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Messages - cobalt

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3901
iStockPhoto.com / Re: iStock New Sub. Model Just Announced!
« on: March 10, 2014, 11:32 »
Like I said, if it is working for you and you are making a full time income and can earn enough to pay for your ongoing production. Good for you.

However for artist trying to make decisions it would be much more helpful if someone who had a visible portfolio said the same things as you.

I personally see much less risk in being indie, obviously.

3902
iStockPhoto.com / Re: iStock New Sub. Model Just Announced!
« on: March 10, 2014, 11:28 »
I sincerely hope, it goes well for you. For all exclusives.

I just know as a customer I would be going for the S+ first. I mean they can get the main collection files everywhere.

But this is what I mean is that you have absolutely no guarantee that your income will be the same level next year. istock is not your employer, you are not on a fixed salary.

On fotolia some exclusives lost nearly 50% of their revenue in a few months when fotolia forced everyone into subs. Fotolia pays out up to 60% royalty to their fully exclusive artists and apparently many had their portfolios opted out of subs. But of course Fotolia already had many existing subs customers, so the change was drastic. I hope istock is smarter and somehow limits the potential damage for the exclusives.

3903
iStockPhoto.com / Re: iStock New Sub. Model Just Announced!
« on: March 10, 2014, 11:20 »
I thought you have been advising it for a while now, talking about all the success Stocksy has had how there are so many opportunities exclusivity isn't the only game in town.  I didn't realize that caveat that all these great opportunities will "of course" "definitely" cost you money.

I have been sharing my experience tickstock and you know that. Going indie costs money. But so does staying exclusive, especially if your work doest sell and you need to take on additional jobs or assignments to start paying for the stock production.

I know many indies who are earning much more than me and their income is growing steadily and is also higher than that of many of my exclusive friends.

The people who are exclusive to fotolia are going through a similar phase like the istock exclusives, by the way. Too much risk in exposure to one agency. But Fotolia offers exclusive images, so they can just decide to leave their portfolio there, or just take part of their files to the new agencies. It makes the transfer much smoother.

Being exclusive is no magic button to a full time income, neither is being indie.



3904
iStockPhoto.com / Re: iStock New Sub. Model Just Announced!
« on: March 10, 2014, 11:15 »
True, we have the new subs to look forward to.

The exclusives had their transfer to PP stopped because istock was looking to give them higher income opportunities only, but now the subs model is coming to istock at 34 cents for exclusives and 28 cents for indies.

Legacy content on PP will still pay the artist 42 cents. And no RC royalties.

tickstock - how do you predict will the subs influence your income? Are you expecting your income to grow? What do you think? And what about the missing RC?

Customers can now buy your S+ files for 2,50 in XXXl. What does your business model predict?

3905
iStockPhoto.com / Re: iStock New Sub. Model Just Announced!
« on: March 10, 2014, 11:06 »
Then I hope you will still have a full time in income in even one year tick stock.
 
Your portfolio must be doing much better than that of most people.

I feel much more comfortable repositioning myself. I know I will earn more money this way and dont have to abruptly look for a day job because I am completely exposed to just one company.

By the way last month I already earned more on SS with 600 files than with 3600 on istock. So someone who comes in new - what will their experience be? I still have files with good positions, but a new artist? They upload to SS and istock...why would they ever go exclusive with such an experience?

3906

If that had been the case our files would have dropped gradually and not in the matter of one day. And those of us who upload large numbers would have been able to compete via numbers. 

One day content that had earned it's way to the top of the searches was on the first pages and the next day those images were buried so far back, we quit looking for them after 50 pages.   Shutterstock purposely killed our best earning files. 

Believe me, I am NOT fine with best match games. We had tons of those on istock.

But it is one more reason to go independent. Imagine you were exclusive to SS and something like this happened to you. This is exactly what many exclusives are experiencing.

So being indie is much safer, at least it is unlikely that all agencies will change their best match in one day.

It is also the reason why I am uploading my files slowly instead of dumping everything everywhere in 3 months. Id rather have them spread out than give them all the same time stamp upon uploading.

3907
iStockPhoto.com / Re: iStock New Sub. Model Just Announced!
« on: March 10, 2014, 11:00 »
It is no myth. Exclusive content is favoured, also in video.


3908
iStockPhoto.com / Re: iStock New Sub. Model Just Announced!
« on: March 10, 2014, 10:55 »
How much income are you predicting to make in 12 months tickstock? Even if you had 10 000 files sitting there and ready to go?

If you came in new to istock today - how much money will you earn if you upload a completely new portfolio? New work doest sell on istock, or is your portfolio an exception?

I have watched many people who came in new and patiently guided them along to improve their work. It took them a long time, even with excellent portfolios. 2-3 years at least and most of them went exclusive in those days. But they had a much harder time reaching a decent income level than those who had portfolios established in 2002-2005.

So yes, it doesnt matter which agency you come in new today, they havent been waiting for you.

But you are welcome to show me how you can reach a full time income in 12 months, if you want to. I didnt try, Id rather understand the market first.

3909
iStockPhoto.com / Re: iStock New Sub. Model Just Announced!
« on: March 10, 2014, 10:49 »
If you go independent expect to lose more than 80% of your istock income. It is not just the drop in percentage - your images are much, much cheaper than exclusive files and you are no longer favoured in best match. However you will probably see a rise in the volume of downloads, because more people can buy your files. Doesnt help much with the income.

When you then take your portfolio to the new agencies, you have to remember that many best match placements are taken by excellent indie artists who have been there for years. Uploading files isnt difficult, but it takes time for your portfolio to move up in the ranks.

Of course it also depends on the quality of your content. I am sure sean will be making a lot of money again soon, at least on SS where he is contributing. But for me with a "normal" quality portfolio it will take a while.

The problem is really - if you stay exclusive and keep uploading but have no sales, especially from new work - what do you do? If your income keeps falling - when do you pull the plug?

Because when you go indie - all your work will sell, I have no problem getting sales for my new or old work on the new sites.

But nobody can give you a definite time frame how long it takes to regain your income, just like nobody can tell you how much you will be earning on istock in a year.

I think if you are uploading to istock, feel comfortable with the way they work and your new files get sufficient sales, at least enough to pay for your ongoing production, these people tend to stay.

It is the artist that can no longer pay for their production and have falling sales that at some point go indie. Or they start doing something else and just stop uploading.

Some people take a gradual approach - go indie with a second subject, video or illustrations. this way you can get to know the other agencies, see how much time it takes to upload there etc..

Originally my plan was to just go indie with video, also because the istock queue for video was over 3 months, even for exclusives, and I absolutely wanted to stay exclusive with photos.

Then came the Microsoft deal with over 1.3 million unpaid downloads and then the Getty Google deal. And I left.

I absolutely dont regret it, but of course I still dont have my old income. However - i havent tried. I looked at other ways to earn an income and took my time to get to know the agencies before I really decide where my energy should go.

I was not very interested in uploading to SS in the beginning - 33 cent downloads - who cares about that? But now I see I get these 28 dollar downloads, 12.50, 80 dollars,extended license etc...so this is a completely different result than I expected. Same goes for other sites. If it was only the sub income, it wouldt be interesting, it is the mix of credit sales, extended licenses etc...that makes them interesting.

But of course: the agencies havent been waiting for you and the quality of the top level indie artist is the same as the top level istock exclusives. You will have to fight your way to the top like any other contributor and nobody is going to favour you in best match.

So - it is a personal decision. I dont regret mine and from the people I know who went indie at the same time with me nobody is considering to go back to exclusivity. It just isnt attractive to us, there are so many agencies and opportunities that I never even knew about.

But if somebody believes they just move everything to SS and will earn the same as before, they will be disappointed. they wouldt be earning the same on istock if they came in with all their portfolio today.

I would definitely not advise anyone to just go indie without understanding what it means for their income.

3910
No, I meant about if the money from the copyright infringers is shared with the artist. When someone pays 1500 dollars in punitive damages, does the artist get 20% of the money?

Sorry, if my post was confusing.

Maybe Shudderstock can help us with that, or others who have been with Getty for a long time. I never saw a "punitive damages royalty" or anything like that, but my portfolio was small, perhaps I got lucky and they never had to involve their lawyers.

3911
We seem to have several people here who have been contributing to Getty for a very long time? Maybe they can share their experience? Sounds like an easy question.

3912
Ah yes, the thread where people complained that their HD video files are getting downloads for 3 - 5 dollars over on getty, with one guy reporting 7 out 9 last month, has been moved.

That is a lot less for videos than on istock and just a fraction of what you get on SS or Pond5.

3913
Stock Performer / Re: New Feature: Supplier Accounts!
« on: March 10, 2014, 07:08 »
That is great news Luis! I hear many people make a deal with models, for instance that they split the revenue from the shooting in a certain percentage. This will make it much easier to do such arrangements!

3914

i had no clue you were with getty as well

I had a Getty House contract for four years, but gave it up last year after the Getty Google Deal. But my files from Westend61 will probably be affected, because Getty is one of their many partners, especially if it is true that all their partners will soon be included. If you are active on the getty forums, you can probably still see my old posts in various discussions.

So unfortunately I probably cant avoid the freebies. And if they are really interested in data mining and ad revenue, I guess it is just a matter of time until they will roll it out for all of istock as well.

My biggest concern is the effect on the public perception. The music industry made a huge effort to teach people that creative content should be paid for and Apple really showed everyone that people are perfectly willing to pay for music and support artist if you give them a good store and make it easy to by.

Getty is going the opposite direction and says - well, you were stealing it all anyway - here take it for free.

Like others have said, bloggers and students are not criminal by nature. If you give them a good solution, they will pay.

And there already are agencies that offer files free to students and schools, like colorbox. But of course they dont get many interesting files, because the artists put their content where they can pay their bills.

35 million of excellent Vetta content and other files for free is just a crazy number and will just reinforce the stereotype that photos have no value at all.

I understand that the effect on SS and the agencies offering cheap files will be lower, because when you have the chance to pay 33 cents for a file in XXXL without adding an advertising channel, and you are anyway running a professional business, you will probably stick with SS or other micros. But the expensive content, the 500 dollar files, they will of course be the ones that people will embed. Getty knows that, so they made their exclusive content available first. It will give them the widest exposure in links.

But how will the artist benefit or how will it influence your production for the High end?

And why do it all without offering the people producing the expensive content an opt out? Roll it out in stages, prove you can deliver the money?

3915
i dont remember anyone ever claiming in micro stock that their prices were low to sponsor students?

Prices were low to take advantage of the internet and its wide distribution potential. Like the 99 cent apps in the app store for mobiles phones.

This is the reason I joined and uploaded. Plus all the fun.

If I want to give my files away for free I can do that anytime. But of course now Getty will be doing it for us all.

3916
Well the new free for all viewer will certainly stop the growth of Shutterstock and return all customers to Getty...;) Because the low prices is all that makes Shutterstock successful...

Maybe I am beginning to see the logic in the boardroom that dreamed up this brilliant new move at Getty...how could I not see it before...

3917
Well the equivalent to stocksy would be Offset, wouldnt it? And Shutterstock is paying out 30% for non exclusive content. Isnt that also revolutionary for a macro agency? I thought they all want exclusive content? I am not an expert in macro.

Offset has beautiful work and excellent prices up to 500 dollars. Simple pricing too.

But again, this probably belongs in a different thread.

3918
@gbalex

I have no idea how the best match on SS works, but I wouldt be surprised if contributors who come in with large portfolios and are uploading thousands of files in a few weeks will move up quickly in the search positions. But once they have uploaded their catalogue their ranking it will drop again, unless they really are a very high volume producer.

I only have 650 files on SS, I certainly dont feel favoured. I still have many days with zero downloads and if I dont upload for two weeks my downloads drop very strongly. It looks like their system, maybe more than other agencies, needs very consistent uploading. I also get a lot more rejections than on any other site I am contributing to. And many rejections I dont understand, but I keep reading here this is normal.

You have been with them much longer than I have obviously, so I guess you would know more about them.

But all agencies that I am contributing too need very consistent uploads. On istock the people I know who are earning a lot of money are sometimes uploading over 200 files in one week.

Their success is even more astounding because new files hardly sell on istock, even for them. But apparently also the best match on istock is geared to favour the active producer.

With over 200 000 images a week, maybe this is a logical way to set up best match, I dont know.

One thing is certain however: there will be many more exclusives leaving and bringing their portfolios to all the agencies. The msg report said this clearly. So everyone who is indie has to consider this, if they believe it will effect them.

As for Shutterstock families suffering from exclusives going indie - the exclusives would love to stay with istock. It is a great pity Gettyimages doest want them and that the exclusive numbers are dropping.

But again: what does this all have to do with Getty deciding to give out files for free? Including RM content? And will their decisions encourage more exclusives to leave? Or will it attract new people who want to work only with them?

3919
What did Bruce ever do to you? Where your files selling for 500 dollars all the time before? And do you seriously believe that if your income went down it had something to do with him?

You could have taken advantage of the platform he and others created and made as much money as Lisegagne, Sean or Yuri if you had wanted to. Lots of smart photographers did, nobody stopped you from joining them. It still is a completely open platform, no need to buddy up to anyone to join. Just make great content and earn money.

But I suppose it is easier to blame others for the loss of income, when all you did was miss the amazing opportunity the internet brought us all.

I was referring to the following statement by Jonathan Klein in the BJP article:
"says Jonathan Klein, co-founder and CEO of Getty Images, in a prepared statement. Innovation and disruption are the foundation of Getty Images"

I dont consider giving the products away for free to combat the stealing of said product an innovation. My personal opinion of course.

But if they do find a way to bring in serious money with it for the artist, Ill be happy to give them credit.

When Bruce was in charge of istock (until 2009) my income and that of most other artists was growing steadily. When he left they introduced the RCs and many other changes and our income went down. They also focussed their energy on Thinkstock and actively encouraged istock customers to spend their money there. Was the internet or industry so different in 2009 than in 2012? No it wasnt. The reason istock didnt grow and revenue was falling was because Getty decided not to grow it the way Bruce did. Or they simply didnt know how to grow it successfully the way Bruce and his team did. istock was the market leader in micro stock. Now it is Shutterstock. Who do you think is responsible for that?

Now Bruce and his team opened stocksy, and again I am making more money than I expected to make from the files that I have there. Somewhere along the line I got to connect Bruce with money. Others here connect Shutterstock and Jon Oringer with money because that is where they are seeing their biggest growth.

Money doest happen by itself, it needs good entrepreneurial skills to harvest it.

And today I see Bruce and his team again set an example for the industry. stocksy is a total success, if anything they are over delivering of what I was expecting them to do.

If Bruce can start an agency that pays out 50% royalties and 100% of extended licenses and go from zero to the success and branding they have in one year - yes, for me that is innovative entrepreneurial work.

And it begs the question  - all the smaller production houses with excellent content - what are they doing wrong?

3920
:)

I know this whole discussion is hard. We all make our living from our work. But for many people who are shy or simply not very good with English these discussions on MSG are extremely helpful.

Its the main reason I am here so often. I get a lot of emails or phone calls if something drastic happens,especially from the German community. So I just point them to msg and they keep following here while they have their own discussions on the German boards.

Others discuss it on Facebook etc..but msg is widely read and even if discussions swing wildly here, they are very useful.

3921
What are you trying to imply? That somehow with Facebook SS is making a lot more money than with their regular subscription service?

The 28 -30% they claim to pay out is consistent with the data from the balance sheet they publish every quarter. SS is a publicly traded company.

They cant hide.

In any case - what does it have to do with Getty offering 35 million files for free on the internet to UNREGISTERED users? Of very expensive content, even RM content?

ETA: You can also just go and supply pond5 if you like. Always 50%, no subs and you can set your own prices. Works great with video. And Im not aware of any major dramas in the last few years.

Now back to the topic.

3922
It is a sub deal. It is not different from anything else they do. A normal API deal.

Offering files for free on the internet with the vague promise that one day down the line there might be ad revenue is.

They didnt change their business model, this is exactly what I signed up for and what I am sending them my files for. 33 cents (or more) a download.

Honest and upfront.

But here are the downloads that people get from Getty:

http://www.istockphoto.com/forum_messages.php?threadid=359726&page=1

Is this what you are expecting to get?

I am sure they are getting 20%. But 20% of what?

3923
I get paid for every Facebook sale, there is no need to opt out. Every time my file gets used, I get a normal sub download. And the customer doest even get the file, the tiny thumbnail is only incorporated into the Facebook ads. If they want something larger for prints, they have to go to SS and buy a file.

Here is Michaels summary, he tried it (and he bought one of my files, so I can verify it is correct):

http://www.michaeljayfoto.com/distribution-channels/shutterstock-and-the-facebook-deal/?fb_action_ids=10152378985371802&fb_action_types=og.likes&fb_source=aggregation&fb_aggregation_id=288381481237582

It is actually a better deal than the normal sub download (no XXXL for 33 cents).

3924
Hi JoAnn,

I was quoting bunhill. the "groupthink" term isnt from me. Sorry if my quote looked funny.

Its interesting to read about the flickr group but also no surprise. Its a different crowd of people. I was excited about VOX too, but now I have the experience from Vox, the Microsoft deal and the Getty Google deal. And many years of Getty management (expectations set - results received...or not...)

When they have their own experience, they will understand this board better.

Getty and many istock admins think of msg as a terrible place and would NEVER dare post here in person. Which makes you wonder how they will handle the investor community if there really ever is an IPO. msg is a warm fuzzy place with lots of rainbows compared to those boards.

Unlike Shutterstock or other agencies, whose admins have no problem interacting with people online on public boards they cannot control. They work in an internet company, this is completely normal for them.

Again, a simple opt in or opt out button solves everything. Let the people who are enthusiastic about the project enjoy it. And the rest of us would join if they can show us the money.

Just look at the way Shutterstock handles their reputation - they communicate respectfully and thoughtfully and they have no track record of shitstorms on the internet. They work very hard at being a reliable business partner and know how to work with a large international customer and contributor group.

Whereas Getty has a long history of pain. They seem to love the drama, that is why they keep provoking it.

Makes no sense to me, but if they wanted to have positive reputation, they would just do things correctly to achieve that.

It is not rocket science and doesnt need a huge investment. Words are cheap.

3925
@bunhill,

it might seem like black and white to you. But don't worry, if SS messes up, we will let them know...

And if Getty did something sensible - abolish the RC system, add the option of exclusive images on istock, the way they have for getty, or simply just real time view for the coming sub sales...they will get my applause.

Getty had nothing to do with the microstock revolution. That was the work of Bruce and his team and then later all the other micro agencies. Getty just bought istock, the way they always try to buy innovation.

They have no track record of in house innovation. It is not part of their company culture.

They are buyers, not innovators. Nothing wrong with that if it is done well. But looking at istock and all the mess they have been creating in the last few years for themselves, they just don't seem to be organically connected to online business 2014. They always come across as still living in the eighties or nineties.

The fact they always keep pointing the blame "elsewhere" tells you everything you need to know. Today business leaders take charge of their own mistakes. Blaming others does not inspire confidence.

But if they do turn the company around and work in a positive, energizing way, their reputation will improve with their success.

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