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Author Topic: iStock raises the bar  (Read 33469 times)

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« on: December 09, 2008, 14:31 »
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On pricing, anyways.  Introducing a three tiered collection system of imagery.  Plus more announcements:
http://www.istockphoto.com/forum_messages.php?threadid=80935


vonkara

« Reply #1 on: December 09, 2008, 14:35 »
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Saw your post on the other thread and was asking me who would start this. Thanks for starting it :)

XXXL size... I have a couple who fit this size, but we have to wait for January. Isn't it?

CofkoCof

« Reply #2 on: December 09, 2008, 14:41 »
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You'll be able to get XXXL on the existing files also, they will reprocess the images(might take a while to go trough all the images though).

Will be interesting to see how many buyers will buy from the "expensive collection". Many are already going to other agencies, since the prices are pretty high on IS. Will it be worth it for photographers to put their images in the collection? Would you get more by selling the images in the normal way? Let's wait and see.
« Last Edit: December 09, 2008, 14:48 by CofkoCof »

shank_ali

« Reply #3 on: December 09, 2008, 14:52 »
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There will be some exclusive contributors wanting their WHOLE portfolio's in the premier collection ! like it's a god given divine right as" we have been here years and made istock alot of money and blah blah blah "

vonkara

« Reply #4 on: December 09, 2008, 14:53 »
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At least Istock actually try to increase the prices. Today I got again those 0.30$ on each sites I submit to excepting Istock. Let's hope they have made the good choice and this will not freak out the buyers!!!

jsnover

« Reply #5 on: December 09, 2008, 14:54 »
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My main concern is finding out how things will get put into the "Value" collection. If I find out my whole porfolio is "value" priced, then that's a large cut in income. If newly uploaded content goes predominantly into the "value" collection, I'd be even more bummed.

I don't see this as good news at all for contributors like me. I think for Sean, Lise, Yuri, et all, it's probably great news. For buyers, seeing a lot of stuff in the value collection is probably great news, but not for contributors whose content is effectively "on sale".

« Reply #6 on: December 09, 2008, 15:03 »
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I know some people have been asking for "collections".  I'm not sure what to think yet.  If my stuff gets put in the "premiere" collection, I feel buyers may just buy similar independent stuff in the "regular" collection at a much cheaper rate.  I'm not sure if the benefit is there for a buyer for such a higher price.  I may not even be "premiere" collection material, so I may not even have to worry about it.

« Reply #7 on: December 09, 2008, 15:10 »
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Well, they are talking about 200.000 high priced files in 2009 first quarter. That's about 5% of the collection, and exclusive files are about (I think) 35-45%. I don't think any exclusive will have all of their files there, and, anyway, it has already been suggested that exlusives will have a say in the tagging.

« Reply #8 on: December 09, 2008, 15:15 »
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nice news.  I am glad istock is pricing for the future and creating a database with some more expensive images.  Hopefully the other sites follow suite.

« Reply #9 on: December 09, 2008, 15:18 »
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Interesting news ! And more to come. Aparently there will be also an announcement about the best match soon.

shank_ali

« Reply #10 on: December 09, 2008, 15:20 »
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The premier collection will only have files by exclusive contributors so start deactiving all your photos from your other micro sites immediately and apply for exclusivity in 6 months.You no it makes sence in the long run.....
This was a public service announcement for the k. thompson fan club  ::)

lisafx

« Reply #11 on: December 09, 2008, 15:21 »
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I can't remember when a change on istock was good news for anyone but exclusives in the last couple of years.  As an independent I am extremely wary.  

I share JoAnn's concerns about how and what images will be placed in the Value Collection.  For those of us who sell on other sites it would not be good to discover many of our images being relocated to istock's bargain basement.  

OTOH if I can choose which images to submit there, as currently only exclusives can do, I would be perfectly happy to put some of my older or less popular work in on a trial basis.  

I am also wondering how the search engine will be modified to offer selections of all the available imagery.  Will buyers select which collection to search or will they be shown a mixture from all the collections?

Finally, I think the move to raise credit prices along with the regular image prices is not a good idea in the current financial climate.

I will repeat what I said in the istock thread - the Devil's in the details....

jsnover

« Reply #12 on: December 09, 2008, 15:21 »
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I know some people have been asking for "collections".  I'm not sure what to think yet.  If my stuff gets put in the "premiere" collection, I feel buyers may just buy similar independent stuff in the "regular" collection at a much cheaper rate.  I'm not sure if the benefit is there for a buyer for such a higher price.  I may not even be "premiere" collection material, so I may not even have to worry about it.

I could have missed some discussions, but I thought that the prior collections  discussions had been around themes, not low vs. high prices. Putting 3D renders into a collection; allow more raster illustrations and overfiltering into the mix, but in its own collection, etc.

Theme based collections I find very interesting. This caste system of high price collections and sale-priced stuff doesn't do much for me.

« Reply #13 on: December 09, 2008, 15:24 »
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Interesting concepts, but more information is required to make a judgement.

The dollar bin gets more expensive, I don't understand that part.  If they are images never sold, it doesn't seem they will succeed at less bargain price.  Possibly the idea is to purge them, not give them a second chance.

And yes, raising prices at the moment should be done in a small step.

Regards,
Adelaide

vonkara

« Reply #14 on: December 09, 2008, 15:30 »
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It would be interesting to know how the infinite collection is popular on FT vs the normal collection. Could be a good comparison to do in the next year, if we have enough infos

« Reply #15 on: December 09, 2008, 15:34 »
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If they are images never sold, it doesn't seem they will succeed at less bargain price.  Possibly the idea is to purge them, not give them a second chance.

And yes, raising prices at the moment should be done in a small step.

Regards,
Adelaide

Adelaide

I just "contributed" 10 of my most overlooked files (0 DL) but in my humble opinion useful pictures to the dollar bin and within 1 week 3 pictures were DLed 1 time and 1 picture twice. They are all files from my Rebel XT days but completely ignored for 1 year at IS. So essentially I got $1.75 that I would not have gotten before. If IS charges lower prices but still size dependent - I think that is a good idea. I would not contribute my 5D files to the dollar bin.

lisafx

« Reply #16 on: December 09, 2008, 15:38 »
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I would not contribute my 5D files to the dollar bin.

According to my understanding of the announcements, istock admins are going to be more actively choosing what files go in. 

I don't think whether images were taken with your rebel or 5D will be a big part of the criteria they use....

bittersweet

« Reply #17 on: December 09, 2008, 15:42 »
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There will be some exclusive contributors wanting their WHOLE portfolio's in the premier collection ! like it's a god given divine right as" we have been here years and made istock alot of money and blah blah blah "

I got the impression that they will be the more unique images, with higher production costs, etc. I'm sure there will be some egos at work (as always) but I don't think there are any entire portfolios that will be put into this program.

bittersweet

« Reply #18 on: December 09, 2008, 15:48 »
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 If they are images never sold, it doesn't seem they will succeed at less bargain price.  Possibly the idea is to purge them, not give them a second chance.

I've had more than one file hit flames in the dollar bin. Sometimes it is merely a file being buried in the search that is suddenly able to be found; sometimes it is a over-exuberant vector inspector inflating the price of a file too much.

There are potential cons to all this, depending on how things are being implemented. I hope that they will have a completely integrated search.

« Reply #19 on: December 09, 2008, 15:49 »
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I would not contribute my 5D files to the dollar bin.

According to my understanding of the announcements, istock admins are going to be more actively choosing what files go in. 

I don't think whether images were taken with your rebel or 5D will be a big part of the criteria they use....

I was just stating it from my perspective - not theirs. If they "confiscate" one of my 5D images to the Dollar bin then I shall oblige - maybe ;)

« Reply #20 on: December 09, 2008, 15:50 »
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I would not contribute my 5D files to the dollar bin.

According to my understanding of the announcements, istock admins are going to be more actively choosing what files go in. 

I don't think whether images were taken with your rebel or 5D will be a big part of the criteria they use....
Interesting that Yuri said in that session Rob blogged about that the camera isn't as important as many people think - one should spend the money on location, models, studio equipment.

« Reply #21 on: December 09, 2008, 15:52 »
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I just "contributed" 10 of my most overlooked files (0 DL) but in my humble opinion useful pictures to the dollar bin and within 1 week 3 pictures were DLed 1 time and 1 picture twice. They are all files from my Rebel XT days but completely ignored for 1 year at IS. So essentially I got $1.75 that I would not have gotten before. If IS charges lower prices but still size dependent - I think that is a good idea. I would not contribute my 5D files to the dollar bin.

That's the point, prices in the former dollar bin will now be priced by size.  Still cheaper than the regular images, but less bargain.  And they plan to go from 5,000 images to 200,000 images in this whatever bin, so it seems selection criteria are going to change.  Possibly the time online without selling will count a lot, even if quality is good.  

Now, what about XXXL images?  They will have a price range of 18-28 credits.  Have criterias been discussed?  Not that I have any in that range, unless they would accept rasters of my vector images.

Regards,
Adelaide

jsnover

« Reply #22 on: December 09, 2008, 15:53 »
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It would be interesting to know how the infinite collection is popular on FT vs the normal collection. Could be a good comparison to do in the next year, if we have enough infos

I don't think it's relevant as the "infinite" collection is in large part the dumping ground for old content from macro agencies - the stuff isn't fresh or even particularly good. Does anyone remember the threads here with images (which FT then pulled) from the then-new "infinite" collection that were laughably awful?

122rf had the EVO collection which just didn't seem that different from the regular collection.

I think the big thing will be for buyers to be able to see the difference between the content - Saks Fifth Avenue or Target? If they look the same, it's a problem.

AVAVA

« Reply #23 on: December 09, 2008, 16:14 »
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Hi All,

 I just wrote a post here the other day talking about the future of Micro and I mentioned that this could eventually happen just didn't expect it a week latter. Check the history books to see how it went in the past.

Best,
AVAVA

Post:   Food for Thought

 I imagine we will see the price point for Micro continue to increase to offset the slowing in growth. I also see the possibility that Micro might begin to be separated into divisions of pricing and quality very much like Macro RF has done over it's history.
 Lots of changes to come. Make sure you diversify and don't spend money this year unless you make money from it.


lisafx

« Reply #24 on: December 09, 2008, 16:20 »
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Wow, your words were certainly prophetic Jonathan :)

It just goes to show, IMHO, that macro stock models are being repeated somewhat in the micros. 

It pays to listen to you, Christian (lagereek), and others who have been in the stock business a long time.  You guys have seen the industry evolve and are in a good position to predict its future directions


 

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