Quote from: Bauman on February 02, 2022, 13:53Quote from: Wilm on February 02, 2022, 10:21
This could be a reasonable explanation indeed.
Yes ... Pavlovsky himself said so in the latest financial reports.
Subscribers are increasing both in number and in average revenue per customers.
2020 255000 subscribers
2021 336000 subscribers
2020 $328 average revenue per customer
2021 $361 average revenue per customer
But downloads are the same ... (44.3 2021 vs 43.4 2020)
So revenue per download (Three Months Ended September) is:
2020 $3.79
2021 $4.30
Revenue per download was:
2013 $2.35
2015 $2.85
2017 $3.24
My RPD:
2013 $0.59
2015 $0.75
2017 $0.88
2020 $0.83
2021 $0.76
2022 (Jan $0.51)
So, real royalty earnings % is:
2013 0.59/2.35= 25.10%
2015 0.75/2.85= 26.31%
2017 0.88/3.24= 27.16%
2020 0.83/3.79= 21.89%
2021 0.76/4.30= 17.67%
17.67% (not 30 or 35% of level 4 o 5) is very close to Istock's actual 15% ... a real theft against contributors.
I do stock full time and unfortunately I have to pay my expenses and SS is still 40% of my income. I hate them with all my heart. I'm thinking of quitting, but it's not an easy choice.
Of course, this is not an easy choice, Baumann. We already had this topic in the shutterstock forum. Shutterstock knew exactly that countless contributors had no choice because this was their main source of income. As I wrote there, the ugly face of capitalism was revealed because the new revenue structure was introduced at the very time when many contributors had lost other sources of income through Corona. And because this was the case, many contributors could not simply delete their portfolios from shutterstock, which they would certainly have liked to do out of conviction.
The largest contributor - Africa Studio - did it. I have a lot of respect for that, because some employees have to be paid. I am sure that the decision was very difficult for them.
I myself did not do it. I am only a tiny light. But I couldn't bring myself to give up a four-figure income per year. Nevertheless, my shutterstock motivation is at absolute zero.






