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Messages - PeterChigmaroff
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1101
« on: February 20, 2010, 14:00 »
The question is how many images are scammed? Is it 1%, 5%, 25%? If it is only a small percentage, then putting payments on hold is a waste of time. If a download is deemed to be a scam then a deduction can easily be made off a future sale.
1102
« on: February 18, 2010, 10:23 »
I've got a 4 and would rate it 3.5 stars out of 5. The buttons are bit cheesy. They could have been made to be smoother. The wheel is also a bit cheesy compared to other wheels on other products on the market. Other than that it's good. The surface is very good and responds well. The pens themselves are somewhat ugly. Designed by some technogeek with no artistic ability at all. I find them a bit too fat for my liking.
1103
« on: February 10, 2010, 19:44 »
The problem is that that heaviest buyers all opt for subs.
1104
« on: February 10, 2010, 14:46 »
Still though, the guy in China, who deserves access to the market as much as anyone, will not be able to shoot various ethnic groups very easily. It's easy for me, living in a large city, to shoot almost any ethnic group I want. It costs a lot that is for sure but I can it. Or does it matter. What I really wonder is what people are willing to finally settle for as a low enough income. That's what it comes down to really. When someone can't make enough to make it worth his while they quit and go to something else. Like everything I'm sure this business is self limiting. Eventually most of the rabbits die off and the cycle starts again.
1105
« on: February 10, 2010, 14:10 »
Really interesting question, and one I have been thinking about a lot lately.
I want to buy a larger house with more studio space, and with houses cheap right now I think it is feasible on my current microstock income.
My dilemma is that, of course, the time it takes to pay off a mortgage is most likely longer than I can expect my microstock income to hold out, even if I keep adding images.
I am thinking that if we can get a 15 year mortgage, then we will probably have a significant amount of the principle paid off in 5 or 10 years, and if the micro market has dried up by that time we can refinance the balance and be paying around what we are paying in our current small house.
So I guess my answer is that I am fairly confident I will be able to maintain my income for the next 5 years. Hopeful about the next 10 years, and fairly certain it won't last 15 or 20 more years.
Lisa, I like what you say. What do think will happen in the next ten years that makes you feel you won't be able to make a living at it? After all in ten years of full time shooting and following the market you will be a qualified expert, if your not there already.
1106
« on: February 10, 2010, 12:08 »
YouTube is quite a success, I think. It could be a "fad" but it seems to be for real.
You're missing my point: I was talking about commercial stock video, which YouTube isn't.
Again I think the place for this is in the macro agencies where decent sales prices can make for a viable business model. YouTube as far as I have heard is a total money loser. Sure it has millions of users and videos but it makes NO money. That does not make it a success.
1107
« on: February 10, 2010, 11:51 »
Ah... and not to mention that Yuri's loud success magnetized many seasoned pro to join the micro universe. Now they are also raising the bar and actively filling in the gap between the two worlds. If Yuri would have been magnetized by Getty before he can magnetize others... I am sure you got my point already.
Ifsare simple to dole out. If you kept the Wright brothers from flying it would have hardly stopped aviation. I'll mention the book The Outliers one last time. It delves into what makes a success and what doesn't.
1108
« on: February 09, 2010, 15:42 »
... Getty was bought for 2400 million of which 50 million was for iStock. One is a lot the other is dinky. I see some major disparity there. Either the investors got ripped off or Getty got a huge bargain on iStock. These prices are largely based on present and future earning potential.
iStock was purchased in Feb 2006 for $50M. Getty was purchased 2.1/2 years later for $2.4B, when iStock annual revenue was already eclipsing its purchase price. Yes, there is a major disparity in the price. iStock was certainly a bargain, but I'm not so sure Getty was.
Good points for sure, but would you say that iStock increased a factor of 10 in that period of time? I doubt it, did but even if this is so that would make 500 million, still a small overall percentage of the companies value.
1109
« on: February 09, 2010, 15:23 »
As a side note, I flew to NYC (live in Vancouver) to present my portfolio in person to agencies. I got accepted. Have you read The Outliers.? Interesting read.
1110
« on: February 09, 2010, 15:16 »
[
Assuming that Getty has two revenue streams (RF/FM and microstock), overall revenue was (at best) flat in 2009, and microstock made them $200M, it's fair to assume their RF/RM income stream decreased by (at least) $200M last year. That's not "flat or decreasing a bit". Furthermore, Getty was purchased for $2.4B in mid-2008, which pegs that drop at more than 8% of its valuation.
Nobody said Getty was going to close or "bet the company" on iStock, but with this lastest microstock offering one can guess they're aiming to increase their exposure in the only stock photography market that's growing.
It never has to be one or the other. My only real point. Every photographer produces images that are suitable for the other market, Whatever that is. Getty was bought for 2400 million of which 50 million was for iStock. One is a lot the other is dinky. I see some major disparity there. Either the investors got ripped off or Getty got a huge bargain on iStock. These prices are largely based on present and future earning potential.
1111
« on: February 09, 2010, 12:13 »
acrosaur link=topic=9858.msg133638#msg133638 date=1265676285]
Also from Jonathan Klein, Getty Co-founder and CEO: "Traditional creative stills (RM and RF) is becoming a smaller part of our business. Our customers use more imagery online, which means more volume, but at a lower price. Big-spend print campaigns are not dead, but there are certainly fewer." "Getty Images did not grow overall revenues in 2009. We must be a growing business, and we must increase our revenue in 2010."
They've been in the news quite a lot lately - slashing budgets, freezing payroll, laying people off, ceasing in-house production ... the list goes on. Companies don't do those sorts of things unless they absolutely need to.
We are in the midst of a very deep recession. There are many good arguements being made that business will never return to normal even as the economy grows. It's hard to say until we reach that point what will happen. I think it is easy to say we must increase our revenue growth for 2010 but not so easy to actually accomplish it.
1112
« on: February 08, 2010, 18:56 »
. On the flip side of the coin, I also have the opportunity to make imagery for Getty - but I have chosen not to do so. Why? Because that marketplace is in (sharp) decline, and I'd rather invest my time in a growing market.
What are those evolutionary buzzwords again - adapt or perish?
Looking at those little red arrows pointing downwards to the right of this post I'd have to say that perhaps the market is not growing all that well even in the world of micro. Adaption should involve some consideration for the host organism; it's just too easy to overpopulate and starve.
1113
« on: February 08, 2010, 18:36 »
... if the future is low cost subs?
I read the discussions here and many are intelligently presented. However the words future and low cost subs can't, or at least shouldn't, be used in the same sentence. Perhaps it can be said that there are low-cost-subs and really-low-cost-subs and eventually there will likely be pathetically-low-cost-subs etc. But there is no future in that.
1114
« on: February 03, 2010, 14:49 »
@Donding, I thought about it a bit more, and I realised that unfortunately, if you're doing it this way, you're not going to make much of a difference. Neither will I for that matter. You're only going to hurt yourself, don't do it, Donding! For this to work we need the big players, experienced photographers with thousands of great images to step in. But of course, these are the people who make a lot of money and have to consider things very carefully. Wait until they decide what's best to do. Then it's our turn to follow in their steps. Just wait a little bit longer please! Give yourself a bit more time!
Doing what you feel is the right thing doesn't mean you need to wait until someone with more clout goes first. Likely they won't. They may in fact have sweetheart deals making all this fuss irrelevant to them. It's simply deciding if you are being taken advantage of and then deciding if you want to do something about it.
1115
« on: February 03, 2010, 12:42 »
I agree, i think that exclusivity is the way to go however it can't be the draconian version that exists at iS.
1116
« on: February 02, 2010, 19:31 »
You should scream for sure but I doubt they will hear anything. Until people, in large numbers, begin to pull images off the site, diddly will happen. I mean actually take the images and remove them, not just stop submitting. But not enough key players will do this. After all a little is better than nothing most everyone always says. "Oh but I make xyz% of my income from them" blah blah blah.
Not true. They climbed down on the both the subscription commissions and also on them counting towards Ranking. This is MUCH more important and no compromise will be acceptable. We want to be paid our rightful commissions.
I certainly wish the best on this one. But really the reality is I doubt you'll get much more than what was presented initially as a red herring or nothing at all.
1117
« on: February 02, 2010, 18:27 »
This is not Fotolia forum. You can scream and they could never hear you :-)
Don't worry, they'll hear me __ long and loud. Of that I can promise.
You should scream for sure but I doubt they will hear anything. Until people, in large numbers, begin to pull images off the site, diddly will happen. I mean actually take the images and remove them, not just stop submitting. But not enough key players will do this. After all a little is better than nothing most everyone always says. "Oh but I make xyz% of my income from them" blah blah blah.
1118
« on: February 02, 2010, 15:44 »
Subscriptions are the bane of all photographers. I can't imagine why anyone would like the them.
1119
« on: February 01, 2010, 21:49 »
This where I jump in and tell everyone they should delete their portfolio at Fololia. I did a while back and don't regret it at all. Sure I lose income but...
1120
« on: January 30, 2010, 11:34 »
The agencies will refuse all kinds of things for needing a property release, an old grain silo in a field with a farm house for example, but they don't really need one. Exactly. It doesn't matter whether a PR is legally needed for some of these buildings...the agencies will refuse the shots anyway...their game, their rules.
I remember a specific example a while back...it was a gorgeous photo of an old farm building in a field of yellow, lots of great colors going on. Rejected because it needed a property release. The person who took was on public property.
Based on what I have seen happen in the past, I'm going to say her photo would need a PR, especially since it's a currently operating mill. If old abandoned shacks in the middle of nowhere need a release, I'm thinking this would too. Not that I think it makes any sense.
We're not talking any agency we are talking about Alamy here. Way different rules.
1121
« on: January 30, 2010, 11:32 »
That's the thing, you wouldn't need a release for Alamy if you submit as an L image with no release indicated. It can still be used for editorial which although not a huge market, can still place value on such images.
Not sure that is right, Zeus. Isn't there a restriction on editing editorial? I think you can only crop ... maybe a little contrast or sharpening???
You have to say at upload whether it's been digitally altered or not. FWIW, I also don't think this building would require a PR.
No, it would likely not require a release. Only a few buildings with copyrighted designs require releases. Very few.
1122
« on: January 29, 2010, 13:21 »
That's the thing, you wouldn't need a release for Alamy if you submit as an L image with no release indicated. It can still be used for editorial which although not a huge market, can still place value on such images.
Not sure that is right, Zeus. Isn't there a restriction on editing editorial? I think you can only crop ... maybe a little contrast or sharpening???
Perhaps that is true. I would submit without all the filtration. I have tried all kinds of filtration and although I love it, it never sells.
1123
« on: January 29, 2010, 12:53 »
That's the thing, you wouldn't need a release for Alamy if you submit as an L image with no release indicated. It can still be used for editorial which although not a huge market, can still place value on such images.
1124
« on: January 29, 2010, 12:36 »
Filtration is cool but generally detracts from sales. But this has never stopped me from doing it. However a shot like that is better off at someplace like Alamy.
1125
« on: January 28, 2010, 13:19 »
It's hugely dependent on the image. I can find cases that support either model. Either wholly submit to micro or macro. Each of us has a limited time to work. So many factors to weigh. What do I like to shoot, what will sell, what market will it do best in? It's easy to submit an image into the wrong market and lose lots of sales opportunity. You never will know if the loser of an image that's been hanging out in either market might not have done better if what was sitting elsewhere. Even the big sellers may have been bigger elsewhere. But a bird in the hand... and all that stuff.
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