Author Topic: Shutterstock's new Headquarters (Read 7454 times)

Rinderart · « **on:** March 06, 2014, 13:29 »

In Case you haven't seen it'

http://www.shutterstock.com/blog/look-inside-shutterstocks-new-hq-in-the-empire-state-building?fb_action_ids=10152288804341285&fb_action_types=og.likes&fb_source=other_multiline&action_object_map={%2210152288804341285%22%3A293675127456780}&action_type_map={%2210152288804341285%22%3A%22og.likes%22}&action_ref_map=[]

ksgal · « **Reply #1 on:** March 06, 2014, 14:03 »

Wow. nice digs.

EmberMike · « **Reply #2 on:** March 06, 2014, 14:05 »

I saw this last night and honestly my first thought was, "I'm on the wrong side of this business."

But after giving it some more thought this morning, I say, "Good for Shutterstock HQ, and given the choice between their office and mine, I'll still take mine every time."

It would be easy for me (and everyone here) to say that it stings a little to see the company employees living the good life in a fancy new office built in part on our work. But it's not like I haven't benefitted from their success. Sure my office looks nothing like that, and there's no free lunch here. But I work from home. I don't have a commute. I've got my son sitting here with me most days and I take far more breaks than I should to play with him, make lunch and snacks, go to the park, take him to this new nature class we're starting tomorrow at our local environmental center, watch movies, etc.

And really, how could I complain about Shutterstock doing well? They built that crazy office in the ESB and didn't cut contributor pay to do it. How many other companies do we work with who could grow like they've grown, spend like they've spent, and not charge customers more or take any money back from us? Well, except for the referral program. Ok, that sucked. But besides that...

If they can do what they've done, be that successful, build that ridiculously nice office, give employees free food and yoga classes and ping-pong tables, and not screw us over in the process, as insane as it sounds I call that a "win" in this business.

Ron · « **Reply #3 on:** March 06, 2014, 14:06 »

Very true Mike, Alamy clawed back 10% royalties to fun their New York office.

Shelma1 · « **Reply #4 on:** March 06, 2014, 14:09 »

Kind of typical of advertising/production spaces in NY.

Jo Ann Snover · « **Reply #5 on:** March 06, 2014, 14:10 »

Quote from: Ron on March 06, 2014, 14:06

Very true Mike, Alamy clawed back 10% royalties to fun their New York office.

The bigger sin is that they apparently weren't able to boost their business in the US or creative all that much (compare their Alexa rankings to Shutterstock's) with the money they appropriated. If they had succeeded, I'd have said good for Alamy

cthoman · « **Reply #6 on:** March 06, 2014, 14:14 »

Quote from: EmberMike on March 06, 2014, 14:05

I saw this last night and honestly my first thought was, "I'm on the wrong side of this business."

LOL. You're just figuring that out now.

EmberMike · « **Reply #7 on:** March 06, 2014, 14:23 »

Quote from: cthoman on March 06, 2014, 14:14

Quote from: EmberMike on March 06, 2014, 14:05
I saw this last night and honestly my first thought was, "I'm on the wrong side of this business."

LOL. You're just figuring that out now.

It sinks in a little deeper when the evidence is presented in photos of how the "other half" of this business live and work.

tickstock · « **Reply #8 on:** March 06, 2014, 14:26 »

It's good to see someone making money from stock images.

cthoman · « **Reply #9 on:** March 06, 2014, 15:05 »

Quote from: EmberMike on March 06, 2014, 14:23

Quote from: cthoman on March 06, 2014, 14:14
Quote from: EmberMike on March 06, 2014, 14:05
I saw this last night and honestly my first thought was, "I'm on the wrong side of this business."

LOL. You're just figuring that out now.

It sinks in a little deeper when the evidence is presented in photos of how the "other half" of this business live and work.

I'm waiting for the Oringer episode of Cribs.

Shelma1 · « **Reply #10 on:** March 06, 2014, 15:11 »

Yoga room, cafe, ping pong..."you can check out any time you like, but you can never leave."

topol · « **Reply #11 on:** March 06, 2014, 16:03 »

The usual bleak, depressing, sterile peon-hub.

Notice how the big money class that creates these for the peons, shoves it down their throat by everyone having to be amazed at how grand and stylish making the absolut minimum to create a spece for humans is... but they themselves never-ever live like that? Their homes are always old style luxury, warm, homey ancien régime lush feel. (or they just plain and simple buy chateaus)

gbalex · « **Reply #12 on:** March 06, 2014, 16:08 »

Stockholm syndrome set in years ago... let us count the ways we are grateful to our captors.

ARTPUPPY · « **Reply #13 on:** March 06, 2014, 16:38 »

Look like they are renting two floors of the Empire State Building. Linkedin pays roughly 1.2 million/year to rent one floor, so I can guess Shutterstock will be paying over 2 million a year, not including costs of the renovations. Whenever you see a company stockpile large amounts of cash, they will find ways to spend it first before paying shareholders (or you, the suppliers). Maybe they'll buy a sports team next! A link to the rents paid to the Empire building is here: http://therealdeal.com/issues_articles/empire-state-building-a-buyers-manual/ With all the talk of Shutterstock's stock price (OMG everybody, look how high it is!!!

), it might be wise to look at Empire State Realty Trust instead...

Red Dove · « **Reply #14 on:** March 06, 2014, 17:59 »

Slightly larger than my penthouse apartment - but with fewer ladies lounging about.

gbalex · « **Reply #15 on:** March 06, 2014, 18:59 »

Quote from: ARTPUPPY on March 06, 2014, 16:38

Look like they are renting two floors of the Empire State Building. Linkedin pays roughly 1.2 million/year to rent one floor, so I can guess Shutterstock will be paying over 2 million a year, not including costs of the renovations.

Whenever you see a company stockpile large amounts of cash, they will find ways to spend it first before paying shareholders (or you, the suppliers). Maybe they'll buy a sports team next! A link to the rents paid to the Empire building is here: http://therealdeal.com/issues_articles/empire-state-building-a-buyers-manual/ With all the talk of Shutterstock's stock price (OMG everybody, look how high it is!!! ), it might be wise to look at Empire State Realty Trust instead...

They seem to be able to justify spending money on everything but their contributors. We have not seen a raise in over 8 years. Yet Shutterstock, a global digital company that could locate its offices in a number affordable locations in the states; chooses to locate their employees and offices in midtown Manhattan. One of the most expensive vanity locations in the world.

Manhattan and Brooklyn Highest Cost of Living Nationwide
http://tinyurl.com/9ractoa

Snip
Manhattan and Brooklyn are the most expensive places to live in the United States, according to research from the nonprofit Council for Community and Economic Research.

The organization uses pricing data from across the country for almost 60 different items, based in six areas—housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services—to measure the cost of living.

MANHATTAN RENTAL MARKET REPORT
http://www.mns.com/manhattan_rental_market_report

Snip
To begin 2014, average rents across Manhattan increased 2.07% since the previous month, climbing to $3,833. Pricing for each Non-Doorman unit type across the borough increased since the previous month:

Studios (+1.69%), One-Bedrooms (+0.94%), Two- Bedrooms (+1.22%).

Fifth among world’s priciest office markets
http://tinyurl.com/lf5ek7a
Manhattan’s Madison and Fifth avenues, with rents averaging $127 per square foot, is the world’s sixth-priciest office market, up from eighth place last year.

“The [Madison and Fifth avenues] submarket is home to many of the city’s trophy assets, which command higher asking rents, and is a desired location for occupiers like hedge funds and private-equity firms willing to pay triple-digit rents,”

Paying the Rent: The World’s 12 Most Expensive Office Locations
http://tinyurl.com/l44hyve

gostwyck · « **Reply #16 on:** March 06, 2014, 19:27 »

Quote from: gbalex on March 06, 2014, 18:59

They seem to be able to justify spending money on everything but their contributors. We have not seen a raise in over 8 years. Yet Shutterstock, a global digital company that could locate its offices in a number affordable locations in the states; chooses to locate their employees and offices in midtown Manhattan. One of the most expensive vanity locations in the world.

Manhattan and Brooklyn Highest Cost of Living Nationwide
http://tinyurl.com/9ractoa

Snip
Manhattan and Brooklyn are the most expensive places to live in the United States, according to research from the nonprofit Council for Community and Economic Research.

The organization uses pricing data from across the country for almost 60 different items, based in six areas—housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services—to measure the cost of living.

MANHATTAN RENTAL MARKET REPORT
http://www.mns.com/manhattan_rental_market_report

Snip
To begin 2014, average rents across Manhattan increased 2.07% since the previous month, climbing to $3,833. Pricing for each Non-Doorman unit type across the borough increased since the previous month:

Studios (+1.69%), One-Bedrooms (+0.94%), Two- Bedrooms (+1.22%).

Fifth among world’s priciest office markets
http://tinyurl.com/lf5ek7a
Manhattan’s Madison and Fifth avenues, with rents averaging $127 per square foot, is the world’s sixth-priciest office market, up from eighth place last year.

“The [Madison and Fifth avenues] submarket is home to many of the city’s trophy assets, which command higher asking rents, and is a desired location for occupiers like hedge funds and private-equity firms willing to pay triple-digit rents,”

Paying the Rent: The World’s 12 Most Expensive Office Locations
http://tinyurl.com/l44hyve

If you knew anything at all about business, especially high-tech business, you would know that by far the most important consideration of a business when locating/relocating ... is the availability of staff with the necessary skills.

I have no doubt that SS could have cheaper rent in rural Kentucky or wherever but where are you going to get the staff from?

You want to try living or working in London nowadays. Truth is that big businesses want to be there and there is a virtuous circle of self-interest in the availability of creative talent, the employment opportunities and the universities that attract and produce the talent ... from all over the world.

Did you watch Evan Davis' documentary called "Mind the Gap: London vs the Rest" this week? I guess not from the froth you are spouting;

http://www.telegraph.co.uk/culture/tvandradio/tv-and-radio-reviews/10674308/Mind-the-Gap-London-vs-the-Rest-episode-one-BBC-Two-review.html

luissantos84 · « **Reply #17 on:** March 06, 2014, 19:41 »

gbalex stop complaining all the time and open an agency yourself, don't you let SS pay you so little...

cthoman · « **Reply #18 on:** March 06, 2014, 22:05 »

Quote from: gostwyck on March 06, 2014, 19:27

I have no doubt that SS could have cheaper rent in rural Kentucky or wherever but where are you going to get the staff from?

They could come to Austin, TX, although it is SXSW time... So, they are probably already here.

gbalex · « **Reply #19 on:** March 07, 2014, 00:56 »

Quote from: gostwyck on March 06, 2014, 19:27

Quote from: gbalex on March 06, 2014, 18:59
They seem to be able to justify spending money on everything but their contributors. We have not seen a raise in over 8 years. Yet Shutterstock, a global digital company that could locate its offices in a number affordable locations in the states; chooses to locate their employees and offices in midtown Manhattan. One of the most expensive vanity locations in the world.

Manhattan and Brooklyn Highest Cost of Living Nationwide
http://tinyurl.com/9ractoa

Snip
Manhattan and Brooklyn are the most expensive places to live in the United States, according to research from the nonprofit Council for Community and Economic Research.

The organization uses pricing data from across the country for almost 60 different items, based in six areas—housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services—to measure the cost of living.

MANHATTAN RENTAL MARKET REPORT
http://www.mns.com/manhattan_rental_market_report

Snip
To begin 2014, average rents across Manhattan increased 2.07% since the previous month, climbing to $3,833. Pricing for each Non-Doorman unit type across the borough increased since the previous month:

Studios (+1.69%), One-Bedrooms (+0.94%), Two- Bedrooms (+1.22%).

Fifth among world’s priciest office markets
http://tinyurl.com/lf5ek7a
Manhattan’s Madison and Fifth avenues, with rents averaging $127 per square foot, is the world’s sixth-priciest office market, up from eighth place last year.

“The [Madison and Fifth avenues] submarket is home to many of the city’s trophy assets, which command higher asking rents, and is a desired location for occupiers like hedge funds and private-equity firms willing to pay triple-digit rents,”

Paying the Rent: The World’s 12 Most Expensive Office Locations
http://tinyurl.com/l44hyve

If you knew anything at all about business, especially high-tech business, you would know that by far the most important consideration of a business when locating/relocating ... is the availability of staff with the necessary skills.

I have no doubt that SS could have cheaper rent in rural Kentucky or wherever but where are you going to get the staff from?

You want to try living or working in London nowadays. Truth is that big businesses want to be there and there is a virtuous circle of self-interest in the availability of creative talent, the employment opportunities and the universities that attract and produce the talent ... from all over the world.

Did you watch Evan Davis' documentary called "Mind the Gap: London vs the Rest" this week? I guess not from the froth you are spouting;

http://www.telegraph.co.uk/culture/tvandradio/tv-and-radio-reviews/10674308/Mind-the-Gap-London-vs-the-Rest-episode-one-BBC-Two-review.html

My family owns a Fortune 200 company with over 12,000 permanent employees. They have offices all over the US and I can assure you that they did not locate those regional offices in areas that would incur high overhead for the corporation or it's employees.

The PPI Tech/Info Job Ranking
http://tinyurl.com/kk9zjpd

America's Top 25 High-Tech Hotspots

http://tinyurl.com/lgbncxh

Where Techies Call It Home [Infographic]

America’s Leading High-Tech Metros
http://tinyurl.com/7zmxekd

Beppe Grillo · « **Reply #20 on:** March 07, 2014, 01:22 »

Quote from: Rinderart on March 06, 2014, 13:29

In Case you haven't seen it'

http://www.shutterstock.com/blog/look-inside-shutterstocks-new-hq-in-the-empire-state-building?fb_action_ids=10152288804341285&fb_action_types=og.likes&fb_source=other_multiline&action_object_map={%2210152288804341285%22%3A293675127456780}&action_type_map={%2210152288804341285%22%3A%22og.likes%22}&action_ref_map=[]

A lot of picture of people talking, playing or doing nothing.

I can not imagine how it would be better for us all contributors if these people really worked…

Ariene · « **Reply #21 on:** March 07, 2014, 03:20 »

I had a dream... that was beautiful dream... SS earn so much money that decided to share with contributors... Just said: "we have so much, we want to give you as you give us..."
Hm, was that real? No, no... it was just a beautiful, amazing dream...

pixsol · « **Reply #22 on:** March 07, 2014, 03:50 »

I remember waiting for 3 hours in 2010 to go to the top of the Empire State Building (for a fee). With SS now HQed there, an offer for us (contributors) a free tour of their facility will be nice :-)

stocked · « **Reply #23 on:** March 07, 2014, 03:59 »

Quote from: tickstock on March 06, 2014, 14:26

It's good to see someone making money from stock images.

It's good to see someone making money from my stock images.

cthoman · « **Reply #24 on:** March 07, 2014, 11:13 »

Quote from: gbalex on March 07, 2014, 00:56

The PPI Tech/Info Job Ranking
http://tinyurl.com/kk9zjpd

America's Top 25 High-Tech Hotspots
http://tinyurl.com/lgbncxh

Interesting charts. Proving my Austin point. Can I get some kind of finder's fee on their relocation? Or a job?

Rinderart · « **Reply #25 on:** March 07, 2014, 17:04 »

Quote from: Ariene on March 07, 2014, 03:20

I had a dream... that was beautiful dream... SS earn so much money that decided to share with contributors... Just said: "we have so much, we want to give you as you give us..."
Hm, was that real? No, no... it was just a beautiful, amazing dream...

Reoccurring dream for me. years now.

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Author Topic: Shutterstock's new Headquarters (Read 7454 times)

Rinderart

ksgal

EmberMike

Ron

Shelma1

Jo Ann Snover

cthoman

EmberMike

tickstock

cthoman

Shelma1

topol

gbalex

ARTPUPPY

Red Dove

gbalex

gostwyck

luissantos84

cthoman

gbalex

Beppe Grillo

Ariene

pixsol

stocked

cthoman

Rinderart

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