Important!: Royalty Changes and iStock Collections

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kelvinjay
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 downloadsExclusiveMember has won a contestForum Moderator
Posted Tue Sep 7, 2010 1:46PM

Gosh.


Oh well, at least the sky isn't falling in.


Is it?
Alina555
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a Bronze contributor and has 125 - 1,249 Audio downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto Audio ArtistMember has had a File Of The Week.
Posted Tue Sep 7, 2010 1:47PM
Darn ... going down ...
risamay
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 downloads
Posted Tue Sep 7, 2010 1:50PM
I read everything, and from what I can tell, I'll be forever stuck at the 25% royalty rate, in all likelihood.

My 2009 redeemed credits were just over 10,000 and I'm just over 7,000 redeemed credits for 2010; i.e., 25% payout. Therefore, looks to me like it'll be a miracle if I ever reach the 12,500 redeemed credits needed for a royalty payout of 30%.

Correct me if I'm wrong, but wasn't I making more as a gold canister with the former structure? This is a decrease in pay, or am I missing something?

(Edited on 2010-09-07 13:52:23 by risamay)
nicolesy
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 Bronze contributor and has 125 - 1,249 Audio downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto VideographerExclusive iStockphoto Audio ArtistMember has had a File Of The Week
Posted Tue Sep 7, 2010 1:50PM
Wow, this worries me. I'm sure it's good overall for iStock but I can't afford a pay-cut when this is how I pay my bills. Anxiously awaiting my "redeemed credit" total for next year.
SilviaJansen
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 1:51PM

Wow, this will be a huge change, have to reread it and think about it.


My first impression:  this is another step to more quality.
theasis
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloadsMember is a contributor and has less than 125 Audio downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto VideographerSpecial Ops - Awarded to Administrators as a temporary badge to denote their dedication to large horrible jobs that pay little or nothing. Bearers are rewarded with great respect and public admiration.
Posted Tue Sep 7, 2010 1:52PM
Posted By JJRD:
Canister levels.

Thank you.

It took three reads before I was reasonably sure I got it, so can I ask explicitly to be absolutely sure...

If this year I have 12,600 Redeemed Credits then next year and every subsequent year my royalty rate will be at least 30%, even if I only manage 200 Redeemed Credits in subsequent years.
Did I understand that correctly?

Thanks.
boryak
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsExclusiveMember has had a submission accepted to the Designer Spotlight
Posted Tue Sep 7, 2010 1:52PM

OK I see a loss of 5% royalty for me here.. moving to the lowest exclusive payout of from 30% to 25%...


Thats a small gap from non-exclusive with no chance of ever improving (I don't do iStock full time)


If I'd knew that i'm going to stay at 25% royalty, I wouldn't become exclusive for sure.. just not worth it


Time to rethink my exclusivity..


 
jentakespictures
Member is a Silver contributor and has 2,500 - 9,999 Photo downloads
Posted Tue Sep 7, 2010 1:52PM

Wow, this is confusing.  I've read this post and the accompanying article a bunch of times but I want to make sure:  


I'm only 22 downloads away from exclusivity (with a 68% approval rating).  From what I understand, I can still apply in 22 downloads.  Yes?
rmfox
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 Silver contributor and has 2,500 - 9,999 Illustration downloadsExclusiveExclusive iStockphoto IllustratorThis member has lost their last cage match. Consider this the black eye the bully gave you after school by the bike racks.
Posted Tue Sep 7, 2010 1:53PM
Posted By risamay:
I read everything, and from what I can tell, I'll be forever stuck at the 25% royalty rate, in all likelihood.

My 2009 redeemed credits were just over 10,000 and I'm just over 7,000 redeemed credits for 2010; i.e., 25% payout. Therefore, looks to me like it'll be a miracle if I ever reach the 12,500 redeemed credits needed for a royalty payout of 30%.

^^^ This is the way i'm seeing it for me too. I am just high enough to get the 25%, but seems very unlikely that i'll get high enough to make the next level.
ABDESIGN
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 Silver contributor and has 2,500 - 9,999 Illustration downloadsMember has had a submission accepted to the Designer Spotlight
Posted Tue Sep 7, 2010 1:54PM
I sincerely appreciate the 10% pay cut for my photos and 15% pay cut for my illustrations, unbelievable. Thanks for the stab in the back istock.
JasonPrince
Member is a Bronze contributor and has 250 - 2,499 Photo downloads
Posted Tue Sep 7, 2010 1:54PM
okay so GavinD pretty much answered my question...non-exclusives will lose the 5% unless they achieve 1,400,000 redeemed credits...whoa...thats pretty hellishly steep to achieve what we have been getting paid uptil now!...there are going to be some seriously peed off folks!
caspixel
Member has had a submission accepted to the Designer SpotlightThis member has lost their last cage match. Consider this the black eye the bully gave you after school by the bike racks.
Posted Tue Sep 7, 2010 1:56PM
How sneaky. So typical of big corporations. Make it more and more and more complicated so people don't notice how much money they are stealing. When does the main collection get hit with another price increase?
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 SpotlightThis member has lost their last cage match. Consider this the black eye the bully gave you after school by the bike racks.
Posted Tue Sep 7, 2010 1:57PM
The royalty level is recalculated every year. So if you only sell 200 that next year, you drop to the lowest level. Your level starts each year based on the previous year's credits. You can go up from there if you suddenly start selling more and pass X credits in a year, but if you sell less it won't go down... until the next year.
boryak
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsExclusiveMember has had a submission accepted to the Designer Spotlight
Posted Tue Sep 7, 2010 1:57PM
Posted By ABDESIGN:
I sincerely appreciate the 10% pay cut for my photos and 15% pay cut for my illustrations, unbelievable. Thanks for the stab in the back istock.

+1
stockwerk
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsExclusive
Posted Tue Sep 7, 2010 1:57PM

I'm glad I'm not dependent on istock for my income. This way I don't need to brown-nose. This sucks bigtime. It looks like another go at the oh-its-so-unsustainable-we-need-to-take-more-from-you story.
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 1:59PM
Posted By rmfox:

Posted By risamay:
I read everything, and from what I can tell, I'll be forever stuck at the 25% royalty rate, in all likelihood.

My 2009 redeemed credits were just over 10,000 and I'm just over 7,000 redeemed credits for 2010; i.e., 25% payout. Therefore, looks to me like it'll be a miracle if I ever reach the 12,500 redeemed credits needed for a royalty payout of 30%.


^^^ This is the way i'm seeing it for me too. I am just high enough to get the 25%, but seems very unlikely that i'll get high enough to make the next level.



"Beginning in 2011 each contributor's royalty rate will be based on the total number of credits used to download files from the previous year, as opposed to a lifetime download total."


I'd say based on that we'll all be on a "floating" rate.
RiverNorthPhotography
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 1:59PM
This is pretty confusing. I have 11590 redeemed credits to date for 2010. So if I get another 1000 credits by year end, will I have 'earned' the right to keep my current 30% silver royalty rate for all of 2011? Am I figuring this right?
theasis
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloadsMember is a contributor and has less than 125 Audio downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto VideographerSpecial Ops - Awarded to Administrators as a temporary badge to denote their dedication to large horrible jobs that pay little or nothing. Bearers are rewarded with great respect and public admiration.
Posted Tue Sep 7, 2010 2:00PM

Posted By dgilder:
The royalty level is recalculated every year. So if you only sell 200 that next year, you drop to the lowest level. Your level starts each year based on the previous year's credits. You can go up from there if you suddenly start selling more and pass X credits in a year, but if you sell less it won't go down... until the next year.


That's what I understood on the first reading. On the second reading I noted that Kelly says:
You will retain the royalty rate from the end of the previous year

so I think you're wrong, but I'm not certain you're wrong.
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 SpotlightThis member has lost their last cage match. Consider this the black eye the bully gave you after school by the bike racks.
Posted Tue Sep 7, 2010 2:00PM
Also, I said 5% drop for me, but that is just the royalty amount, it actually is almost a 15% paycut in terms of money. Non-exclusives with lower than 2000 credit annual sales are getting a 25% real money cut.
Thomas_EyeDesign
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 125 Audio downloadsExclusiveExclusive iStockphoto Audio ArtistMember has had a File Of The Week
Posted Tue Sep 7, 2010 2:00PM
Posted By theasis:

Posted By JJRD:
Canister levels.


Thank you.

It took three reads before I was reasonably sure I got it, so can I ask explicitly to be absolutely sure...

If this year I have 12,600 Redeemed Credits then next year and every subsequent year my royalty rate will be at least 30%, even if I only manage 200 Redeemed Credits in subsequent years.
Did I understand that correctly?

Thanks.


No your royalty rate is basic on the year before. So if you made 12,600 Redeemed Credits this year and get 30% , but next year it drops so will your royalty rate. That how I read it.
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