Author Topic: August numbers are out and all I can say is wow. (Read 17613 times)

Noedelhap · « **Reply #50 on:** September 20, 2019, 11:35 »

No refunds here, just very minimal sales, except for one 'big' credit pack sale.

MotionDesign · « **Reply #51 on:** September 20, 2019, 11:48 »

on istock i have only 50% of my portfolio (about 2700 images and 400 videos),
but i'm around 400/600$ every month (little over 600 on august)...not so bad...

Jo Ann Snover · « **Reply #52 on:** September 20, 2019, 15:20 »

Apparently there were two categories of mistakes made in reporting of Canva sales. The corrections show up as refunds - one person had 500 refunds and another 650...

1. reporting Australian $ sales as US $ amounts

2. Reporting sales at double the actual value

Getty also apparently apologizes for any inconvenience this may have caused.

Tossers!

charged · « **Reply #53 on:** September 20, 2019, 15:24 »

Saw on esp.gettyimages.com just now. Copied and pasted below.

---------------

Update to contributors on spike in returns on August statements.
just now
There were a number of licenses from one of our distribution partners, Canva, that were refunded on the August 2019 royalty statements and then re-reported at a corrected amount. There were two reasons for this:

1. Some Canva licenses of Essentials images were reported using the incorrect currency (USD instead of AUD). These were initially reported on the June 2019 statement, and corrected on the August 2019 statement.

2. Throughout 2018 to July 2019, a number of other Canva licenses were reported incorrectly to us at double the actual revenue. This resulted in an over-payment of royalties to contributors. These were corrected on the August 2019 statement.

In both examples, contributors impacted by this would see the original license removed and the correct relicense amount reported, which will be lower than the original license. All refunds appear in red on the royalty statement.

If you are seeing a number of refunds associated to Canva, we apologize for any inconvenience this has caused and for not notifying you in advance. We’re looking to our processes to try to ensure we can avoid this kind of issue in the future.

The Getty Images Contributor Relations Team

steheap · « **Reply #54 on:** September 20, 2019, 15:32 »

It would be nice if once, just once, they agreed to swallow the mistake between them (Canva and Getty) and keep the contributors whole...

Steve

christiano · « **Reply #55 on:** September 20, 2019, 15:39 »

Quote from: charged on September 20, 2019, 15:24

Saw on esp.gettyimages.com just now. Copied and pasted below.

---------------

Update to contributors on spike in returns on August statements.
just now
There were a number of licenses from one of our distribution partners, Canva, that were refunded on the August 2019 royalty statements and then re-reported at a corrected amount. There were two reasons for this:

1. Some Canva licenses of Essentials images were reported using the incorrect currency (USD instead of AUD). These were initially reported on the June 2019 statement, and corrected on the August 2019 statement.

2. Throughout 2018 to July 2019, a number of other Canva licenses were reported incorrectly to us at double the actual revenue. This resulted in an over-payment of royalties to contributors. These were corrected on the August 2019 statement.

In both examples, contributors impacted by this would see the original license removed and the correct relicense amount reported, which will be lower than the original license. All refunds appear in red on the royalty statement.

If you are seeing a number of refunds associated to Canva, we apologize for any inconvenience this has caused and for not notifying you in advance. We’re looking to our processes to try to ensure we can avoid this kind of issue in the future.

The Getty Images Contributor Relations Team

this is pure BS

Pauws99 · « **Reply #56 on:** September 22, 2019, 07:01 »

Quote from: steheap on September 20, 2019, 15:32

It would be nice if once, just once, they agreed to swallow the mistake between them (Canva and Getty) and keep the contributors whole...

Steve

Sadly it just shows where the balance of power lies between the agencies and their suppliers.

Mantis · « **Reply #57 on:** September 22, 2019, 07:34 »

Quote from: Pauws99 on September 22, 2019, 07:01

Quote from: steheap on September 20, 2019, 15:32
It would be nice if once, just once, they agreed to swallow the mistake between them (Canva and Getty) and keep the contributors whole...

Steve
Sadly it just shows where the balance of power lies between the agencies and their suppliers.

Exactly. And their debt is a huge lever. Canva, among others, can pull the puppet strings when Getty is in such debt. http://press.gettyimages.com/getty-images-completes-equity-investment-and-debt-refinancing-activities/ and https://www.ft.com/content/f8f08ae4-b052-11e8-8d14-6f049d06439c. They are desperate to find something that works, or they just keep trying things until something sticks.

qunamax · « **Reply #58 on:** September 22, 2019, 13:49 »

If that is true, I wonder if the person(s) that made the mistake of USD/AUD got fired or something.

JetCityImage · « **Reply #59 on:** September 22, 2019, 14:44 »

Quote from: qunamax on September 22, 2019, 13:49

"or something."

HughStoneIan · « **Reply #60 on:** September 22, 2019, 21:13 »

I only got 6 refunds, so I should feel better than you, right?

And how is it that on shutterstock I never got a single refund in 12 years with mostly the same images?

MRommens · « **Reply #61 on:** September 23, 2019, 06:42 »

Quote from: JetCityImage on September 19, 2019, 14:32

91 refunds.

Just shaking my head.

91 * 0,01 =...

Microstockphoto · « **Reply #62 on:** September 23, 2019, 11:22 »

soon you will all be paying to upload your images...mwuahahahahahaaaaaa

not funny, but that comes to mind seeing these bs accounting practices from the almighty getty. never seen a company with such a poor financial administration and so many errors.

fotoVoyager · « **Reply #63 on:** September 24, 2019, 07:45 »

Quote from: Microstockphoto on September 23, 2019, 11:22

soon you will all be paying to upload your images...mwuahahahahahaaaaaa

not funny, but that comes to mind seeing these bs accounting practices from the almighty getty. never seen a company with such a poor financial administration and so many errors.

They've already tried that - 'Photographer's Choice' they called it.

MicrostockGroup Sponsors

Author Topic: August numbers are out and all I can say is wow. (Read 17613 times)

Noedelhap

MotionDesign

Jo Ann Snover

charged

steheap

christiano

Pauws99

Mantis

qunamax

JetCityImage

HughStoneIan

MRommens

Microstockphoto

fotoVoyager

Related Topics

Sponsors

Microstock Poll Results

Sponsors