“Since roughly 2005 we’ve been aware of a basic problem with how our business works. As the company grows, the overall percentage we pay out to contributing artists increases. As a business model, it’s simply unsustainable.”
That is iStockphoto, the biggest microstock agency, talking to it’s contributors, announcing a royalty cut to as low as 15%.
Great analysis by Jeremy Nicholl: iStockphotos “Unsustainable” Business Model: From Crowd-Sourcing To Crowd-Shafting?
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