A month after the Getty’s initial announcement of its Unification Project
Getty has announced that “Due to the complexity of the work required (in the iStock Royalties and Unification Project) we are pushing back most of the changes by about a month.”
The new timelines will be as follows:
Unification Timeline – Contributor Tools
Originally scheduled for January 3, 2017 is Now Scheduled for February 1, 2017
iStock.com contributor tools will be retired on www.istockphoto.com/xnet
Login details for the ESP Platform sent to iStockers
iStock contributor tools become available via the ESP platform
Unification Timeline – Royalties
Non-Exclusive iStock Royalty Rates
Now scheduled to be effective December 23, 2016, we’re moving to flat rates for non-Exclusive content; 15% for Photo files and 20% for Video and Illustration. Due to system cutover constraints, we need to migrate to this rate in two stages, moving to the 15% flat rate for subscription downloads from December 23, and then moving to the 15% flat rate for credit downloads on January 1, 2017. As a result, you’ll continue to receive your current percentage for credit downloads up until December 31.
, they will still be updating the ASA
on the same time line as originally scheduled – December 1, 2016. This may leave some photographers with important decisions to make in the next five days.
Effective December 1, we will update the ASAs to reflect these changes. You will see the link to the new ASA when you upload through the iStock Site starting near the end of October. We are updating things like how you contact us, how we contact you and when we calculate and pay subscription royalties. You will also see changes from the ‘iStock Site’ to the Getty Images contributor site and ingestion platforms. In addition, we have added some guidance and requirements on drone usage. If you upload content prior to December 1 or fail to terminate your current ASA by sending us notice before December 1, you will be deemed to have agreed to the new ASA.
We’re eager to make all of the changes above and it is frustrating to introduce any delay, but as you’ll appreciate we need to get it right. Thank you for your patience as we complete this work.
iStock Subscription Download Rates
For both Exclusive and Non-Exclusive artists, iStock.com flat subscription download rates will be replaced. Now scheduled to be effective December 23, 2016, a subscription ‘price per file’ (PPF) value will be calculated based on the price the customer paid for the subscription divided by the number of files downloaded against the subscription. Your royalty rate will be applied to the PPF.
Unification Timeline – Exclusive Download Targets
For Exclusive contributors, the retirement of the current Redeemed Credits system on December 31, 2016 and replacement with the new Download Targets system on January 1, 2017 is still on schedule. We will be in touch in December with news of the new Download Targets for 2017.
We will update the Rate Card available on www.istockphoto.com/in/help/sell-stock/rate-schedule
effective December 23, 2016 to reflect all of the changes above. To see the Rate Card that will be effective December 23, 2016, please click here.
Unification Timeline – Royalty statements and payments
Originally scheduled for January 20, 2017 is Now Scheduled for February 20, 2017
Royalty statement for January transactions available via Account Management in ESP.
Originally scheduled for January 25, 2017 is Now Scheduled for February 25, 2017
Payments for January transactions will be reflected on the February 20 statement.
Check these links for more information about iStock Unification Changes
and iStock Royalty Changes