MicrostockGroup
Agency Based Discussion => iStockPhoto.com => Topic started by: MxR on September 19, 2015, 03:30
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Ok i will show 2 examples of the lowest subscription plan
Non-exclusive:
1 month, 35 eur -10 essentials images 10 x 0,28=you earn 2,80 USD (2,40 Eur aprox) and Istock earn 32,60 Eur
Exclusive, signature;
1 month, 85 eur -10 signature images 10 x 0,75=you earn 7,50 USD (6,50 Eur aprox) and Istock earn 78,50 Eur
Is this true??
Is like depositphotos... or worst...
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Exclusive, signature;
1 month, 85 eur -10 signature images 10 x 0,75=you earn 7,50 USD (6,50 Eur aprox) and Istock earn 78,50 Eur
Well, that part at least changes a bit with the Signature+ files. Based on the (limited) data I have, exclusives make more in the range of 1,20-1,50 per subscription download on average. If a customer only downloads Signature files, they would have to pay out maybe $15.
Then again, the Signature Subscription includes all Essential images as well, so you can assume it is more in the range of maybe $10-12. Highly profitable I'd say.
But you read the news, right? They need some cash urgently. ;)
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Ok i will show 2 examples of the lowest subscription plan
Non-exclusive:
1 month, 35 eur -10 essentials images 10 x 0,28=you earn 2,80 USD (2,40 Eur aprox) and Istock earn 32,60 Eur
Exclusive, signature;
1 month, 85 eur -10 signature images 10 x 0,75=you earn 7,50 USD (6,50 Eur aprox) and Istock earn 78,50 Eur
Is this true??
Is like depositphotos... or worst...
This is so true and bitter truth, one subs sale get almost $0,25 or 0,75 for now, but formerly we earned almost $5-15 from one credit sale, subscription system is very badly affecting our profits.
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10 s+ images would be 25 for the exclusive contributor. Even so, istock would keep 60 dollars, 71%. But S+ (in my case) are just one of every two downloads... and I have also some 0.34 essentials dls, probably bought with the s+ subscription. Then, you must bear in mind that even in this kind of subscriptions no all the monthly allowance is always downloaded. So it is difficult to know what percentage is paying istock in average, but it is not much.
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Is not fair, this subs are really "image packs"
With this movemenet kill the only good thing of subs: Quantity
Adobe: 25 eur 5 subs images /month: they pay 33%- 1,66 EUR of 5 eur
Istock: 1 month, 35 eur -10 essentials images 7% ?? 0,28$(0,24 eur) for 3,5 eur
For issues like this i closed my Depositphotos account.
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Shame on you Istock. Seriously considering deactivation of many files. Enough with this crap
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Just after some agencies stopped doing that kind of scam... ::)
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Prepare for subs and credit sales decreasing...
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Enough! >:(
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Well I am without doubt removing my imges of higher commercial value and better sellers, thats for sure. They're not going to lend themselves to this scam. Its become an embarrassment.
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they should pay at least from 1$ to 1,75$ for each signature to be fair with whom who get the 40% and it is exclusive.
and from 2,5$ to 3,5$ for the signature+...
they like to cheat us with financial tricks as always...i'm not surprised.
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On the other hand, if the costumer buy the annual plan with 100 images/month at 209 euros/month.
And if the costumer buy 100 S+ images at 2,5$ each for 250$...
Istock receive 209 euros which are about 250$ and give 100% to you.
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On the other hand, if the costumer buy the annual plan with 100 images/month at 209 euros/month.
And if the costumer buy 100 S+ images at 2,5$ each for 250$...
Istock receive 209 euros which are about 250$ and give 100% to you.
If that happened often, they'd surely change the deal in their favour.
Whereas with this new deal, they're quids in.
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I'm just saying that the percentage varies from 10% to 100% depending on the package.
I'm more afraid of the low price rather than the % I get.
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I'm just saying that the percentage varies from 10% to 100% depending on the package.
I'm more afraid of the low price rather than the % I get.
I'm not happy with either the low price or the percentage. I don't like subs and never supplied anywhere which sold subs, other than Alamy's UK Newspaper Scheme.
It's just death by a thousand cuts (metaphorically).
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On the other hand, if the costumer buy the annual plan with 100 images/month at 209 euros/month.
And if the costumer buy 100 S+ images at 2,5$ each for 250$...
Istock receive 209 euros which are about 250$ and give 100% to you.
You are right. How can we dare to criticize iStock/Getty after all they've done and still do for us?
How ungrateful we are!
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On the other hand, if the costumer buy the annual plan with 100 images/month at 209 euros/month.
And if the costumer buy 100 S+ images at 2,5$ each for 250$...
Istock receive 209 euros which are about 250$ and give 100% to you.
The bigger the plan, the biggest the possibility that won't be fully used. I wouldn't bet for more that 70% on average for annual plans. On the other hand the S+ subscription includes essential, S and S+ files. In my case the percentatge of S+ is beetwen 1/3 and 1/2. Note that customers don't have a way to know if a file is S or S+. They simply buy what better fill their needs.
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Seriously ilbusca, don't be naive. That 100% scenario is not happening.
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I'm just saying that the OP chose the worst scenario and got 10%. I shown the best one and got 100%. Reality on average would be somewhere in the middle, probably around 35%-40%. So for some of you is even a raise in % rather than a decrease.
As i said before I'm more concerned about the low price in general.
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I'm just saying that the OP chose the worst scenario and got 10%. I shown the best one and got 100%. Reality on average would be somewhere in the middle, probably around 35%-40%. So for some of you is even a raise in % rather than a decrease.
This thread is specifically about the new monthly subs plan. It's in the title.
Do you honestly think anyone could get a percentage raise under either of the 10 subs/month plans?
The best percentage is slightly over 25%.
BTW, after two time outs, I managed to get onto the Plans and Pricing page, and the 10subs/month seems not to be available to me at the moment.
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I understand that this thread is about the new plan.
What I pointed out is that, yes, this plan is disadvantageous for us but many others give us more than our "regular" royalties, in %.
Since the royalties for each download is fixed regardless of what the client paid, this is obvious.
I think that, in average, percentage subs are not paid less than regular, much probably is the opposite.
Just that.
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BTW, after two time outs, I managed to get onto the Plans and Pricing page, and the 10subs/month seems not to be available to me at the moment.
Tiny bit of good news.
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BTW, after two time outs, I managed to get onto the Plans and Pricing page, and the 10subs/month seems not to be available to me at the moment.
Tiny bit of good news.
But that was when logged in in Firefox.
I cleared all history, cache, cookies etc in IE and the 10/month subs are available.
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And now it's available logged in via FF.
I guess the temporary unavailability was something to do with the problem that was causing the time outs. (maybe removing the 25% discount which was due to end at midnight on the 5th?)
SNAFU.
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What I pointed out is that, yes, this plan is disadvantageous for us but many others give us more than our "regular" royalties, in %.
I think that, in average, percentage subs are not paid less than regular, much probably is the opposite.
Just that.
I think the main point you are missing is that you are comparing this new plan to other sub plans.
This new plan will replace almost all CREDIT sales, other than the tiniest of buyers who are interested in buying only one image at a time, once in a great while. (If there are any of those remaining, since most of those left when they changed to "any size, one price").
So regardless if the percentage is 10% or 40%, our RPD will plummet if this plan is rolled out worldwide.
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Since it appears credit sales is going extinct, next thing I expect is RC to go away and a flat % for indies and another for exclusive on any last credit sales that trikles in.
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Now we have the answer to what will the new CEO do for us.
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Now I can see it here in the USA, I am located in SC. It's so nice to be shafted, gives me a warm tingly feeling. My credit sales were actually picking up! make $7 to $8 per sale. Fingers crossed they don't sale video packs!!!!
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Now we have the answer to what will the new CEO do for us.
It's not her - Dawn Airey to the role of Chief Executive Officer, with effect from October 12, 2015.
http://press.gettyimages.com/getty-images-appoints-dawn-airey-as-chief-executive-officer/ (http://press.gettyimages.com/getty-images-appoints-dawn-airey-as-chief-executive-officer/)
Can it get any worse?
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Now we have the answer to what will the new CEO do for us.
It's not her - Dawn Airey to the role of Chief Executive Officer, with effect from October 12, 2015.
[url]http://press.gettyimages.com/getty-images-appoints-dawn-airey-as-chief-executive-officer/[/url] ([url]http://press.gettyimages.com/getty-images-appoints-dawn-airey-as-chief-executive-officer/[/url])
Can it get any worse?
Of course it can. Eventually iStock will be charging us to host our ports and paying customers to use our images.
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This is a scam and an insult to exclusive contributors. It makes no sense to remain exclusive. Shame on stock/getty
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How long will it take for the financial effects of this to be fully felt by contributors? This will help in timing my exit from being exclusive.
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How long will it take for the financial effects of this to be fully felt by contributors? This will help in timing my exit from being exclusive.
As soon as people use up exisiting credit packs.
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How can they call it subscription? They are selling credits packs and calling it "subscription" in order to steal the money from their own contributors? How can one remain exclusive of these kind of con artists? They must be desperate for cash what means that they must be going out of business soon.
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How can they call it subscription? They are selling credits packs and calling it "subscription" in order to steal the money from their own contributors? How can one remain exclusive of these kind of con artists? They must be desperate for cash what means that they must be going out of business soon.
I'm absolutely as upset about this as everyone else. I'm sure my income, which has already been halved in the last year or so, is going to take an even bigger hit now.
But this also hurts iStock's bottom line. Let's say there's a buyer who would buy 60 credits, enough for 20 Signature files (I'm exclusive, but I suspect the math works similarly for Essential files). They'd pay $520, and iStock would get (in my case) 70% of that, or $364. The equivalent monthly sub gives the buyer 25 Sig files, and they pay only $150. Even if iStock kept 100%, they'd still be making about 40% of what they would have made.
So it seems like a desperate move by iStock to grab subscribers, at any cost. And that cost will be very steep, indeed.
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...But this also hurts iStock's bottom line. Let's say there's a buyer who would buy 60 credits, enough for 20 Signature files (I'm exclusive, but I suspect the math works similarly for Essential files). They'd pay $520, and iStock would get (in my case) 70% of that, or $364. The equivalent monthly sub gives the buyer 25 Sig files, and they pay only $150. Even if iStock kept 100%, they'd still be making about 40% of what they would have made....
To me, this suggests that they are hemorrhaging buyers and these prices are an attempt to get the volume of sales back up. You only make more with the old pricing if you're actually selling any/many.
Using your example above, if there used to be 100 buyers of the 60 credit packs, netting iStock $36,400, but now there are only 20 buyers ($7,280), they may think that if they could get back the 100 buyers at $135 each (let's say they only keep 90%) - $13,500 - they're nearly doubling their take.
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Maybe they are trying to secure money from Investors?
The kind of "story " where it is all about "growth"?
Maybe they can also attribute some fictional value to every new subscriber just like all the files are valued as "assets " even though they don't own anything?
I really don't understand getty logic, they seem to run their high end getty marketplace quite well, but they never figured out what to do with istock.
Every year they try something new hoping it will somehow work, but there is no vision.
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iStock has just made my life easier. With this new "subs" deal I no longer feel any reason to upload anything to them. I stopped uploading video over a year ago and now I can leave them off my upload list for stills as well.
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Now we have the answer to what will the new CEO do for us.
It's not her - Dawn Airey to the role of Chief Executive Officer, with effect from October 12, 2015.
[url]http://press.gettyimages.com/getty-images-appoints-dawn-airey-as-chief-executive-officer/[/url] ([url]http://press.gettyimages.com/getty-images-appoints-dawn-airey-as-chief-executive-officer/[/url])
Can it get any worse?
True. Now read this one http://app.e.gettyimages.com/e/es?s=2768&e=1545350&elq=3cd44f245c894c049d0940ffd7f99f88&elqaid=23015&elqat=1&elqTrackId=e26a337a7bfa45e49c2e376e748508e1 (http://app.e.gettyimages.com/e/es?s=2768&e=1545350&elq=3cd44f245c894c049d0940ffd7f99f88&elqaid=23015&elqat=1&elqTrackId=e26a337a7bfa45e49c2e376e748508e1) and see if you can find the word iStock in it?
I hope she does see the problems and makes some changes that encourage us to stay and contribute.
Here's hope it can only get better?
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https://contributors.gettyimages.com/forum/default.aspx?g=posts&t=3681&p=2#post33683
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i posted this in another thread, i will also in this
we need action for all contributors, like was for dpc.
why are the Russians so quiet?
I haven't sent them anything new in months. This is the last straw for me. I just deactivated 50 of my best and will remove more each day until they are only left with very old/less popular files. I'm sure they couldn't care less, but it makes me feel better. My message to them on "reason for deactivating"....
New $40 "subs" package = 7% commission. As if 16% wasn't insulting enough. No Thanks.
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170 deactivated, 1260 to go. Why would any buyer in their right mind pay Shutterstock $49 for 5 files when they can pay IStock $40 and get those 5 plus 5 more? I realize that everyone's situation is different, but my decision is easy. Shutterstock On-Demand and Single downloads are a huge portion of my income and I have no choice but to protect the value of these files from greedy bass turds like IS.
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Why not just contact them and close your account, if that's your intention? That way you'll get your last pay, even if it's less than $100.
170 deactivated, 1260 to go. Why would any buyer in their right mind pay Shutterstock $49 for 5 files when they can pay IStock $40 and get those 5 plus 5 more? I realize that everyone's situation is different, but my decision is easy. Shutterstock On-Demand and Single downloads are a huge portion of my income and I have no choice but to protect the value of these files from greedy bass turds like IS.
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Why not just contact them and close your account, if that's your intention? That way you'll get your last pay, even if it's less than $100.
There's about 2-300 I'm not going to deactivate that have never sold on SS. You never know, IS could get sold to someone not quite so greedy someday. Not likely, but with just leaving my 10-yr-old stinkeroos, I'm not risking much to wait and see.