Author Topic: Did iStock Just Reveal Overall Monthly Payments? (Read 9197 times)

odesigns · « **on:** February 21, 2019, 14:43 »

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?

SuperPhoto · « **Reply #1 on:** February 21, 2019, 14:55 »

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.

qunamax · « **Reply #2 on:** February 21, 2019, 15:28 »

Same here, same numbers.

davidbautista · « **Reply #3 on:** February 21, 2019, 16:15 »

Quote from: ODesigns on February 21, 2019, 14:43

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

odesigns · « **Reply #4 on:** February 21, 2019, 16:18 »

Quote from: SuperPhoto on February 21, 2019, 14:55

Sounds like you are owed $5+ million dollars! Congrats!

I wish! Only about 0.00024% of that amount is mine.

ShadySue · « **Reply #5 on:** February 21, 2019, 18:22 »

Quote from: SuperPhoto on February 21, 2019, 14:55

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.

jjneff · « **Reply #6 on:** February 21, 2019, 19:08 »

This is to funny! I am sure Abode and ShutterStock would love this info. as well!

PaulieWalnuts · « **Reply #7 on:** February 21, 2019, 19:26 »

Quote from: davidbautista on February 21, 2019, 16:15

Quote from: ODesigns on February 21, 2019, 14:43
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 (?)

davidbautista · « **Reply #8 on:** February 21, 2019, 19:27 »

Quote from: PaulieWalnuts on February 21, 2019, 19:26

Quote from: davidbautista on February 21, 2019, 16:15
Quote from: ODesigns on February 21, 2019, 14:43
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

Zero Talent · « **Reply #9 on:** February 21, 2019, 20:38 »

Quote from: jjneff on February 21, 2019, 19:08

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.

cobalt · « **Reply #10 on:** February 22, 2019, 04:30 »

So does this mean that Shutterstock is already paying out twice as much as gettyimages?

increasingdifficulty · « **Reply #11 on:** February 22, 2019, 06:03 »

Quote from: Zero Talent on February 21, 2019, 20:38

Quote from: jjneff on February 21, 2019, 19:08
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).

Pauws99 · « **Reply #12 on:** February 22, 2019, 06:43 »

Quote from: cobalt on February 22, 2019, 04:30

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

Pauws99 · « **Reply #13 on:** February 22, 2019, 06:47 »

Quote from: increasingdifficulty on February 22, 2019, 06:03

Quote from: Zero Talent on February 21, 2019, 20:38
Quote from: jjneff on February 21, 2019, 19:08
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.

increasingdifficulty · « **Reply #14 on:** February 22, 2019, 07:16 »

Quote from: Pauws99 on February 22, 2019, 06:47

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.

Pauws99 · « **Reply #15 on:** February 22, 2019, 09:25 »

Quote from: increasingdifficulty on February 22, 2019, 07:16

Quote from: Pauws99 on February 22, 2019, 06:47
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 · « **Reply #16 on:** February 22, 2019, 11:53 »

Quote from: Pauws99 on February 22, 2019, 09:25

Quote from: increasingdifficulty on February 22, 2019, 07:16
Quote from: Pauws99 on February 22, 2019, 06:47
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.

asiseeit · « **Reply #17 on:** February 22, 2019, 14:42 »

Quote from: ODesigns on February 21, 2019, 14:43

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 »

Quote from: asiseeit on February 22, 2019, 14:42

Quote from: ODesigns on February 21, 2019, 14:43
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.

Artist · « **Reply #19 on:** February 22, 2019, 21:16 »

Quote from: asiseeit on February 22, 2019, 14:42

Quote from: ODesigns on February 21, 2019, 14:43
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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Author Topic: Did iStock Just Reveal Overall Monthly Payments? (Read 9197 times)

odesigns

SuperPhoto

qunamax

davidbautista

odesigns

ShadySue

jjneff

PaulieWalnuts

davidbautista

Zero Talent

cobalt

increasingdifficulty

Pauws99

Pauws99

increasingdifficulty

Pauws99

Uncle Pete

asiseeit

ShadySue

Artist

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