: Ron on June 30, 2013, 14:55Quote from: BaldricksTrousers on June 30, 2013, 10:39Quote from: Ron on June 30, 2013, 07:51The only way this could work in favor of IS is that with the price cut people are going to miss their RC targets and the cost reduction on paying less royalties is greater than the loss of revenue due to the price cuts. Mathematically impossible. They must be losing 40-50% on inde sales. They only pay a 15-20% in commission. The most they will claw back by cutting levels will be 2 or 3%.The only thing that seems to make any sense at all is that they want to lure buyers back with promises of cheap material, then catapult them up into the Signature or Vetta collections by hiding all the cheaper stuff. But I doubt if it will work since it depends on buyers being very stupid indeed. But you dont know what % they might gain in sales from new customers or more DLs at that price. If their sales go up significantly, doesnt that work out in their benefit down the line?You would need a massive induction of sales that wouldn't otherwise have happened, pushing up overall sales by several hundred percent. At that point, would there be any loss in "levels" for independents - don't know, can't be bothered to try to work out the maths.Anyway, the scenario is unrealistic, in my opinion.
Quote from: BaldricksTrousers on June 30, 2013, 10:39Quote from: Ron on June 30, 2013, 07:51The only way this could work in favor of IS is that with the price cut people are going to miss their RC targets and the cost reduction on paying less royalties is greater than the loss of revenue due to the price cuts. Mathematically impossible. They must be losing 40-50% on inde sales. They only pay a 15-20% in commission. The most they will claw back by cutting levels will be 2 or 3%.The only thing that seems to make any sense at all is that they want to lure buyers back with promises of cheap material, then catapult them up into the Signature or Vetta collections by hiding all the cheaper stuff. But I doubt if it will work since it depends on buyers being very stupid indeed. But you dont know what % they might gain in sales from new customers or more DLs at that price. If their sales go up significantly, doesnt that work out in their benefit down the line?
Quote from: Ron on June 30, 2013, 07:51The only way this could work in favor of IS is that with the price cut people are going to miss their RC targets and the cost reduction on paying less royalties is greater than the loss of revenue due to the price cuts. Mathematically impossible. They must be losing 40-50% on inde sales. They only pay a 15-20% in commission. The most they will claw back by cutting levels will be 2 or 3%.The only thing that seems to make any sense at all is that they want to lure buyers back with promises of cheap material, then catapult them up into the Signature or Vetta collections by hiding all the cheaper stuff. But I doubt if it will work since it depends on buyers being very stupid indeed.
The only way this could work in favor of IS is that with the price cut people are going to miss their RC targets and the cost reduction on paying less royalties is greater than the loss of revenue due to the price cuts.
Which file is worth 10x the other file?http://www.istockphoto.com/stock-photo-2493233-united-states-flag.php?st=c805381orhttp://www.istockphoto.com/stock-photo-2388290-beautiflul-huge-us-flag.php?st=f2a69daThe idea of self-curating the collection to a degree (self-promoting to P+ / E+) was one of the few things that IS had done right the last several years. So naturally they remove that and replace it with an idiotic algorithm that can't tell an ordinary but lucky high-selling file from a higher quality and/or more unique file.What they should have done instead was to continue to allow contributors to promote files to a higher level, but also allow them to demote* files to a lower level. Contributors know better than any algorithm ever could what is best for their files. If the concern was that files were changing price suddenly (laughable considering what's been going on the last few weeks), then limit the ability to change. But don't take away the one thing that was actually working and smart about IS.* I guess that applies to exclusives only, allowing them to demote down to the Main collection.
The market is a little different online so we will see if these changes are enough to bring iStock back to what it was in the neat future. Funny everyone wants their images moved up in the higher priced collections but everyone complains about how iStock is to expensive. RC's are another matter.
Borg, I hope you're not suggesting that I gave Luis a -1 rating because I can assure you I did not. My grandmother also used to say "if you can't say something good about somebody, don't say anything at all".
A little something from Seanhttp://www.seanlockephotography.com/2013/07/02/buyer-beware-the-bait-and-switch/
Without reading that page I wouldn't have understood how the changes really effected anything. RC was a trick to pay less to artists, now they are they are diddling with it to reduce our returns and future returns. Never seems to stop, does it?
Quote from: Blammo on July 02, 2013, 09:43A little something from Seanhttp://www.seanlockephotography.com/2013/07/02/buyer-beware-the-bait-and-switch/Excellent and well written.I think Getty will soon realise it was much better to have Sean inside their tent and pissing out ... rather than outside the tent and pissing in.
Haven't credits been around $1.5 for a while? I don't really see much of a bait and switch.
Would Getty care about Sean now, considering they let him go in the first place? Do you think Sean's blog will be mentioned in the Getty boardroom? They let Sean go, and brought in Yuri. Couldnt that be working out in Getty's advantage? Do you think Getty cares in which direction Sean is pissing? Or that it can or will harm them?