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Author Topic: Pond5 taken over by SS  (Read 2943 times)

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Dio

« on: May 11, 2022, 06:19 »
+1
More exciting news. The future is definitely bright!

Message from the CEO:

"Over the past fifteen years, Pond5 has become a thriving community of millions of buyers and sellers interacting, transacting, and creating together.

We are so grateful that you have made this journey with us. Today, we are thrilled to announce a monumental next step: Pond5 has joined Shutterstock to form an unrivaled creative platform that offers full-service solutions, high-quality content, and applications for brands, businesses, and media companies.

Our combined reach is unprecedented in the media licensing industry. Together, Pond5 and Shutterstock will bring your work to tens of millions of creatives around the world for use in feature films, video games, advertising campaigns, and much, much more.

Additionally, Pond5 and Shutterstock partner with the biggest companies in the world - including Google, Meta, Apple, Adobe, Microsoft, and Bytedance - with a combined user base in the billions.

The future is very bright and your work is destined for greatness!

You do not need to do anything differently - your content remains on Pond5 and, if you also contribute to Shutterstock, your content will continue to be licensable there. You should continue to upload new content as you would typically across both platforms. Finally, your payouts from both marketplaces will continue on their usual schedule.

As you may be aware, Pond5 and Shutterstock have very similar, but not identical, Contributor Agreements. We have no immediate plans to amend our Contributor Agreement (or any of the terms of use of our marketplace), nor does Shutterstock."


« Reply #1 on: May 11, 2022, 06:37 »
+19
"The future is bright and your work is destined for greatness."

Like your footage taken with a 5000$ camera landing up in the hands of someone who got it on a subscription giving you 25 cents.

« Reply #2 on: May 11, 2022, 06:40 »
+2
More exciting news. The future is definitely bright!

Message from the CEO:

"Over the past fifteen years, Pond5 has become a thriving community of millions of buyers and sellers interacting, transacting, and creating together."

yeah, and they have done so AGAINST the competition represented by Shutterstock & others, so this clearly worked!

"Today, we are thrilled to announce a monumental next step: Pond5 has joined Shutterstock to form..."

so -- that makes one of us.

"The future is very bright and your work is destined for greatness!"

respectfully (or not) have to disagree. I enjoyed Pond5 as not quite-so darn Big-Tech, as a (former) ALTERNATIVE to Shutterstock and Adobe-garbage, and as a platform an open-source enthusiast can contribute to without vomiting.

Seems the vomiting will start very soon now.

On top, the fact that Pond5 was not quite so sickeningly "woke" as the rest of the bunch in the ultra-progressive loser-media scene or those infamous "other beauties" ;)) made it a little more fun to "be with them" than with any of those other outfits. These times seem to be coming to an end medium-term, and I'll be watching how things will really play out. I am aware there's no "immediate plans" of changing things, but it will happen eventually.

So staying on until it does...

This is definitely NOT a "great day" nor "bright future" though.

« Reply #3 on: May 11, 2022, 06:46 »
+5
"The future is bright and your work is destined for greatness."

Like your footage taken with a $5000 camera landing up in the hands of someone who got it on a subscription giving you 25 cents.

A quarter would be considered "good" on SS these days, often you see 10 on that outfit (or 26 for video -- seriously...)! Not that that merger means Pond5 will drop to pennies in the short to medium term, but still this whole business sucks.

Let us look at the bright side though: it makes even more sense now to sell independently, use alternative options and/or distribution channels for photo/video/audio content.

« Reply #4 on: May 11, 2022, 06:48 »
+6
Thanks, but no thanks. Goodbye then, pond5, after next payout.

« Reply #5 on: May 11, 2022, 06:59 »
+2
I wonder how Pond5 exclusive accounts will be affected by this?

« Reply #6 on: May 11, 2022, 07:02 »
+8
So this is it. 24.000 clips will be deleted and I'll stop with this crap. Moving on to next opportunities.

« Reply #7 on: May 11, 2022, 07:23 »
+7
Great.
Looking forward to losing all control over my pricing and having my best videos sell for $0.25 where they'll be used in total abuse of the licence conditions with no scrutiny.

« Reply #8 on: May 11, 2022, 07:24 »
0
shutterstock has aquired a few rival and non rival companies in the past, does anyone know what happened to the payout structure at turbosquid and other places since the aquistion? can people still set their own prices, etc? do they still get them same royalty rate.

csm

« Reply #9 on: May 11, 2022, 07:58 »
+6
Well I have to say I didn't see this coming.

Why would you continue to submit to both still?

Don't think I have ever read any good news that was beneficial to the contributor and lead to increased earnings for the artist.

Please somebody give me an example of a time when the artist did benefit from some sort of good news?

« Reply #10 on: May 11, 2022, 08:13 »
+4
Please somebody give me an example of a time when the artist did benefit from some sort of good news?

When iStock went from $.05 to $.10 payout in 2005?

angelawaye

  • Eat, Sleep, Keyword. Repeat

« Reply #11 on: May 11, 2022, 08:54 »
+2
I wonder how Pond5 exclusive accounts will be affected by this?
Does anyone know how exclusive contributors are affected? When Shutterstock gave pennies for videos I went exclusive with Pond5.

« Reply #12 on: May 11, 2022, 09:05 »
+15
Dear Pond5 Artist,

We have been acquired by SS. What dose this mean for you? We are offering a discount on lube which we feel will greatly benefit you. Over the years SS has learned how to rob steal and destroy the creative artist. Don't let this upset you because we promise to help them achieve this goal as fast as possible in order to reduce your pain. Please look forward to your new gather creative hud at the soup kitchen. Food is free and you will just love your new sense of community! PS. We took the money and ran!

« Reply #13 on: May 11, 2022, 09:07 »
+3
I wonder how Pond5 exclusive accounts will be affected by this?
Does anyone know how exclusive contributors are affected? When Shutterstock gave pennies for videos I went exclusive with Pond5.

Me too. Over 8.000 clips on Exclusive.

« Reply #14 on: May 11, 2022, 10:02 »
+4
"The future is bright and your work is destined for greatness." Tom CEO P5

No, it's not Tom. Utopian words are for movies and we are the ones who make them.
It would be much more realistic if you said "Sorry guys but the Godfather Oringer made an offer I couldn't refuse"  ;)
« Last Edit: May 11, 2022, 10:06 by Evaristo tenscadisto »

« Reply #15 on: May 11, 2022, 10:04 »
+6
Being exclusive with anyone is never a good idea.

« Reply #16 on: May 11, 2022, 10:23 »
+3
I wonder how Pond5 exclusive accounts will be affected by this?
Does anyone know how exclusive contributors are affected? When Shutterstock gave pennies for videos I went exclusive with Pond5.

The whole industry gives pennies, why would you go exclusive with any one agency. That's sort of like stepping over dollars to pick up pennies. I have been making a living full time from stock since pre-micro and I can't think of one agency worthy of being exclusive with today. There is no integrity left in this industry at all. We produce a commodity that is over saturated and has no real intrinsic value. It's a sad truth, but we all need to get over ourselves and accept this fact.
« Last Edit: May 11, 2022, 10:26 by CantFixStupid »

« Reply #17 on: May 11, 2022, 11:20 »
+4
Me looking at sub $0.10 sales: F*** this industry

Shutterstock: OK!

« Reply #18 on: May 11, 2022, 11:23 »
+6
"The future is bright and your work is destined for greatness." Tom CEO P5

No, it's not Tom. Utopian words are for movies and we are the ones who make them.
It would be much more realistic if you said "Sorry guys but the Godfather Oringer made an offer I couldn't refuse"  ;)

You aren't reading what he wrote correctly.

The future is bright = HIS future is bright.
Your work is destined for greatness = no mention that you will actually be compensated for that work.

« Reply #19 on: May 11, 2022, 12:03 »
+1
"The future is bright and your work is destined for greatness." Tom CEO P5

No, it's not Tom. Utopian words are for movies and we are the ones who make them.
It would be much more realistic if you said "Sorry guys but the Godfather Oringer made an offer I couldn't refuse"  ;)

You aren't reading what he wrote correctly.

The future is bright = HIS future is bright.
Your work is destined for greatness = no mention that you will actually be compensated for that work.

You're right, I agree with you!  ;)

« Reply #20 on: May 11, 2022, 13:10 »
+2
It's always been easier to get videos accepted on pond5 compared to ss I hope it stays that way.

« Reply #21 on: May 11, 2022, 13:41 »
+5
It's always been easier to get videos accepted on pond5 compared to ss I hope it stays that way.

Funny to see some things are more important than others to people.

Pond5  has become a thriving community because its based in principles where artists Set their Price, fair share of 50% in first years and 60$ for exclusive in last years, good support team where Human interaction prevails to solve everyday problems instead of bots. 
Staff there actually listen to our concerns because P5 was built with and for the community of artists.

You will be able to set your price? fair share of 60% for exclusive? Good support Team?
compared to ss I hope it stays that way...

it won't!  ::)

« Reply #22 on: May 11, 2022, 13:46 »
0

You will be able to set your price? fair share of 60% for exclusive? Good support Team?
compared to ss I hope it stays that way...

it won't!  ::)

It won't! Question remains if they change the whole in one soon to come "exciting update to our user agreement" or they do it by Salami method. Ithink Shitterstockis more the "exciting news" type.

« Reply #23 on: May 11, 2022, 14:42 »
+7
I just deleted all my images and clips on Pond 5 and emailed support telling them to close my contributor account immediately.  I do not want any of my content showing up in any Shutterstock-related enterprise!

Adios, Pond 5.  Hope you enjoy the deal you've made with the Devil!

Tyson Anderson

  • www.openrangestudios.com
« Reply #24 on: May 11, 2022, 14:54 »
+2
I wonder how Pond5 exclusive accounts will be affected by this?

That is what I'm wondering too!

« Reply #25 on: May 11, 2022, 15:28 »
+3
Oringer Stabbed once tens of thousands of contributors a couple of years ago. It seems he got a crush for this type of abusive behavior. Let's see how long it takes until he pulls out the knife again.

« Reply #26 on: May 11, 2022, 16:21 »
+13
It's not light bed-time reading, but Shutterstock has posted the 8-K they filed with the SEC about the Pond5 deal

https://investor.shutterstock.com/static-files/0a77d5e0-fe22-467c-af6b-d95d76cfd71a

Couple of things I noted on a quick skim (it's 268 pages and life's too short to read it all):

-The deal is done, not announced and to be completed.

-Shutterstock apparently has a subsidiary for accomplishing mergers. Love the name: "...Piranha Merger Sub, Inc., a wholly owned subsidiary of the Company..."

-Shutterstock is opening a $100 million unsecured revolving loan with Bank of America (answers a question I posed in the new CEO thread about where the cash was coming from given what they reported at the end of Q1. On the effective date of the agreement (May 6), Shutterstock borrowed $50 million "...for use in connection with the acquisition..."

-They identify Top Contributors at Pond5 as the 20 top earners by dollar volume for 2020 & 2021 and agree that Shutterstock has not "...received any notice, written (including email) or oral, that any of the Top
Contributors intend to terminate or materially reduce its business with the Company or any of its Subsidiaries. None of the Company or any of its Subsidiaries is
currently engaged in a material dispute with any such Top Contributor and no such material dispute is threatened by any such Top Contributor. None of the
Company or its Subsidiaries is currently engaged in any renegotiation with any Top Contributor related to such Top Contributors relationship or Contract with the
Company or its Subsidiaries. No Top Contributor has requested a price increase or change in the structure or amount of royalty payments from the Company or its
Subsidiaries, other than a de minimis price increase or change in structure or amount of royalty payments."


-The new CEO's salary is $700,000 with a potential bonus of another $700K. There's also a couple of stock awards, subject to board approval; both $15 million; one vests over 3 years. The board will set the performance targets & details for the awards by December 31, 2022.

« Reply #27 on: May 11, 2022, 22:46 »
+3
Jo ann with the real news like always

Seems like the CEO got a payday he just could not refuse. Guess it's only Adobe who now get videos, atleast till they reveal their amazing subscription plans

« Reply #28 on: May 11, 2022, 22:55 »
+2
-They identify Top Contributors at Pond5 as the 20 top earners by dollar volume for 2020 & 2021 and agree that Shutterstock has not "...received any notice, written (including email) or oral, that any of the Top
Contributors intend to terminate or materially reduce its business with the Company or any of its Subsidiaries.

Be interesting to know details of who the Top 20 contributors might be.


« Reply #29 on: May 12, 2022, 02:51 »
0
-They identify Top Contributors at Pond5 as the 20 top earners by dollar volume for 2020 & 2021 and agree that Shutterstock has not "...received any notice, written (including email) or oral, that any of the Top
Contributors intend to terminate or materially reduce its business with the Company or any of its Subsidiaries.

Be interesting to know details of who the Top 20 contributors might be.

Will be interesting to see what they do now that the news is out.

It also shows how much SS needs the good quality content they drove away with their royalty changes.

« Reply #30 on: May 12, 2022, 09:21 »
+1
-They identify Top Contributors at Pond5 as the 20 top earners by dollar volume for 2020 & 2021 and agree that Shutterstock has not "...received any notice, written (including email) or oral, that any of the Top
Contributors intend to terminate or materially reduce its business with the Company or any of its Subsidiaries.

Be interesting to know details of who the Top 20 contributors might be.

Will be interesting to see what they do now that the news is out.

It also shows how much SS needs the good quality content they drove away with their royalty changes.

Without seeing details of the Top 20 I would guess that agencies/aggregators make up the bulk if not all of the list.  Reuters alone has 1m+ videos on P5.  I'd be surprised if there are any individual contributors on the list.

wds

« Reply #31 on: May 12, 2022, 10:34 »
+2
-They identify Top Contributors at Pond5 as the 20 top earners by dollar volume for 2020 & 2021 and agree that Shutterstock has not "...received any notice, written (including email) or oral, that any of the Top
Contributors intend to terminate or materially reduce its business with the Company or any of its Subsidiaries.

Be interesting to know details of who the Top 20 contributors might be.

Will be interesting to see what they do now that the news is out.
It also shows how much SS needs the good quality content they drove away with their royalty changes.


The "top 20 contributors" are presumably not bound to stay. If they don't like what they see, they could leave at any time.

« Last Edit: May 12, 2022, 10:37 by wds »

« Reply #32 on: May 12, 2022, 14:18 »
+3
Well these must be contributors who are currently not uploading to Shutterstock. It is probably because of their content that Shutterstock bought pond5.

Will they accept having their content transferred to a place they have not been working with?

I mean, Shutterstock probably already made them offers to upload directly.

Anyway, the situation of top level ports does not affect us small timers. The large production houses can negotiate any kind of deal they want.

But now there is less competition in the market. Only Adobe is left. Luckily they are too big to be bought.

« Reply #33 on: May 12, 2022, 14:26 »
+1
The "top 20 contributors" are presumably not bound to stay. If they don't like what they see, they could leave at any time.


Leave to where? getty? Adobe Stock is not so much video, whereas Pond 5 (still)is mainly video.

SVH

« Reply #34 on: May 12, 2022, 15:30 »
0
Only Adobe is left. Luckily they are too big to be bought.
I cannot see why Adobe, if their stockselling division isn't as profitable as the other divsions, wouldn't sell that division in some time to a third party. So don't get your hopes up.

« Reply #35 on: May 12, 2022, 15:45 »
+2
"Paul Hennessy drove vroom to the ground and now he gets a promotion with shutterstock???"

Comments at Stock investment site.

Used cars salesman for selling creative assets and grow a strong relation with the creative community. Good luck with that.

By the way Vroom reached 75$ last year. It closed today at 1.42$. So people that are at SS can be confident he will know how to pump up the company and squeeze every last drop of it.


I am sorry for P5 contributor as the vibe was really much different than at slavery sweat shop SS. Unfortunately it will not be long until this Mr Hennessy will star with the we lower your royalty, but you will make it up in volume once those video files get transferred to SS.

« Reply #36 on: May 12, 2022, 16:14 »
+5
Emeric Le Bars, who was interviewed by Alex on the BHGSP Blog last year, just announced on the Stock Coalition Facebook page he will be having a video interview with Pond5's CEO which will be recorded and posted on YouTube. Emeric is a time-lapse photographer with content on Pond5 and says he is very concerned about this acquisition.  Thought I would just share this for info.
« Last Edit: May 12, 2022, 16:22 by Pacesetter »

wds

« Reply #37 on: May 12, 2022, 16:40 »
+1
"Paul Hennessy drove vroom to the ground and now he gets a promotion with shutterstock???"

Comments at Stock investment site.

Used cars salesman for selling creative assets and grow a strong relation with the creative community. Good luck with that.

By the way Vroom reached 75$ last year. It closed today at 1.42$. So people that are at SS can be confident he will know how to pump up the company and squeeze every last drop of it.


I am sorry for P5 contributor as the vibe was really much different than at slavery sweat shop SS. Unfortunately it will not be long until this Mr Hennessy will star with the we lower your royalty, but you will make it up in volume once those video files get transferred to SS.

Maybe SS will fail which may be a good thing long term.

« Reply #38 on: May 12, 2022, 22:37 »
+6
Quote
I cannot see why Adobe, if their stockselling division isn't as profitable as the other divsions, wouldn't sell that division in some time to a third party. So don't get your hopes up.

Adobe Stock is tightly integrated with products like PhotoShop, After Effects, and Premiere Pro.  They would be insane to sell off its stock assets to a third party, as that integration, presumably, helps to keep CC subs going, and there is no guarantee a third party would maintain that tight integration over time. 

Not to mention the fact that Adobe doesn't make its bank solely (or even primarily) from stock content sales, but from its deep and venerable bench of content creation apps.

If Adobe Stock ever gets sold or folds, then you'll know for sure that Adobe, the company, is in a world of hurt.

IMHO.

« Reply #39 on: May 13, 2022, 00:56 »
0
Quote
I cannot see why Adobe, if their stockselling division isn't as profitable as the other divsions, wouldn't sell that division in some time to a third party. So don't get your hopes up.

Adobe Stock is tightly integrated with products like PhotoShop, After Effects, and Premiere Pro.  They would be insane to sell off its stock assets to a third party, as that integration, presumably, helps to keep CC subs going, and there is no guarantee a third party would maintain that tight integration over time. 

Not to mention the fact that Adobe doesn't make its bank solely (or even primarily) from stock content sales, but from its deep and venerable bench of content creation apps.

If Adobe Stock ever gets sold or folds, then you'll know for sure that Adobe, the company, is in a world of hurt.

IMHO.

Rather than thinking Adobe being bought out, I suggest we turn the tables and Adobe buy out the lot! ;D

« Reply #40 on: May 13, 2022, 02:01 »
0
Rather than thinking Adobe being bought out, I suggest we turn the tables and Adobe buy out the lot! ;D

Why should they? They have a strong curated portfolio of quality images, I dare say enough to satisfy the market as is. They are not yet so much into video, but that could come. Why should they bother to obtain some agecies that have tons of full in extreme focus and noise free garbage with misleading keywords? 

« Reply #41 on: May 13, 2022, 08:58 »
+4
The difference between Adobe and Shutterstock, as companies,  is analogous to the difference between a 5-star fine dining restaurant and a hot dog cart.  Adobe's stock content is a single menu item in a menu full of outstanding offerings meant for all kinds of content creators.  It is the stuffed mushroom appetizer you get when you're going to order the prime rib and grilled asparagus entree (all of Adobe's other apps).

Shutterstock, and all its little affiliates and "partners", is a hot dog cart and you get one thing: mystery meat hot dogs with stale buns.  It's a horrible dining experience but will fill you up if you can stand the bad taste and crappy offerings.

« Reply #42 on: May 13, 2022, 09:05 »
0
Well these must be contributors who are currently not uploading to Shutterstock. It is probably because of their content that Shutterstock bought pond5.

Will they accept having their content transferred to a place they have not been working with?
...

no reason at all to assume that - most people upload to multiple sites and only a tiny proportion of all artists left SS. and right now nothing is being 'transferred'

« Reply #43 on: May 13, 2022, 09:39 »
+1
Well these must be contributors who are currently not uploading to Shutterstock. It is probably because of their content that Shutterstock bought pond5.

Will they accept having their content transferred to a place they have not been working with?
...

no reason at all to assume that - most people upload to multiple sites and only a tiny proportion of all artists left SS. and right now nothing is being 'transferred'

That doesn't mean SS can't reduce royalties on the P5 platform and still net a few bucks to pennies for contributors royalties, shoring up their OPINC.

« Reply #44 on: May 15, 2022, 17:20 »
+2
So I will earn few cents... OK. Time to leave pond5. There is no reason to sell my work anymore.


 

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