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Author Topic: What do you think of Gettyimages' e-mail about the new business model?  (Read 6698 times)

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« Reply #25 on: June 23, 2021, 11:08 »
+1
Just beginning with video and 4K. Don't intend do upload videos at GI.
Worry about possible $0,003 video sales at GI in a few years.


« Reply #26 on: June 24, 2021, 11:22 »
+3
Just beginning with video and 4K. Don't intend do upload videos at GI.
Worry about possible $0,003 video sales at GI in a few years.
you don't need to wait few years...0.0003$ sales  are already there....istock getty it's a joke for video...

Uncle Pete

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« Reply #27 on: September 27, 2021, 09:50 »
0
Here's some interesting reading from 2019. If you read the whole thing you see the industry, how Getty came, changed and where Getty is going. Where we are also being led.

https://tinyurl.com/3w7k5epz

"None of which is encouraging for stock photographers themselves. Zera, the Seattle-area photographer, says the downward price spiral has made stock photography all but untenable for professionals like him.

Everybody wants pretty pictures as long as they dont cost anything, he says. And thats not a very solid business model."

$0.00380 sales? 1c subscription commissions?

« Reply #28 on: September 27, 2021, 11:11 »
0
Every time there's an announcement like this, there's always skepticism from contributors. But the most important part that everyone seems to miss, is that they said they're confident it will result in more revenue... they didn't say who is going to be the recipient of this additional revenue. I have no doubt that this will result in more revenue. For iStock. They wouldn't have implemented it otherwise... they just never mentioned that it would result in more revenue for us lot. Keep that in mind when you're all posting "they promised us more revenue" a month, six months, a year down the line. They didn't.

 

The skepticism is well warranted. sites like 123RF said "your income will double". Nope, not even close. Contributors are right to be very leery of these "exciting announcements". At 1.5 to 2x still prices, I would be getting somewhere in the 20 cent to 4$ range for video - most at the lower end. I am presuming the <.01 "sales" are for some other scheme, otherwise I'd be getting 1.5 to 2X that for video (if I ever sent video to Getty, which isn't going to happen unless they really change - and not in this direction). It is nice they are guaranteeing at least equal income from before for some contributors- it is probably more of a grab for market share than anything else. Which just means Getty gets to take their 85% out of a small sale instead of some other site taking probably a smaller cut of a larger sale.


 

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