Agency Based Discussion > VideoBlocks

Videoblocks (StoryBlocks) wants to buy some of my footage!

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Mograph:
Hello everyone!
I just recived this message from storyblocks:

¨I'm the Acquisition Manager for the VideoBlocks Member Library. I just came across your portfolio-- I really love your work!

We're interested in buying some footage from you on a non-exclusive license to expose more of our users to your content. For the Member Library, we typically buy in bulk for an up front cost. Since it is non-exclusive, you can of course continue selling that same content on other sites, however, we would move the selected files from your VideoBlocks Marketplace portfolio.

We can make the initial selection and then you can have the final approval, that way you can let us know if there are files you would prefer not to sell.

Let me know if you are interested. We can offer you $2,500 for 100 files.

Thanks,¨

I think the price is very low because I will lose the opportunity to sell them in videoblocks, but I want to know what do you think?!!
thank you in advance for your opinion

increasingdifficulty:
Well, I would take a look at what your current average is over there and calculate how much 100 files would bring in over 3 years or so.

If it's more than $2,500, don't put them in the membership section. If it's less, do put them there.

StockbyNumbers:
Thanks for sharing this Mograph. I've always been curious how Videoblocks goes about acquiring their footage.

Seems like a tricky sell at that price. I wonder what kind of effect selling it to them might have on the footage's sales on your other sites?

As a video editor I'll check each site for the same clips. Considering that they have anywhere between 130K and 300K subscribers, I bet many of them do as well.* So you might lose out on sales at the other sites.

The biggest thing I would be curious about is whether they have license to the clips in perpetuity or if the contract is time bound, (one year?). Maybe that is something you could suggest? If they have license forever, I would think $2,500 for 100 clips would be very, very low. I made roughly $6500 last year from 300 clips across 3 agencies. So over several years, 100 clips value should far exceed $2,500.

Seems like such an informal offer as well, maybe they're open to negotiating? Given that the downloads for their marketplace footage can run into the thousands, seems like they might be willing to offer more.

I guess the last thing to consider might be whether this could lead to a longer relationship. Getting $25 / clip guaranteed might be worth it if they eventually bought 2000 or more of your clips...

--

*An article from October about their founder mentions that they bring in $26 million in subscriptions, which would mean they have roughly 130,000 subscribers if they were all paying the $200 plan.

SuperPhoto:
I agree.

Chances are - they want to buy your clips that are selling - not the ones that aren't - you could ask them.

If they want to buy the ones they are - now you will have $0 income from videoblocks with those specific clips. Look at how well you did the previous year. If you made $2500 or more in the last year with those clips - don't sell - because it is too low. If you need the money now though - maybe you should.

So it depends.

SpaceStockFootage:
I had the same, but they took 50 clips. The key for me was you can choose which clips you don't want included. If they chose my 50 best clips, then on a good month, I'll be in the red for a few months and then I'll lose out. As I nominated my ten best selling clips not to be included... it'll be a couple of years before I'm losing out... so that made it a much better option.

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