Author Topic: A new SS anouncement. Not sure what it realy means (Read 2751 times)

TonyD · « **on:** June 22, 2023, 23:09 »

Dear Shutterstock Contributor,

As the creative landscape evolves to include new uses for creative assets, Shutterstock wants artists to have the opportunity to take advantage of all the ways they can earn compensation for their work. Shutterstock is working to better support artists through ethically-sourcing our content, increasing transparency about its use, and financially compensating our contributors. We’re excited to announce we’ll now be accepting more assets into our library, following a change to how we process submissions.

What’s changing

Starting next week, Shutterstock will be introducing Data Licensing, a new opportunity that will include content that would otherwise not meet the criteria for our traditional stock marketplace. These assets will be found under your portfolio within a new section called Data catalog and will be available for licensing as datasets. Earnings on assets within this library will be paid via the Shutterstock Contributor Fund – learn more about it here.

Roscoe · « **Reply #1 on:** June 23, 2023, 00:07 »

Well, Shutterstock changed it's review policy. Everything flies nowadays.
But are all those accepted files really accepted for their stock database, or are they just content-hungry for AI training datasets?

I think their announcement is the answer to that question.

elliottcowand · « **Reply #2 on:** June 23, 2023, 00:09 »

And will the payout for this more relaxed review policy remain the same or less?

Roscoe · « **Reply #3 on:** June 23, 2023, 00:43 »

The way I understood it, the content that's only part of the Data Catalog will be compensated via the already existing contributor fund. Content accepted for the regular stock database will be compensated via the regular and also already existing commissions.

Contributors should be able to filter out the assets which are only accepted for the data catalog soon.

Needlessly to say that contributor fund compensations are neglectable for individual images.

Lev · « **Reply #4 on:** June 23, 2023, 02:49 »

It's a major business model shift.

Visual content providers will be transformed to dataset content providers. Advantage is clear - you should only pay once to dataset content providers for training your AI and you're also paying them much less. And once you trained your AI, you can move dataset to archive. No need to keep them online and pay for cloud. Another win.

If Shutterstock manages to stay ahead of competition it's probably a time to get long SSTK stock. Their "paying to content providers" expense article will dramatically decrease very soon and it should positively affect earnings.

For most of people earning their income contributing the old way, it's probably a message their can kiss their businesses goodbye.

trek · « **Reply #5 on:** June 23, 2023, 05:43 »

I would like to know what percentage of data set income that will be paid to data set contributors. They seem to be leaving that detail out.

Jaggy · « **Reply #6 on:** June 23, 2023, 05:56 »

As I understand it, rejected content will now be retained for inclusion in the datasets, presumably to help train AI as they have already done for other content.

Begs the question as to whether they will now start 'rejecting' most content (a bit like Adobe are) but retaining it for their 'datasets'.

My other thought is that we - and probably Shutterstock - don't really know how ready the market is for AI generated content. That remains to be seen.

Jaggy · « **Reply #7 on:** June 23, 2023, 05:59 »

Quote from: Roscoe on June 23, 2023, 00:43

The way I understood it, the content that's only part of the Data Catalog will be compensated via the already existing contributor fund. Content accepted for the regular stock database will be compensated via the regular and also already existing commissions.

Contributors should be able to filter out the assets which are only accepted for the data catalog soon.

Needlessly to say that contributor fund compensations are neglectable for individual images.

I just had a look and, right now, it looks like everything is still going into the regular stock catalog. I don't see any option to view a 'data catalog'.

Lev · « **Reply #8 on:** June 23, 2023, 06:25 »

Quote from: Jaggy on June 23, 2023, 05:59

I just had a look and, right now, it looks like everything is still going into the regular stock catalog. I don't see any option to view a 'data catalog'.

"Starting next week, Shutterstock will be introducing Data Licensing"

Jaggy · « **Reply #9 on:** June 23, 2023, 06:36 »

Quote from: Lev on June 23, 2023, 06:25

Quote from: Jaggy on June 23, 2023, 05:59
I just had a look and, right now, it looks like everything is still going into the regular stock catalog. I don't see any option to view a 'data catalog'.

"Starting next week, Shutterstock will be introducing Data Licensing"

Missed that bit.

I shall be interested to see what proportion of submitted content goes into the regular catalog and what goes into the data sets.

cobalt · « **Reply #10 on:** June 23, 2023, 06:46 »

Hm, this looks like contributors will have two ports, one for regular sales on the plattform and a second one that will only be used for dataset training? But will the files not show up in your port?

stocker2011 · « **Reply #11 on:** June 23, 2023, 09:35 »

No doubt another bright idea from someone at the weekly meeting at Shutterstock's HQ titled 'How can we please our shareholders, train our AI (which were betting on) and screw our contributors all at the same time?'

HalfFull · « **Reply #12 on:** June 23, 2023, 10:33 »

It also sounds like a lot of people are opting out. Otherwise, there'd be no need to use declined, sub standard images that won't be joining the rest of the images in the contributors port.

BalkanskiMacak · « **Reply #13 on:** June 23, 2023, 11:23 »

Optimistic scenario:

They indeed don't change anything to their review process, and only the huge amount of legitimate rejections get added to this "data set", which will satisfy people who are trying to upload blurry duck in pond pictures taken with a Nokia 3310 (there are plenty of such people in Facebook groups).

Pessimistic scenario:

We are starting to see a lot of automated BS rejections.

In any case, I guess I'll paused the uploads on SS for two weeks, just to see how things are going, what's happening to others with rejections, and if imsStudio makes some changes (as I'm using this solution to upload). If I see that a lot of automatic rejections start to occur, I'll preventively generalize the use of case number to all the Commercial pictures I'm submitting, to make sure that they will have some manual review.

Mimi the Cat · « **Reply #14 on:** June 24, 2023, 03:08 »

Quote from: Lev on June 23, 2023, 06:25

Quote from: Jaggy on June 23, 2023, 05:59
I just had a look and, right now, it looks like everything is still going into the regular stock catalog. I don't see any option to view a 'data catalog'.

"Starting next week, Shutterstock will be introducing Data Licensing"

Starting next week shitterstock will be shafting their contributors even more

Injustice for all · « **Reply #15 on:** June 24, 2023, 12:34 »

IMO they are taking it from the right side,and this also explains why they now approve everything,because in reality the approved content does not necessarily end up in the marketplace.
I think that with the data catalog i can at least have a clearer idea of what is used for this purpose.

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Author Topic: A new SS anouncement. Not sure what it realy means (Read 2751 times)

TonyD

Roscoe

elliottcowand

Roscoe

Lev

trek

Jaggy

Jaggy

Lev

Jaggy

cobalt

stocker2011

HalfFull

BalkanskiMacak

Mimi the Cat

Injustice for all

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