Getty has sent out an announcement today with details about the long awaited change in their royalty system. The new system is to replace the Redeemed Credit (RC) system which was introduced five years ago to reduce the growing percentage of royalties paid to contributors but became unusable for many years now since the introduction of a flat rate per image independent of size and the image subscriptions. Today, roughly 80% of downloads on iStock are coming from subscription customers. The new system is supposed to be more transparent but blatantly fails to be just that. It adds complexity, it adds confusion, it adds intransparency. And it ends up in a pay cut for a large number of users. Continue Reading →
October 25, 2016
by Michael Jay Fotograf 0 comments
As a regular discussion point amongst stock contributors, there is a question how many images of their daily or monthly package subscription buyers of stock images at sites like Shutterstock, iStock or Adobe Stock are actually using.
Reverse engineering subscription usage
The easiest way is to look at Shutterstock’s price plans:
Exciting news: Today’s newest update to Adobe Lightroom – version 6.7 or if you are subscribed to the Creative Cloud version 2015.7 – fully (almost) integrates submission to Adobe Stock and Fotolia now!
The update screen for Lightroom 6.7 / CC 2015.7
As you can see from the screen above, the news is exciting for Adobe as well: Lightroom now allows direct publishing of images to Adobe Stock and – desptite not being mentioned here – Fotolia. For contributors, both selling platforms are connected and integrated in the background, so it is easy to use for both, existing and new suppliers.
Here is what you get from Adobe Stock in short:
Direct submission from Lightroom without FTP software or website uploads
(almost) Full integration with the Fotolia website and existing submissions
It’s been more than two years since I wrote How to make $200 from Shutterstock, iStockphoto or Fotolia?, my most read post up to date. A lot of little changes happened in those two years that add up. The libraries in all agencies have grown bigger, maybe even doubled in size. And my personal focus had shifted from microstock to premium agencies where images are being licensed for $20 or $50 or sometimes $500 each. And I picked up a lot of other tasks to make money here and there. Now I wanted to see how those changes impacted the statements I had made in that article above two years ago.
From Zero to Hundred Dollars a month with microstock images
Microstock analytics tool StockPerformer(*) has started a new tool: Rankings! As they explain in their blog post on this new feature, users can now see live and in real time how their portfolios perform in comparison to the other users that opted in to the anonymous system.
New feature at StockPerformer: Ranking
The new feature may be considered as fun to a certain extent but I think you can draw actual conclusions based on the data with some imagination. If it will help you improve your results is arguable but over time you might at least develop a sense on how your portfolio is improving (or not) compared to the market.