Thomas Hawk - Why I Quit Getty Images and Why I’m Moving My Stock Photography Sales to Stocksy

Since the Carlyle Group (read their wikipedia page actually, it’s fascinating) has taken over Getty Images, things seem to have changed. Maybe Getty’s parent is trying to wring as much profit as their stock business as they can, but it feels like artists are getting the short end of the stick even more these days.

...

While Stocksy isn’t exactly “occupy” stock photography, rather than me getting 20% and Carlyle getting 80%, I’ll be paid a much fairer 50% payout. The exciting part about Stocksy though isn’t just the higher payout, it’s that the members of Stocksy actually OWN the agency. That’s right, after paying out costs, Stocksy will distribute profits to it’s members — so members will get dividends and actually hold real equity in the business.

...

If you are a photographer, consider signing up. One bit of warning here though, Stocksy is being *very* selective about the photographers that they are adding. I have felt a little bad because some of my good friends and talented photographers haven’t been asked to join

 

And here is more on Stocksy via Cnn.

"Photographers kept coming to see me, coming to visit, telling me how bad the industry was, telling me they were disenfranchised, telling me about the competition, this sea of images. That, combined with declining royalties -- they were super frustrated," he said. "They were looking to me to get back in the game. I just couldn't ignore it anymore."
He's not aiming to conquer the world -- something iStock did as it pioneered the "microstock" market that exploded when an army of digital photographers mobilized to sell photos globally on the Internet. That growth accelerated dramatically when Getty Images acquired iStock for $50 million in 2006. This time around, Livingstone is looking for "sustainability," concentrating on a high-end foothold
Source: http://thomashawk.com/2013/03/why-i-quit-g...