Posted Mon Oct 29, 2012 7:41AM
Below are the 2012 Redeemed Credit targets for iStockphoto contributors.
We are happy to announce that there is no increase in any of the RC targets over the previous year's revised targets — all redeemed credit targets for all file types will stay the same for 2012.
These targets will determine your starting/minimum royalty rate for 2013. If you reach a new target during the remainder of 2012 you will move up to a higher royalty rate, otherwise your current rate will remain in effect until the end of the year.
For reference, below are the revised 2011 Redeemed Credit targets for iStockphoto contributors.
Here are the new targets. Revised numbers are in blue.
2012 Retro Payments
Now that we have the new rates added to the site we can work on calculating the necessary retro payments to the folks who reached their next target. It is out intention to have this automatically update as our contributors pass each milestone but we haven't be able to nail that down quite yet. So we will need a little more time before we can push the script to clear all of that up.
I will update this stickie to reflect any changes to the Retro Payments. We appreciate your continued patience.