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Important!: Royalty Changes and iStock Collections

Displaying 61 to 80 of 2633 matches.
mantonino
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsMember is a contributor and has less than 250 Illustration downloads
Posted Tue Sep 7, 2010 2:11PM
15%?!?  Ouch, thx for paycutting "most" of us.
sonny2962
Member is a Bronze contributor and has 250 - 2,499 Photo downloads
Posted Tue Sep 7, 2010 2:11PM

Sadly. I go down despite working hard often from before breakfast to after 11PM processing files, uploading etc. It is a patient struggle to make my way to exclusive despite an incredible amount of effort put in.


Somebody might be fortunate to have a couple of runaway successes that download in big numbers year after year - but they might just be sitting on their thumbs and living off former glory as far as current uploads are concerned. Is their not a way to reward effort put in as well?
heizfrosch
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloads
Posted Tue Sep 7, 2010 2:12PM
Thank you for dropping me to 16 % in the future. This eases my decision on how much time to invest here even more than any other financial decision ever. Don't even dare to sell this bullshit as a positive thing. Horray to Bruce who has managed to leave this slave ship just in time ...
DorianGray
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsExclusive
Posted Tue Sep 7, 2010 2:12PM
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.
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 2:12PM
Here is a bit more food for thought. The announcement mentions that royalty targets for 2011 are posted. Which makes it sound likely the targets will be raised in 2012, 2013, etc.
shank_ali
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:12PM

It's pretty obvious, what the bottom line is, when you digest the information.Getty wants to make more money from Istockphoto.These proposals will achieve that aim.Simple.


Me.I will continue to enjoy my photography and upload content i feel will attract a sale.Simple.
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 downloads
Posted Tue Sep 7, 2010 2:12PM

Posted By boryak:
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

This makes me sad. I expect more contributors are hurting from this announcement than benefiting ... a very small percent will get a pay increase, a chunk of contribs will stay the same and the rest will get screwed.

News like this is always worrisome and scary ... iStock is my full-time job, not a weekend hobby I use to pay for my camera gear.
blackwaterimages
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 125 Audio downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive
Posted Tue Sep 7, 2010 2:12PM
This is confusing and a lot of info to wade through, but what it seems to boil down to is big cuts in income for a lot of people - myself included... I used to be very excited about iStock.... not too much anymore though. Wow.
120b_rock
Member is a Silver contributor and has 2,500 - 9,999 Photo downloads
Posted Tue Sep 7, 2010 2:12PM
Sometime I feeling like I am just barely floating above the surface, trying to balance children, life, and photography.  I am a little saddened, but maybe it will push me a little harder to do better and get more creative.  Just need to work on my time management and take a breath and go for it. 
jsnover
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloads
Posted Tue Sep 7, 2010 2:12PM

As far as I can see I'm going to get a huge pay cut. I can't see any upside for anyone but the most active and highest volume contributors. Deeply depressing at first glance, but I'll have to try and read again to see if I missed something,


I thought I was having a great year, but apparently not,
arlindo71
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive
Posted Tue Sep 7, 2010 2:13PM
So, basically, istock is decreasing compensation to most contributors and using the exposition generated by their work to sell an external collection that, since is more expensive, I'm sure will be placed  at the front of search results?
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 Illustration downloadsExclusive
Posted Tue Sep 7, 2010 2:13PM
Here's a quick glance at what this means: (Just MHO)

ITS NOT-the arrival of the ever elusive Black Diamond higher percent to 45%. Cannot believe this isn't ACTUALLY going to happen. Unbelievable.

It is a reward/enticement to the fast track people who get DL's from knowing quality lighting, typical stock models and subjects, etc.

It is also a -25-35% $ drop for most Exclusives and -12-33% $ drop for all Non-Exclusives.

This definitely made the bankers in SF proud as it is about at least a +40-50% $ increase on gross income for the company.

I'd say on avg. it makes all payouts in the neighborhood of 20-23% which is a Getty plan fulfilled of 20% sitewide.

Other things you lost (beside a drop in royalties for most): 1) No 10% for Exclusives on ELs; 2) less $ from Subscriptions; 3) exclusivity as we knew it, as we now share the site to sell Getty content;

We WONT keep uploading b/c its NOT better than what we''d likely get elsewhere anymore. And last, the days of this place being where beginners can start and grow is officially gone. iStock is all grown up now just like her big sister.

ETA: Better actual estimates.
iSCAPRC

(Edited on 2010-09-07 23:32:52 by pastorscott)
adamkaz
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 250 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto Videographer
Posted Tue Sep 7, 2010 2:14PM
Some math to remember... if you go from 40% to 35%, that is not a 5% pay decrease, that is a 12.5% pay decrease from what you were earning. Going from 20% to 25% is a 25% increase, not a 5 percent increase.
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 2:14PM
Posted By Stratol:
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. 


That 5% is 5% less in royalties, but for you it's a decrease from 30% to 25% which is 16.6%.


I would have to sell 1.400.000 worth of credits to stay on 20%. I just got pwned.
SoopySue
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsExclusive
Posted Tue Sep 7, 2010 2:14PM
Is this total change in the way things are worked out a way of reneging on the promise that we'd all be grandfathered in to the next cannister? Change the goalposts totally so there's no possible comparison?
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 2:14PM
How do you guys know to what percentage you will drop? To where will I drop? And when? and why? *confused*.
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 Artist
Posted Tue Sep 7, 2010 2:15PM
Posted By jamirae:


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.



+1 


I too was really looking forward to a diamond level in a month or two.   I guess it won't mean anything now ...  And my litttle porfolio of illustrations and audio will drop all the way to base level from what I can see..
kelvinjay
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 VideographerForum Moderator
Posted Tue Sep 7, 2010 2:15PM
Having looked at the figures, looks like I'll be back to earning 30% as of next January as I can't see me hitting that 40,000 credit target for 2010 by December. Ouch.
leviticus
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive
Posted Tue Sep 7, 2010 2:15PM
I have read the blah blah blah and my initial response is that this doesn't seem to be about the contributors but getty/istock wanting more pie for itself. The cut in vetta payout with a justification of better net is madness, it's still a reduction in loyalty per licence which is daylight robbery for whatever way you look at it.


Fail.
jane
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a Gold contributor and has 10,000 - 24,999 Illustration downloadsExclusiveExclusive iStockphoto Illustrator
Posted Tue Sep 7, 2010 2:16PM
Big pay cut here
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