Post by: odesigns on February 21, 2019, 14:43
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?
Post by: SuperPhoto on February 21, 2019, 14:55
Just kidding :) Yeah, sounds like they made a mistake, surprised they disclosed that. Probably not just to you, but everyone with an iStock account.
Post by: qunamax on February 21, 2019, 15:28
Post by: davidbautista on February 21, 2019, 16:15
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.And they are keeping 70-85% of that, wow
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?
Post by: odesigns on February 21, 2019, 16:18
Sounds like you are owed $5+ million dollars! Congrats!
I wish! Only about 0.00024% of that amount is mine. :(
Post by: ShadySue on February 21, 2019, 18:22
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.
Post by: jjneff on February 21, 2019, 19:08
Post by: PaulieWalnuts on February 21, 2019, 19:26
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.And they are keeping 70-85% of that, wow
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?
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 (?)
Post by: davidbautista on February 21, 2019, 19:27
It's a lot of money and still hurting their contributorsLooking 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.And they are keeping 70-85% of that, wow
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?
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 (?)
Enviado desde mi ALP-L29 mediante Tapatalk
Post by: Zero Talent on February 21, 2019, 20:38
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 (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.
Post by: cobalt on February 22, 2019, 04:30
Post by: increasingdifficulty on February 22, 2019, 06:03
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 (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).
Post by: Pauws99 on February 22, 2019, 06:43
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
Post by: Pauws99 on February 22, 2019, 06:47
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.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 (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).
Post by: increasingdifficulty on February 22, 2019, 07:16
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.
Post by: Pauws99 on February 22, 2019, 09:25
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 ;-))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.
Post by: Uncle Pete on February 22, 2019, 11:53
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 ;-))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.
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.
Post by: asiseeit on February 22, 2019, 14:42
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.
Post by: ShadySue on February 22, 2019, 14:56
Ah, so the PayPal total was only part of the total.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.
More and more interesting. ::)
Post by: Artist on February 22, 2019, 21:16
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?