We've just introduced a new program designed to reward our Providers for their effort in building up the stock footage inventory of their Provider Sites and for license sales. We call it the Moon Island Media Performance Points Program. Basically, by earning Performance Points an active Provider Site subscriber (a Provider) can lower the "Base Transaction Fee" that Moon Island Media retains from each license sale via a Provider Site. The details of the Performance Points program can be reviewed in the Provider's Handbook, but here's a quick summary:
Each Moon Island Media Provider Site has a base transaction fee which is specified in the Provider’s Agreement. The Base Transaction Fee is the percentage that Moon Island Media retains from each license purchase made via a Provider Site. For example, if a stock footage license purchase via your Provider Site were $100 with a Base Transaction Fee of 60%, Moon Island Media would retain $60.00 (60%) and pay you $40.00 (40%) for that license purchase. However, for each accounting period the Base Transaction Fee may be reduced according to earned Performance Points as follows:
a. 10 Performance Points are awarded to you for each new clip that is added to your Clip Inventory in an accounting period.
b. 10 Performance Points are deducted for each clip in your Clip Inventory that is deactivated or removed in an accounting period.
c. 10 Performance Points are awarded to you for each $100 in license purchases in an accounting period.
Each one hundred (100) Performance Points lowers your base transaction fee by 1% (one percent) up to 1000 (one thousand) points in an accounting period. Performance Points that are not applied to your Base Transaction Fee for an accounting period (such as having more than 1000 Performance Points in an accounting period
)will be carried over to the next accounting period for as long as your Provider Site is active.
We sincerely hope each and every Moon Island Media Provider achieves the full Performance Points maximum each and every accounting period.
~ Pat Cook