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Messages - jamesbenet

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101
iStockPhoto.com / Re: Another Massive Best Match Shift
« on: February 08, 2012, 00:00 »
I'm experiencing the same. One terrific day and one or two sub par days and the cycle repeats. If it stays like that I guess it creates a better estimate of sales than a completely random download number like before.

102
iStockPhoto.com / Re: Getty Images Ad ... Very Appropriate
« on: January 30, 2012, 21:13 »
That is genuinely hilarious.  Even if they willingly tried to create copy to sabotage customers or contributors they couldn't have done a better job.  ;D

103
iStockPhoto.com / Re: Layoffs at istock
« on: January 20, 2012, 21:23 »
In the interest of fairness I decided to post in the HQ thread. But if its tampered or erased/edited out, I want to post it here for preservation.   Thanks!

______________________________
About 14 months ago the company made a decision to cut many of our royalties by large amounts in order to remain sustainable.

The company is still here be it because of that or other circumstances; however sales across the board have slowed from the smaller producer to the image factory entrepreneur.

With all the savings that were allocated from exclusives and non exclusives; what is being done to regain the trust of buyers and suppliers in order to once again be where the company 2 years ago proclaimed to be not only healthy but on top of the business with large growth.

We have been left in the dark regarding the state of the company, future prospects and leadership guidance that used to characterize iStock.  Every December- January Bruce and Kelly gave a sort of state of iStock message with lots of info regarding the company's performance, growth, success and decisions to carry it forward.

This time around we had to find out in 3rd party blogs that a significant part of the company was let go and after it was not contained we got an official message from HQ.

We as suppliers of content need to know where the ship is, where its headed and if its healthy for the voyage ahead.  We don't need exact figures, we need credible assurances by real people. We have been kept in the dark for so long that the trust we once possessed has almost extinguished.

So in concise terms:

How is the company doing?

What is being done to improve the bottom line of contributors?

What steps necessary are being considered to retain current buyers and attract new ones or those that searched elsewhere?

What value does exclusivity play in all of this, considering many of us have battered a pretty unreliable year?

What incentives are being considered to keep exclusives and attract non-exclusive content to iStock first, instead of the competition? Non exclusive search has been at the back with many withdrawing new uploads.

Has Video been affected by these changes and in what measure?  Can we expect better competitive pricing structures, editorial video and faster inspections that are competitive with other sites?

We all want a healthy company and an even healthier communication between the parts.   We contributors have patiently waited for your side to show interest in keeping us informed. We are all ears and are prepared to listen and understand current developments.

Thank you!

__________________________________________

104
iStockPhoto.com / Re: Ideas for Exclusives
« on: January 19, 2012, 23:14 »
Nice thread.   How is Alamy working for you that have portfolios over there? I have a couple of friends that haven't had a single sale for years. 

105
iStockPhoto.com / Re: Kelly Thompson Leaving Getty January 20th
« on: January 19, 2012, 22:18 »
His beliefs and reputation will follow him, not related to iStock.  At least I think he fought for us all the way as long as he could. That is why he got the axe.

You can stick your faux sympathy where the sun doesn't shine. Thompson's 'beliefs and reputation' as well as his actions led to millions of dollars of commissions being diverted from contributors to Istock during his watch. He was in charge of Istock when they offered to 'grandfather' canister levels and then essentially went back on that a few months later. If he'd had genuinely 'fought for us' and not got his way then he should have resigned at the time. To not have done so, as the man in charge, meant he endorsed the changes (far more than his 'beliefs and reputation').

Under Thompson's watch the most damaging series of actions in Istock's history occurred and have resulted in the downfall of the immensely strong business he inherited. If he wasn't responsible for that then at very best he was a weak and ineffective COO promoted way beyond his capability and his level of courage. He's lost us all a lot of money. F*ck him.

I think jamesbenet was talking about JJRD, not Thompson. But I agree with all of your statements about Thompson above, for sure.


Yes I was talking about JJRD, Thomson is a whole other story.    Thomson was a manager under the Getty influence and his reality distortion and twisting were pretty contrarian to what Bruce and the old iStock were all about.   Every time he tried to fix things in a statement he shoveled deeper.   Wonder if the universe has some sort of justice system that is being served in his case.   I don't wish any of them wrong but I don't consider Kelly to be a friend of artists, he probably knew the grand plan years ago and steered the boat until it hit the rocks. He reminds me of the recent events with him jumping into the Getty lifeboat right after he saw the disaster, funny thing is the coastguard at Getty punched a big hole in his raft.

106
iStockPhoto.com / Re: Kelly Thompson Leaving Getty January 20th
« on: January 19, 2012, 18:45 »
His beliefs and reputation will follow him, not related to iStock.  At least I think he fought for us all the way as long as he could. That is why he got the axe.

107
iStockPhoto.com / Re: Kelly Thompson Leaving Getty January 20th
« on: January 19, 2012, 15:35 »
Wonder what kind of golden parachute Kelly got today?

If a book is ever written about all of this... I am interested in what Kelly might shed light into.  At least JJRD got out with his dignity and beliefs in place.  rogermexico seems to be one of the few original faces left, hope he is not forced to sell his soul or leave.

iStock resembles a red giant star in the final stages of collapse.   Shine bright and expand then sheds its content; then a cold core cinder remains at the center slowly cooling until there is nothing left.

108
iStockPhoto.com / Re: Layoffs at istock
« on: January 19, 2012, 00:39 »
I'm a firm believer that iStock will just become one more brand under the Getty main website such as the countless others.  They probably bought iStock with that in mind, dismantle the micro-stock model while at the same time milk it out of existence.  That would bring commissions to 25% or 20% across the board and prices probably will go up a bit or stay elevated.  If this turns out to be bad for the bottom line remains to be seen but it all points to iStock becoming less of an independent entity.

One thing I'm sure they see as a benefit is that iStock by being a Canadian company, enjoys a much lower regulation overhead and corporate tax than if it was based in the US.  Getty might just open a mailbox and registry in Switzerland and enjoy one of the lowest corporate tax rates in the world, folding all companies into the main Getty behemoth.

109
iStockPhoto.com / Re: Layoffs at istock today
« on: January 18, 2012, 00:17 »
Quote
I get where you're coming from, but I have to admit that I've worked at jobs that I totally didn't believe in and were against my principles, because there weren't, at the times, any options, and I needed the job.  It eats away at you, you lose some self-respect -- but you also do what you have to do.  So if they weren't in a position that they could leave on principle -- and it's a lousy economy to do so -- I get that, and I feel for how they must have felt about it.  :(  

Very well put, don't demonize the gears of the machine when the brain controller has got them cornered. In this economy I am sure many admins just avoided any confrontation to keep that paycheck. I can't blame them.

I know of many back end people over the years that have given their full effort to their jobs at iStock and if any of them are affected by this then... I am in solidarity and in support for them to find a job soon. Nothing is as black and white as it seems on the surface; plus we have no info only speculation at best right now.

110
iStockPhoto.com / Re: Layoffs at istock today
« on: January 17, 2012, 22:52 »
Wow this really came out of left field...

Let me recap...

Getty Buys iStock
iStock Expands
Prices are raised a few times
iStock becomes fastest earning and growing Microstock
H&F Buys Getty/iStock
Bruce leaves
Prices raised a few more
iStock continues growth
best match changes every few weeks
Search problems abound
RC System takes away from contributors
Prices raised and tweaked
Buyers start to migrate Sales slow down
Many Exclusives break contract
Forums are no longer tolerant
Kelly Accepts new Position
More price tweaking
Forums are over moderated
Severe Site outage
Sales are slowing even more
Worst contributor stats in several years
Traffic takes a nose dive
Contributors are kept in the dark
Non Exclusives are sent to the back of the search
iStock Lays off several employees  Probably to boost profits.
No official HQ statement yet...

I probably missed a bunch of stuff but its very discouraging to hear these news.

All I can say is thank you to the employees that have received the news and the ones that are still at HQ doing their best to weather the storm.  I bet you all worked heavily to create what this place got to at it's peak. May you unfortunate find work early and with little downtime.

To be fair we as contributors are not owed any explanation for the layoffs or should be privy to the circumstances that created this event. But it would show some good will and communicative effort to give us some sort of outlook for the year which used to be an iStock tradition maybe even with why these layoffs were necessary.

111
iStockPhoto.com / Re: Hellman & Friedman = Bain Capital?
« on: January 12, 2012, 22:26 »

Maybe they were just the only ones who had the guts to leave, and a paycheck wouldn't convince them otherwise. Not that Bruce needed the money, of course. But he could have had a nice cushy job at Getty for a long time if he wanted it, and he opted to walk away.

Those who stayed apparently are comfortable with helping H&F get what they want, regardless of what it ends up costing everyone.

Bruce and Rob are a different kind of person with a different kind of character. They have ideals that are stronger than lust for golden riches.   For me the most disheartening thing was reading the posts by Admins when the whole RC discussion was happening and how they were forced to sell the plan as if it was their own reasoning of great fairness.

They wanted to keep their jobs but they lost a whole lot of good karma in that endeavor.   How things change in one short year and change... Wonder what will happen by next year, maybe it will be a completely different picture.

112
Very encouraging, hope you have an easy time extending your portfolio across the entire stock spectrum. Wish you much success in 2012.

113
iStockPhoto.com / Re: iStock earnings exclusives / independents
« on: January 05, 2012, 23:16 »
My December was at 2006 levels which is quite pathetic.    Needless to say I am no happy crown holder.

114
iStockPhoto.com / Re: Sales have tanked big time
« on: October 27, 2011, 19:39 »
I thought the interview was ok and a bit revealing to the future.

If you put yourself in the shoes of admins or Kelly they are doing quite ok in the company and climbing.  If you look at it through contributor eyes everything seems nasty especially if you've been affected by the changes.

In this economy who can really blame any of them for following the corporate road map. In the end its every man/woman for himself in this business.  The sooner you accept that fact the faster you will react to what will happen in the future.  Kelly is a success in Klein's and his own eyes. He got rewarded with a new VP job.  At this pace the guy could retire in 5-10 years without a care in the world.  Why would he want to honor the past promises when clearly what the future holds for him is quite rosy.  

While the plan is to sell less at a higher price while maximizing profits this is not uncommon in a capitalist enterprise.
What is uncommon is we contributors feeling betrayed and basing some unattainable expectations on the company. Sure they could do the right thing and get back on the do no evil footing but we all know that is probably a train that left the station long ago.  

If you haven't made up your mind of staying or leaving; I think it's a good a time as any to ponder that question.

I still believe iStock will be in the top tier for the foreseeable future. But it could go the same as Netflix, one stroke to many broke the camel's back.  Things can change in an instant and this could be a very different playing field 5-10 years from now.  

Choose wisely!

115
General Photography Discussion / Re: Focus? Hocus Pocus!
« on: October 19, 2011, 19:03 »
The Lytro camera released today outputs 11 megarays or around 1 Megapixel with 1080px on its height. No word on the width but I'm betting 1200px.   Hardly stock material. 

In a few generations it will be an incredible tool in the arsenal but right now it is pretty useless besides net pic sharing.  In Macro imaging and microscopy where you usually have to layer and merge several depth exposures this camera could revolutionize those markets.

Lets hope the technology survives until it matures in the market.  I have a Lytro order option right now that lapses in a week. Somehow I don't think it is enough resolution to buy it.   At 3MP it would be a different story, 1MP is just too low.

116
iStockPhoto.com / Re: Is there any hope for iStockphoto?
« on: October 14, 2011, 22:11 »
I wonder what the end plan for iStock is in the Getty Universe.  I am guessing in Microstock they will probably concede and move to midstock.  I cant be to happy by the RC cut and the decreasing sales.   

With the mirrored content on partner sites based on lower cost it seems iStock could just survive as a cream of the crop image hosting site "Vetta, Agency" while 90% of the images leave and only prove available on lower cost pp sites.     

What is the possibility they turn the tide for the better and start fixing the bad decisions made since last year regarding contributors?   

I have no clue what the survey answers from thousands of us concerned might or might not do to change things.  My guess is they might be swiped under the rug, I hope that's not the case but considering the time it sure seems they will be useless stored data in a few months. 

Netflix got to feel the wrath of customers and iStock seems to be according to that US graph, not that far from the realization that they squandered the good will and loyalty of their customers and contributors for short term profit sheets.   I hope I'm wrong and this is just all based on a bad economy manifesting itself.  :-\

117
Off Topic / Re: Wow, Steve Jobs is dead!
« on: October 07, 2011, 19:40 »
I used macs for 12 years before switching to the PC mainly for availability of 3D Applications.  Macs have always been overpriced and over-hyped but I believe the legacy of Jobs lies in many of the unintended consequences of pushing the industry forward. I like macs but I rather have my family use them while I build a PC with copied GUI from Apple that runs everything I need at 1/2 the price and with all the software.

1) Jobs, Woz, Warnock made desktop publishing possible with the invention of the Mac.  Windows, Unix and Linux followed much much later.

2) The Apple II created the first computer that actually did something useful and introduced the masses to it.  The Altair was only for Uber geeks and it usually was a non working machine most of the time and it sold less than 5k machines.

3) Pixar:  3D animation had stagnated for a decade in high end workstations. Pixar created a huge boom with their Renderman and use of tech for entertainment. Its labs created many of the ideas and usability paradigms that define 3D design and animation today. They were not alone but by Jobs rescuing Pixar from Lucas Film before it closed its doors, created an avenue for entertainment that is in the billions now with thousands of jobs behind it.

4) Pixar single-handedly with Jobs and Lasseter revived Distey Studios into the fortress it is today. They were going bankrupt.

5) Changed the way we buy and access music in a legal way. iTunes may not have been the first, cheapest or most ideal solution but they pushed the market forward with a clear vision and it is still #1 today by a large margin.  I personally don't like it but the iPod changed everything. You can buy a cheaper player and get MP3s on it but you could always bootleg old cassette tapes from your friends and play them on your Matsushita player in the 80s. The Walkman however changed the way we listen to music the same as the iPod moved the way forward for clones to copy them off.

6) Smartphones were a mess before the iPod now we have Android and others competing but before it was painful at best. It jumped the industry almost a decade forward from lack of innovation and stagnation.

7) iPad is an evolution of the smartphone and the laptop. However no one made it as good or as useful before. Once again Steve jumped to the future with great style, usefulness and taste.

All in all you can say many things about Jobs but he was the spindle that moved technology forward and all others followed like sheep. That is his most important contribution, waking up the tech industry to the possibilities of what was already there by amalgamating technologies from different vendors and creating something deeply unique, useful and powerful.

and so on...  killing the floppy, USB, Flat panel monitor use.....  ;)

118
iStockPhoto.com / Re: Sales have tanked big time
« on: October 05, 2011, 14:25 »
30% drop with a 26% increase in portfolio size year over year.   It seems to echo many of the disappointing results here.

The RC downgrade did enough damage but these lower sales are just spilling more water on top of an already drenched bonfire.

My guess is that price increases + tons of customers going to the competition is whats making this cocktail. 

My fear is that now they might lower contributor cuts even more to make up for the revenue loss this probably caused "Considering lower sales for most high end contributors reporting".  They did it heavily once and we all know capitalism loves to double dip.

119
Off Topic / Re: iPhone 5 / 4S Discussion
« on: October 04, 2011, 15:06 »
1080p HD Video at 30 frames with gyro stabilization.

8MP improved camera.   I am guessing it's a good enough device for shooting stock video and photos in bright light.   

The iPhone 5 will probably be around the corner early next year same as what happened with the 3G and 3Gs.

Good product same old design, playing it safe and boring.  I miss the Stevenote!

120
People like Yuri with the power to take a stand should do so in principle.  It might cost them a percentage that is not insignificant but it should send a clear message to management that you can't expect to beat contributors to a pulp and get away with it.

Even if they are receiving special treatment that should not deter them from doing what was right.

On iStock most of the big earners said nothing and continued on their way, since they were protected.

The problem of this industry is that the cohesion of the contributor base is as strong as the balance sheet at the end of the month. The competition which is everyone else is toxic to top earners so where is the incentive to help out?

In the end however even top earners will suffer from a downgrade as the tide of files gets so large that their current advantage/upload ratio wont be sufficient to continue earning as much. By then it will be too late and some stock sites might collapse.

They know that they can act this way because we are all rats in a maze waiting to take the only piece of cheese, why share a big piece?   Competitiveness at its best.  

John Nash's "A Beautiful Mind"  economic theories are all based in cooperative play for a final improvement of conditions, if you work together for a better goal it will prove better in the long run for the individual.  Nobel prize of economics.  Seems we are playing deaf to that kind of thinking. Too bad!

121
General Stock Discussion / Re: Sales dropping. Istock especially.
« on: September 19, 2011, 18:26 »
Interesting thread and topic... Ive had pretty bad sales for September, quite unusual and I think Ive pinpointed the cause:

 (Bad Karma)^2 [(Microstock Model) (Bruce Leaving) (Getty)] + [(Higher Prices)(Economic Crisis)]
_________________________________________________________________________________ = iStock '11

                         [(Competition)(Bad Word Of Mouth) (Best Match) ^3] - (Redeemed Credit System) ^2

122
And I will get a huge laugh if the exclusive IS supporters of the partner program start wailing loudly when their PP sales drop because of all the new content in the program (which will of course happen). If they then pull out of the PP as the sales aren't as good, Getty will then make PP mandatory for exclusives. It'd be funny if it wasn't our livelihoods those jerks were messing with.

Very insightful and well its probably going to be a reality going forward.    Now the PP is kind of happening because its under-fed and when all of this new content floods it, it will probably tank for current PP supporters, it will be a mess.   

Since I'm focusing on Video since the big black days of last year RC plan, I am affected less and less as time goes by.   

What I see in the not too distant future is more consolidation and less sites out there, some copycat sites will die, others absorbed and in the end it will all stabilize into 2-3 major companies. We know that Getty will remain in a strong form considering the amount of properties it has absorbed. SS seems to be positioned as a strong contender with their possible future ownership of other sites with Corbis being a third. In Video Pond5 seems to be doing good and it may very well survive but couldn't leave out the possibility of it being bought out.

I frankly see no easy way out of the current situation.

123
Jodi Jacobson is assuming if a sale doesn't happen in 18mo it should go elsewhere and find a a place to sell.

Files older than 18mo are being targeted regardless of sales.   I think there is a lot of contributor confusion there.

As an exclusive "I Agreed" to the terms last night after a full day of reading and thought.  As exclusive it is actually changing very little on my end. I already have most of my footage on Getty, I have most of my non sellers on PP since 4mo ago and some content will migrate to Vetta/Agency and video to other partner sites.

In video we have been asking for lower prices for more mundane and not so spectacular shots and it seems the way they want to go about it is by offering them on other sites without adjusting prices down on iStock.    Ive been doing fairly well with video on Getty and time will tell how much better it gets if at all.    We have to compete with sites like Pond5 which give HD videos almost away at $10 in many instances.   This is a way to do it.

The master grand plan of this whole announcement is for iStock/Getty to flood the market of lower priced sites with the images that are available on Shutterstock, DT, FT, Canstock etc...  That way they will have a chance at diluting the market and maybe even offer lower prices for customers in order to hurt the competition with the same content for cheaper.  Non exclusives IMO are the main target of this and they know they can do it because most non exclusives have most of their images on so many sites that iStock calculates that one more site or multitude of sites wont be a burden since it will be automatically ingested, it will be instant dilution of the market.   Getty will offer competition from the bottom to the top.

Now for Exclusives I see it as a minor adjustment but for Non Exclusives it can be quite a step.  In any case the PP for non exclusives should in some way allow artists to include or exclude files from the offering.  This is probably the main problem with this whole thing.  I know that it is extremely important that as an exclusive PP files can be selected and excluded just like before.   If I didn't have that option I wouldn't have agreed. But since that isn't changing for Exclusives I see no major change in my case.  As a non exclusive it seems you have your work cut out for you.

124
iStockPhoto.com / Re: New Survey...
« on: August 24, 2011, 19:25 »
@StanRohrer

Very well said,  lets hope there is some sense in the company and things do start to turn around.

Very much enjoyed reading your responses and many echo mine!  The survey is worth it as it is at least a try at getting a point across.

125
iStockPhoto.com / Re: New Survey...
« on: August 23, 2011, 16:51 »
LOL Lisa  ;D

Yeah well he is a personal hero, I like that image because it conveys pure outrage.

However full contrarian thinking wont get us anywhere. I plan to create a balanced approach to the survey knowing full well that it could just be shafted by a keystroke.

Who knows what the future will bring but I am sure that if they continue to milk us with even less % revenue for the contributor I won't have the hope and decency I have endured for the last year.

There needs to be a change of course and approach to the dealings of late and if they only knew that the revenue will increase and competition decrease if they did the right thing.

Pay fair wages to contributors = More exclusives and less pictures for other sites.

Less pictures on other sites = Less clients to buy them = Less competition

Less Competition = iStock Grows revenues and gets more traffic

iStock Grows Stronger = They might start to pay 20% to exclusives. 

So I'm not sure if it will be a good thing or a bad thing.   All I know is that as of today they could change a load of things for the better!

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