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Author Topic: Istock RC's grandfathered at your current rate?  (Read 12651 times)

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« Reply #50 on: January 01, 2014, 07:52 »
0
.......dropped


Ron

« Reply #51 on: January 01, 2014, 07:55 »
0
Is there any buzz on the IS forum about this?

« Reply #52 on: January 01, 2014, 08:17 »
0
Mine dropped as well, from 18 to 17%. Some people already mentioned it in the forums.

Let's see how long it takes to correct this. istock is never boring...

ShadySue

  • There is a crack in everything
« Reply #53 on: January 01, 2014, 08:43 »
+2
No surprise here. When they wanted to take something from us (can't remember what - was it the clawback of the extra 10% Exclusives used to get on ELs? or ...?), they ran the script two weeks before the announced date, and here they're not allowing people to get their promised grandfathered rate.
Hopefully you'll get it sorted before sales get back to 'normal' (whatever that means) figures.

« Reply #54 on: January 01, 2014, 09:22 »
0
Dropped 5% here as well! I am sure it will be fixed but this is uncalled for

« Reply #55 on: January 01, 2014, 09:48 »
+11
Enjoy waiting four months for a random retro amount to be added to your balance :( .

« Reply #56 on: January 01, 2014, 09:58 »
+1
Add me to the list of 5% drops

KB

« Reply #57 on: January 01, 2014, 10:19 »
+1
Enjoy waiting four months for a random retro amount to be added to your balance :( .
And then removed because it was the wrong amount, and a few more months of waiting for another (also wrong) amount to be added back.

Yes, fun, fun, fun.

PZF

« Reply #58 on: January 01, 2014, 10:55 »
0
Mine's so low it can't drop.....at least, the percentage can't.....

lisafx

« Reply #59 on: January 01, 2014, 15:45 »
0
Add me to the list of 5% drops

Me too.  And +1 on the suggestions that this will probably not be a top priority item to either fix or reimburse. 

« Reply #60 on: January 01, 2014, 17:54 »
+1
anyone have noticed the increase of the price of Signature and Vetta collections ?

regarding the drop of targets, i think it is only a glitch on the displaying and not in the calculation

KB

« Reply #61 on: January 01, 2014, 19:10 »
0
anyone have noticed the increase of the price of Signature and Vetta collections ?
No, I hadn't.  :( HOW can they do that?  >:(

M:  13-->15
L:   17-->20
XL: 20-->25
XXL: 25-->28
XXXL: 28-->30

M+:  33-->35
L+:   40-->40 (unchanged)
XL+: 45-->50
XXL+: 50-->55
XXXL+: 55-->60

There's a HUGE amount of room now to increase Main prices and still make their 1/2 price claim.

I don't keep track of Vetta pricing, but the new prices do appear very high.


ShadySue

  • There is a crack in everything
« Reply #62 on: January 01, 2014, 21:21 »
0
Maybe they're trying to make exclusivity uncompetitive. Who knows?  ::) :o

« Reply #63 on: January 01, 2014, 21:31 »
+1
They seem to have dropped me down. The "new" trust in action.

« Reply #64 on: January 01, 2014, 23:15 »
+1
anyone have noticed the increase of the price of Signature and Vetta collections ?
No, I hadn't.  :( HOW can they do that?  >:(

M:  13-->15
L:   17-->20
XL: 20-->25
XXL: 25-->28
XXXL: 28-->30

M+:  33-->35
L+:   40-->40 (unchanged)
XL+: 45-->50
XXL+: 50-->55
XXXL+: 55-->60

There's a HUGE amount of room now to increase Main prices and still make their 1/2 price claim.

I don't keep track of Vetta pricing, but the new prices do appear very high.

Ouch.
« Last Edit: January 02, 2014, 06:12 by Sean Locke Photography »

BoBoBolinski

« Reply #65 on: January 02, 2014, 03:52 »
+2
I think this is brilliant marketing strategy by IS. Sales are down, what's the best way to stop the slide? Simple, put prices up! It  shows the high quality of strategic planning at IS. :-\
« Last Edit: January 02, 2014, 05:28 by BoBoBolinski »

« Reply #66 on: January 02, 2014, 04:49 »
+4
^^ I'm assuming that piece was produced via a substandard voice recognition software, and not manually edited. Queen of Typos can spot these things. But it is, like you say, very difficult to decipher.
However, this has to be the (mis)Quote of the Month:
"it was really difficult to get some of the traditional players in the space that celebrates toady"
I will make sure to wide-berth that space.  ;)


Sometimes there is some good content on Seeking Alpha. But much of the content worse than useless. I have no idea why so many people outside of the financial community continually link to it - possibly, I think, because the site seems to score well in Google searches when people are looking for articles to justify their points of view - often about subjects they only pretend to understand. No disrespect intended to tickstock because he is not guilty of this.

Basically any old blogger or day trader can push an opinion on SeekingAlpha. It's the finance equivalent of, say, Trip Advisor - where their bad may very well be your good.

Did you read the article? 

It's less about the jargon and financial stuff and more about the business of stock photography.  Shutterstock's CFO talks about contributor royalty rates going forward for example and Jon Oringer talks about Getty and iStock.

One of the gripes I have with SS is the impact its pricing has had on other stock sites. IS has had to contend with SS's grab for market share in the form of SS not raising prices for over 5 years. SS have been able keep pricing low at the expense of contributors even though increasing content standards have increased our content productions expenses. They are well aware of our increased costs. If SS had to pay to produce it's assets you can bet they would have been forced to raise prices.

One of the biggest problems I have with SS is that their growth strategy comes at the expense of it's contributors.

Snip
Duck Swartz

So whats changed in the marketplace thats giving you the opportunity to locate in the enterprise in a more, in a more robust way?
Timothy E. Bixby - CFO

The quality of the images has increased pretty dramatically over the past 10 years and as that now work keeps moving back and forth. The contributors 40,000 of them all over the world are constantly competing with each other.

So in the past five years the contents gone up to a level where the biggest publishers in the world mediated either starting to notice that is price, these images are not only price well, but they are also similar to some images that they have paid thousands of dollars for and also had to be on the phone for an hour negotiating the license for that image.

Snip

Duck Swartz

Talking about your present strategy longer term?

Timothy E. Bixby - CFO

We think we can raise the prices over the long term but were primary in the growth mode right now and we would like to continue to cover as much of the world as possible and take as much as growth in the business that we can before we play with the pricing level. We havent raised prices in many years and then been a great strategy so far to grow.

Snip
Jonathan Oringer - Founder, CEO & Chairman of the Board

It still multiples. So it's order of magnitude whether it's if you look at us compared to other stock marketplaces like an iStock or others, it's two or three or four times more expensive to not use Shutterstock. If you look at the higher end sort of more traditional marketed might be 6 or 8 or 10 times more expensive.

http://seekingalpha.com/article/1841072-shutterstocks-management-presents-at-the-goldman-sachs-us-emerging-smid-cap-growth-conference-transcript?page=2&p=qanda&l=last
« Last Edit: January 02, 2014, 05:04 by gbalex »

« Reply #67 on: January 02, 2014, 05:26 »
0
One of the gripes I have with SS is the impact its pricing has had on other stock sites. IS has had to contend with SS's grab for market share in the form of SS not raising prices for over 5 years. SS have been able keep pricing low at the expense of contributors even though increasing content standards have increased our content productions expenses. They are well aware of our increased costs. If SS had to pay to produce it's assets you can bet they would have been forced to raise prices.

One of the biggest problems I have with SS is that their growth strategy comes at the expense of it's contributors.

Snip
Duck Swartz

So whats changed in the marketplace thats giving you the opportunity to locate in the enterprise in a more, in a more robust way?
Timothy E. Bixby - CFO

The quality of the images has increased pretty dramatically over the past 10 years and as that now work keeps moving back and forth. The contributors 40,000 of them all over the world are constantly competing with each other.

So in the past five years the contents gone up to a level where the biggest publishers in the world mediated either starting to notice that is price, these images are not only price well, but they are also similar to some images that they have paid thousands of dollars for and also had to be on the phone for an hour negotiating the license for that image.

Snip

Duck Swartz

Talking about your present strategy longer term?

Timothy E. Bixby - CFO

We think we can raise the prices over the long term but were primary in the growth mode right now and we would like to continue to cover as much of the world as possible and take as much as growth in the business that we can before we play with the pricing level. We havent raised prices in many years and then been a great strategy so far to grow.

Snip
Jonathan Oringer - Founder, CEO & Chairman of the Board

It still multiples. So it's order of magnitude whether it's if you look at us compared to other stock marketplaces like an iStock or others, it's two or three or four times more expensive to not use Shutterstock. If you look at the higher end sort of more traditional marketed might be 6 or 8 or 10 times more expensive.

http://seekingalpha.com/article/1841072-shutterstocks-management-presents-at-the-goldman-sachs-us-emerging-smid-cap-growth-conference-transcript?page=2&p=qanda&l=last


^^^ What does this have to do with the question of whether IS have grandfathered our royalty rates or not?

In my case, no they have not. Quelle surprise!
« Last Edit: January 02, 2014, 05:29 by gostwyck »

« Reply #68 on: January 02, 2014, 06:54 »
0

^^^ What does this have to do with the question of whether IS have grandfathered our royalty rates or not?

In my case, no they have not. Quelle surprise!

You really need to ask this question?  The state of the market has everything to do with the moves each microstock company makes and SS's growth strategy drives business strategy at other sites. Including the latest moves by IS to retain contributors. 

I guess I am not at all surprised that key drivers of SS business strategy post undisguised business objectives and you can not make the leap.  SS's long term price undercutting has everything to do with falling revenues at IS and the micro industry in general.

By the way what does your below post have to do with grandfathered RC's at IS?

I believe they will want to take it public again. But not yet. At the moment they seem to be in the process of building value. The down economy and pessimistic expectations gives them a good space within which to reinvent yet again IMO.

It's a thought __ if the public would buy it. The stock owning public seemed pretty grateful to sell out to H&F in 2007 though. Revenues have fallen since then, they've got all that debt and now a major competitor/threat has emerged in the form of SS. Seems to me that Getty's prospects now are a lot less rosy than they appeared to be in 2007.
« Last Edit: January 02, 2014, 06:56 by gbalex »

« Reply #69 on: January 03, 2014, 07:57 »
+3
anyone have noticed the increase of the price of Signature and Vetta collections ?
No, I hadn't.  :( HOW can they do that?  >:(

M:  13-->15
L:   17-->20
XL: 20-->25
XXL: 25-->28
XXXL: 28-->30

M+:  33-->35
L+:   40-->40 (unchanged)
XL+: 45-->50
XXL+: 50-->55
XXXL+: 55-->60

There's a HUGE amount of room now to increase Main prices and still make their 1/2 price claim.

I don't keep track of Vetta pricing, but the new prices do appear very high.

By the way, I found that they also raised price per credit, for a double hit.

Ron

« Reply #70 on: January 03, 2014, 08:11 »
-2

^^^ What does this have to do with the question of whether IS have grandfathered our royalty rates or not?

In my case, no they have not. Quelle surprise!
You really need to ask this question? 


Joe is mostly moaning and winging about people not posting useful comments. The irony.  :)

Ron

« Reply #71 on: January 04, 2014, 04:17 »
+1
anyone have noticed the increase of the price of Signature and Vetta collections ?

No, I hadn't.  :( HOW can they do that?  >:(

M:  13-->15
L:   17-->20
XL: 20-->25
XXL: 25-->28
XXXL: 28-->30

M+:  33-->35
L+:   40-->40 (unchanged)
XL+: 45-->50
XXL+: 50-->55
XXXL+: 55-->60

There's a HUGE amount of room now to increase Main prices and still make their 1/2 price claim.

I don't keep track of Vetta pricing, but the new prices do appear very high.


By the way, I found that they also raised price per credit, for a double hit.


http://www.istockphoto.com/forum_messages.php?threadid=358448&page=1

From the lobo

Quote
We haven't formally announced price changes for some time now. There are price adjustments occurring all the time. Sometimes up, sometimes down.

Ron

« Reply #72 on: January 04, 2014, 04:21 »
0
Re the royalties, It seems the lobo doesnt know when it will be fixed and keeps pushing the ETA

http://www.istockphoto.com/forum_messages.php?threadid=358438


Posted Wed Jan 1 5:29PM
Quote
We are aware of the issue. It's been added to the bug thread. I'll have an ETA on when everything will be resolved by the end of the week.


http://www.istockphoto.com/forum_messages.php?threadid=358452&page=1

Posted Thu Jan 2 1:18PM

Quote
We should have an update soon. Probably not before the end of the week, but early next week.


 

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