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Microstock Photography Forum - General => Microstock News => Topic started by: blurgh on February 26, 2018, 09:59

Title: Visual China Group Acquires 500px
Post by: blurgh on February 26, 2018, 09:59
Whoomp, there it is.

https://www.newswire.ca/news-releases/visual-china-group-acquires-500px-675151443.html (https://www.newswire.ca/news-releases/visual-china-group-acquires-500px-675151443.html)
Title: Re: Visual China Group Acquires 500px
Post by: Me on February 26, 2018, 10:27
Already had the "exciting news" email from 500PX
Title: Re: Visual China Group Acquires 500px
Post by: Zero Talent on February 26, 2018, 11:20

https://petapixel.com/2018/02/26/500px-acquired-vcg-getty-images-china/

They announced more community-centric features I couldn't care less about:

- Better statistics to improve and understand the reach and impact of your photos;
- Top charts and badges that will help expand your exposure and reward your achievements;
- Private messaging to support meaningful communication between members;
- Sub-communities that allow photographers to connect around shared interests, styles, and locations


The number of sales and the dollar amount are the only statistics that matter.
And Badges? Lol!

I'm only interested about this announcement:
If you’re selling photos with us, you’ll be excited to hear that we will be announcing new partnerships that will give your photos an even greater reach, and new markets in which to sell.
Title: Re: Visual China Group Acquires 500px
Post by: dpimborough on February 26, 2018, 11:37
More exciting BS
Title: Re: Visual China Group Acquires 500px
Post by: cobalt on February 26, 2018, 12:11
What about sales?

Never had a sale on 500px. Even tiny places like 2020 sell nearly every week.

Exposure doesn´t pay the bills.
Title: Re: Visual China Group Acquires 500px
Post by: PZF on February 26, 2018, 12:24
More badges! YIPPEE!!!!! ( I joke!).
But if they have bought 100% of shares - they now own the whole setup???????
Title: Re: Visual China Group Acquires 500px
Post by: Minsc on February 26, 2018, 13:51
This was a fire sale. Rumor has it that they were sold for only $17 milllion (They raised $22.3 million total).

They company didn't seem to be doing well otherwise they wouldn't have sold for such a meager price.
Title: Re: Visual China Group Acquires 500px
Post by: Mantis on February 26, 2018, 15:05
Hope thompson sees this not worrying about his hide since money doesnt make him happy.
Title: Re: Visual China Group Acquires 500px
Post by: Zero Talent on February 26, 2018, 17:43
What about sales?

Never had a sale on 500px. Even tiny places like 2020 sell nearly every week.

Exposure doesn´t pay the bills.

3.2% of my 2017 revenue came from 500px. That's ahead of DT, DP and FAA.
The batch received last week, covering about 2 months, is also better than what I got in two months from DP, DT FAA or Alamy and more or less the same level as 123RF.
Title: Re: Visual China Group Acquires 500px
Post by: plrang on February 26, 2018, 18:38
oh.. I jumped out few weeks ago, although that "eeexciting" announcement..
Title: Re: Visual China Group Acquires 500px
Post by: tdezenzio on February 26, 2018, 19:22
I only made a few sales while on the site. Closed my account after they raised their rate for publishers.
Title: Re: Visual China Group Acquires 500px
Post by: PaulieWalnuts on February 26, 2018, 21:53
Kelly Thompson's rollin in the money
Title: Re: Visual China Group Acquires 500px
Post by: Karen on February 26, 2018, 23:36
What is the connection between China Visual Group and GettyImages?
Title: Re: Visual China Group Acquires 500px
Post by: dpimborough on February 27, 2018, 03:09
What is the connection between China Visual Group and GettyImages?

When Corbis/Veer were sold out to VCG, Getty were in cahoots and got access to license all images listed on Corbis outside of China.

Jonathon Klein boasted that he got the milk cream and yoghurt without having to buy the cow
Title: Re: Visual China Group Acquires 500px
Post by: Uncle Pete on February 27, 2018, 09:58
More exciting BS

Didn't they just add partners with VCG a couple years back? 16 people report the same earnings as BigStock how's that for related earning numbers? No I never applied at 500px, I never saw any hope at 30% of nothing for non-exclusive licenses. Awesome and exciting community... not interested.
Title: Re: Visual China Group Acquires 500px
Post by: stockastic on February 27, 2018, 10:10
At this point in history, I'm not handing my intellectual property to a Chinese company.
Title: Re: Visual China Group Acquires 500px
Post by: H2O on February 27, 2018, 10:22
At this point in history, I'm not handing my intellectual property to a Chinese company.

Good point, the Chinese copy everything and have no idea, or want to know about copyright.
Title: Re: Visual China Group Acquires 500px
Post by: Uncle Pete on February 28, 2018, 09:47
At this point in history, I'm not handing my intellectual property to a Chinese company.

But this could be the next big thing. I just wanted to say that before someone else does. Otherwise, good point, I agree, not sending anything to 500px before and for sure not now.  ;)
Title: Re: Visual China Group Acquires 500px
Post by: Mantis on April 07, 2018, 13:35
good job . keep it up

Ahhh the studio rental guy (or gal). 
Title: Re: Visual China Group Acquires 500px
Post by: tpack on April 07, 2018, 17:05
Every time Chinese investors acquire hotel chain or photo sharing website I immediately cancel my membership...
Title: Re: Visual China Group Acquires 500px
Post by: namussi on April 07, 2018, 17:13
Every time Chinese investors acquire hotel chain or photo sharing website I immediately cancel my membership...

How childish.