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Author Topic: Income lose 2013 to 2016  (Read 14339 times)

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« on: June 03, 2016, 06:57 »
+21
Getty Image updated iStock credit pricing in 2013 and also introduced their great and amazing new subscription plans.

So, What is your annual income lose between 2013 - 2015 (2016).

I had 3000 images 2013 and now 5500 images.

My Income 2013 = 115 000 $
My Income 2014 = 110 000 $
My Income 2015 =   50 000 $
My Income 2016 =   14 000 $ (about)

I think this is NOOOT a good way :o
« Last Edit: June 03, 2016, 07:46 by Photostocker »


« Reply #1 on: June 03, 2016, 08:17 »
0
are you or were you exclusive and abandoned exclusivity in meantime?

« Reply #2 on: June 03, 2016, 08:30 »
+3
are you or were you exclusive and abandoned exclusivity in meantime?

Yes! I was Exclusive but I will cancell it...there's no sense anymore! Waste of time!

« Reply #3 on: June 03, 2016, 08:33 »
+5
wow

« Reply #4 on: June 03, 2016, 08:44 »
+13
Good lord.  Good thing they terminated our agreement.

Justanotherphotographer

« Reply #5 on: June 03, 2016, 09:16 »
+5
I am so sorry to see that. The mismanagement of IS really is criminal. I wonder if they ever stop and think what a devastating impact their actions have had on so many people?

« Reply #6 on: June 03, 2016, 09:45 »
+3
You are very lucky Photostocker! My income lose is much much higher. Down to ONLY 50% from 2013 to 2015? Sounds like a dream for me!

Tay

« Reply #7 on: June 03, 2016, 09:51 »
+2
My numbers looks very similar. In five years they reduced my income by 80% and i'm still exclusive contributor.

MxR

« Reply #8 on: June 03, 2016, 10:58 »
+1
Wow... The other micro sites are not the paradise... Average or high end portfolio?

« Reply #9 on: June 03, 2016, 11:09 »
+3
Thankful I have not dropped that bad but I can never seem to go up. I have dropped my Exclusivity!

« Reply #10 on: June 03, 2016, 11:23 »
+9
The linked article is old news. However, the second reader comment is a very interesting insight into the workings of Getty management. Anonymous worked at Getty as a mid-level manager.....

http://photobusinessforum.blogspot.no/2015/02/getty-images-downward-spiral-approaches.html#comment-274962064295328885

So, as I read, the Getty management cares nothing about the business (and us at the bottom). It's all a game of converting Getty book value into cash in a few peoples pockets.

« Reply #11 on: June 03, 2016, 11:28 »
+3
The obituary of microstock.

« Reply #12 on: June 03, 2016, 12:04 »
+2
Getty Image updated iStock credit pricing in 2013 and also introduced their great and amazing new subscription plans.

So, What is your annual income lose between 2013 - 2015 (2016).

I had 3000 images 2013 and now 5500 images.

My Income 2013 = 115 000 $
My Income 2014 = 110 000 $
My Income 2015 =   50 000 $
My Income 2016 =   14 000 $ (about)

I think this is NOOOT a good way :o

I was going to say "WOW", but someone said that already. And then I thought about it; my own iStock income has dropped heavy and steady just as yours has and right now mine is less than 20% of what it was in 2012. So my fall from the peak is close to yours in percentage terms. I know how you feel. There are hardly words to describe how a company can self destruct itself to this level and not give a toss either about how many of their own crew they destroy with it. I think I just threw up a little bit in my mouth.

« Reply #13 on: June 03, 2016, 12:23 »
0
Did you start in 2013?
Is this for photography or vectors?

This drop is significant...how is this possible? You went from 100K  to 14K in 3 years?

Just trying to make some sense...

Getty Image updated iStock credit pricing in 2013 and also introduced their great and amazing new subscription plans.

So, What is your annual income lose between 2013 - 2015 (2016).

I had 3000 images 2013 and now 5500 images.

My Income 2013 = 115 000 $
My Income 2014 = 110 000 $
My Income 2015 =   50 000 $
My Income 2016 =   14 000 $ (about)

I think this is NOOOT a good way :o

« Reply #14 on: June 03, 2016, 12:30 »
+5
I'm down 50% from 2013 too.

I can't imagine what the plan is for Exclusivity, other than the current one of slowly suffocating it until it becomes meaningless. I'm betting they'll put the knife in come September, making it attractive only to a very few token insiders and occasional contributors who know no better.

Justanotherphotographer

« Reply #15 on: June 03, 2016, 12:36 »
+1
Did you start in 2013?
Is this for photography or vectors?

This drop is significant...how is this possible? You went from 100K  to 14K in 3 years?

Just trying to make some sense...

Getty Image updated iStock credit pricing in 2013 and also introduced their great and amazing new subscription plans.

So, What is your annual income lose between 2013 - 2015 (2016).

I had 3000 images 2013 and now 5500 images.

My Income 2013 = 115 000 $
My Income 2014 = 110 000 $
My Income 2015 =   50 000 $
My Income 2016 =   14 000 $ (about)

I think this is NOOOT a good way :o
We haven't finished 2016 yet so they will probably be down to something under 50% by the end of the year.

« Reply #16 on: June 03, 2016, 12:42 »
+2
I wasn't making even near those numbers but since 2013 my earnings on IS went down almost 85% ... that place is one of the worst on the market right now.

« Reply #17 on: June 03, 2016, 13:48 »
+2
Getty really messed up with Istock making Shutterstock grow so huge, so shortsighted.
So true the bankers at Getty have treated it like a piggy bank, asset stripping and loading with huge debt.

The shame is no agency has been able to fill their shoes. Alamy had potential but it's strategy is all wrong.
A new agency needs to fill the gap when Getty goes bankrupt!
« Last Edit: June 03, 2016, 14:57 by Dakota »

ShadySue

  • There is a crack in everything
« Reply #18 on: June 03, 2016, 13:56 »
+3
I was ahead of the trend, my best-earning year was 2012.
2015 compared to 2012: -41%.
2016 is going to be worse.

TBH, I can't get motivated to upload for 75c a sale, and for some reason, credit buyers in particular prefer my earlier files, so I haven't been uploading anything like as much as I did previously.
« Last Edit: June 03, 2016, 16:11 by ShadySue »

« Reply #19 on: June 03, 2016, 14:14 »
0
 I feel you brother. I have seen the same drops as a independent.   Have other indies seen similar?

  I don't know if this is typical or not.  I do know I used to depend alot on Istock income, so maybe thats why ive lost so much with their decline.  I am down about 50% from 4-5 years ago on SS too.

Justanotherphotographer

« Reply #20 on: June 03, 2016, 15:34 »
0
I have definitely seen a similar or even worse drop as an independent on istock.

« Reply #21 on: June 03, 2016, 15:54 »
+2
I'm hugely down on IS but I virtually stopped uploading there a couple of years ago.

Justanotherphotographer

« Reply #22 on: June 03, 2016, 16:08 »
0
I'm an active enough uploader to have maintained or increased my income on most other sites. It is only istock that is plummeting for me.

« Reply #23 on: June 03, 2016, 16:34 »
+2
Similar numbers than yours.

I don't think they will ever recover. And I think this is a good thing......there are still some of us with hundred thousand+ sales that remain there because the other popular micros were/are also not leading anywhere. Slowly "other" more "friendly" agencies are appearing. Istock is crumbling now and will fall apart in a not so far future......the bad reputation among artists and many buyers has just gone too far to reverse this situation...............
« Last Edit: June 03, 2016, 16:54 by everest »

« Reply #24 on: June 03, 2016, 17:38 »
+7
If you step back for a minute and just take a philosophical view on the whole iStock crash and burn dichotomy, you wonder how a company can have willingly joined the race to the bottom with the rest of the sub sites by having reduced their prices to roughly 10% of what they were at the peak in 2012 and thus, further driving down their own income to about 20% of what it was 3-4 years prior. Especially after 5 years of doing nothing but raising prices from around 2007-2012 and which resulted in tremendous growth and positive returns for everyone. There is just no intelligent logic to explain what they did when they pressed the self destruct button, unless or course this was part of a larger cash bleeding strategy to turn the company into a losing venture for tax purposes.

Either that or they are very smart and are secretly making more than ever before by having changed the prices on exclusive content to 3 times the price of the independent content, then paying the exclusives 40%, the independents 15%, selling a ton independent content, very little exclusive content, making 5 times more than they were before, and all the while pretending to be a bunch of bumbling idiots who just cant figure out what they are doing wrong.

Given how poorly the site is run though, the fact that it is half broken and ridden with bugs most of the time, providing terrible contributor communication and support, a best match that is horrific, etc, it is just not the behavior though of a largely successful company making millions of dollars. So I guess what has happened must be some version of the former even though there is no intelligent explanation for it.
« Last Edit: June 04, 2016, 09:58 by X9D7CE84A2B5YU6G1 »


 

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