The popular stock photography service, iStockphoto, sent out an email to contributors today that it will begin offering a new subscription model to customers in April 2014. While iStock did not reveal the customer pricing for the subscription model, it is likely to be similar to Shutterstock’s plans, which allow 25 image downloads per day for a flat rate of $249/mo. [Read more…]
iStockphoto has long used a “credit” payment system that lets you buy images and other stock files with credits instead of dollars.
Until recently, the only option available for purchasing stock files at iStockphoto has been to purchase credits and then purchase the files with those purchased credits. Additionally, the actual dollar value of a credit may be different depending on how many credits you purchase in bulk. For those who buy lots of images on a frequent basis, the bulk purchase of credits makes sense. However, those who only occasionally purchase stock images or other files encounter problems with understanding the credit-to-dollar value of files, as well as the possibility of your credits expiring (it’s happened to me).
The new Shopping Cart Checkout at iStock now allows you to purchase stock images without having to first purchase iStock credits. When you add a file to your shopping cart, you will see the price in dollars and not credits.
iStockphoto is crossing over into the editorial licensing realm for stock photography. Rolling out in 2011, iStock will only be accepting editorial submissions for specific categories, such as products, architecture and landmarks, travel and lifestyle, social commentary, and urban living. iStock is expressly avoiding submissions for time-sensitive news and traditional photo journalism.
You can find a thorough review of the new editorial submission guidelines in this article on iStockphoto’s website.
Seemingly out of the blue, iStockphoto announced a major change in stock photography royalty rates starting in 2011.
Gone are the days of when a contributor’s canister level (based on number of total downloads) determined the royalty rate received by the contributor. Starting in 2011, the royalty rate will be based on annual “targets” of redeemed credits. [Read more…]
Last week, iStockphoto raised the weekly limits for photo contributors.
New upload limits for non-exclusive contributors:
- Base: 18
- Bronze: 20
- Silver: 24
- Gold : 30
- Diamond: 38
- Black Diamond: 40
New upload limits for exclusive contributors:
- Bronze: 60
- Silver: 90
- Gold: 120
- Diamond: 150
- Black Diamond: 200
iStockphoto has been kicking around for 10 years now. The site has had over 100 million downloads of various types of media files.
Many photographers have become full-time, specialist microstock photographers thanks to the likes of iStock. Over the years, other photographers have grown to loath iStock, and its contributing photographers, claiming that they are killing the photography industry.
Regardless of where your stance is on microstock photography, there’s no doubt that it has changed the industry forever.
Read more about iStock’s 10th anniversary, along with a contest that it’s kicked off in conjunction with this celebration, in the press release below. [Read more…]