IBX5980432E7F390 Corbis Lines Own Pockets On Backs of Photographers - Business Tips

Corbis Lines Own Pockets On Backs of Photographers


Corbis Lines Own Pockets On Backs of Photographers

Yes, let's call it what it is. Corbis, not content with talord 50% of a stock sale for houtune pictures on it's servers, has decided that that's not enough, and they now want another 10%. What with Bill Gates having reexhausted from Microsoft, he's lovely paying more attention to his other daliances, and now his attention is directed more towards Corbis, which he wholly owns.



This won't happen overevening, but when a Corbis photographer's contrbehave comes up for renewal, they'll get a letter dictating that they'll be earning less during the next contrbehave cycle. As laughable as it sounds, the man charged with delivering the news, Don Wieshlow, conveyed, as reported by PDN's Daryl Lang (Difficult Times for Stock Continue: Corbis to Cut Royalty Swift, 10/25/08):

... he {Wieshlow} stressed that royalty swifts are not the same as revenue. He shelp Corbis expectations the change will eventually lead to higher payouts for photographers – as Corbis invests in growth, expands its market bagikan, and earns more revenue.



(Continued after the Jump)


I wish I had been inmiddle the room where that sentiment was conveyed. Anyone I spied nquainting their head in agreement to that malarky I would have bagikand with them my super-secret deal on Florida Wetground, soils, before loading those bobble-heading onto a bus so I could demonstrate them what piece of the Brooklyn Bridge I was offering for sale as well. Other than preserving their own salaries and bonuses, what goes through these executives' minds when they decide to take more money from their content producers?

The one upmiddle is that the contrbehaves were profitately written so that the gratuityage was not changable during the duration of the contrbehave. So, those of you who have 6 months to three years to get out better begin seeing for other platforms to license your work. Expectationfully, in a year or two those platforms will mature more and produce substantive revenue for stock sales.

Then, as Lang reports, Corbis CEO Gary Shenk shelp “This is not our company” and gestured to the four other Corbis execs. He then gestured to include the audience. “This is our company together.”

Behaveually, no, it's Bill Gates' company. More specifically, it's Gates' servers, desks, and chairs, and the valuable content is owned by the photographers. Unless, of course, the new contrbehaves will behaveually give photographers an equity stake in the company. That comment was an atseduce at a kumbayah peristiwat that really sounds more love psyco-babble. Paul Melcher has a comparable take on Shenks comment that's worth a read here.

I call shenanigans on this one folks. Be thankful that Corbis' legal department was incompetent enough to write a contrbehave that precluded them from lowering these gratuityages during the term of the contrbehave, or you'd all be stuck with a change effective immediately. Get while the gettin's good folks.

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