Author Topic: iStock New Sub. Model Just Announced! (Read 41088 times)

loop · « **Reply #76 on:** March 04, 2014, 07:22 »

I'm exclusive and I'm not happy at all. This is a mistake. For me, exclusiveness has suddenly lost all his appeal.

cobalt · « **Reply #77 on:** March 04, 2014, 07:41 »

Quote from: Sean Locke Photography on March 04, 2014, 07:01

Quote from: Mellimage on March 04, 2014, 03:50
hmmm - I remember someone going loudly exclusive with IS because SS was the demon with the subscription model. And what do you say now...?

Professionals deal with professionals*

Lol, I forgot all about that!
"Hi Guys.
We have found a good distribution partner (Getty Images) for the kind of content we produce. We will be removing all images from microstock doing the next few weeks. Microstock, especially subscription sites, are not suited for the kind of high production cost images we produce.
Best Yuri"

The karma of internet public postings that come back to bite you...Well, he was the king of subs downloads on SS, now he can be the King of subs downloads on istock...just without all the extended licenses and additional income SS offers.

I am sure the customers will love having access to his whole portfolio at subs prices again.

stock-will-eat-itself · « **Reply #78 on:** March 04, 2014, 07:42 »

It'll be a disaster for them, their site isn't geared up for subs at all. They've lost all useful data for the best match algorithm with their constant messing with the pricing structure.

My guess is eventually they'll have to shut the old iS and rebadge Thinkstock with an iStock logo.

MichaelJayFoto · « **Reply #79 on:** March 04, 2014, 07:46 »

Quote from: cobalt on March 04, 2014, 07:41

The karma of internet public postings that come back to bite you...Well, he was the king of subs downloads on SS, now he can be the King of subs downloads on istock...just without all the extended licenses and additional income SS offers.

I don't think you've got the latter part right. iStock has all this because it was all they had in the past. And to be frank, iStock's "ODD" and "SOD" sales are averaging much higher than those of Shutterstock.

It's only a matter of perspective: When submitting to Shutterstock, you know you are submitting to a subs site. So anything bigger than $0.38 looks positive. When submitting to iStock, you knew you were submitting to a credit based site. So anything lower than $5 will now look ugly.

And when it comes to Yuri, I doubt that he cares a lot. I am pretty sure he cashed in his cheque already.

jjneff · « **Reply #80 on:** March 04, 2014, 07:51 »

Being a video guy I wonder what istock will do with video? They are strangely silent about video.

Juanmonino · « **Reply #81 on:** March 04, 2014, 08:12 »

Quote from: MichaelJayFoto on March 04, 2014, 07:46

Quote from: cobalt on March 04, 2014, 07:41
The karma of internet public postings that come back to bite you...Well, he was the king of subs downloads on SS, now he can be the King of subs downloads on istock...just without all the extended licenses and additional income SS offers.

I don't think you've got the latter part right. iStock has all this because it was all they had in the past. And to be frank, iStock's "ODD" and "SOD" sales are averaging much higher than those of Shutterstock.

It's only a matter of perspective: When submitting to Shutterstock, you know you are submitting to a subs site. So anything bigger than $0.38 looks positive. When submitting to iStock, you knew you were submitting to a credit based site. So anything lower than $5 will now look ugly.

And when it comes to Yuri, I doubt that he cares a lot. I am pretty sure he cashed in his cheque already.

Yuri and other pseudo-exclusives do not care about IS sales, they care about their stuff in GI, where they get more money, probably huge percentage y maybe better exposure. IS for them is gravy.

cobalt · « **Reply #82 on:** March 04, 2014, 08:30 »

Quote from: MichaelJayFoto on March 04, 2014, 07:46

Quote from: cobalt on March 04, 2014, 07:41

It's only a matter of perspective: When submitting to Shutterstock, you know you are submitting to a subs site. So anything bigger than $0.38 looks positive. When submitting to iStock, you knew you were submitting to a credit based site. So anything lower than $5 will now look ugly.

I absolutely agree. That is why it is so crucial to be able to decide which files go to the subs model and which don´t. How can you plan a production, if you don´t know at which prices your files will be sold?

And since new content hardly sells, you must basically now decide to shoot for volume for istock. Unless you belong to the lucky few who can shoot directly for Vetta.

I am not really affected, so probably I should´t be so upset. But it is so frustrating to watch.

I think I should go out and shoot and not look at the forums for a while.

Mantis · « **Reply #83 on:** March 04, 2014, 08:50 »

Quote from: luissantos84 on March 04, 2014, 03:51

Quote from: DonLand on March 04, 2014, 00:38
Wow. I guess they did not understand that if they paid exclusives a decent amount artists would have come flocking to them and dropping everyone else. Instead they keep doing the opposite. They WERE in a position to do that a couple of years ago when they had a duopoly but no longer. One would also think they would at the very LEAST match the $.38 from SS.

4 cents a sale its a lot of money to improve all the bugs etc etc, I can tell you one thing, SS isn't worried about this

They are going to get a flood of "new" content, some of which is probably excellent, so they are likely as excited as a kid ready to pee their pants.

Uncle Pete · « **Reply #84 on:** March 04, 2014, 09:35 »

Got up this morning, checked sales, saw this on the SS forums and I knew it would be a hot one.

Quote from: Pixart on March 04, 2014, 01:05

What!!! Only 2 pages? This announcement must have come very late in the day. I bet it's 15 by the time I get up in the morning.

Probably nothing to add but I will point out what I found that convinced it was nothing but ThinkStock in a different dress. This is a sign of desperation. They had something good, with identity and quality and exclusive content and now they are jumping into the rabbit hole, chasing.

Royalties will be reported monthly, not in real time. Initially we will be reporting these royalties under the Partner Program.

And then what happens when they can't keep accurate track of these new royalities for these subs. We've already seen that from Oct / Nov of last year.

Master F-UP!

topol · « **Reply #85 on:** March 04, 2014, 09:39 »

If IS and it's contributors hope that this will bring a large increase in volume to compensate, this will end in an ocean of tears. People, customers forming the markets are so far from being that rational, it's almost funny - there have always been sites as cheap or even cheaper than SS, and they hardly grown, just stagnated, or even went out of business. People are more likely to be creatures of habit.

KimsCreativeHub · « **Reply #86 on:** March 04, 2014, 09:43 »

RCs was the beginning of the end for those of us that loved iStock as well as their berry competitive place in the market.

I am exclusive with my "raster illustrations" and I am going to take the wait n see approach, if volume explodes, and it will have to at those price cuts.. I'll stay...

Otherwise I will drop the crown as more $$ is the ONLY reason to have a crown.

As far as video is concerned, it has not reached the sheer volume of images and vectors so I predict it will be safe for now....

I am planning latter this year to do more with animation and would remove vids from sites that want to cheepen them

My Very Best

KimsCreativeHub.com

PeterChigmaroff · « **Reply #87 on:** March 04, 2014, 09:52 »

As everyone knows, once a black hole forms, it will continually attract and hold all matter within its greedy reach. Subscription models are that black hole. You can't see into them and nothing gets out to give the viewer an idea of what happens within.

Goofy · « **Reply #88 on:** March 04, 2014, 09:57 »

Stock Image Subscription

We’re excited to introduce image subscriptions-

Translation- We are excited to screw more money out of the contributors

What does this mean for contributors?

Translation- even less money that they ever thought possible

Shelma1 · « **Reply #89 on:** March 04, 2014, 10:15 »

Site's down. Or is it just me?

DonLand · « **Reply #90 on:** March 04, 2014, 10:16 »

Down here too...

Stu99 · « **Reply #91 on:** March 04, 2014, 10:16 »

Down here as well

Julied83 · « **Reply #92 on:** March 04, 2014, 10:30 »

I was diamond ! I'm so sad they replace the canister level with RC ! I'm not surprise the Sub Model don't give RC ! They don't want people to get level up ! But level is motivation ! So you see that they don't care at all about their member.

Sean Locke Photography · « **Reply #93 on:** March 04, 2014, 10:30 »

Gateway Timeout
The proxy server did not receive a timely response from the upstream server.
Reference #1.d02c0660.1393946836.30925a0

gbalex · « **Reply #94 on:** March 04, 2014, 10:37 »

Quote from: stock-will-eat-itself on March 04, 2014, 07:42

It'll be a disaster for them, their site isn't geared up for subs at all. They've lost all useful data for the best match algorithm with their constant messing with the pricing structure.

My guess is eventually they'll have to shut the old iS and rebadge Thinkstock with an iStock logo.

I see their aging infrastructure and search as one of their biggest obstacles right now. I don't seem them investing the discrepancies in royalties to reverse that either. This will just be bad for contributors all around because it will further deteriorate the value of our assets.

Julied83 · « **Reply #95 on:** March 04, 2014, 10:52 »

Istock is down now !

munrotoo · « **Reply #96 on:** March 04, 2014, 10:56 »

my theory on istock is they want people to leave, especially exclusives. I think in their hearts they want all these little artist to go away so they can have their few preferred artists like in the Getty heyday.

Uncle Pete · « **Reply #97 on:** March 04, 2014, 10:58 »

Kudos to both of you for seeing through the smokescreen. Here's what I'm waiting for and wondering.

Is there one person here or there that's going to step up and say... This is a good Idea, I like it?

Quote from: Jo Ann Snover on March 03, 2014, 20:17

Quote from: pancaketom on March 03, 2014, 20:03
...we are launching this in April...

April 1st sounds like an appropriate choice

Somewhat prophetic Tom, the site is down right now.

Quote from: pancaketom on March 03, 2014, 20:03

we are launching this in April, expect all sorts of things to be messed up as we roll this out.

BaldricksTrousers · « **Reply #98 on:** March 04, 2014, 11:01 »

Quote from: Julied83 on March 04, 2014, 10:52

Istock is down now !

Yes. Thankfully, that will make very little difference to my earnings today.

Shelma1 · « **Reply #99 on:** March 04, 2014, 11:04 »

"iStock
Hi everyone, we’re currently experiencing a website issue and appreciate your patience during this time."

-posted on Facebook

MicrostockGroup Sponsors

Author Topic: iStock New Sub. Model Just Announced! (Read 41088 times)

tickstock

loop

cobalt

stock-will-eat-itself

MichaelJayFoto

jjneff

Juanmonino

cobalt

Mantis

Uncle Pete

topol

KimsCreativeHub

PeterChigmaroff

Goofy

Shelma1

DonLand

Stu99

Julied83

Sean Locke Photography

gbalex

Julied83

munrotoo

Uncle Pete

BaldricksTrousers

Shelma1

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