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Author Topic: Pond5 EL for 149$  (Read 5479 times)

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« on: September 28, 2016, 11:57 »
0
Any thoughts?


« Reply #1 on: September 28, 2016, 11:57 »
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Microstock Man

  • microstockman.com

« Reply #2 on: September 28, 2016, 12:05 »
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I didn't get this email? Interesting. Thanks for sharing.

« Reply #3 on: September 28, 2016, 12:49 »
+3
I did receive the e-mail and went to read their new licenses (the video was largely content free IMO).

The thing that seems a little out of whack is the arbitrary designation of the "legal fee" as a cost that Pond 5 gets to subtract from the gross amount before splitting the extended & premium license revenue 50/50 with the contributor. Seems to me that's part of their cost structure (like employees, phones, servers, etc.) and not something to separate out to increase their take and decrease the contributor's.

The fact that the legal fee is doubled on the Premium license doesn't make much sense to me as I doubt the liability issues are different from one license to the other.

The license also allows one transfer of license rights - it says that the content can't be resold, but you can pass on the rights you licensed once, to one person (I assume in the process surrendering your own license rights?). I don't think any other microstock agency agreement allows that sort of transfer. Would seem to invite abuse as I don't know how they will police it.

The other observation is that they tout this as a way to make more money but that's only true if they sell any. I only have a small number of photos at Pond5 and they really don't do photo sales as far as I can tell. For those video contributors who sell there, perhaps it's good they've created a "global sales organization"

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #4 on: September 28, 2016, 14:16 »
+2
Sounds pretty good to me.

« Reply #5 on: September 28, 2016, 15:17 »
+1
"The other observation is that they tout this as a way to make more money but that's only true if they sell any." quite and the same goes for all the promises of high $age commission etc etc

« Reply #6 on: September 28, 2016, 16:13 »
+3
Always someone who will search out something negative.  :)

This looks pretty good to me.

« Reply #7 on: September 28, 2016, 16:33 »
+4
Always someone who will search out something negative.  :)

This looks pretty good to me.

It's easy to blindly applaud.  A bit more time to take a critical look.

« Reply #8 on: September 28, 2016, 17:35 »
+7
They are not the only agency who dose this. The split is fair and I am happy for the new opportunity for money! I looked over the new agreement and all looks in order to me. Happy to see Pond5 offer what Getty dose to attract more large buyers!

« Reply #9 on: September 28, 2016, 18:12 »
+2
It's easy to blindly applaud.  A bit more time to take a critical look.

And the same amount of time to read everything and realize it's positive news.

And a little bit more time to write useful comments such as "they tout this as a way to make more money but that's only true if they sell any"... What in the world isn't?

« Reply #10 on: September 28, 2016, 19:33 »
+3
It's easy to blindly applaud.  A bit more time to take a critical look.

And the same amount of time to read everything and realize it's positive news.

And a little bit more time to write useful comments such as "they tout this as a way to make more money but that's only true if they sell any"... What in the world isn't?

Perhaps I should spell out what I thought would be understood by those of us who license content through agencies. Why would you buy an extended license from Pond 5 at prices that are higher than any of the other microstock agencies. If they have unique content at Pond 5 that might work, but when you can buy the same extended license for $100 elsewhere, why pay more at Pond5?

If you looked at the list of "good news" that's been trotted out over the last few years, very little of which has panned out as advertised, it might not be surprising to read some skepticism.  Possibly Pond5 thinks it can grab buyers from Getty or other higher priced agencies where the price won't seem so out of line.

Anyone can put a high price tag on anything - it's getting buyers to pay that price that's the trick. I just don't see how Pond5 can pull that off (the selling part, not the price tag part). Time will tell.

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #11 on: September 28, 2016, 20:37 »
+10
No matter how unlikely the sales might be, there's a potential for additional money, with no real down side, so it sounds good to me.

Yes, it may be more money than other places, but if I've learned anything from stock it's that price isn't everything. Otherwise Video hive would have put Shutterstock out of business and Shutterstock would have put Artbeats out of business.

Plus, there may be a few people that only use Pond5 whenever possible, or the clip they want might only be on Pond5. I was contacted about one of my clips aon Pond5  a couple of years ago as a production company wanted me to sign an agreement as the existing one wasn't comprehensive enough for them. They bought the clip through Pond5 and gave me $100 for signing the enhanced agreement. If this new thing was in place back then, them they would have just done that instead. So it's not outside the realms of possibility that this will generate some people some additional revenue. Maybe not much, but a bit.


« Reply #12 on: September 29, 2016, 00:52 »
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It's easy to blindly applaud.  A bit more time to take a critical look.

And the same amount of time to read everything and realize it's positive news.

And a little bit more time to write useful comments such as "they tout this as a way to make more money but that's only true if they sell any"... What in the world isn't?

Perhaps I should spell out what I thought would be understood by those of us who license content through agencies. Why would you buy an extended license from Pond 5 at prices that are higher than any of the other microstock agencies. If they have unique content at Pond 5 that might work, but when you can buy the same extended license for $100 elsewhere, why pay more at Pond5?

If you looked at the list of "good news" that's been trotted out over the last few years, very little of which has panned out as advertised, it might not be surprising to read some skepticism.  Possibly Pond5 thinks it can grab buyers from Getty or other higher priced agencies where the price won't seem so out of line.

Anyone can put a high price tag on anything - it's getting buyers to pay that price that's the trick. I just don't see how Pond5 can pull that off (the selling part, not the price tag part). Time will tell.


Exactly that!

After 10 years of existence they finally "invented" sales and promising us $$$$$.  ::)

Trust is what counts, and buyers know that well too. How do we trust they are capable of this project after failing so many?

Experimenting continuous. Help them play around more folks!  ;)


SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #13 on: September 29, 2016, 01:17 »
+4
You must have got a different email from me if they're promising you $$$$$$.

And it's not whether they are capable of this project or not... unless I'm mistaken, they've been capable of implementing all their other projects. What you're talking about is whether those projects have been successful after being implemented... and that's a different kettle of fish.

Sure, other projects might not have been as successful as hoped, but what are the downsides if this isn't successful? Unless I'm missing something, the worst that can happen is that nobody buys any of these new licenses and we all make exactly what we were making before. The best that can happen is untold riches. In reality? We'll all probably make a tiny bit more a year. That sounds good to me.

If there's one thing I've learned from MicroStockGroup it's that the majority of people believe that their work is worth considerably more than they're being paid for it currently. So Pond5 come up with a new idea that will result in people getting a sizeable chunk more money per sale (if only in a very few instances) and people still aren't happy? Makes me chukle!

« Reply #14 on: September 29, 2016, 03:56 »
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That is good news. Ill try uploading again, maybe they have improved their inspection system.

« Reply #15 on: September 29, 2016, 04:03 »
+1
Are your sales good there? I have no sales since 2 months. It never happened to me for years.

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #16 on: September 29, 2016, 04:57 »
+3
Best two months ever, August and September.

Benozaur

« Reply #17 on: September 29, 2016, 05:41 »
0

The license also allows one transfer of license rights - it says that the content can't be resold, but you can pass on the rights you licensed once, to one person (I assume in the process surrendering your own license rights?). I don't think any other microstock agency agreement allows that sort of transfer. Would seem to invite abuse as I don't know how they will police it.

So by my understanding: if you sell a clip with an extended license you get paid extra (obviously), but the clip is a one-off sale and you loose your rights to the clip as they get transferred to the buyer.
Does it get taken down from Pond forever?
Do we have to delete the same clip on other agencies as well?
Have I missed the point, not understanding what an EL is?
Am I just being a doofus? (and yes - please answer that last question).

« Reply #18 on: September 29, 2016, 05:42 »
+4
Perhaps I should spell out what I thought would be understood by those of us who license content through agencies. Why would you buy an extended license from Pond 5 at prices that are higher than any of the other microstock agencies. If they have unique content at Pond 5 that might work, but when you can buy the same extended license for $100 elsewhere, why pay more at Pond5?

I sell the same stuff on multiple sites, with prices being as much as six (yes 6) times higher on some sites where I can choose (or that's their price point) than the cheaper ones.

If everyone shopped around for the lowest prices I wouldn't sell a single thing on the expensive sites. That is not the case. I make the most money where I price higher. The big buyers who would need these types of license upgrades don't care about a few hundred dollars. It means nothing to them. But it means something to us.

Adding the option for the buyer to pay more is only positive.
« Last Edit: September 29, 2016, 05:52 by increasingdifficulty »

« Reply #19 on: September 29, 2016, 05:45 »
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So by my understanding: if you sell a clip with an extended license you get paid extra (obviously), but the clip is a one-off sale and you loose your rights to the clip as they get transferred to the buyer.
Does it get taken down from Pond forever?
Do we have to delete the same clip on other agencies as well?
Have I missed the point, not understanding what an EL is?
Am I just being a doofus? (and yes - please answer that last question).

Absolutely not! That would be crazy if it was anything less than $2,000.

She meant transfer of the license from a buyer to another buyer. You still own your clip and can continue licensing it.

Benozaur

« Reply #20 on: September 29, 2016, 05:47 »
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Perhaps I should spell out what I thought would be understood by those of us who license content through agencies. Why would you buy an extended license from Pond 5 at prices that are higher than any of the other microstock agencies. If they have unique content at Pond 5 that might work, but when you can buy the same extended license for $100 elsewhere, why pay more at Pond5?

I sell the same stuff on multiple sites, with prices being as much as six (yes 6) times higher on some sites where I can choose (or that's their price point) than the cheaper ones.

If everyone shopped around for the lowest prices I wouldn't sell a single thing on the expensive sites. That is not the case. I make the most money where I price higher. The big buyers who would need these types of license upgrades don't care about a few hundred dollars. It means nothing to them. But it means something for us.

Adding the option for the buyer to pay more is only positive.

OK picture this - you work at a production company that needs the odd stock footage clip from time to time. The cost is passed on to the client at a 400% markup. So it's in the production company's interest to look for the most expensive clips. Just saying...

Benozaur

« Reply #21 on: September 29, 2016, 05:49 »
0
So by my understanding: if you sell a clip with an extended license you get paid extra (obviously), but the clip is a one-off sale and you loose your rights to the clip as they get transferred to the buyer.
Does it get taken down from Pond forever?
Do we have to delete the same clip on other agencies as well?
Have I missed the point, not understanding what an EL is?
Am I just being a doofus? (and yes - please answer that last question).

Absolutely not! That would be crazy if it was anything less than $2,000.

She meant transfer of the license from a buyer to another buyer. You still own your clip and can continue licensing it.

OK cool - thanks. I assume the buyer can't resell your clip as is as per the license terms.
You didn't answer the doofus question  ::)

« Reply #22 on: September 29, 2016, 06:00 »
+3
So Pond5 come up with a new idea that will result in people getting a sizeable chunk more money per sale (if only in a very few instances) and people still aren't happy? Makes me chukle!

Yes, it is good entertainment to read this forum. I'm always surprised by the hostility toward basically EVERY agency out there. (Well, sometimes, like the case of RevoStock, it's perfectly understandable).

I keep wondering why people sell anywhere at all... You're not forced to. Why don't they start their own agency if, as they say, the big ones do nothing but take our money. It seems they don't understand the millions of dollars required to market and sustain a large customer base so you have someone to sell to...

It's not easy, fast, nor cheap to build a big website with hundreds of thousands of returning customers.

---

Of course it's easy to view the sites where you make good money in a positive way, and sites where you don't make much in a negative way.
« Last Edit: September 29, 2016, 17:25 by increasingdifficulty »

« Reply #23 on: September 30, 2016, 12:46 »
+2
The only thing that struck me as odd was pond5 saying that the new license offers the highest level of indemnity? If it offers protection to the user does it pass the blame to the producer ie us?

« Reply #24 on: October 17, 2016, 00:00 »
0
Now it's 17 Oct but I still can't see the new extended license price. Where can I check it?

Thanks


 

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