Agency Based Discussion > Pond5
The membership program is a disaster for contributors.
helloitsme:
I think Pond5 is making less money overall with the membership program too. They should get rid of it. No contributor should participate in that either. It's a simple math. If you surrender your precious video clips to that program, you are giving your HD and 4k clips for less than $14 each. That's horrendous.
https://www.pond5.com/membership
Brightontl:
Actually p5 is playing quite clever and will probably kill all of us artists.
It is making less money at the moment it is true: before they were making about $30 per sale ($60 minus the commission for artists), now they are making about $5 per sale in the horrible membership thing.
But they have managed to put together 200.000 hand picked clips of excellent quality, covering basically all the customers needs.
Their aim is to take the whole video stock market, basically the customers of SS, FT and VB and they will probably manage to do it very quickly, unless the other agencies will respond immediately by lowering their prices to single digit per clip.
P5 has started the biggest price war ever seen in the stock market and the artists who participate at the program gave them the rope to hang us all
sharpshot:
Can't the people in the membership collection thing opt out? I don't think people thought P5 would select high quality clips. If they opt out, P5 will disappoint any buyers they have taken from other sites and will only hurt themselves.
I don't think the other sites will get in to a price war, as it isn't the only reason buyers use sites. That's obvious with stills, many sites do well selling the same images at higher prices.
Brightontl:
--- Quote from: sharpshot on May 22, 2016, 16:26 ---Can't the people in the membership collection thing opt out? I don't think people thought P5 would select high quality clips. If they opt out, P5 will disappoint any buyers they have taken from other sites and will only hurt themselves.
I don't think the other sites will get in to a price war, as it isn't the only reason buyers use sites. That's obvious with stills, many sites do well selling the same images at higher prices.
--- End quote ---
As far as I know the contributors can get out of the scheme, but somebody should make them understand the situation.
If many of them opt out, then things will go back to normal.
This time the dumpng from p5 is too strong: for the price of 1 clip customers can download 10 clips. SS, FT and VB will have to react or die
helloitsme:
Unlike Videoblocks, Pond5's membership program consists of contributors' clips not Pond5's own clips. So, if everybody in the membership opts out, there'll be no membership clips. Giving your clips to the membership program is like cutting your own wrist with a knife. It's not good.
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