Wednesday, August 29, 2007

iStockPhoto - 100% Royalty Day

Why, oh why, is iStockPhoto running "100% royalty" days? iStockPhoto forum member LeggNet wrote on Friday, August 24th, at 10:08PM:

"I count the extra $75 I received today from "100% royalties day" as a nice special"
According to PDNPulse, which reported on July 20th, that this would happen in the next two months, it apparently did, on or about August 20th, according to their forums, but only if you're an exclusive istockphoto contributor, otherwise, it's just 20% for you, with no 100%. Of note, from their press release, was an interesting figure - 2,300 - "...All 2,300 iStockphoto exclusive members...", meaning, that there are only 2,300 members (apparently worldwide?) that are exclusive, yet they gave out $100,000 extra that day. That amounts to about $43.48, on average, additional per day, to each exclusive member. Above, LeggNet got $75. Somewhere, there's some reverse-engineering worth doing there to determine the monthly revenue by iStockPhoto, and the 2,300 exclusives, to the quantity of non-exclusives, to determine just how good bad things are over there.
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