HQ: Royalty Rates Rollover - Effective December 31st

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kelvinjay
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Posted Wed Jan 2, 2013 3:56AM

Posted By BrettCharlton:

So let me get this straight...


Even though you end 2012 meeting an RC target  (lets say 11,000 plus credits giving 30% royalties) you still start the new year off at 25% royalties and stay that way until you hit the 11,000 RC point in 2013 then go back to the 30%?


No. That's not how it is supposed to work.

If you hit an RC level during 2012 then you should start receiving that level right away, give or take a couple of days for the higher rate to kick in. That rate should also be what you receive from the start of 2013 too. However, last year there was an issue with people not getting the higher rate automatically, but this was addressed with a retro payment.
jtyler
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Posted Wed Jan 2, 2013 8:28AM
I am staying at 35% royalty per the rollover. What are the figures to the right beside the RC total that say 25% 1500? Does that mean my level wil go to 25$ next year and where does 1500 fit in - I assume those are RCs.

(Edited on 2013-01-02 08:30:12 by jtyler)
exxorian
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Posted Wed Jan 2, 2013 8:33AM

I repost my question below because I don't think this is good enough to discuss before locked, I think the official feedback is important and more clear with good communication between iStock and contributor.


 


I found a big boost over 5K in the 2012 RC totals on 31 Dec. I record RCs and Royalties everyday, my RCs should not have gone up so much, unless there is many missing downloads/royalties figure on my record. That leads me to suspect that the system probably didn’t give the proper royalties to us.

Did anyone else got a boost in 2012 RC totals? 

Did your downloads/royalties match the boosted RCs? 

Is it really a missed calculation on downloads/royalties for our account? Is this missing record leads us feel the sales dropped during Sep and Dec?

Could iStock figure this out?
crossbrain66
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Posted Wed Jan 2, 2013 8:39AM
^ my RC shown for 2012 are right on target
MichaelJay
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsThis member has lost their last cage match. Consider this the black eye the bully gave you after school by the bike racks.
Posted Wed Jan 2, 2013 8:48AM
Posted By jtyler:
I am staying at 35% royalty per the rollover. What are the figures to the right beside the RC total that say 25% 1500? Does that mean my level wil go to 25$ next year and where does 1500 fit in - I assume those are RCs.

It says you have to make 1500 RCs to get to the 25% level for next year. As soon as you reach that, it will change to the next higher level and so on. Same procedure as every year.
BrettCharlton
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Posted Wed Jan 2, 2013 9:10AM
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Posted By kelvinjay:


Posted By BrettCharlton:

So let me get this straight...


Even though you end 2012 meeting an RC target  (lets say 11,000 plus credits giving 30% royalties) you still start the new year off at 25% royalties and stay that way until you hit the 11,000 RC point in 2013 then go back to the 30%?



No. That's not how it is supposed to work.

If you hit an RC level during 2012 then you should start receiving that level right away, give or take a couple of days for the higher rate to kick in. That rate should also be what you receive from the start of 2013 too. However, last year there was an issue with people not getting the higher rate automatically, but this was addressed with a retro payment.


This was my understanding so didn't really give too much thought to the situation as I had met my target back in November.


On January 1st all my RC's vanished for all previous years and it looks as though I am back on 25%.


I've fired off a communication to IS and awaiting a reply.
sjlocke
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Posted Wed Jan 2, 2013 9:14AM
I think you are misreading the RC chart on that financial tab. Your current rate is on the left. Your current RCs are on the right with what you need to hit for next year.
kelvinjay
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Posted Wed Jan 2, 2013 9:19AM

Posted By sjlocke:
I think you are misreading the RC chart on that financial tab. Your current rate is on the left. Your current RCs are on the right with what you need to hit for next year.


Exactly.

For anyone who may be confused:

Photo%2002-01-2013%2017%2050%2022

On January first this year, as for the previous two years, the RC total resets to zero. Everyone starts with zero RCs every January 1st. As the days pass and you sell files, you rack up RCs.

The column on the left that says "current" highlighted in blue here, shows your current royalty rate for the media that are listed below it e.g. Photos in this case will earn 30%. So what is listed under the word current is your current royalty rate.

The column over to the right that says trending shows what you are on target to earn from the start of NEXT year, based on how many RCs you accumulate this year. Also, for those who surpass their current royalty rate within 2013, it shows their next target.

So, for example, lets say that you earn fewer than 1500 RCs in 2013, you would therefore start 2014 on the base level royalty, in the case of an exclusive, that would be 25%. Once you have passed 1500RCs in 2013, this should change to then show the next target e.g. 11,000 RCs to then earn 30% and so on.

You can find the RC targets for the coming year here.

Hope that helps to clarify things a little.

(Edited on 2013-01-02 10:18:16 by kelvinjay)
jtyler
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Posted Wed Jan 2, 2013 10:24AM
Posted By MichaelJay:


Posted By jtyler:
I am staying at 35% royalty per the rollover. What are the figures to the right beside the RC total that say 25% 1500? Does that mean my level wil go to 25$ next year and where does 1500 fit in - I assume those are RCs.



It says you have to make 1500 RCs to get to the 25% level for next year. As soon as you reach that, it will change to the next higher level and so on. Same procedure as every year.



I still don't understand. I am not at 20% and need to get to 25%. By next year do you mean 2014? It say under royalties that I am at 35%. If I drop a level at the end of 3013 I would be at 30%, if I don't have enough RCs to stay at 35%. So I don't know why I need to get 1500 RC to get to 20%. Shouldn't it ssay what RCs I need to dtay at 35%?

(Edited on 2013-01-02 10:27:53 by jtyler)
sjlocke
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Posted Wed Jan 2, 2013 10:39AM
Read KJ's post above. It's pretty clear.
BrettCharlton
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Posted Wed Jan 2, 2013 11:04AM
Thanks. Now it all makes sense and confirmed by reply from IS
RobMattingley
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Posted Wed Jan 2, 2013 11:11AM
Posted By jtyler:
I still don't understand. I am not at 20% and need to get to 25%. By next year do you mean 2014? It say under royalties that I am at 35%. If I drop a level at the end of 3013 I would be at 30%, if I don't have enough RCs to stay at 35%. So I don't know why I need to get 1500 RC to get to 20%. Shouldn't it ssay what RCs I need to dtay at 35%?

I think the point that you are missing is that it is possible for you to drop more than one level.  If you are at 35% now but only get 5000 RCs in 2013, you will drop two levels and only get 25% in 2014.  Does that help?
MarsBars
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Posted Wed Jan 2, 2013 11:14AM

Thank you, I was also on the verge of not reaching my target to mantain my current royalty rate... so I see this as good news and a sign of good will from headquarters..


Here's to hoping that 2013 is the year that Istock recovers its former glory with customers and contributors alike!


 
jtyler
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Posted Wed Jan 2, 2013 12:42PM
Posted By RobMattingley:

Posted By jtyler:
I still don't understand. I am not at 20% and need to get to 25%. By next year do you mean 2014? It say under royalties that I am at 35%. If I drop a level at the end of 3013 I would be at 30%, if I don't have enough RCs to stay at 35%. So I don't know why I need to get 1500 RC to get to 20%. Shouldn't it ssay what RCs I need to dtay at 35%?


I think the point that you are missing is that it is possible for you to drop more than one level. If you are at 35% now but only get 5000 RCs in 2013, you will drop two levels and only get 25% in 2014. Does that help?


Yes, it does. That would be a pretty big drop. But with the goals Getty has, being able to make anything will keep getting harder and harder. I am grateful to keep at this level this year.It's been a difficult year on many levels, so I am hoping '13 will be better and I can get back to the 40% I worked so hard to get and maintain.
Alina555
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Posted Wed Jan 2, 2013 9:00PM
Posted By CraigRJD:
Alina and Rob - good luck for the next few days. An EL about now would help!


A quick update for everyone  ...  both Rob and I, and actually Craig too  made it to the next level..  Thank you everyone for your positive wishes...  For me it wasn't an EL - I think it was it was a whole bunch of s and xs files from the same series that someone bought before the end of the year ... So I actually ended up with a couple hundred RCs over ...   


Now to survive next year ....
AYImages
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Posted Thu Jan 3, 2013 10:07AM
I'm not sure what's going on. I've returned (gone up) to 35% after a massive increase in RC (over 10000 credits). Not complaining but I want to know what's going on.
nickfree
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Posted Thu Jan 3, 2013 3:55PM

Thanks Istock, nice touch, its appreciated. I stay at 35% when I would have dropped a royalty level.


AYImages, you have been boosted RC artificially so you retain your 35%. thats whats going on. Istock is performing well and we are being treated!
3dmentat
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Posted Thu Jan 3, 2013 4:03PM

How come some get this artificiall boost and others don't ?


I've missed 40% target by 3% ... And I don't feel motivated at all now...
MarcusPhoto1
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Posted Tue Jan 8, 2013 11:09AM

Thanks for this. Appreciated and a nice suprise.


 


Now Please sort this issue out of giving work away on Microsoft which seems to be affecting many istockers (Unreal! #lawsuit) and let's move forward for 2013!


Cheers
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