Important!: Royalty Changes and iStock Collections

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jamirae
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a Gold contributor and has 10,000 - 24,999 Illustration downloads
Posted Tue Sep 7, 2010 2:01PM

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%.

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)



Yeah, I agree. the stats thus far for me are not promising. I am so close to diamond and was counting on that slight royalty raise but looks like I'll have to plan on a decrease instead. still 3+ months left in the year to build up those stats, but since the last 2 months of the year are generally slow due to the holidays, I'm not counting on that.

I understand how wonderful the Vetta and artistic collections are here at iStock, but it seems to me that the artistic images are getting promoted more than the 'what makes good stock' images. After training myself to concentrate on stock shots, it seems I now need to build on some advanced photoshop skills or body painting lessons to get ahead here.
cafillu
Member is a Silver contributor and has 2,500 - 9,999 Illustration downloads
Posted Tue Sep 7, 2010 2:01PM
Why doesn't and illustration credit have the same weight as a photography credit? They cost the same to buy.
Funwithfood
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:03PM
Looks like I'll need to look into other income sources to cover the loss.
pink_cotton_candy
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloadsExclusiveExclusive iStockphoto Illustrator
Posted Tue Sep 7, 2010 2:03PM

Questions:


In looking at the Royalty Target chart, it looks like each file type is separate. Example, in my stats, I have over 25K credits for photos and under 1,000 for illos. At this rate for illustration purposes, next year, I would earn 30% on photos and 25% on illos. Is this correct? The individual file types are not combined?


You're now _forcing_ us to put our content in other venues if we want Vetta? What if we have Vetta now and we choose to not supply Getty, will they change back to Exclusive collection?


Do only iStockphoto credits affect our royalty rate, still?


This conversation allows me to ask another question - referring to Video forum thread about a few contributors' surprise to have videos (more than they thought) duplicated on Getty at a higher price. Is this the way things will keep going? and you're making it sound like customers are fine with it?
dgilder
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Illustration downloads
Posted Tue Sep 7, 2010 2:04PM
On the plus side, at least they made this announcement *after* the Labor Day holiday in the U.S. instead of leaving us hanging over a holiday weekend.
Stratol
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:04PM

I hope I'm just not understanding this all correctly, or missing something. Not everyone does iStock full time, I am one of these many people. Some months I have more time to spend creating and uploading content than others. This new system seems to be a way to lower contributor royalities if they aren't constantly uploading new content and reaching these "targets"


I just went silver and under this new system it looks like I could be losing that 5% gain I just got starting in January. I already busted my ass trying to get in before you were going to raise the canister levels and now I'm going to be demoted? After being promised we wouldnt go down levels this summer? You need to atleast lock people in to whatever they are currently at, even if only for the first year. Demoting contributors is not very motivating. If I have to start busting my ass just to stay at a level royalty percentage then there's really not much left in it for me.
Leadinglights
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:06PM
As I see it this has introduced the new canister levels threat we had a few months by a different route. Whereas I'm only a few months away from Gold and 10000 downloads, based on my current Redeemed Credits rate, I'll not reach 40000 a year if I live to be a 100. The prospect of 35% has been strangled at birth.
cafillu
Member is a Silver contributor and has 2,500 - 9,999 Illustration downloads
Posted Tue Sep 7, 2010 2:06PM


Posted By pink_cotton_candy:

Questions:


In looking at the Royalty Target chart, it looks like each file type is separate. Example, in my stats, I have over 25K credits for photos and under 1,000 for illos. At this rate for illustration purposes, next year, I would earn 30% on photos and 25% on illos. Is this correct? The individual file types are not combined?


You're now _forcing_ us to put our content in other venues if we want Vetta? What if we have Vetta now and we choose to not supply Getty, will they change back to Exclusive collection?


Do only iStockphoto credits affect our royalty rate, still?


This conversation allows me to ask another question - referring to Video forum thread about a few contributors' surprise to have videos (more than they thought) duplicated on Getty at a higher price. Is this the way things will keep going? and you're making it sound like customers are fine with it?

Also, the trargets are much higher to hit with illustration! I don't understand why they are not the same royality levels.
kickers
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 Illustration downloadsExclusiveExclusive iStockphoto Videographer
Posted Tue Sep 7, 2010 2:06PM
I don't understand many of the facts but I guess there will be some crowns going down the drain...
KathrynSK
Member is a Silver contributor and has 2,500 - 9,999 Illustration downloadsExclusive iStockphoto Illustrator
Posted Tue Sep 7, 2010 2:07PM
Mine's dropping too. Tremendous bummer.

iStock can you meet us in-between. What about 28% for silver canisters?

(Edited on 2010-09-07 14:09:15 by KathrynSK)
MirekP
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a Gold contributor and has 10,000 - 24,999 Illustration downloadsExclusiveExclusive iStockphoto Illustrator
Posted Tue Sep 7, 2010 2:08PM
I am very sad
cofkocof
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloads
Posted Tue Sep 7, 2010 2:08PM
With that overriding objective, we wanted to produce a solution that:
- would not change most contributors' total compensation (except for the better)
 

Is it possible to calculate for how many contributors this statement actually holds? And also for how many non-exclusive contributors? I can think of less than 5, if that.

PS: I know it is possible and I also know it probably has been calculated. And won't be shared with us.
TerryJ
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive
Posted Tue Sep 7, 2010 2:08PM

Geez...I'm already working my tail-end off...guess I'll have to work even harder.
mikemcd
Member is a Diamond contributor and has 25,000 - 199,999 Illustration downloads
Posted Tue Sep 7, 2010 2:08PM
Thanks for the pay cut, istock.
jentakespictures
Member is a Silver contributor and has 2,500 - 9,999 Photo downloads
Posted Tue Sep 7, 2010 2:08PM
Posted By Thomas_EyeDesign:

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.


Yes, can you please clarify the line: "You will retain the royalty rate from the end of the previous year"


Everything else sounds like our royalty rates can go down in January of each year, but that line makes it sound like we get to carry over the rate to the next year so we can only go up.
goodynewshoes
Member is a Silver contributor and has 2,500 - 9,999 Photo downloads
Posted Tue Sep 7, 2010 2:08PM
Wow...if I'm reading this correctly, this is definitely NOT in favor of contributors.  I hope I am wrong.  If not, just another reason to upload elsewhere.
JasonPrince
Member is a Bronze contributor and has 250 - 2,499 Photo downloads
Posted Tue Sep 7, 2010 2:09PM

Posted By kickers:
I don't understand many of the facts but I guess there will be some crowns going down the drain...


Either that or there will be a serious push by individuals to attain the status to ensure that the royalty payout increases and remains at 25% at most!
rwarnick
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloadsExclusive iStockphoto Videographer
Posted Tue Sep 7, 2010 2:09PM
istockphoto.com used to be a place where graphic designers could go to get very affordable stock photography, and where artists could sell artwork and make a few bucks.  Getty is incrementally destroying this model. Soon istockphoto.com will become as useless to designers as Getty Images for projects that don't have huge budgets.
Wislander
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsMember is a Gold contributor and has 10,000 - 24,999 Illustration downloadsExclusiveExclusive iStockphoto Illustrator
Posted Tue Sep 7, 2010 2:09PM
In my case since I am not a high volume mover I can expect to see a drop in earnings according to the table. So much for iStock being there to the little guy trying to get his work out there. This seems only to be a good deal for people who can treat iStock like a full time job.
SoopySue
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:10PM
Posted By jamirae:

I understand how wonderful the Vetta and artistic collections are here at iStock, but it seems to me that the artistic images are getting promoted more than the 'what makes good stock' images. After training myself to concentrate on stock shots, it seems I now need to build on some advanced photoshop skills or body painting lessons to get ahead here.


And then you'll be directly competing against work from other agencies as well as top iStockers.


Far too complicated. I'll probably be going downhill: my dls are well down this year.
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