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Agency Based Discussion => iStockPhoto.com => Topic started by: VB inc on July 21, 2011, 11:30

Title: how much cut did istock take from EL's starting on 2011?
Post by: VB inc on July 21, 2011, 11:30
I forgot what the percentages were but it seems like a pretty drastic cut from last year. I remember getting ELs with me getting over $100. This year none of my ELs go close to that amount. Anyone with any info much appreciated. Cant seem to find it on istock.
Title: Re: how much cut did istock take from EL's starting on 2011?
Post by: Jo Ann Snover on July 21, 2011, 12:01
The thing that went away was the 10% bonus for exclusives. For independents, nothing changed beyond the royalty reductions that applied to all sales.

I think the other aspect of crappy prices is very low per credit prices - I queried an EL a month or so ago where I netted $6.93 from a 75 credit EL. Even if you assume they purchased only an XS to go with that (at 2 credits; it was P+), at 18% royalties that is 50 cents a credit.

The reason, IMO, they're offering these insane discounts is that buyers who were angry about the price hikes on the high-end collections were pacified with big discounts. The regular priced merchandise is then super cheap and we get crap royalties. Such as a 12 cent royalty on an XS (1 credit) sale.
Title: Re: how much cut did istock take from EL's starting on 2011?
Post by: zager on July 21, 2011, 13:07
Wow, $0.12 is pretty low if you see the price on the other side...
Title: Re: how much cut did istock take from EL's starting on 2011?
Post by: luissantos84 on July 21, 2011, 14:01
I have a few 7 cents..

my lowest ever is on pixmac

0000197563    2009-09-14 07:55:51    Image sell    0.042 cr.    Image: 000032580363    0.1 MPix
Title: Re: how much cut did istock take from EL's starting on 2011?
Post by: VB inc on July 21, 2011, 14:47
Quote from: jsnover on July 21, 2011, 12:01
The thing that went away was the 10% bonus for exclusives. For independents, nothing changed beyond the royalty reductions that applied to all sales.

So the amount you got in EL last year was based on the cannister level plus a 10% bonus?  So a diamond exclusive would get 50% of 100 EL then. thnx for that info.
Title: Re: how much cut did istock take from EL's starting on 2011?
Post by: gclk on July 21, 2011, 19:46
Yep, it sucks  :-\

The worst case earnings drop for that diamond exclusive who was getting 50% for an EL is a vetta or agency EL.

Where they used to get 50% they now get 28% or 26% (if they're lucky).  Ouch.
Title: Re: how much cut did istock take from EL's starting on 2011?
Post by: Slovenian on July 22, 2011, 04:03
Quote from: zager on July 21, 2011, 13:07
Wow, $0.12 is pretty low if you see the price on the other side...

That's nothing compared to 7c I got a couple of times
Title: Re: how much cut did istock take from EL's starting on 2011?
Post by: zager on July 22, 2011, 11:21
Quote from: luissantos84 on July 21, 2011, 14:01
I have a few 7 cents. My lowest ever is on pixmac 0.042 cr.

Yeah, we were pioneers there. Luckily it's now $0.25 minimum even if we download the images for internal use.
Title: Re: how much cut did istock take from EL's starting on 2011?
Post by: luissantos84 on July 22, 2011, 11:41
Quote from: zager on July 22, 2011, 11:21
Quote from: luissantos84 on July 21, 2011, 14:01
I have a few 7 cents. My lowest ever is on pixmac 0.042 cr.

Yeah, we were pioneers there. Luckily it's now $0.25 minimum even if we download the images for internal use.

that was only once, have a few other quite nice but still havenīt reached first payout