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Author Topic: Did iStock Just Reveal Overall Monthly Payments?  (Read 1649 times)

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« on: February 21, 2019, 14:43 »
+4
Looking at my remittance email I just got, I noticed some data on the bottom.  At first, I assumed it was related to my overall payments from iStock over the years.  But when I looked closer, I noticed the total was over 5.6 million (I assume dollars) -- and that's not all mine.

Do you think that's how much money they're paying everyone this pay period?  Was this information on previous payment emails and I just never noticed it?


« Reply #1 on: February 21, 2019, 14:55 »
+1
Sounds like you are owed $5+ million dollars! Congrats!

Just kidding :) Yeah, sounds like they made a mistake, surprised they disclosed that. Probably not just to you, but everyone with an iStock account.

« Reply #2 on: February 21, 2019, 15:28 »
+1
Same here, same numbers.

« Reply #3 on: February 21, 2019, 16:15 »
+3
Looking at my remittance email I just got, I noticed some data on the bottom.  At first, I assumed it was related to my overall payments from iStock over the years.  But when I looked closer, I noticed the total was over 5.6 million (I assume dollars) -- and that's not all mine.

Do you think that's how much money they're paying everyone this pay period?  Was this information on previous payment emails and I just never noticed it?
And they are keeping 70-85% of that, wow

« Reply #4 on: February 21, 2019, 16:18 »
0
Sounds like you are owed $5+ million dollars! Congrats!

I wish!  Only about 0.00024% of that amount is mine.  :(
« Last Edit: February 21, 2019, 16:20 by ODesigns »

ShadySue

« Reply #5 on: February 21, 2019, 18:22 »
+6
Sounds like you are owed $5+ million dollars! Congrats!

Just kidding :) Yeah, sounds like they made a mistake, surprised they disclosed that. Probably not just to you, but everyone with an iStock account.

Yeah, I have the same figures, and I don't see it on previous remittance advice notes.

Very revealing. Greedy b*stards.

« Reply #6 on: February 21, 2019, 19:08 »
+2
This is to funny! I am sure Abode and ShutterStock would love this info. as well!

PaulieWalnuts

  • On the Wrong Side of the Business
« Reply #7 on: February 21, 2019, 19:26 »
+3
Looking at my remittance email I just got, I noticed some data on the bottom.  At first, I assumed it was related to my overall payments from iStock over the years.  But when I looked closer, I noticed the total was over 5.6 million (I assume dollars) -- and that's not all mine.

Do you think that's how much money they're paying everyone this pay period?  Was this information on previous payment emails and I just never noticed it?
And they are keeping 70-85% of that, wow

If that's total monthly revenue then they're doing $60M a year in sales. If that's the 15%-ish royalty cut then they're doing over $400M a year in sales (?)

« Reply #8 on: February 21, 2019, 19:27 »
+4
Looking at my remittance email I just got, I noticed some data on the bottom.  At first, I assumed it was related to my overall payments from iStock over the years.  But when I looked closer, I noticed the total was over 5.6 million (I assume dollars) -- and that's not all mine.

Do you think that's how much money they're paying everyone this pay period?  Was this information on previous payment emails and I just never noticed it?
And they are keeping 70-85% of that, wow

If that's total monthly revenue then they're doing $60M a year in sales. If that's the 15%-ish royalty cut then they're doing over $400M a year in sales (?)
It's a lot of money and still hurting their contributors

Enviado desde mi ALP-L29 mediante Tapatalk


« Reply #9 on: February 21, 2019, 20:38 »
+1
This is to funny! I am sure Abode and ShutterStock would love this info. as well!

No big secrets here.
Here is graph, showing these values for SS, for every year between 2004-2016:

https://www.shutterstock.com/blog/2017-infographic-contributor-earnings-payouts-report

But SS is publishing all this info (and more) every quarter and every year. The report for 2018 will be published on 02/26.
« Last Edit: February 21, 2019, 20:41 by Zero Talent »

« Reply #10 on: February 22, 2019, 04:30 »
0
So does this mean that Shutterstock is already paying out twice as much as gettyimages?

« Reply #11 on: February 22, 2019, 06:03 »
0
This is to funny! I am sure Abode and ShutterStock would love this info. as well!

No big secrets here.
Here is graph, showing these values for SS, for every year between 2004-2016:

https://www.shutterstock.com/blog/2017-infographic-contributor-earnings-payouts-report

But SS is publishing all this info (and more) every quarter and every year. The report for 2018 will be published on 02/26.

Interesting to see that European photographers make A LOT more than the American (Canada + North + Central + South).

« Reply #12 on: February 22, 2019, 06:43 »
0
So does this mean that Shutterstock is already paying out twice as much as gettyimages?
Well I would guess SS is at least selling the same number of images on around half the commission so sounds in the right ball park

« Reply #13 on: February 22, 2019, 06:47 »
0
This is to funny! I am sure Abode and ShutterStock would love this info. as well!

No big secrets here.
Here is graph, showing these values for SS, for every year between 2004-2016:

https://www.shutterstock.com/blog/2017-infographic-contributor-earnings-payouts-report

But SS is publishing all this info (and more) every quarter and every year. The report for 2018 will be published on 02/26.

Interesting to see that European photographers make A LOT more than the American (Canada + North + Central + South).
As a group....unless we have access to how many contributors we don't know individually. My reading is if the African continent starts to enter this market big time  we are in trouble.

« Reply #14 on: February 22, 2019, 07:16 »
+1
As a group....unless we have access to how many contributors we don't know individually.

Of course, but the population of the Americas is 1 billion, compared to Europe's 741 million.

That means Europeans effectively make about 8-9 times more. Quite an enormous difference don't you think? Even without knowing the number of actual contributors.

« Reply #15 on: February 22, 2019, 09:25 »
0
As a group....unless we have access to how many contributors we don't know individually.

Of course, but the population of the Americas is 1 billion, compared to Europe's 741 million.

That means Europeans effectively make about 8-9 times more. Quite an enormous difference don't you think? Even without knowing the number of actual contributors.
Yes so enormous I find it quite implausible. Therefore I would like to know a lot more about whats behind the numbers to reach that conclusion. I believe some of the Big "Image factories" are located in Eastern Europe so maybe that skews the results? I doubt that comparing like with like contributors would show that magnitude of difference. (Being European I wish it did ;-))

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #16 on: February 22, 2019, 11:53 »
+1
As a group....unless we have access to how many contributors we don't know individually.

Of course, but the population of the Americas is 1 billion, compared to Europe's 741 million.

That means Europeans effectively make about 8-9 times more. Quite an enormous difference don't you think? Even without knowing the number of actual contributors.
Yes so enormous I find it quite implausible. Therefore I would like to know a lot more about whats behind the numbers to reach that conclusion. I believe some of the Big "Image factories" are located in Eastern Europe so maybe that skews the results? I doubt that comparing like with like contributors would show that magnitude of difference. (Being European I wish it did ;-))

Total active artists with over 1,000 images is around 18,000

Partial because not all artists have countries listed:

Thailand      2567
Russian Federation   2122
Ukraine      1857
United States      818
Italy         367
Belarus         346
United Kingdom   344
Spain         301

Someone else posted this last year and I got an email with the same numbers, so I saved it.  :) But comparing the US population to UK is an interesting idea.


« Reply #17 on: February 22, 2019, 14:42 »
+2
Looking at my remittance email I just got, I noticed some data on the bottom.  At first, I assumed it was related to my overall payments from iStock over the years.  But when I looked closer, I noticed the total was over 5.6 million (I assume dollars) -- and that's not all mine.

Do you think that's how much money they're paying everyone this pay period?  Was this information on previous payment emails and I just never noticed it?

This looks like the PayPal batch. I received the Payoneer batch with very different numbers.

ShadySue

« Reply #18 on: February 22, 2019, 14:56 »
+1
Looking at my remittance email I just got, I noticed some data on the bottom.  At first, I assumed it was related to my overall payments from iStock over the years.  But when I looked closer, I noticed the total was over 5.6 million (I assume dollars) -- and that's not all mine.

Do you think that's how much money they're paying everyone this pay period?  Was this information on previous payment emails and I just never noticed it?

This looks like the PayPal batch. I received the Payoneer batch with very different numbers.
Ah, so the PayPal total was only part of the total.
More and more interesting.  ::)

« Reply #19 on: February 22, 2019, 21:16 »
+1
Looking at my remittance email I just got, I noticed some data on the bottom.  At first, I assumed it was related to my overall payments from iStock over the years.  But when I looked closer, I noticed the total was over 5.6 million (I assume dollars) -- and that's not all mine.

Do you think that's how much money they're paying everyone this pay period?  Was this information on previous payment emails and I just never noticed it?

This looks like the PayPal batch. I received the Payoneer batch with very different numbers.

What did you received?

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