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They have wholly owned content, so I don't really see how the two different models can be compared? 100% seems good but how does this work in the long term if they keep growing their wholly owned content?I'm quite happy with Pond5, 50% and letting me set my own prices.
I am all for paying the creator for their work. But any business practices 101 course will tell you that 100% royalties is hard to maintain while at the same time damaging the overall business. Seriously, how do you help someone like this grow?
This is nuts. Why support a company that gives content away for free? Let them sink. The sooner the better.
It is an interesting concept for the business. The big dogs like Getty, where I am, do this all the time that is why I have a load of $1 sales for my HD and 4k content there. If the buyers spends x they give the x number of Dl's say at $3.00. With VB it is like Amazon Prime, you have to be a member to get the cheaper price, the good news for them is the 4k is not at a discount only HD, I could see them putting 4k at $150 and raising HD to $69 either way this is very interesting to watch on the business front. They are looking to grow the subscription base as that is how they make their money, nothing is free as you have to pay the $99.00 per year for access. Time will tell.
To get 42$ per hd clip at vb is much more than the 23.7$ from shutter stock it is simple math thats why i work at first priority with vb and put aside ss and p5. Those agencies must see that we are working with agencies who apriciate us and pays us high royalties. Only then maybe ss will wake up and start paying here contributors at least 50%. Sent from my iPhone using Tapatalk
... that is why I have a load of $1 sales for my HD and 4k content there. ...
Is the other content wholly owned or is like their other sites where they paid the copyright holders some paltry sum (much less than an EL) to be able to sell the content in perpetuity without any further compensation?I have just had a thought. Who thinks they will soon be approaching the best selling people on the PPD side with an offer to licence their portfolios in the same way as graphicstock (their other site)? I think they are just using the set up to be able to chose only the people that sell to license to the sub site, so the quality of their subs offering will increase and PPD decrease until the opposite of the current situation is the case, best stuff on the subs side with no further compensation to contributors.
Quote from: Justanotherphotographer on December 16, 2015, 06:28Is the other content wholly owned or is like their other sites where they paid the copyright holders some paltry sum (much less than an EL) to be able to sell the content in perpetuity without any further compensation?I have just had a thought. Who thinks they will soon be approaching the best selling people on the PPD side with an offer to licence their portfolios in the same way as graphicstock (their other site)? I think they are just using the set up to be able to chose only the people that sell to license to the sub site, so the quality of their subs offering will increase and PPD decrease until the opposite of the current situation is the case, best stuff on the subs side with no further compensation to contributors.I thought I heard they paid artists to shoot a lot of that content for them before they started up.....can't say for sure but I thought I read that somewhere.
Yes I wouldn't be surprised at all if VB management start approaching sellers in their marketplace and make an offer for their content.
If they decide to sell at much lower price or lower our commission, we can just delete our clips. It's so easy.
Quote from: helloitsme on December 21, 2015, 21:39If they decide to sell at much lower price or lower our commission, we can just delete our clips. It's so easy.I don't sell video, so this is just a comment in general terms about the risks you take if you sign on for a deal that is undercutting other agencies where you currently sell.If VideoBlocks becomes dominant and then cuts your royalties you may not have any other agencies left out there to sell through. So you can just delete your clips (always something you want to check with any agency, that you can do that yourself), but there's nowhere to go.There was a story about limo drivers in Houston who helped Uber get started, spoke up for them with the city council, and then when Uber started changing the deal and cutting driver payments, the companies they used to drive for were all gone and they were stuck with Uber.
VB actually is in the process of sourcing in content for a one-time-fee. So it will be offered as "own" content on the site and available for a flat fee to customers forever and without limitation. This business model, if it takes root, will eradicate the existing stock market. Even if you sign up for a commission you just feed the site to get a customer base, and once that base is established you will just receive 100% of nothing while the own content will be promoted. You should think really well before supporting business models that will destroy your very livelihood.
Uh oh...and may I guess who you support fully?
They wont change their business model. Their existing model is quite sufficient to put you out of business. They are growing their solely owned content so they can stop having to pay out commissions. ETA I mean content they pay a one time fee to be able to give away or sell as they see fit. So not actually owned by them necessarily.
We need to make an all out push now to promote VideoBlocks everywhere, in your social media and everywhere you can to get word out to buyers so they can come to videoblocks. In light of Pond 5 basically out of the picture now and closing the door to new uploads as they've "raised their standards" we need to make Videoblocks number one. It would be nice if they let us set our own prices OR raised their prices to well over $100 and bucked the trend to race to the bottom but their 50% commission is a lot better than the tiny commissions SS pays.Unless there is another site out there that is better that I don't know about that accepts editorial as well as commercial then I think Videoblocks is the only real game left in town and if so then we need to promote them and get buyers to come to them.