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Vetta Collection ChangesEffective September 27, 2010Vetta has been more successful than we ever thought possible. It's been a wakeup call to the industry--it's that good. Vetta has far surpassed the definition of microstock and is underpriced when looking at any of its competitors. As such, we will be increasing the prices for Vetta content as well as adjusting Vetta royalties, which will now range from 22, 24, 26, 28, & 30% when sold on iStock. Even with the decrease in royalties, this will be a net gain for contributors, and customers are still getting one of the best collections in the world at a fraction of traditional stock pricing.The Vetta Collection will now be mirrored at Getty Images under their traditional license model. We've been doing similar content mirroring with iStock Vectors and Videos for several months now, with exceptional results.The Agency CollectionEffective September 2010Later this month we will introduce a new collection here at iStock--it will be the first time we've allowed outside agencies on the site. The Agency Collection will feature some of the world's best photographers and agencies, selected by Content teams at Getty Images and iStock. Later in the month, we'll be inviting select iStock photographers to submit to the collection as well.The Agency Collection will be priced at a premium to Vetta and will be available on iStock, Getty Images, Jupiter and PunchStock.Exclusive iStock contributors will be invited on an individual basis to add their content to this collection. We will pay a modified royalty for the Agency Collection that fits between traditional stock and current iStock royalties. The royalty range for this collection will be: 22, 24, 26, 28, & 30% when sold on iStock. For content sold off of iStock, all royalties will be 20%.
istock is going midstock, with current Getty pros dominating. The micro collections will become the new Dollar Bin. Most current contributors will become irrelevant. Vetta has proved that the market can bear it.
Quote from: averil on September 10, 2010, 22:28istock is going midstock, with current Getty pros dominating. The micro collections will become the new Dollar Bin. Most current contributors will become irrelevant. Vetta has proved that the market can bear it.One thing that iStock has proven and that's that micro has been underpriced for a long time. I just wish that more of the sales would go back to the creators. Buyers don't mind paying more for the right images and that suits me fine.
for IS to go Macro would be a disaster ... Vetta is to 70% non commercial stuff and really not that great actually ... Gettys own Macro stuff and I mean their main-core, original RM stuff is far superior as is Corbis main-core stuff.
When I become irrelevant I'll be able to pull my port with little loss, so I guess it has a bright side
They're about to separate from the microstock pack, I think
Istock going to Midstock is not a bad thing....
Now is the time to move buyers to our better paying sites. (...)
As a buyer on DT, I have seen much better usable level 4 and 5's there than on Vetta. Vetta is just too expensive, and a lot is not very commercial. You can have loads of level 4-5 on DT for peanuts with a subs pack.
Quote from: FD-regular on September 10, 2010, 23:01As a buyer on DT, I have seen much better usable level 4 and 5's there than on Vetta. Vetta is just too expensive, and a lot is not very commercial. You can have loads of level 4-5 on DT for peanuts with a subs pack. Sounds poor for the contributer.
One hears from time to time about designers whose agencies will not let them use microstock. The Agency collection, which will also be available on Getty, looks to be a way to enable these people to start shopping at istock. Foot in the door. Who knows how big this market is.