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Author Topic: iStock Royalty Change  (Read 66310 times)

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« Reply #50 on: October 25, 2016, 13:39 »
+2
Looks like Getty has continued on the path of making themselves less relevant.

Even If I'm not really a "BIG" it represents 1/3 of my income: it IS relevant.


« Reply #51 on: October 25, 2016, 13:40 »
+11
My simple take when skimming the email (couldn't be arsed to really read it) is: Confusing as fu*k and meant to be that way so it's hard for anyone to see how much deeper and harder they will be bent over in the future.

Also, in essence nothing seems to have changed. They have done away with the redeemed credit system yet you need to re qualify for your royalty rate again each year. It wouldn't take a child prodigy that excels in maths to see through that one. Sheesh!

« Reply #52 on: October 25, 2016, 13:41 »
+1
I am going by the numbers, not by what I think has happened based on my interpretation of the market.

I am going by how much the content I use costs to use vs what it used to cost.
Sorry, I was going by what I make as a contributor rather than what the end buyer pays.

« Reply #53 on: October 25, 2016, 13:43 »
+5
I made $.05 per download as an independent in 2005.  Lol.

« Reply #54 on: October 25, 2016, 13:44 »
+5
Why do I feel someone is jumping on my back side with a pogo stick, oh never mind it's just istock :-)

« Reply #55 on: October 25, 2016, 13:47 »
0
I'm trying to do the maths... but I only get access to the Euro prices. If someone from the US would be so kind to make some screen shots of the US Dollar prices of iStock's subscription packages, I would really appreciate your help.

Easiest way would be to post them as screen shots to my FB page:
https://www.facebook.com/MichaelJayFotograf/posts/955359601235001

Or contact me via direct message here.

ShadySue

« Reply #56 on: October 25, 2016, 13:48 »
+5
My simple take when skimming the email (couldn't be arsed to really read it) is: Confusing as fu*k and meant to be that way so it's hard for anyone to see how much deeper and harder they will be bent over in the future.
They have always favoured obfuscatory language to Plain English.
It's Mushroom Management.

« Reply #57 on: October 25, 2016, 13:51 »
+5
I'm not even going to waste more than 15 seconds reading this crap; because I could care less about stuff we cannot control... but basically this structure reminds me a lot of how Photospin does things. 

spacedrone808

  • spacedrone808


« Reply #58 on: October 25, 2016, 14:01 »
+1
I'm not even going to waste more than 15 seconds reading this crap; because I could care less about stuff we cannot control... but basically this structure reminds me a lot of how Photospin does things.
Agreed 2nd Photospin.

They are pretty dumb and don't look into the future: cutting the branch on which they are sitting with more then comfortable position doing almost nothing and receiving huge profits. We shall see:) 

« Reply #59 on: October 25, 2016, 14:10 »
+27
Serious question, can anyone afford to spend their time creating a product of any kind at all that sells for $0.10 and pays you as little as $0.02 in profit on it?

Personally I can't think of any business in the world that I would be willing to enter into which earns so little, talk less of putting the time and personal creativity into making something artistic just so that big corporates could have unlimited commercial usage rights to my artistic creation practically for free.

Hey Getty, really? You just can't make this sh*t up.

« Reply #60 on: October 25, 2016, 14:28 »
+13
I was starting to wonder if I made the right decision deleting my port and was even considering uploading there again-so glad I read this first!

« Reply #61 on: October 25, 2016, 14:33 »
+12
once again they are telling non-exclusives that they don't want you.

« Reply #62 on: October 25, 2016, 14:43 »
+8
old istock - we have this really arcane and basically impossible way to keep your earnings percentage above the industry low 15% base

New istock - never mind - you all just get 15%

I deleted my port down to almost nothing years ago - and my earnings reflect that. At least this new exciting news won't hurt me much.

fritz

  • I love Tom and Jerry music

« Reply #63 on: October 25, 2016, 14:46 »
+12
Very funny! "Weve got some important and positive news to share with you about changes to your royalties"

« Reply #64 on: October 25, 2016, 14:48 »
+2
I deleted my port down to almost nothing years ago - and my earnings reflect that. At least this new exciting news won't hurt me much.


You could've just posted one of your remaining pictures on IS to describe your attitude to the news: cactus

« Reply #65 on: October 25, 2016, 14:52 »
+2
Very funny! "Weve got some important and positive news to share with you about changes to your royalties"
Could someone better than me at writing jokes please clarify the relationship between "positive" and "exciting"?

« Reply #66 on: October 25, 2016, 14:55 »
+5
Good old iStock.  There are few things in like on which you can rely, but they're certainly one.  And they make me feel so good about the decisions I make.  Before they gouged . out of our royalties in 2010 I had around 3000 images there, a lot less than at Shutterstock but still impressive given the technical impediments to uploading.  Once they cut me from 20% to 16% I slowly started deleting, slowly out of some faint hope they might realize their mistake.  By the day they disabled deletions I was down to fewer than 173.  Now I just have to decide whether any of those remaining few are worth the hassle of closing my account.  Tough decision.

« Reply #67 on: October 25, 2016, 15:01 »
+2
Stopped uploading there long ago and never looked back. Just my 2 cents.

Ditto.

« Reply #68 on: October 25, 2016, 15:08 »
+9
can say it enough our only chance to fight against this monopolys is a contributor union.

« Reply #69 on: October 25, 2016, 15:11 »
+8
I think there is still room for "improvement". How about -2 cents? Charge contributors when you sell their stuff.

« Reply #70 on: October 25, 2016, 15:13 »
+6
They changed the rules a few months ago so people can't easily delete their portfolio anymore and now they decreased the royalty to 15% (as an exciting news :) :) :).  This is so funny:) And do you know why is this funny for me and why do I laugh? Because I do not upload my stuff since years now. So good luck for selling my outdated old images. New images? No way for them to get any of it.  19% or 15% I really do not care.
Regarding to Getty there is only one thing I care now: which song will I sing when they will be closed. They are a pathetic robber company. You know I dam not worry to insult them cuz what can they do: close my account? Ok, just do it! As soon as possible! :)

« Reply #71 on: October 25, 2016, 15:14 »
+5
cant say it enough our only chance to fight against this monopolys is a contributor union.

Totally agree. A website created by photographers that is only available to professionals who use the site exclusively to sell their images/videos/illustrations. A small yearly fee and the photographer/videographer gets 90-95% of the commission per sale.

Let's do it.

« Reply #72 on: October 25, 2016, 15:17 »
+6
My earnings there have been halved since they introduced subs...hardly ever make a non-sub sale there any more.

I'll have to close my account there. I hate to lose the money, but you better bet every other site is watching to see if we're willing to accept 2 royalties. It will suhck to lose the income from there, but if we don't leave everyone else will follow suit, which means a reduction from 38 to 2 at you-know-where, which would mean a YUGE drop in income.

Like we did with DPC, I think it's time for those of us who can to take a stand and bow out. Let them lose a million files overnight.

You knew there was gonna be "exciting news" to follow when they took away our ability to delete files
.

This is exactly why I brought up the point in another thread regarding whether closing your account has the same rules....it doesn't so closing your account only requires a 30 day notice.  Great post, shelma.

« Reply #73 on: October 25, 2016, 15:20 »
+20
There were times when iStock gave me about 40% of my income. Now they give me 5% of it. My income at IS decreased by 90% during the years. I can EASILY disregard this 5% so I am going to their website and I will try to delete my account. NOW. Why not, it doesn't really matter. No one can be so stupid to sell images for a 15% royalty. Follow me guys!

« Reply #74 on: October 25, 2016, 15:22 »
+25
This announcement closely followed by a flurry of refund emails. I hate IStock.


 

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