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Author Topic: RC 'targets' reduced?  (Read 3558 times)

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« on: May 25, 2014, 04:33 »
0
It looks to me as if iStock has quietly reduced the RC targets. My stats page shows 11,000 as being the 17% threshold, whereas the link to how the system works shows 12,500 as the 17/30% threshold.  I've no idea when this happened, quite some time ago I suspect.


ShadySue

  • There is a crack in everything
« Reply #1 on: May 25, 2014, 05:31 »
0
The targets were reduced in 2011: http://www.istockphoto.com/forum_messages.php?threadid=338691&page=1

There are several places where two pages don't correspond. Some have been pointed out on their forum, but they don't seem able to spare a junior programmer's time to change them.

Another example:
http://www.istockphoto.com/help/sell-stock/about-royalties
where it says:
"Every time one of your files is downloaded your Canister icon gets a little closer to the next level. The number of files you can upload to iStock each week increases as your Canister level moves up", whereas in reality, someone joining today can upload 999/week.
« Last Edit: May 25, 2014, 07:50 by ShadySue »

« Reply #2 on: May 25, 2014, 05:35 »
+2
Right, thanks. I must have forgotten about it, I was thinking that it might mean they planned to start applying the "levels" again, which would be a step backwards for a lot of people (including me, the way sales have been this year).

ShadySue

  • There is a crack in everything
« Reply #3 on: May 25, 2014, 05:42 »
+2
Right, thanks. I must have forgotten about it, I was thinking that it might mean they planned to start applying the "levels" again, which would be a step backwards for a lot of people (including me, the way sales have been this year).
It's the same for many of us, and it can only get worse as a proportion of their buyers use up existing credit bundles and switch to subs, for which we don't get RCs. Or find/use the DPC.

« Reply #4 on: May 26, 2014, 08:43 »
0
With introduction of subs on iStock the majority of buyers soon will switch to subs making the whole idea of RC system irrelevant.
Getty will bring the old canister levels back as the next try to keep exclusives on board.

wds

« Reply #5 on: May 26, 2014, 09:28 »
+1
With introduction of subs on iStock the majority of buyers soon will switch to subs making the whole idea of RC system irrelevant.
Getty will bring the old canister levels back as the next try to keep exclusives on board.

I question the future of the RC system, but I find it hard to believe that the canister system will be revived since it would most likely cause an overall increase in royalty payout.

KB

« Reply #6 on: May 26, 2014, 10:28 »
+1
With introduction of subs on iStock the majority of buyers soon will switch to subs making the whole idea of RC system irrelevant.
Getty will bring the old canister levels back as the next try to keep exclusives on board.

I question the future of the RC system, but I find it hard to believe that the canister system will be revived since it would most likely cause an overall increase in royalty payout.
Not necessarily. They could set the limits so that the majority of contributors are in the lowest bracket or two, and make the bands large enough so that almost no one will ever move out of their bracket (assuming that sub sales would not count towards canister levels).

But I think it's just as likely they decide to scrap the entire tiering, and switch to a flat royalty (e.g., 15% for independents, 30% to exclusives).

« Reply #7 on: May 26, 2014, 12:32 »
+1
With introduction of subs on iStock the majority of buyers soon will switch to subs making the whole idea of RC system irrelevant.
Getty will bring the old canister levels back as the next try to keep exclusives on board.
But I think it's just as likely they decide to scrap the entire tiering, and switch to a flat royalty (e.g., 15% for independents, 30% to exclusives).

Getty need more content to compete with SS.
They need a system to motivate contributors to upload more stuff.
Both old canister and RC are motivating contributors to upload more, to sell more, to get more %.

With new subs RC became irrelevant and flat royalty rate will not motivate contributors to upload new stuff.
Getty will bring the old canister levels back.

KB

« Reply #8 on: May 26, 2014, 14:12 »
+1
With introduction of subs on iStock the majority of buyers soon will switch to subs making the whole idea of RC system irrelevant.
Getty will bring the old canister levels back as the next try to keep exclusives on board.
But I think it's just as likely they decide to scrap the entire tiering, and switch to a flat royalty (e.g., 15% for independents, 30% to exclusives).

Getty need more content to compete with SS.
They need a system to motivate contributors to upload more stuff.
Both old canister and RC are motivating contributors to upload more, to sell more, to get more %.

With new subs RC became irrelevant and flat royalty rate will not motivate contributors to upload new stuff.
Getty will bring the old canister levels back.
Let me say, I really hope you're right, as that would give me an almost 20% increase in my royalty rate (from 30% to 35%), which I'd love. But I'd bet against that happening.

However, personally, that wouldn't motivate me to upload new stuff. I need to see an increase in sales -- both old and new files -- for that to happen, rather than the continued decrease I've been experiencing. And I don't have a clue how they could accomplish that.

ShadySue

  • There is a crack in everything
« Reply #9 on: May 26, 2014, 18:38 »
0
Getty need more content to compete with SS.
They need a system to motivate contributors to upload more stuff.
Nah, they've heard of new uploads and want no truck with them.
They've replaced one upload problem with another, and new files go into the Void anyway.
No motivation to upload more stuff.


 

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