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Author Topic: Looking to purchase Istock portfolios.  (Read 20711 times)

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« on: September 25, 2010, 04:43 »
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Well the subject says it all.
I am looking into buying complete portfolios on Istock, preferably from exclusives (makes it simpler).
If anyone here has an offer (or knows someone who does) don't be shy :)


Dook

« Reply #1 on: September 25, 2010, 06:43 »
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What is your offer?

« Reply #2 on: September 25, 2010, 07:02 »
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i buy your complete porfolio and pay you money.
this will include full and exclusive rights of the photos/vectors.
(including JPG's, RAW's and PSD's)
as simple as that.

« Reply #3 on: September 25, 2010, 07:08 »
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What is your offer?

I think this poster means "$10 per image", etc.  Your request for raw and edited files is certainly going to cost you a large sum.

rubyroo

« Reply #4 on: September 25, 2010, 07:08 »
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You want wholly owned content?  Are you a Getty rep by any chance?

traveler1116

« Reply #5 on: September 25, 2010, 07:16 »
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I'm listening what's your offer then? 

« Reply #6 on: September 25, 2010, 07:19 »
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I am not afraid of large sums. Of course the deal needs to be economical for me as well.
I rep only myself (and my partner) and nobody else.
Since obviously a non selling photo is worth much less then a blue-flame one, eachphoto has its own price, but I am not interested in buying individual photos but rather complete portfolios.
The price of the portfolio will be determined by past sales and future potential in my opinion.

« Reply #7 on: September 25, 2010, 07:27 »
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Well, I guess this is the way to go if you want to trick istock at their own game. The larger the port, the more you will make.

« Reply #8 on: September 25, 2010, 07:34 »
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When you say "trick" do you mean that this is unacceptable with IS ?
And my goal is indeed to enlarge my port.

« Reply #9 on: September 25, 2010, 07:40 »
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.
« Last Edit: July 16, 2014, 14:38 by attator »

« Reply #10 on: September 25, 2010, 08:47 »
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You can have mine for $200k  ;)

$100k...

Heck, $70k
« Last Edit: September 25, 2010, 08:52 by ThomasAmby »

« Reply #11 on: September 25, 2010, 12:48 »
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I might be tempted to buy small portfolios too. But they have to contain mostly "photos", and be from Istock Exclusives wanting to leave only. 

traveler1116

« Reply #12 on: September 25, 2010, 12:54 »
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Bidding war? 

« Reply #13 on: September 25, 2010, 13:17 »
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25,000 and its yours.

« Reply #14 on: September 25, 2010, 13:20 »
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I might be tempted to buy small portfolios too. But they have to contain mostly "photos", and be from Istock Exclusives wanting to leave only. 

Hmmm. This is starting to sound like people wanting to buy portfolios to ensure they have enough Redeemed Credits to maintain their commission levels in future years. Devious!

« Reply #15 on: September 25, 2010, 13:52 »
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I might be tempted to buy small portfolios too. But they have to contain mostly "photos", and be from Istock Exclusives wanting to leave only.  

Hmmm. This is starting to sound like people wanting to buy portfolios to ensure they have enough Redeemed Credits to maintain their commission levels in future years. Devious!


Exactly. And it could be have a nasty effect for Istock too, Imagine them having to pay 40% instead of 20 or 25% for the same files...
« Last Edit: September 25, 2010, 13:56 by Buzbuzzer »

« Reply #16 on: September 25, 2010, 13:53 »
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Well, the only issue is that previous sales performance (especially based on the theory of what sells, keeps selling) doesn't guarantee that uploading under a new account will continue.

Unless you are just going to transfer the account or something.

« Reply #17 on: September 25, 2010, 14:20 »
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.
« Last Edit: July 16, 2014, 14:39 by attator »

« Reply #18 on: September 25, 2010, 14:37 »
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pepito: good assumption.
sjlocke: many questions are raised indeed. do the files transferd retain their BE placemnt and current downloads ?   is such a transaction sanctioned by IS at all ?
I am sure such port sales have been done in the past...

« Reply #19 on: September 25, 2010, 14:51 »
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How would these sales work out practically ? Can anyone give an overview of the process by which ownership of the images is transfered ?

Can we transfer the images and then continue to upload new images ?

Is this something which iStockphoto or any of the other agencies recognise and will be cool with ?

So many questions. Like say my current exclusive portfolio currently averages $x00 per month .... what factor of  x is that worth on the scrap market ?

« Reply #20 on: September 25, 2010, 14:53 »
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pepito: good assumption.
sjlocke: many questions are raised indeed. do the files transferd retain their BE placemnt and current downloads ?   is such a transaction sanctioned by IS at all ?
I am sure such port sales have been done in the past...

If you're at all serious about this, you should have done your homework and got the answers to these questions before going public. Apart from that, can you provide some information about how you intend to go about evaluating the value of a portfolio? I assume you'll be using some sort of Present Value calculation.

Also, instead of paying up a large up-front sum for the portfolio, it might be more economical to simply transfer a percentage of the royalties to the owner for a period of time, say three years, and then pay a smaller amount up front for the remaining life of the portfolio. An offer like this may attract more people, as they'd get money up front while still maintaining their income for a while. I know that I would certainly entertain that offer more seriously than one to purchase my portfolio outright.

« Reply #21 on: September 25, 2010, 15:05 »
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sharp: I guess you are right, I didn't think that IS would have problem with such a move, but I will ask them just in case (in the next few minutes).
I am dead serius about buying portfolios. I mean not waste anyones time!
Ineed an NPV formula will be used in my end in order to calculate economic worthyness to us.

I have no problem with your idea, I even must say I like it even more then paying everything up front.
I am open to any other creative payment/sharing plans as well.

« Reply #22 on: September 25, 2010, 15:14 »
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sharp: I guess you are right, I didn't think that IS would have problem with such a move, but I will ask them just in case (in the next few minutes).
I am dead serius about buying portfolios. I mean not waste anyones time!
Ineed an NPV formula will be used in my end in order to calculate economic worthyness to us.

I have no problem with your idea, I even must say I like it even more then paying everything up front.
I am open to any other creative payment/sharing plans as well.

I think you need to come up with a formula and publish it so that people can plug their numbers in and make a decision before approaching you. Something using monthly or quarterly earnings for the past few years would be simple enough that you'd get a lot of people trying it out, which would increase your chances of attracting some serious sellers. This way you'll only have to deal with people who are downright serious about this, and not the just curious. I'm certainly not going to tell you what my income is without knowing up front how much it's worth to you!

« Reply #23 on: September 25, 2010, 15:46 »
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How about waiting for IS to answer the clarifications first?

The formula will consist of an X% CAP rate, Y years return, and Z% depreciation in income each year.
Changes will need to be made depending on canister level and exclusivity status.
The exact XYZ figures have not yet been determined.
Other more "creative" payment schemes like the one you suggested will also be positively considered.
Everything is open for negations and the exact figures will be settled in person and not in the public forum, rest assure of that.

My original goal was to see if there is any one willing to sell (and by willing to sell I don't mean "looking for a sucker" to buy my port for 10x its worth)
Because of the recent changes in IS I figured there might be some people who don't want to trouble themselves with it and essentially "sell out".

« Reply #24 on: September 25, 2010, 16:00 »
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I suspect you'll struggle to agree a value with anyone. A portfolio seller tends to have an optimistic view on future returns (assumes that income will continue largely at current levels) whereas the buyer tends to take a much more pessimistic view (assumes that the income will fall due to competition, etc).

For instance I would only consider selling my port for 3x annual earnings minimum. However if I were buying I'd be unlikely to pay more than 2x for someone else's port.


 

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