Our dear friends at Getty are once again offering a take-it-or-get-out contract change to photographers. This time it's editorial. See the PDN report here (and thanks to sjlocke for posting on FB as I hadn't seen it yet).

It doesn't directly affect those of us selling via the micros, but following on from the April 2011 contract changes, again shoved down contributor's throats, it doesn't signal anything good for contributors, IMO. All this talk of more opportunity would be fine if it actually happened, but I'm not aware of any signs of Getty growing markets or volumes, just trying to get a larger slice of the pie for itself.

Here is a BJP article about the Spring changes. And some blog comments on it here. Here is an earlier MSG thread on this.

I think they lose money every time they lower royalties.  It takes away contributors incentive and sends some of them to their rivals.  Its a shame they have failed to learn this lesson.