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Author Topic: Vetta Sale at iStock  (Read 66081 times)

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ShadySue

  • There is a crack in everything
« Reply #100 on: December 08, 2010, 07:37 »
0
I'm curious to know what programme this was?  Sounds interesting... I may try to catch it online.

I record what few programmes I want to watch... so I always whizz through the ads.  I only stop to watch one if there's something fleetingly interesting regarding an idea for an image...

The Food that made Billions, "Series which tells the story of how big business feeds us by transforming simple commodities into everyday necessities and highly profitable brands"  http://www.bbc.co.uk/programmes/b00wdf5t.
Three programmes, bottled water, breakfast cereals and yogurt.
Ha! I still remember when our French teacher told us that French people bought water in bottles and we didn't believe her! And I remember years later going to France, finding it was true, and thinking it was insane!
It's easy to avoid ads if you always watch the Beeb!


rubyroo

« Reply #101 on: December 08, 2010, 08:11 »
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Brilliant :)  Thanks Sue, I'll have a look at those.

Bottled water - yes, I remember thinking the same thing!

Ads - agree there too - I mostly use the Beeb, but I can't stop myself from recording re-runs of Frasier on Channel 4.  I've a soft spot for it  ;)

ShadySue

  • There is a crack in everything
« Reply #102 on: December 08, 2010, 08:12 »
0
Brilliant :)  Thanks Sue, I'll have a look at those.

Bottled water - yes, I remember thinking the same thing!

Ads - agree there too - I mostly use the Beeb, but I can't stop myself from recording re-runs of Frasier on Channel 4.  I've a soft spot for it  ;)

Oh, I love Frasier - didn't know they were rerunning it.

jbarber873

« Reply #103 on: December 08, 2010, 08:22 »
0
Brilliant :)  Thanks Sue, I'll have a look at those.

Bottled water - yes, I remember thinking the same thing!

Ads - agree there too - I mostly use the Beeb, but I can't stop myself from recording re-runs of Frasier on Channel 4.  I've a soft spot for it  ;)

Oh, I love Frasier - didn't know they were rerunning it.

 Over here in the US, we're tired of Fraiser re-runs, but we watch Top Gear re-runs endlessly ;D

« Reply #104 on: December 08, 2010, 09:09 »
0
Brilliant :)  Thanks Sue, I'll have a look at those.

Bottled water - yes, I remember thinking the same thing!

Ads - agree there too - I mostly use the Beeb, but I can't stop myself from recording re-runs of Frasier on Channel 4.  I've a soft spot for it  ;)

Oh, I love Frasier - didn't know they were rerunning it.



 Over here in the US, we're tired of Fraiser re-runs, but we watch Top Gear re-runs endlessly ;D

Seinfeld here.  :D

« Reply #105 on: December 08, 2010, 09:20 »
0

I guess it depends on how you look at. I upload my butt off. I work at producing better content everyday. I'm serious about my business. I guess that comment will ruffle feathers, but it's not meant to...


I don't have as large a portfolio as you do, but I work hard at producing high quality work. I became exclusive with a set of royalty schedules in place that made financial sense. Within weeks of making the 40% royalty rate I've been working towards I lose it because they've changed the rules.

I worked my effing butt off, made it, and had it taken away. I'm pi@#ed, demotivated and deeply, deeply distrustful of just about anything that HQ says.

 It was last December I was overjoyed that they grandfathered the next cannister level only to have them play weasel word games with that promise. They did keep the canister level, but they uncoupled the royalty rate that had always been tied to it (and which they knew no one would ever think would be uncoupled when contributors parsed the sentence promising grandfathering). The joy then makes the anger now even more profound.

The fact that there's some utter hogwash about earning back our trust in the September announcements and then KT goes into hiding around IS just pours fuel on the fire. Yes, he'd get yelled at if he came to the forums, but he just chickened out and abandoned contributors to lick their wounds.

We have recent evidence that just because they say something doesn't mean it'll still be true a short time later. That's not being conspiratorial, it's just being sentient given all the data in front of us.

The whole situation is just so ugly and grasping and greedy. And to think that when they said they were given the target of growing the business by 50% this year, I naively thought they'd actually grow the business, vs. grow their profits by squeezing contributors.

So I really don't appreciate comments about how you work your butt off and it'll all be all right. I did, and it isn't.

As usual, +1 on jsnover's comments.

Quote
From SNP: I guess it depends on how you look at. I upload my butt off. I work at producing better content everyday. I'm serious about my business. I guess that comment will ruffle feathers, but it's not meant to. my point is that contributors who mean to produce and improve and supply will reach their targets. if contributors on the whole don't meet targets, or just miss them....it seems they'll revisit the targets to the benefit of contributors.

I don't appreciate the comment about "being serious about your business" either. Just because a person isn't an uploading factory doesn't mean they aren't serious about their business. The statement and the whole situation reminds me of that of a wife-abuser. He beats the crap out of her then tells her it's her fault because she shouldn't have said or done something. Getty/IS takes away our commissions, changes the goalposts, "borrows" EL money, breaks the search engine, breaks the reporting of sales, and then some people have the gall to say it's our fault because we didn't work hard enough or we're not good businesspeople.
« Last Edit: December 08, 2010, 09:24 by cclapper »

ShadySue

  • There is a crack in everything
« Reply #106 on: December 08, 2010, 09:22 »
0
Over here in the US, we're tired of Fraiser re-runs, but we watch Top Gear re-runs endlessly ;D

Seinfeld here.  :D
[/quote]

Ooooh, I loved Seinfeld, but in the UK they changed its place in the scheduling constantly, and as I don't watch Channel 4 as a rule, I only saw a very few episodes.

ShadySue

  • There is a crack in everything
« Reply #107 on: December 08, 2010, 09:23 »
0

I guess it depends on how you look at. I upload my butt off. I work at producing better content everyday. I'm serious about my business. I guess that comment will ruffle feathers, but it's not meant to...


I don't have as large a portfolio as you do, but I work hard at producing high quality work. I became exclusive with a set of royalty schedules in place that made financial sense. Within weeks of making the 40% royalty rate I've been working towards I lose it because they've changed the rules.

I worked my effing butt off, made it, and had it taken away. I'm pi@#ed, demotivated and deeply, deeply distrustful of just about anything that HQ says.

 It was last December I was overjoyed that they grandfathered the next cannister level only to have them play weasel word games with that promise. They did keep the canister level, but they uncoupled the royalty rate that had always been tied to it (and which they knew no one would ever think would be uncoupled when contributors parsed the sentence promising grandfathering). The joy then makes the anger now even more profound.

The fact that there's some utter hogwash about earning back our trust in the September announcements and then KT goes into hiding around IS just pours fuel on the fire. Yes, he'd get yelled at if he came to the forums, but he just chickened out and abandoned contributors to lick their wounds.

We have recent evidence that just because they say something doesn't mean it'll still be true a short time later. That's not being conspiratorial, it's just being sentient given all the data in front of us.

The whole situation is just so ugly and grasping and greedy. And to think that when they said they were given the target of growing the business by 50% this year, I naively thought they'd actually grow the business, vs. grow their profits by squeezing contributors.

So I really don't appreciate comments about how you work your butt off and it'll all be all right. I did, and it isn't.

As usual, +1 on jsnover's comments.

I don't appreciate the comment about "being serious about your business" either. Just because a person isn't an uploading factory doesn't mean they aren't serious about their business. The statement and the whole situation reminds me of that of a wife-abuser. He beats the crap out of her then tells her it's her fault because she shouldn't have said or done something. Getty/IS takes away our commissions, changes the goalposts, "borrows" EL money, breaks the search engine, breaks the reporting of sales, and then some people have the gall to say it's our fault because we didn't work hard enough or we're not good businesspeople.
+1 on both JoAnn and Cathy

« Reply #108 on: December 08, 2010, 09:40 »
0
If someone has a tiny number of super selling files (I've seen at least one diamond with fewer than 50 files) they're hardly 'working their butt off', but they are garnering loads of money for iStock.
You'd almost think that would be preferable...less storage space than thousands of files and less bandwidth usage because such people are not uploading tons of new photos every week, also less time spent by inspectors. So basically, iStock has to do almost nothing for such people but are still reaping the greater portion of the rewards.
« Last Edit: December 08, 2010, 09:52 by caspixel »

« Reply #109 on: December 08, 2010, 10:27 »
0
I'd say you are precisely the type of diamond they want producing more. in close to 7 years, you have just 2,500 files. that's less than 40 uploaded per month over 6 years...to be conservative since you're not quite at 7 years. that is simply not enough to maintain sales or growth. in any business that growth per year would not be adequate in terms of supporting further growth.

You're forgetting that I was independent for nearly 4 years before becoming exclusive. Many of my best sellers elsewhere were composites and raster illustrations that iStock either refused or which I didn't upload there - after a while I just stopped. I also deactivated a bunch of so-so sellers during the horrors of disambiguation. It took a ton of time to disambiguate my files and for some of them it didn't seem worth it.

I started uploading at iStock in September 2004. How does that get to be "not quite at 7 years."?

At any rate, I acknowledge your opinion that I'm not a hard enough worker. I would point out that around 2 to 3 percent of iStock contributors are diamond and I'm one of them. Not quite sure if I'm such crap what that makes everyone else who isn't diamond. Lump of coal in our stockings for all of us who just aren't pulling our weight, eh?

SNP

  • Canadian Photographer
« Reply #110 on: December 08, 2010, 10:42 »
0
first off, I think we both know that wasn't what I said. I clearly acknowledge your contribution to the community Jo Ann, and it's too bad generosity towards your peers doesn't garner royalties. I know you were independent and I used 2004 as your start year. we're heading into 2011 = almost 7 years. but I rounded down when calculating the number of files you have uploaded per month to be fair.

my only point is that the new system fits contributors according to their rate of production, rather than a blanket level that doesn't differentiate between a contributor that uploads 1200/yr & one who uploads just 100 files per year. the levels are what they are and hopefully they are adjusted to be fair.

« Reply #111 on: December 08, 2010, 10:46 »
0
...there are many higher canister levels who reached diamond--the second to highest canister level--simply by whittling away at it for a few years. that's okay, but why should they get the same income as a contributor producing hundreds of files per month, and therefore generating income with more downloads (assuming the quality is there).


gimme a break.  this is your theory?  that if I work my ass off and produce hundreds of files a month that I should be paid more than someone like myself who works their ass off for their photography business in every spare moment of their life yet doesn't produce hundreds of files per month because I still have to put food on the table and raise my children alone?  This is the most ridiculous thing I've heard.  Don't you think it should have something to do with the quality of images or the sale-ability of a file and not just who can work like photo-factory?  That's like asking why should a guy who's been at his job for 25 years be at the top of the payscale when a guy that just got out of college starts at the bottom.  Your theory is ridiculous.  i don't think iStock really cares about the individual contributor's incomes.  it's all about the bottom line for them - the total.  They are looking at it in total and seeing where they can skim off the most money for themselves.  If some of their contributors get screwed in the process, well, they don't really seem to care.  

« Reply #112 on: December 08, 2010, 10:48 »
0
first off, I think we both know that wasn't what I said. I clearly acknowledge your contribution to the community Jo Ann, and it's too bad generosity towards your peers doesn't garner royalties. I know you were independent and I used 2004 as your start year. we're heading into 2011 = almost 7 years. but I rounded down when calculating the number of files you have uploaded per month to be fair.

my only point is that the new system fits contributors according to their rate of production, rather than a blanket level that doesn't differentiate between a contributor that uploads 1200/yr & one who uploads just 100 files per year. the levels are what they are and hopefully they are adjusted to be fair.

okay.. so when I was typing you replied to Jo Ann here.  so you were just stating what you see is how the new system is designed, yes?  that was not your philosophy or theory on how we should be compensated, right?

ShadySue

  • There is a crack in everything
« Reply #113 on: December 08, 2010, 10:48 »
0
my only point is that the new system fits contributors according to their rate of production, rather than a blanket level that doesn't differentiate between a contributor that uploads 1200/yr & one who uploads just 100 files per year. the levels are what they are and hopefully they are adjusted to be fair.
Nope, it has nothing to do with contributer's rate of production, but their rate of sales, which isn't necessarilty the same thing.
The figures aren't going to be adjusted to be 'fair', they're going to be adjusted to fit a bell chart which meets their desired profitability rate.
If they can make us all work like drones while our profitability goes down, they're laughing all the way to the bank.

« Reply #114 on: December 08, 2010, 10:49 »
0
my only point is that the new system fits contributors according to their rate of production, rather than a blanket level that doesn't differentiate between a contributor that uploads 1200/yr & one who uploads just 100 files per year. the levels are what they are and hopefully they are adjusted to be fair.
Nope, it has nothing to do with contributer's rate of production, but their rate of sales, which isn't necessarilty the same thing.
The figures aren't going to be adjusted to be 'fair', they're going to be adjusted to fit a bell chart which meets their desired profitability rate.

bingo!  (on the part I bolded) :)

lagereek

« Reply #115 on: December 08, 2010, 10:56 »
0
Sick and tired, fed-up, bored-stiff and vomiting over Seinfeld!!!!!!!!!!!!!!!!!!!!  how can you yanks like that total moronic crettin???????????????????

ShadySue

  • There is a crack in everything
« Reply #116 on: December 08, 2010, 10:58 »
0
Sick and tired, fed-up, bored-stiff and vomiting over Seinfeld!!!!!!!!!!!!!!!!!!!!  how can you yanks like that total moronic crettin???????????????????
I'm not a Yank.
But at least you didn't tag me as English!  ;) :P

rubyroo

« Reply #117 on: December 08, 2010, 10:59 »
0
@jamirae and shadysue

I was just about to 'bingo' that myself.  So... err... double-bingo!

SNP

  • Canadian Photographer
« Reply #118 on: December 08, 2010, 11:01 »
0
it's not nonsense at all. and you'll notice in my post that I acknowledged that the quality obviously has to be there. chances are someone who isn't that *good* wouldn't be uploading 1,000 average images regularly anyways. I'm constantly surprised how often buyers choose *average* files. often designers want a foundation image without anything done to it so they can design its use themselves etc. you're effectively making my point even more clear. bad files move back. I'd agree that poor files are most of the time moved back as they go without being purchased (and sometimes good files get buried due to circumstance and eventually pop up in best match again and start to sell). so if someone with close to a decade of experience is continually improving and growing their portfolio, their files will not be amongst the files being pushed back because they'll be selling and they'll more easily reach their RC targets.

sorry, but serious contributors are uploading more than 10 files per week because we all know of each ten uploaded, MAYBE 1 will take off and that's being optimistic. usually not all 10. contributors who are looking to see growth upload. period. I'll use my own portfolio to be fair. I know someone with the same sized portfolio as me and he garners 10x the number of sales that I do. his performance is astronomical. but I've been on iStock for four years and my port is almost at 6K. I reached my RC target three months ago. I'm no sjlocke....but I upload a lot. I often fill my upload slots and I have a busy life too. I have to put food on my table too. I have a family, I have responsibilities and I also have writing obligations. I write three hours per day. so what? who you are as a person doesn't get factored into your RC.

and yes, OF COURSE your sales numbers have to move up with your portfolio growth. that's stating the obvious.
« Last Edit: December 08, 2010, 11:21 by SNP »

helix7

« Reply #119 on: December 08, 2010, 11:05 »
0
...my only point is that the new system fits contributors according to their rate of production, rather than a blanket level that doesn't differentiate between a contributor that uploads 1200/yr & one who uploads just 100 files per year. the levels are what they are and hopefully they are adjusted to be fair.

I don't think that's istock's intention, to encourage increased production. If anything they've made it pretty clear that these days they favor quality over quantity.

I think this system is designed simply to increase profitability. Whether or not istock actually needs to be more profitable is certainly a point of debate. But the system is nothing more than a means of cutting royalty rates while making contributors think that they still have a chance to maintain their current earnngs. And they'll use this RC boost for the top 1% to say, "Look, these people reached their goals. So can you!" Meanwhile, most of us will not reach those goals.

Just the fact that istock has to give this RC boost during the Vetta sale seems to suggest that even fewer people are on pace to reach their RC goals than they previously expected. They need to get a bunch more people over the hump and they're going to try and do it with the sale. So come January they have more people at goal levels and they can sell the rest of us on the new rates and RC targets as being "sustainable."

SNP

  • Canadian Photographer
« Reply #120 on: December 08, 2010, 11:09 »
0
^ I somewhat agree. I'm simply using the example I used as where we're starting from with the new system and why some canisters aren't reaching their RC targets. however, I'd say iStock is looking for quality and quantity. in fact, wasn't there recently an article or thread where they asked us to upload more? I'll look for it.

ShadySue

  • There is a crack in everything
« Reply #121 on: December 08, 2010, 11:17 »
0
Just the fact that istock has to give this RC boost during the Vetta sale seems to suggest that even fewer people are on pace to reach their RC goals than they previously expected. They need to get a bunch more people over the hump and they're going to try and do it with the sale. So come January they have more people at goal levels and they can sell the rest of us on the new rates and RC targets as being "sustainable."


They don't need to do that. All they need to do is look at their bell chart and revise the targets downwards if necessary.
Besides, RogerMexico said, "No, that isn't what the sale is about. If more people than we anticipate are going to miss the targets... then we'll adjust the targets. These bonus RCs aren't connected to that."
which must, obviously, be true.
http://www.istockphoto.com/forum_messages.php?threadid=279912&page=9 (very bottom of that page)

« Reply #122 on: December 08, 2010, 13:00 »
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Jo Ann - I say this with respect, because I know you know the business. I would not highlight you as an example, but since you did in response to my post, I'd say you are precisely the type of diamond they want producing more. in close to 7 years, you have just 2,500 files. that's less than 40 uploaded per month over 6 years...to be conservative since you're not quite at 7 years. that is simply not enough to maintain sales or growth. in any business that growth per year would not be adequate in terms of supporting further growth.

Sorry, but that is complete nonsense. Ten superb files a week are worth more than 1,000 average ones.

95% of the images that are produced are no better or worse than a dozen others of identical subjects that are already in the collection and all the frenzied image production activity is doing is allowing submitters to jostle with each other for search engine position.

Istock's business would probably be better and more sustainable with 10,000 absolutely superb files entering the collection each month and no dross than it is with the avalanche it has at the moment that sometimes buries the occasional gem so deep, so fast that it vanishes forever.

Thank you for stating the obvious. Sad that it needs to be stated at all, but bravo for trying to help those who just don't seem to get it.

« Reply #123 on: December 08, 2010, 13:03 »
0
Seinfeld here.  :D

Seinfeld here, too  :D

« Reply #124 on: December 08, 2010, 13:05 »
0

Quote
From SNP: I guess it depends on how you look at. I upload my butt off. I work at producing better content everyday. I'm serious about my business. I guess that comment will ruffle feathers, but it's not meant to. my point is that contributors who mean to produce and improve and supply will reach their targets. if contributors on the whole don't meet targets, or just miss them....it seems they'll revisit the targets to the benefit of contributors.

I don't appreciate the comment about "being serious about your business" either. Just because a person isn't an uploading factory doesn't mean they aren't serious about their business. The statement and the whole situation reminds me of that of a wife-abuser. He beats the crap out of her then tells her it's her fault because she shouldn't have said or done something. Getty/IS takes away our commissions, changes the goalposts, "borrows" EL money, breaks the search engine, breaks the reporting of sales, and then some people have the gall to say it's our fault because we didn't work hard enough or we're not good businesspeople.

Yeah, I took offense to that haughty bit as well.


 

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