A quick overview below about the recent changes in contributor royalties at Fotolia. Not Year-over-Year, instead based on the two-year-period 2009 until 2011 to demonstrate the development.
Still this does not fully reflect the situation of contributors since Fotolia indeed increased the prices of their credit packages from 2010 to 2011 between 5,26% and 6,67% (depending on the size of these packages), but contributors do not benefit from this because their slice is based on the credits needed to buy an image, not on the price of the image itself.
Continue reading "Contributor Royalty Changes@Fotolia" »
Patrick Lor, co-founder of iStockphoto, a Getty owned-online marketplace for microstock photography and video, has joined rival Fotolia as the President of Fotolia North America.
According to Lor, his non-compete contract expired with Getty recently, which left him available to get back into the stock photography business.
iStockphoto was initially launched to democratize photography and let all people use images, Lor says. He was disappointed to hear of iStockphoto’s aggressive price increases following the Getty acquisition and maintains that Fotolia’s prices are much more fair for consumers.
Lor hopes to launch some new services in the future but won’t reveal what those are just yet. Sources: Leena Rao/TechCrunch (compiled/accentuation in bold above by me) and Fotolia.
Regardless of the small mistake in the TC post - iStock (since 2000) is way longer in business than Fotolia (since 2005) - it´s a strange time for iStockphoto:
Continue reading "Patrick Lor, Co-founder of iStockphoto, joins Fotolia" »