Important!: Royalty Changes and iStock Collections

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KenWLloyd
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:30PM
So you really think we would understand it? It’s easier trying to understand our Inland Revenue and Customs and excise rules. Whatever!

(Edited on 2010-09-07 14:30:51 by KenWLloyd)
dgilder
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsMember has had a submission accepted to the Designer Spotlight
Posted Tue Sep 7, 2010 2:30PM

Posted By kickers:

Posted By olandesina:
Bitter :(


Yeah, I miss those times too. Istock was great these days.


How many years of non-compete do you think they locked him into?
Boast
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive
Posted Tue Sep 7, 2010 2:30PM
The company has officially turned from contributor/community focused to greed and profit maximization.  What the overpriced executives at Getty don't realize is that this will hurt them in the long run and will expose them to more competition as photographers leave or become non-exclusive. 
sjlocke
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsMember is a Gold contributor and has 5,000 - 12,499 Video downloadsMember is a Bronze contributor and has 125 - 1,249 Audio downloadsMember is a Bronze contributor and has 250 - 2,499 Flash downloadsMember is a Silver contributor and has 2,500 - 9,999 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto Flash ArtistExclusive iStockphoto VideographerMember has had a File Of The Week
Posted Tue Sep 7, 2010 2:30PM

Posted By DorianGray:
lovin the new emphasis that all photo sales aren't equal.  and I'm jazzed for newer artists to climb the ranks faster if their work is spot on.


There is no "climbing the ranks". There is constant "clawing to stay in place" (and thanks to floating goalposts, could (and will) move from year to year). Please avoid the fanboy jazz.
Pannonia
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:30PM
12.5% cut here (40%->35%). But if I sell 3 times more images in value next year, I can get back to this year's level! That's very motivating, thanks a lot!
abzee
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveMember has had a File Of The WeekAwarded to fabulous photographers with more than 100,000 downloads
Posted Tue Sep 7, 2010 2:31PM

This now opens up the whole royalty payout system to even further 'management' from Getty via BM. 


All they have to do is fiddle with the BM in such away that historically successful files which have served successful high canister contributors well and continued to do so no longer sell well forcing that contributor down a level next year.


And anyone who has lived in the world of OTE, on target earnings, will recognise the true significance of this move.


A truly cynical and Big Business move.
wellesenterprises
Member is a Silver contributor and has 2,500 - 9,999 Photo downloads
Posted Tue Sep 7, 2010 2:31PM

It's so nice to know that there are people sitting in an office all day long whose sole job is to figure out how to squeeze more money out of people who are already underpaid. This certainly is an awesome business. Just host photos on servers and collect the money. Nothing is produced and no effort is needed other than maintaining servers, a website and a small office staff. Amazon has to buy and sell physical goods. Microsoft has to innovate. You just host and skim. Must be nice. Thanks again for finding a way to lower my payouts for next year. It is much apppreciated.


(So do I get a punishment now for being honest about my feelings? I await the answer with baited breath...)
dan_prat
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsExclusiveMember has had a File Of The Week
Posted Tue Sep 7, 2010 2:31PM
Why the different royalty structure for vetta images?  If you're earning more per vetta sold, why should contributors accept less for their high quality work?
Marbury
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a Gold contributor and has 5,000 - 12,499 Audio downloadsMember has had a File Of The Week.
Posted Tue Sep 7, 2010 2:31PM
looks like the party's over. It's harder getting images approved than it used to be and now this. Why is everything changing so fast here.
ProjectB
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:31PM

Read enough............Off to open that bottle of wine that I saved for the weekend......
AustinArtist
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:31PM
Posted By SoopySue:
How do people manage to work out their earned credits so quickly? (Actually I don't even think I want to look at mine).

It shows up on your profile page under the "stats" tab.  At least it does on mine.  Mine's higher than I would have thought, but not high enough for me to make the next level.
narcisa
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloadsExclusiveExclusive iStockphoto Illustrator
Posted Tue Sep 7, 2010 2:31PM

paycut here too


this replaces punctum day which should have taken place in a few days??
manley099
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsExclusiveExclusive iStockphoto Videographer
Posted Tue Sep 7, 2010 2:31PM

this is definitely complicated and definitely bad for the contributors. the redeemed point system is ridiculous, how did they come up with those numbers? 1.4 mil for 45%, 140k for 40%, etc... you might as well make it 10 mil for 45% and 500k for 40%, etc... this is horrible


so istock basically wants us to work even harder to keep us at the rate we are currently getting paid out? you guys even noted on your annoucement that this is gonna be better for the contributors but i seriously see how that can be. you guys are starting us with a paycut right off the bat for the new year.


FML... this is not going to be pretty for anyone but "the man"....
pastorscott
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive
Posted Tue Sep 7, 2010 2:32PM

wow I can't even read the pages before another is done! If you have a A badge it wouldn't be a good time to show up in here.
bpowelldesign
Member is a Gold contributor and has 10,000 - 24,999 Illustration downloadsExclusive iStockphoto IllustratorMember has had a submission accepted to the Designer Spotlight
Posted Tue Sep 7, 2010 2:32PM

The only thing I have an issue with is the illustration model - there is a huge difference between level 22K & level 75K - shouldn't there be a level in between there somewhere? The photographers graph goes 12.5K, 40K & then 150K.


Just sems a little funny...
Focus_on_Nature
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:32PM

I uploaded a lot last vew weeks so I could reach silver and the new royalty early 2011...... All for nothing?....


7398 credits so far only 3,5 months to go. 


Istock: -1


 
sonny2962
Member is a Bronze contributor and has 250 - 2,499 Photo downloads
Posted Tue Sep 7, 2010 2:32PM
As I remember - ten years ago or so - big greedy established stock agencies got caught out by iStock. They were complacent and err. . . greedy. How long before iStock wounds so many of their faithful that they too lose out to something new?
Purplevideos
Member is a Gold contributor and has 5,000 - 12,499 Video downloadsExclusive iStockphoto VideographerMember has had a File Of The Week.
Posted Tue Sep 7, 2010 2:33PM

I feel cheated by istock. All the contributors here have worked so long and hard to build up amazing material, and work on their cannister levels. It's the thing that keeps us going. The chance to step up to the next level and get rewarded. Bang goes my long term planning.


I'm hoping contributor pressure will make them change their minds.


 
ktaylorg
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:33PM
Could you make this any more confusing?!?!?! I need a manual anymore to understand company updates - it completely should NOT be that way! Take care of your own not alienate them, istock.
PaulaConnelly
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:33PM

Read the announcement several times.  It may as well be written in Mongolian.  I haven't really liked anything istock have announced recently though.  We seem to have had quite a bit of bad news dressed up as good news.


It seems complicated.....I'm suspicious
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