Wednesday, August 17, 2011
Fotolia Drops Royalties
Stock photography sites continue to race to the bottom when it comes to royalty rates. Fotolia has announced they are working hard to lower your earnings by dropping the royalty rates. They are now aligning themselves with iStock, which had a large number of complaints when they lowered their royalties and became one of the more hates sites. However iStock did not see the large fallout that was talked about and it appears that Fotolia has noticed that. The biggest hit was to vectors, who royalties dropped almost 80%. This also marks the second time in one year for contributors to drop in royalties at Fotolia, as they changed their ranking settings in the spring, which dropped several users down on earnings.
We've been hard at work for the last few months adding features to make the site more convenient for both contributors and artists. With this latest release, we're also revising our subscription plans to align with what's happening in the marketplace. As a result, prices and commissions have been adjusted accordingly. Please see details here. Here are some of the highlights:
- To streamline the product offering for customers, we've merged standard and premium subscriptions into one product.
- Vectors now count as 1 download in subscription plans
- HD videos are no longer available in subscription plans, but web resolution videos are available, and count as 5 downloads.
We encourage you to create and upload HD quality videos to maximize your revenue stream. That's because HD resolution videos will only be available for purchase through the credits system.
Amongst the features you'll find in this latest version of Fotolia are powerful search faceting and filtering, which will allow customers to find the latest and greatest content, faster than ever before.
Fotolia contributors have contributed over 14 million images to date, and we look forward to you continued support in our collective quest to become the #1 stock photo agency in the world.