30 Nov 2007 This Month in Microstock – November 2007
Traditionally a high-volume month for microstock, this November was no exception. Well-prepared microstock contributors are already seeing revenues from seasonal themed photos.
SnapVillage moved their registered office offshore to mixed reactions. They chose Ireland for its friendly tax and Intellectual Property laws.
123rf joined the long list of agencies who updated their website design recently. The new site is cleaner, making navigation faster and easier.
Crestock reduced their payout threshold from $100 to $50 and launched a Photoshop Contest with generous prizes. Their choice of content images ensured the contest got lots of attention. Results for round 1 are already in.
Dreamstime went double platinum by passing the magic 2,000,000 number of total images online, with Moscow based Inga Ivanova being the lucky contributor of photo number two million. Dreamstime gives contributors prizes at each 100,000 milestone.
PhotoShelter launched their new marketplace to buyers. Contributors can earn 70% commissions and set their own prices anywhere above US$50. Both Royalty Free and Rights Managed licenses are supported.
iStockphoto updated their algorithm so that no more than two photos from any single contributor appear in the top 100 search results. This controversial move is intended to eradicate spamming and gaming the system, thus improving the search results for buyers. Niche contributors are understandably unhappy with the change, though nobody can yet know the actual long term affects.