This little piggy went to market... ©James Worrell, 2010.
On September 7th iStockphoto COO Kelly Thompson lit the fuse to an impressive firestorm with his announcement on the agency’s forums titled “Important!: Royalty Changes and iStock Collections”. To the uninitiated iStock’s payment structure can appear confusing, to put it mildly, and Thompson’s announcement lacked clarity. But the iStockers themselves had no doubt: this was a pay cut, and a savage one, wrapped in vague and soothing language. Under the new rules contributor royalties would be as low as 15%. -From Jeremy Nicholl & A Photo Editor.
I should be saying I told you so. I can't. It's just too pathetic. Better get back to work grinding out the fodder for less money.