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Author Topic: 'Interesting' times in which to live? Getty Connect API Sales  (Read 4762 times)

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ShadySue

« on: February 04, 2013, 18:13 »
+1
From the iS newsletter:
http://www.istockphoto.com/forum_messages.php?threadid=351199&page=1

Connect-A new category for Getty API sales
Last summer, you may remember that Getty Images announced their API product, Connect by Getty Images. We talked about it in the June newsletter . We are at a point now where we are going to begin reporting royalties as the various deals mature. From now on you will see an additional category on the royalty schedule labeled, Connect. Since Connect sales are small, they are aggregated and reported on a monthly basis. We are pleased to say that the first royalties we will be reporting include several pay-per-view agreements we have with customers including Yahoo!, For the first time, we are able to pay royalties on revenue that is triggered by views of images that appear on pages with advertising. We know it will take time for these deals to ramp up but we are very encouraged by the opportunities we see to tap new markets and benefit from high traffic platforms seeking visual content to enhance user experience. You can Learn More about Connect at the Getty Images site.

https://api.gettyimages.com

I don't understand the market this is meant to be serving, so I'll let others, more savvy than I, comment.

----
admin edit: changed title a bit to be more descriptive
« Last Edit: February 04, 2013, 18:33 by leaf »


« Reply #1 on: February 04, 2013, 18:19 »
+1
Nanostock

« Reply #2 on: February 04, 2013, 18:21 »
0
Perhaps simular to the youtube google ads deal?  I feel an other opt out (group scream) coming on. 
« Last Edit: February 04, 2013, 18:25 by trek »

Reef

  • astonmars.com
« Reply #3 on: February 04, 2013, 18:24 »
0

aspp

« Reply #4 on: February 04, 2013, 18:36 »
0

lisafx

« Reply #5 on: February 04, 2013, 18:36 »
+2
I don't mind getting paid nanostock prices for VIEWS.  If it is for USAGES, that's a big problem.  (as we already know from the google deal)

« Reply #6 on: February 04, 2013, 18:38 »
+6
iStock is back on track and this is how contributors will be happy again, these guys know what they are doing ;D

don't forget to activate all the files again guys ;)

can I hear a big hurray for Rebecca?

EmberMike

« Reply #7 on: February 04, 2013, 18:47 »
+6

I can't help looking at all of this stuff with nothing but nervousness that this will become yet another thing by which we're getting screwed.

ShadySue

« Reply #8 on: February 04, 2013, 19:07 »
+1
At least with Novel Use on Alamy, we get to opt out.
« Last Edit: February 04, 2013, 19:09 by ShadySue »

« Reply #9 on: February 04, 2013, 19:07 »
0
"Getty APIs

Our set of APIs enable seamless integration of Getty Images' expansive content, powerful search and rich metadata directly into your internal workflows, products and services. With Connect's API solutions, you can fully control, customize and scale as you grow."

https://api.gettyimages.com/apis

lisafx

« Reply #10 on: February 04, 2013, 19:10 »
0
iStock is back on track and this is how contributors will be happy again, these guys know what they are doing ;D

don't forget to activate all the files again guys ;)

Gave you a thumbs up, but ONLY because it was obvious you were being sarcastic :D

can I hear a big hurray for Rebecca?

I gave you a thumbs up Luis, but ONLY because it was obvious you were being sarcastic :)

« Reply #11 on: February 04, 2013, 19:15 »
+1
From the iS newsletter:
http://www.istockphoto.com/forum_messages.php?threadid=351199&page=1

Connect-A new category for Getty API sales
Last summer, you may remember that Getty Images announced their API product, Connect by Getty Images. We talked about it in the June newsletter . We are at a point now where we are going to begin reporting royalties as the various deals mature. From now on you will see an additional category on the royalty schedule labeled, Connect. Since Connect sales are small, they are aggregated and reported on a monthly basis. We are pleased to say that the first royalties we will be reporting include several pay-per-view agreements we have with customers including Yahoo!, For the first time, we are able to pay royalties on revenue that is triggered by views of images that appear on pages with advertising. We know it will take time for these deals to ramp up but we are very encouraged by the opportunities we see to tap new markets and benefit from high traffic platforms seeking visual content to enhance user experience. You can Learn More about Connect at the Getty Images site.

https://api.gettyimages.com

I don't understand the market this is meant to be serving, so I'll let others, more savvy than I, comment.

----
admin edit: changed title a bit to be more descriptive


Oh this part inspired confidence.... the numbers will be so small they have decided to hide them in a one off monthly aggregate.

"We are at a point now where we are going to begin reporting royalties as the various deals mature. From now on you will see an additional category on the royalty schedule labeled, Connect. Since Connect sales are small, they are aggregated and reported on a monthly basis."

mattdixon

« Reply #12 on: February 04, 2013, 19:18 »
+1
Vetta and E+ at Getty didn't make up for lost sales at iStock, I doubt this will make any difference at all.

« Reply #13 on: February 04, 2013, 19:24 »
0
Oh this part inspired confidence.... the numbers will be so small they have decided to hide them in a one off monthly aggregate.

"We are at a point now where we are going to begin reporting royalties as the various deals mature. From now on you will see an additional category on the royalty schedule labeled, Connect. Since Connect sales are small, they are aggregated and reported on a monthly basis."

Yes, by '...Connect sales are small' do they mean the number of such sales or the amount of each sale?

An API such as this is a way for Getty/iStock to do business development deals, such as the Google-Drive deal, with a great many corporations, including small ones. Apparently these companies will be able to sell our images:

GetImageDownloadAuthorizations

Endpoint: http://connect.gettyimages.com/v1/download/GetImageDownloadAuthorizations

This operation returns download authorizations for the specified image size(s), for each applicable product offering owned by the customer. Authorization to download images is controlled by the product offerings associated with a customer. Product offerings control two aspects of download: whether the customer can download the image, and what sizes of the image can be downloaded.

https://api.gettyimages.com/apis

ShadySue

« Reply #14 on: February 04, 2013, 20:09 »
0
So, nothing good about this for us?
Less money than the PP, which I'm not in?
 >:(

PaulieWalnuts

  • On the Wrong Side of the Business
« Reply #15 on: February 04, 2013, 20:49 »
+8
So they're ready to "begin reporting royalties"? This seems carefully worded. So does this mean they've been earning revenue since last summer but we're just getting paid moving forward? Or we'll be paid on revenue since last summer?

« Reply #16 on: February 05, 2013, 02:14 »
+1
So now instead of selling my content, getty will rent it out?

Sounds like a great business model for getty, but not a good one for me.

I see a real use for this approach for editorial images that have a very short shelf life and must be monetized instantly.

But why should somebody be allowed to rent my files in a pay per view model for advertising?

Why should I supply my files to become "click bait"?

And no numbers provided.

The 25 cent subscription sale is beginning to look really attractive.

« Reply #17 on: February 05, 2013, 02:58 »
0
.
« Last Edit: May 11, 2014, 22:29 by tickstock »

PaulieWalnuts

  • On the Wrong Side of the Business
« Reply #18 on: February 05, 2013, 06:29 »
0
http://contributors.gettyimages.com/img/articles/downloads/FINAL%20POSTED%20Yahoo%20Contributor%20Launch.pdf

This has some information but doesn't specifically say what the royalty rates are.   
So they're ready to "begin reporting royalties"? This seems carefully worded. So does this mean they've been earning revenue since last summer but we're just getting paid moving forward? Or we'll be paid on revenue since last summer?

Your question should be answered in here.


So it looks like we'll be backpaid.

Royalties> you should expect to see your first page-views report from Yahoo in about 6 months. Were developing our joint reporting tools and as soon as they are ready, youll see the first several months activity and then see reports monthly thereafter.

« Reply #19 on: February 05, 2013, 07:03 »
+4
I am not against this Connect API thing ... Maybe it was good to us if this Connect API thing have been apply to the Getty/Google deal.

Maybe this is nanostock, but what do you call to the Getty/Google deal?

Nanostock maybe can be profit to us. Most of us accepted microstock with the hope to sell thousands of images, so, nanostock to sell million of images can be interesting.

The problem here is ... GETTY ... Lately all that come from this guys is dangerous, and the Connect API thing, seems to be a way to make secret deals, different for different clients, where we never know the license and the commission.

We will be kept on the dark with this Connect API thing never knowing if our work are paid fairly.


 

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