MicrostockGroup Sponsors


Author Topic: Interesting figures on Getty and Shutterstock  (Read 12579 times)

0 Members and 1 Guest are viewing this topic.



« Reply #1 on: May 01, 2012, 12:29 »
0
http://www.reuters.com/article/2012/05/01/us-shutterstock-ipo-idUSBRE8400PC20120501

Here's the Reuter's report on the possible SS IPO - but why now? Jon wants to get his money out - but then I can't see how contributors will continue to be treated well at SS. Shareholders will press for more profits and contributors will be squeezed. It won't be in Jon's hands any more and...

I do hope this isn't true

Ed

« Reply #2 on: May 01, 2012, 12:35 »
0
Quote
The company owns a library of photographs and illustrations that customers can license...

Ahem....

 ::)

lagereek

« Reply #3 on: May 01, 2012, 12:35 »
0
No, this is not good news, not for us contributors anyway. The noose is tightening around photographers, thats for sure. Maybe its time to look for other avenues, before the blast.

« Reply #4 on: May 01, 2012, 12:45 »
0
Not at all surprised.

« Reply #5 on: May 01, 2012, 13:04 »
0
Like I said a while back, something was bound to happen. All of this "SS is wonderful and Jon is a beautiful person so lets support them" stuff is ridiculous. It's a business and every decision is made based on improving financials. Money is #1, people are expendable.

I think I'm done being Microdamus. You're all business people and can make your own intelligent and informed decisions.

« Reply #6 on: May 01, 2012, 13:10 »
0
Shareholders will press for more profits and contributors will be squeezed. It won't be in Jon's hands any more and...

These sorts of things are aways fascinating but isn't it more complicated than that. Doesn't it depend what the initial price is set at and what the stock ends up trading at relative to earnings. And don't stockholders typically become troublesome only when the P:E ratio is all out of kilter and they know that the stock is trading too high ... not meeting expectations.

Also - you don't know how much of the stock they might make available. They may not give up much. And it is a relatively small company anyhow. You can't pre judge these things.

I wonder what they want to use the investment for. Expansion maybe.

Not at all surprised.

Do you mean in a now or possibly never kind of a way? Or do you mean .... In the current climate ? Or both ?

« Reply #7 on: May 01, 2012, 13:15 »
0
This is scary news, although not unexpected. Especially for me as an istock photo artist. If SS has fresh money and a dedicated leadership...what will getty do?

Especially if they plan to enter the news and editorial market?

I hope istock/getty come up with some fresh new ideas :(

« Reply #8 on: May 01, 2012, 13:18 »
0
Shareholders will press for more profits and contributors will be squeezed. It won't be in Jon's hands any more and...

These sorts of things are aways fascinating but isn't it more complicated than that. Doesn't it depend what the initial price is set at and what the stock ends up trading at relative to earnings. And don't stockholders typically become troublesome only when the P:E ratio is all out of kilter and they know that the stock is trading too high ... not meeting expectations.

Also - you don't know how much of the stock they might make available. They may not give up much. And it is a relatively small company anyhow. You can't pre judge these things.

I wonder what they want to use the investment for. Expansion maybe.

Not at all surprised.

Do you mean in a now or possibly never kind of a way? Or do you mean .... In the current climate ? Or both ?
I mean they have been making changes within the company and to the site. It looked to me like they were gearing up for something.

« Reply #9 on: May 01, 2012, 13:25 »
0
Here's the Reuter's report on the possible SS IPO - but why now? Jon wants to get his money out - but then I can't see how contributors will continue to be treated well at SS. Shareholders will press for more profits and contributors will be squeezed. It won't be in Jon's hands any more and...

I do hope this isn't true

As far as I can tell squeezing contributors doesn't seem to have worked terribly well for either Istock or Fotolia.

At least with an IPO you can become a shareholder ...

NB: That's much better than the money going to hedge funds.

« Reply #10 on: May 01, 2012, 13:25 »
0
This is how the investment firms who have financed their growth get the largest return - I'm sure there is pressure.

WarrenPrice

« Reply #11 on: May 01, 2012, 13:35 »
0
Here's the Reuter's report on the possible SS IPO - but why now? Jon wants to get his money out - but then I can't see how contributors will continue to be treated well at SS. Shareholders will press for more profits and contributors will be squeezed. It won't be in Jon's hands any more and...

I do hope this isn't true

As far as I can tell squeezing contributors doesn't seem to have worked terribly well for either Istock or Fotolia.

At least with an IPO you can become a shareholder ...

NB: That's much better than the money going to hedge funds.

So can Getty ... with a lot more shares than I can afford.   :o :-\

« Reply #12 on: May 01, 2012, 14:05 »
0
An IPO could be a 49% sale with the current management staying in control (Gates remained the dominant voice at MS long after it went public) it is different from a takeover. Even if the majority of the company is sold, spreading the shares widely would prevent a single H+F-type owner from dictating terms to the Board.

I'm not sure the additions to the board are entirely encouraging but this is big business now.

« Reply #13 on: May 01, 2012, 14:06 »
0
Well, I guess this shows they're all *insult removed*.

eta: oops, sorry ;)
« Last Edit: May 01, 2012, 16:16 by sjlocke »

« Reply #14 on: May 01, 2012, 14:22 »
0
An IPO could be a 49% sale with the current management staying in control (Gates remained the dominant voice at MS long after it went public) it is different from a takeover. Even if the majority of the company is sold, spreading the shares widely would prevent a single H+F-type owner from dictating terms to the Board.

I'm not sure the additions to the board are entirely encouraging but this is big business now.

I don't think you can try and retain 51% and expect an IPO to be taken seriously. The big players such as the pension funds won't stand for that. You have to give up significant control of your business and dance to the shareholders' tune. It doesn't always suit a true entrepeneur which is why Branson bought back all the shares to his business a few months after it floated.

« Reply #15 on: May 01, 2012, 16:26 »
0
An IPO could be a 49% sale with the current management staying in control (Gates remained the dominant voice at MS long after it went public) it is different from a takeover. Even if the majority of the company is sold, spreading the shares widely would prevent a single H+F-type owner from dictating terms to the Board.

I'm not sure the additions to the board are entirely encouraging but this is big business now.

I don't think you can try and retain 51% and expect an IPO to be taken seriously. The big players such as the pension funds won't stand for that. You have to give up significant control of your business and dance to the shareholders' tune. It doesn't always suit a true entrepeneur which is why Branson bought back all the shares to his business a few months after it floated.
Maybe not. Sadly I've never been in the position to find out for myself. Even so, if you give up 75% to several hundred major investors, you only have to have a small proportion of them on your side to retain effective control.

ShadySue

  • There is a crack in everything
« Reply #16 on: May 01, 2012, 17:02 »
0
This is scary news, although not unexpected. Especially for me as an istock photo artist. If SS has fresh money and a dedicated leadership...what will getty do?

Especially if they plan to enter the news and editorial market?

I hope istock/getty come up with some fresh new ideas :(
SS sell editorial content, and from reports here tend to prefer news to secondary editorial, bizarre as that might seem to an outsider.


lisafx

« Reply #17 on: May 01, 2012, 17:05 »
0
Anyone planning to buy shares?

« Reply #18 on: May 01, 2012, 17:13 »
0
... All of this "SS is wonderful and Jon is a beautiful person so lets support them" stuff is ridiculous. ...
No idea why you think it's ridiculous but Jon founded SS and always has been "more" than normally involved on the IT side if not setting the whole thing up himself from the get-go (also being responsible for running a pretty stable agency compared to others...). He is not the only human being who can do that, true, but I don't get why this is supposed to be ridiculous.

SS is the bread and butter of 99% of microstockers (except exclusives of other agencies), so SS still deserves some kudos IMO.

As other agencies experienced in the past, SS is also running into technical issues but in no way is it affecting our sales compared to the competition who f*cked up numerous times before and we all complained and most of us kept dealing with it.
« Last Edit: May 01, 2012, 17:20 by click_click »

« Reply #19 on: May 01, 2012, 17:18 »
0
Well, I guess this shows they're all *insult removed*.
eta: oops, sorry ;)
I think we all would be *insult removed*, in a situation like this.

Imagine starting a company from nothing that grows into something like SS, I'm sure after 10+ years of dealing with business operations on a daily basis you get burnt out.

I wouldn't blame Jon for selling the whole thing and be done with it - surely I wouldn't be happy about it at all but this show can't go on forever.

I can imagine he has some other projects on the bucket list, so now he has the dough to ride it out. Good for him.

I can only hope that SS maintains more control over their business than IS did when they sold out and you know about how that went...

grp_photo

« Reply #20 on: May 01, 2012, 17:19 »
0
All of this "SS is wonderful and Jon is a beautiful person so lets support them" stuff is ridiculous. It's a business and every decision is made based on improving financials. Money is #1, people are expendable.

+1

« Reply #21 on: May 01, 2012, 17:54 »
+3
... All of this "SS is wonderful and Jon is a beautiful person so lets support them" stuff is ridiculous. ...
No idea why you think it's ridiculous but Jon founded SS and always has been "more" than normally involved on the IT side if not setting the whole thing up himself from the get-go (also being responsible for running a pretty stable agency compared to others...). He is not the only human being who can do that, true, but I don't get why this is supposed to be ridiculous.

SS is the bread and butter of 99% of microstockers (except exclusives of other agencies), so SS still deserves some kudos IMO.

As other agencies experienced in the past, SS is also running into technical issues but in no way is it affecting our sales compared to the competition who f*cked up numerous times before and we all complained and most of us kept dealing with it.

The point is... that when everybody felt screwed by the big Istock changes the response was "let's destroy IS and support Fotolia!".  A week later when everybody got screwed by Fotolia it was "let's support 123RF, they've never screwed us".  Then 123RF screwed everybody. Then it was "Let's support Shutterstock. They would never screw us. Jon is the most amazing wonderfulest person". And now it looks like Jon might be lining his pockets with an IPO and possibly putting the contributors in a position to be screwed. Not sure if anyone is paying attention, but there's a pattern here.

« Reply #22 on: May 01, 2012, 18:02 »
0
... Not sure if anyone is paying attention, but there's a pattern here.
The pattern is that (usually) companies want to increase profits. There is nothing wrong with that in general.

Some companies can do that without screwing their suppliers but most of them also cut the suppliers' commission, which hurts us.

Sure there is a very high possibility that launching SS's stocks could put the current SS management under a lot of pressure (see IS).

However, we're not at that point yet and let's have a little hope that not everything fails on us. It's hard to maintain a positive attitude but SS has done a lot more than any other agency so let's see what the future brings.

« Reply #23 on: May 01, 2012, 18:10 »
0
The point is... that when everybody felt screwed by the big Istock changes the response was "let's destroy IS and support Fotolia!".  A week later when everybody got screwed by Fotolia it was "let's support 123RF, they've never screwed us".  Then 123RF screwed everybody. Then it was "Let's support Shutterstock. They would never screw us. Jon is the most amazing wonderfulest person". And now it looks like Jon might be lining his pockets with an IPO and possibly putting the contributors in a position to be screwed. Not sure if anyone is paying attention, but there's a pattern here.

Revisionist history.  Fotolia screwed us long before iStock did, and I don't recall much of anybody seeing them as a savior when iStock slashed our royalties.  The magnitude of the first screwing wasn't as extreme as at iStock, but it happened.  And then it happened again.  It was about the third time Fotolia adjusted rates downward and level requirements upward that many of us finally had enough.  I've been removing content from iStock and Fotolia ever since.  

As for 123RF, they haven't screwed anybody, at least not yet.  My earnings there are way up, putting them #2 for past year.  Their planned royalty adjustment, which won't take effect for another eight months, will likely cost me some revenue, but nothing like what I've seen with iStock or Fotolia or Dreamstime.  I'll reevaluate when I see where the changes put me.

« Reply #24 on: May 01, 2012, 18:40 »
0
Anyone planning to buy shares?

That all depends on the price...


 

Related Topics

  Subject / Started by Replies Last post
6 Replies
3259 Views
Last post October 17, 2009, 09:15
by sharpshot
53 Replies
11723 Views
Last post January 04, 2011, 17:33
by cathyslife
7 Replies
4689 Views
Last post June 07, 2012, 17:13
by Karimala
1 Replies
1066 Views
Last post September 29, 2013, 15:37
by Ron
15 Replies
2716 Views
Last post May 12, 2015, 15:11
by Hobostocker

Sponsors

Microstock Poll Results

Sponsors