- Pat and Garth will grin from ear to ear. (2, 3)
- Some Jon elsewhere will take his heli to the Hamptons this weekend thinking "It´s a beautiful day". (1)
- Serban´s Dreamstime - though in terms of turnover in no way comparable to iStock - remains a working & happy community, and this move from Getty Images/Hellman & Friedman LLC has the potential to cause irrevocable damage to the iStock community.
- Microstock isn´t (actually since 2 1/2 years) what it used to be in April 2004.
- Admittedly in that specific environment resp. business construction, for many reasons, The Agency Collection (and the Redeemed Credits in the fine print details as well as the new possibilities for new "talented artists just arriving at iStock") was overdue, like earlier elsewhere The Infinite Collection.
- There are many interesting inevitable business conclusions in it, and between the lines, about the market and why iStock must meet higher revenue targets.
- In general, microstock is now mainstream, it´s not anymore an intellectual challenge in all of its ramifications as a new phenomenon like earlier, it has lost its mental sexual appeal (except for UG celebrity micro content and microstock audio), regardless of the ongoing Who´s acquiring whom-game.
More of this below (accentuation by me):
(1) "In the case of royalties from Subscription credits we are adjusting the minimum value of the subscription credit from $0.95 to $0.65"
(2) "For non-exclusive contributors the royalties will range from 15 to 20% for content sold on iStock."
(3) "For Exclusive contributors, we are happy to announce there will be a new top royalty level of 45%. The range will now be: 25, 30, 35, 40, 45% ... We are also removing the 10 percent bonus on Extended License royalties for Exclusive contributors."
... from Kelly as the apparently not happy bearer of the (bad) news and in meanwhile 112 pages of responses currently from contributors here: "Anyone know if Bruce Livingstone is starting a new stock photo company? I'd be there in a minute..." (bradwieland, page 111).
Now the new foundation of Stockfresh by Peter Hamza and Andy Pfaff makes sense in many ways.
Details for Audio/Video/Flash/Illustrations Royalty Level Rates and the increased Vetta Collection Prices and the decreased Vetta Collection Royalties here.
[Here is an update from Kelly, just posted - already 19 pages of responses]