iStockphoto Listens To Videographers

In early March Selling-Stock reported that many of iStockphoto’s most experienced videographers were very upset with the proposed royalty share for iStock new Vetta collection. At least 25 of the most productive contributors with a combined total of about 45,000 clips decided not to participate in Vetta. Most concluded they were likely to earn more if their clips were licensed at the lower Exclusive prices because they would continue to receive a higher royalty rate. It is also expected that clips available at the lower Exclusive prices will sell more frequently than those at the higher Vetta prices. Illustrators who produce Vector art were faced with the same problem.