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Author Topic: death of istock postponed?  (Read 42012 times)

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« Reply #75 on: April 09, 2013, 11:07 »
+2
I'm not fond of IS (understatement) however I see SS becoming much less contributor friendly of late. This position toward new content (massive rejections) from SS and the new rates on BS just allows IS the breathing room it needs to recover. Sadly IS/GI is clever..... very clever and SS mistakes will allow a recovery for IS/GI. New content is king and who gets the most wins no matter how these companies want to spin the facts making it seem we don't matter......we do in fact we control the content and its flow. This is only my opinion.
Massive rejections?  I don't see that.  They've always had some bad reviewers, like most of the sites.  I occasionally get more rejections than usual but it's always been temporary and most of the time they've had a very high acceptance rate.

I agree with you about the new rates with BS.  That's such a huge error and I'm still in shock that Jon Oringer didn't step in and fix that.  I'm sure a large part of the success of SS is because they haven't cut commissions like the other big sites in recent years.  They've shattered that by allowing a site they own to pay us less commission for subs.

But I don't think IS/GI are clever.  It would of been easy to crush the other microstock sites at one point, by paying us a bit more.  Then when there was little competition, they could of got away with cutting commissions.  Instead, they ruined their reputation with the majority of contributors and built up their competition.  Why would clever people make such a dumb mistake?  It might not of killed istock but it's so damaged now that I can't see it ever dominating the microstock business again.  They missed their chance and they wont get another one.

I think we judge sites bases on our experiences.  A year and a half ago I started getting mass rejections at SS after 7 years of almost 100% acceptance.  I am fine with rejections when they make sense, however these were completely off and the entire batch was always rejected. At one point I quit uploading because every batch was rejected and I was hearing the same thing from some very high end shooters.  This went on for about 6 month and I took a long break from uploading to SS because of it. I started uploading again after a long break and found that once again that 99% of my images are being accepted. While everything is back to normal for me, I am not surprised to hear that other submitters are experiencing the former.

If I had not experienced the bizarre run of rejections I would tend to agree with you. However my experience has coloured my view of the SS review process.

I agree with your IS summary.  As for BS, I suspect that Jon was involved with the entire decision and it is part of his long term business plan to improve cost per sale.

It is happening to me now :(  ......what is sad is I must now upload new content on IS again so my microstock income does not suffer during my time off from SS. This then just aides in a IS recovery but being a full time stock artist I have little choose. Thanks for your post
« Last Edit: April 09, 2013, 11:09 by MisterElements »


« Reply #76 on: April 09, 2013, 11:07 »
+2
I also haven't noticed there being more rejections on SS

Nor have I. If anything the opposite. When I do a search and then click on 'Newest' I'm often appalled by what they have accepted, both in quality, quantity and also in keyword spamming. Fortunately the SS search facility is sophisticated enough to make most of those images 'disappear' fairly quickly.

It is not fair to mention names, but you would be equally appalled by the excellent images from very high end shoots that are being rejected while they accept blurry, underexposed snap shots with tilted horizons of the same subjects in numerous identical renditions.

« Reply #77 on: April 09, 2013, 11:15 »
+2
I'm not fond of IS (understatement) however I see SS becoming much less contributor friendly of late. This position toward new content (massive rejections) from SS and the new rates on BS just allows IS the breathing room it needs to recover. Sadly IS/GI is clever..... very clever and SS mistakes will allow a recovery for IS/GI. New content is king and who gets the most wins no matter how these companies want to spin the facts making it seem we don't matter......we do in fact we control the content and its flow. This is only my opinion.
Massive rejections?  I don't see that.  They've always had some bad reviewers, like most of the sites.  I occasionally get more rejections than usual but it's always been temporary and most of the time they've had a very high acceptance rate.

I agree with you about the new rates with BS.  That's such a huge error and I'm still in shock that Jon Oringer didn't step in and fix that.  I'm sure a large part of the success of SS is because they haven't cut commissions like the other big sites in recent years.  They've shattered that by allowing a site they own to pay us less commission for subs.

But I don't think IS/GI are clever.  It would of been easy to crush the other microstock sites at one point, by paying us a bit more.  Then when there was little competition, they could of got away with cutting commissions.  Instead, they ruined their reputation with the majority of contributors and built up their competition.  Why would clever people make such a dumb mistake?  It might not of killed istock but it's so damaged now that I can't see it ever dominating the microstock business again.  They missed their chance and they wont get another one.

I think we judge sites bases on our experiences.  A year and a half ago I started getting mass rejections at SS after 7 years of almost 100% acceptance.  I am fine with rejections when they make sense, however these were completely off and the entire batch was always rejected. At one point I quit uploading because every batch was rejected and I was hearing the same thing from some very high end shooters.  This went on for about 6 month and I took a long break from uploading to SS because of it. I started uploading again after a long break and found that once again that 99% of my images are being accepted. While everything is back to normal for me, I am not surprised to hear that other submitters are experiencing the former.

If I had not experienced the bizarre run of rejections I would tend to agree with you. However my experience has coloured my view of the SS review process.

I agree with your IS summary.  As for BS, I suspect that Jon was involved with the entire decision and it is part of his long term business plan to improve cost per sale.

It is happening to me now :(  ......what is sad is I must now upload new content on IS again so my microstock income does not suffer during my time off from SS. This then just aides in a IS recovery but being a full time stock artist I have little choose. Thanks for your post


Your welcome, I wish some more of the higher end shooters would speak out, however it is understandable why they do not.

Yes it is sad in regard to IS. That said as you mentioned we do have more power over our income than we have been led to believe.  If we buy into that and become fatalist the long slide will continue. Find some new sites instead of IS.
« Last Edit: April 09, 2013, 11:22 by gbalex »

« Reply #78 on: April 10, 2013, 08:44 »
+10
As an exclusive on ISP I have rarely posted in the monthly sales thread.  The wooyays and the doom and glooms are purely anecdotal.  Contributor sales trends I'm sure are being measured at Getty, just not being shared.  With the recent goings-on I am even less inclined to be involved in any way in the forums.  It's now time for distance and careful consideration.  I'm weighing my indie options carefully.  If earnings continue to slide as they have since 09/12 I'll realign my business at the end of this year.  IMHO 2013 will be a make or break for ISP regarding contributor relations and the sustainability of exclusivity.  The Getty group, properly structured and run, should be our Holy Grail, so it does sadden me no end to see the gradual decline of so many contributors.
Hopefully new entrants will help rejuvenate the marketplace and spawn competing agencies structured on a more cooperative artist approach!  Though I honestly don't see a real alternative yet.  Agencies that are 'art clubs' don't usually sell much product, we need a large, egalitarian, meritocracy run on a cooperative basis.
If someone could attract 1,000 photographers willing to invest $10,000 each such an agency could launch. 

« Reply #79 on: April 10, 2013, 14:02 »
+8
I joined ISP in 2007. I worked hard at it and was able to phase out of wedding photography and shoot only stock. I became exclusive as soon as I was qualified. Life was good! I've never gone a month without uploading, and still continue to do so. I now have over 4 thousand files in my port. My highest year for income was in 2011, and it's been sliding downhill ever since. I can no longer justify spending money on shoots, and I have to consider my plan B options.

I keep my head down in the forums, because I know it's possible that IS can punish people in the best match. I've never posted in the end of the month sales threads, but always read them.

I'm certain there is some sort of limit or quota on IS as to how much I'm allowed to earn in a week. It's obvious from my stats. Kind of like the door to my port just gets slammed shut when downloads had just been going well. I've been at 35% royalty for years now, but with my "quota" or whatever limit that's been imposed keeps getting lowered, I'm not sure I'll be able to keep that 35% after this year finishes.

I'm still making enough income that I can't afford to jump ship yet, but I must be realistic and accept that I may have to leave exclusivity in the not too distant future. I have a faint glimmer of hope that the latest survey will actually be the one to prompt positive changes. By June, something should be in the works I would think/hope. By the end of this year, my RC tally (that I have no control over) may pave the way for a necessary exit.

« Last Edit: April 10, 2013, 14:09 by Dreamer »

ShadySue

  • There is a crack in everything
« Reply #80 on: April 10, 2013, 14:35 »
0
And they're back to the server error when attempting to upload again.  >:(

« Reply #81 on: April 10, 2013, 14:58 »
+1
I keep my head down in the forums, because I know it's possible that IS can punish people in the best match.

Is this speculation? I know they technically could, but do you know this is the case?

« Reply #82 on: April 10, 2013, 15:21 »
+6
Dreamer:
I was in exactly the same situation as you. I like you didn't post on IS forums just to keep my head down as you say.
have no fear! there is life after exclusivity and IS isn't the only player in the market.  Once I have more experience and data I will share my findings with the community since I know there are many in the same position as you and me.


« Reply #83 on: April 10, 2013, 16:01 »
+1
Thanks aeonf, I hope so! I would love to see your results. And dingles, it is only speculation. They most certainly can technically. I've noticed that those who vent in the forums oft times appear to be falling at a faster rate than I have according to their postings in the sales threads. Which is why I generally rant and rave in private. "Us" against "them" is pretty useless for affecting change anyway.

« Reply #84 on: April 10, 2013, 16:37 »
+1
Yeah, I tried the forums, but I was passive aggressively asked by an admin to pretty much not post anymore. My posts were as mild as they come as far as I am concerned. I did ask a few questions...apparently I must have hit a nerve, but they weren't anything crazy. Most of my posts were feedback on questions they were asking. They don't seem to want new blood over there and are weeding out the old whether it be on purpose or not. I'd like to think all the recent threads asking for contributor input are more than fluff, but I rarely see any action.

ShadySue

  • There is a crack in everything
« Reply #85 on: April 10, 2013, 16:55 »
+1
I'd like to think all the recent threads asking for contributor input are more than fluff, but I rarely see any action.

Indeed. We got a questionnaire last year, but did anything good come of it? Other than an exclusive questionnaire this year which they must have hoped would give them different feedback.

There was a thread a while back asking specifically about editorial, http://www.istockphoto.com/forum_messages.php?threadid=351249&page=1 , but the recent Creative briefing had nothing about editorial. (Previously we were told that there would be editorial comment in briefings and previous briefings had them.)


« Reply #86 on: April 10, 2013, 18:03 »
+13
There is a thread on iStock "What motivates you?" could someone please type "Stocksy" just wanna see how long it last :-)

ShadySue

  • There is a crack in everything
« Reply #87 on: April 10, 2013, 18:08 »
0
Grief, I'm getting loads of rejections, having had a really high acceptance rate for years, other than some issues with certain inspectors not having read the editorial guidelines when editorials were introduced.

mlwinphoto

« Reply #88 on: April 10, 2013, 18:10 »
+3
There is a thread on iStock "What motivates you?" could someone please type "Stocksy" just wanna see how long it last :-)

Man, that is really tempting.

« Reply #89 on: April 10, 2013, 19:36 »
+4
I have to say there are some high issues that just aren't getting any resolve...I understand there are priorities and things can take time, but there has been zero progress over a half of a year from my point of view. I wish they'd have a little more transparency. All this generating feedback is gonna hurt them more in the long run if they don't produce some results. I think they fail to understand that contributors are also buyers and have influence over buyers. It bothers me that it seems more time is spent moderatating the forums then actually making their product better.

« Reply #90 on: April 11, 2013, 10:43 »
0
I am really shocked by the numbers crossbrain66 posted in the best match thread. If these are the results for the black diamonds, how will the normal people pay for studio and shooting costs:

http://www.istockphoto.com/forum_messages.php?threadid=352023&messageid=6873457

I have so many files from the Lenklypse that I would love to upload, but this just scares me completly. No use uploading files that die an instant death. I will continue to upload videos, but I hope they sort out the photo best match soon.

I hope he doesnt mind that I quote part of his numbers:

"To further verify this 'assumption' of chancelessness for new files to become hot sellers i examined the performance of files uploaded the last six months by a selection of the most successful exclusive istock contributors (mostly black diamonds). Those files should have the best possibility to succeed because of increased visibility through crosslinking with very successful old files by these contributors and the 'name - brand' reputation. Here are my depressing and thesis confirming results:

Average portfoliosize: 7.313
Average uploads past 6 months: 937


of those uploaded past 6 months:
files with over 100 downloads: 0,01 %
files with over 10 downloads: 0,38 %
files with over 5 downloads: 1,19 %
files with over 2 downloads: 5,03 %
files with over 1 downloads: 6,00 %
files with zero downloads: 87,39 %


Considering the advantages these new files had (and the throughout highest quality), their performance is disappointing to say the least."

mattdixon

« Reply #91 on: April 11, 2013, 11:02 »
0
I am really shocked by the numbers crossbrain66 posted in the best match thread. If these are the results for the black diamonds, how will the normal people pay for studio and shooting costs:

http://www.istockphoto.com/forum_messages.php?threadid=352023&messageid=6873457

I have so many files from the Lenklypse that I would love to upload, but this just scares me completly. No use uploading files that die an instant death. I will continue to upload videos, but I hope they sort out the photo best match soon.

I hope he doesnt mind that I quote part of his numbers:

"To further verify this 'assumption' of chancelessness for new files to become hot sellers i examined the performance of files uploaded the last six months by a selection of the most successful exclusive istock contributors (mostly black diamonds). Those files should have the best possibility to succeed because of increased visibility through crosslinking with very successful old files by these contributors and the 'name - brand' reputation. Here are my depressing and thesis confirming results:

Average portfoliosize: 7.313
Average uploads past 6 months: 937


of those uploaded past 6 months:
files with over 100 downloads: 0,01 %
files with over 10 downloads: 0,38 %
files with over 5 downloads: 1,19 %
files with over 2 downloads: 5,03 %
files with over 1 downloads: 6,00 %
files with zero downloads: 87,39 %


Considering the advantages these new files had (and the throughout highest quality), their performance is disappointing to say the least."


That's the main reason I ditched the crown, new work just got vaporised in the best match. They lost a lot of essential tech knowledge when they shrunk the IT department.

« Reply #92 on: April 11, 2013, 11:47 »
+2
im so glad i ditched my crown last december... my blood pressure would be shooting straight up if i was still exclusive after reading the posts on istock forums...

« Reply #93 on: April 11, 2013, 12:14 »
0
The amount of inaction is quite unbelievable

SNP

  • Canadian Photographer
« Reply #94 on: April 11, 2013, 12:54 »
+13
Despite having dropped my exclusivity in February, I haven't felt the surge of concern I thought I would. In fact, I've felt the opposite. I'm inspired by new beginnings.  I'm experiencing the initial drop in income, which I prepared for and which I expect to be a factor for about 6 months to a year. It was a huge letdown to watch TPTB erode and decimate everything that was so unique about iStock.

Going through my portfolio of almost 8K images has reminded me how many great files were best match casualties with hardly any views. I'm working very hard to get established on the other sites, and I will keep my files non-exclusively on iStock. But ventures like Stocksy, and GL can be truly sustainable marketplaces for artists and the companies that run them; companies created by fellow artists and ethically run with a focus on long-term success. I haven't looked back since ditching the crown. iStock and Getty are simply building a new breed of exclusives who have much lower expectations than our 'generation'. I was once so genuinely proud of being an iStock exclusive. iStock is no longer a community, nor is it an agency in which artists are motivated to strive for growth or to excel in their art. It isn't even an agency anymmore. It is now a Walmart, looking to sell to the highest bidder, with the smallest royalties possible going to suppliers. There is no opportunity left there. I don't know that change could even occur today. The window for change, for wooing unhappy contributors back into the fold has passed.

« Reply #95 on: April 11, 2013, 14:33 »
+6
Agree with you Stacey!! Dropped my crown recently. Appreciating fresh motivation for shooting, energetic about diversifying, and experiencing a breath of fresh air each day by no longer being highly dependent on one company that's rudderless and unable to make positive moves for it's suppliers.

I cannot fathom what GettyCarlyle's long term plan is for the iStock brand; unless it's the seemingly obvious of squeezing every ounce of profit from the former iStock business unit and it's contributors for short term gains. That may be profitable for Getty and Carlyle, and they can sell off or write down the empty husk, but it's not sustainable for iStock employees, it's buyers, or it's contributors. iStock tweets daily now, welcoming new exclusives, but conspicuously absent is any appreciation for veteran exclusives -- whether they are staying exclusive or departing after bringing in hundreds of thousands of dollars in revenue.

After the buyouts, there is little hope for a sustainable career path as an iStock exclusive, unless you can land a spot on the inspection team. The supplier cycle becomes: welcome hobbyists and newbies, grow them a bit, but with RC based royalty growth suppression, income peaks and levels out prematurely, professionals must nab a subcontractor job or find other venues for growth. Generally, it's up, then out. Over the long haul in this pattern, the average level of experience of iStock contributors falls. (And by extension the overall quality of the library.) If they were still aiming squarely at microstock price points, it might work. But selling at close to mid stock prices, with a contributor base trending toward more inexperienced, and one that increasingly cannot earn enough to hire good locations and models... it just doesn't add up.

« Reply #96 on: April 11, 2013, 14:39 »
+1
Agree with you Stacey!! Dropped my crown recently. Appreciating fresh motivation for shooting, energetic about diversifying, and experiencing a breath of fresh air each day by no longer being highly dependent on one company that's rudderless and unable to make positive moves for it's suppliers.

I cannot fathom what GettyCarlyle's long term plan is for the iStock brand; unless it's the seemingly obvious of squeezing every ounce of profit from the former iStock business unit and it's contributors for short term gains. That may be profitable for Getty and Carlyle, and they can sell off or write down the empty husk, but it's not sustainable for iStock employees, it's buyers, or it's contributors. iStock tweets daily now, welcoming new exclusives, but conspicuously absent is any appreciation for veteran exclusives -- whether they are staying exclusive or departing after bringing in hundreds of thousands of dollars in revenue.

After the buyouts, there is little hope for a sustainable career path as an iStock exclusive, unless you can land a spot on the inspection team. The supplier cycle becomes: welcome hobbyists and newbies, grow them a bit, but with RC based royalty growth suppression, income peaks and levels out prematurely, professionals must nab a subcontractor job or find other venues for growth. Generally, it's up, then out. Over the long haul in this pattern, the average level of experience of iStock contributors falls. (And by extension the overall quality of the library.) If they were still aiming squarely at microstock price points, it might work. But selling at close to mid stock prices, with a contributor base trending toward more inexperienced, and one that increasingly cannot earn enough to hire good locations and models... it just doesn't add up.

Very good post and I am afraid SS is headed in the same direction.  They have very little regard for the base which made them successful in the first place.

Stacey made some good points in regard to agencies.

SNP

  • Canadian Photographer
« Reply #97 on: April 11, 2013, 14:45 »
0
Let's hope other agencies watch what iStock has done and use it as a cautionary tale. Losing some of your longest term contributors by squeezing them relentlessly is not the stuff that business legends are made of.

I'll say for SS, Jon Oringer and his execs are photographers first. They're artists and actively participate on the frontlines. So I give them more leeway than the upper echelon suits running iStock. having said that, I'm not loving piddly amounts for dls on SS thus far. but these are early days and I don't have enough files up yet. Offset has me intrigued too, which tells me they're thinking in the right direction.

« Reply #98 on: April 11, 2013, 14:46 »
-1
.
« Last Edit: May 12, 2014, 14:42 by Audi 5000 »

SNP

  • Canadian Photographer
« Reply #99 on: April 11, 2013, 14:51 »
+3
^ while having the freedom and opportunity to do lots of other stuff without being at the mercy of one company being run in a manner I thoroughly disagree with. I won't argue with the royalty comparisons...but you have cherry picked to make your point. there are way more fires in which to place the irons.


 

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