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Author Topic: Istock giving away extended licenses for free now?  (Read 2297 times)

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« on: December 03, 2014, 01:22 »
0
Tell me they haven't stooped this low.  But it appears that they have done just that.

   Date (DD/MM/YYYY)       License              Royalty
02/12/2014 10:34 AM MST        Extended            $0.00 USD

I sent in a support ticket and am patiently holding my breath waiting for a reply.



« Reply #1 on: December 03, 2014, 01:39 »
+1
Tell me they haven't stooped this low.  But it appears that they have done just that.

   Date (DD/MM/YYYY)       License              Royalty
02/12/2014 10:34 AM MST        Extended            $0.00 USD

I sent in a support ticket and am patiently holding my breath waiting for a reply.

If you click on the link behind the "Extended" part, do you get a "Legal Guarantee" type of license? If that is the case, it's no news because ever since introducing that type of license (several years ago) they decided that contributors do not deserve to get a share in it because it's kind of an insurance policy and they take all the risk involved...

« Reply #2 on: December 03, 2014, 01:45 »
-1
I get "extended legal guarantee".  What the heck is this?  I am starting to hate IS more every day.  I'll go check it out. 
Thanks, Michael

« Reply #3 on: December 03, 2014, 01:59 »
+1
I get "extended legal guarantee".  What the heck is this?  I am starting to hate IS more every day.  I'll go check it out. 
Thanks, Michael

Simply said: It's an insurance for the buyers. With a standard license, iStock/Getty take over up to $10,000 in legal costs in case the customer gets sued for using an image. The client can extend that insurance up to $250,000. As Getty/iStock are the ones taking those risks all upon themselves, they also keep the money. That's what they decided and told us years ago. As usual we didn't get asked.

Shutterstock has a similar limited liability in their terms ($10,000 as well) and as SSTK does not tell us the exact type of license they give away with each of their SOD agreements, we will also never find out if they sell a higher insurance without paying us for it in exchange.

« Reply #4 on: December 03, 2014, 02:01 »
+1
OK, I get it.  They are just selling an overpriced "extended warranty" to go with "the product".  The buyer doesn't really get any extra rights to use the photo.

« Reply #5 on: December 03, 2014, 02:10 »
0
OK, I get it.  They are just selling an overpriced "extended warranty" to go with "the product".  The buyer doesn't really get any extra rights to use the photo.

Exactly.


 

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