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Messages - blvdone

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801
This is very interesting.  They have done massive cost cutting including Cost of Revenue (our commission payout?), Sales and Marketing and Product Development.  However, General and Administrative (executive compensation?) was increased by about 3%.  Net income and EPS more than tripled from 2019.  Thus big jump in share price.  The new commission tier system took effect on June 1, 2020.  Quarter ending 6/30/2020 was the first quarter in many years for the first time to have negative growth (red bar in the first pic) in the Cost of Revenue.  They've achieved their intended goal.  Good job.  Just by cutting the cost by $50 million, Shutterstock increased its market cap by $1.5 billion by doubling its stock price from 2019.  It's the work of financial genius!!  Notice the cost of revenue in Q4 went from 43% of revenue in 2019 to only 37% of revenue in 2020.  It may not be entirely from contributor pay because our average pay must have been lower than 30% in Q4 2020.  Also, Shutterstock cut its workforce by 13% in 2020.  That may be a part of cost of revenue.

https://investor.shutterstock.com/news-releases/news-release-details/shutterstock-reports-fourth-quarter-and-full-year-2020-financial

https://www.macrotrends.net/stocks/charts/SSTK/shutterstock/cost-goods-sold

https://www.macrotrends.net/stocks/charts/SSTK/shutterstock/number-of-employees

https://finance.yahoo.com/quote/SSTK?p=SSTK

802
At what point do people as a whole consider this a waste of time where the effort isn't worth the return?

Obviously, for the last 3, 4 years, content massively increased as thousands of new contributors came in uploading to stock sites.  I'm hoping now that it's not worth uploading new contents for so many people anymore, thousands will quit and we'll go back to somewhere near the way it used to be.


Exactly. Which is why I'm asking, how far will these sites continue to drop royalties before people as a whole just stop submitting. The sites clearly have learned we're nowhere near the bottom. They can continue dropping royalties and angering contributors because the line of new contributors who are willing to accept anything is longer than the angered contributors who leave.

I think Shutterstock tried to discourage low earners to upload photos with the new commission tier system.  To be honest, I'm all for that concept.  But the problem is low sales this year with mostly $0.10 subs, unfair video commission tier system and disgustingly low price video subscription.  So, I hope more contributors will un-license portfolio there especially those who had been big sellers there.

But they may also be discouraging a lot of people who produce good sellable content.

They sure do.  I hope that'll be their miscalculation that'll bring them down and roll back what they did last year. 

803
Shutterstock.com / Re: Very low video sales
« on: March 04, 2021, 11:17 »
"childish" springs to mind  ;D

Calling someone a "stupid redneck m'fer" is really contemptable.

Go get your dose of lithium  ;D

Fellow troll to the rescue.

Just take a look at what you are writing, if anyone is trolling its you. ::)

As I said it's childish. You're acting like a big baby boo hoo shutterstock listen to me bring back our royalties,  boo hoo someone disagreed with me  ;D

Good lord grow up

Like I said, I've been rude only to those who were rude to me first. 

Bye.

804
At what point do people as a whole consider this a waste of time where the effort isn't worth the return?

Obviously, for the last 3, 4 years, content massively increased as thousands of new contributors came in uploading to stock sites.  I'm hoping now that it's not worth uploading new contents for so many people anymore, thousands will quit and we'll go back to somewhere near the way it used to be.


Exactly. Which is why I'm asking, how far will these sites continue to drop royalties before people as a whole just stop submitting. The sites clearly have learned we're nowhere near the bottom. They can continue dropping royalties and angering contributors because the line of new contributors who are willing to accept anything is longer than the angered contributors who leave.

I think Shutterstock tried to discourage low earners to upload photos with the new commission tier system.  To be honest, I'm all for that concept.  But the problem is low sales this year with mostly $0.10 subs, unfair video commission tier system and disgustingly low price video subscription.  So, I hope more contributors will un-license portfolio there especially those who had been big sellers there.

805
Shutterstock.com / Re: Very low video sales
« on: March 04, 2021, 10:46 »
"childish" springs to mind  ;D

Calling someone a "stupid redneck m'fer" is really contemptable.

Go get your dose of lithium  ;D

Fellow troll to the rescue.

806
Shutterstock.com / Re: Shutterstock payment
« on: March 04, 2021, 10:16 »
I don't think the payment has ever come this early in the month for me before. SS must have decided to do something to get a positive reaction, for a change  ;D

They nearly doubled their cashflow in the midst of pandemic.  I wonder how they did it.  Maybe that's why they pay us quick now.

https://finance.yahoo.com/quote/SSTK/cash-flow?p=SSTK

807
Nowadays there are about 2800 Competitors with more than 14.000 files at shutterstock.

How do you know?  That's an amazing number.
There is a Website providing these numbers of Shutterstock artist.
https://microstockrank.com
Guess Shutterstock is aiming to get it closed
Lolostock  - https://microstockrank.com/shutterstock/contributor/2366-Lolostock

Wow.  Thanks.

808
Shutterstock.com / Re: Very low video sales
« on: March 04, 2021, 09:15 »



OK you hater HodagMedia on Shutterstock forum.  You should work on your photo skill rather than wasting your time posting craps you stupid redneck MFer.

https://www.shutterstock.com/image-photo/portrait-girl-showing-middle-fingers-on-697911292

Don't mince your words BLVDONE.  Come out with it.  Say what you really think.  ..

 ;D

Yes, I just want to have people here, see what kind of person he really is. Many have commented and criticized him for his incoherent rants and never ending rubbish, but he's got this personal "thing" for me. Wow, an obsessed angry person, calling me names and personally attacking me, on yet another forum, because I dare to disagree with the mighty Blvdone. Well I'm not going to sink to his childish levels. Just the facts...

He's already banned on SS forums after pushing the limits for a couple months. Maybe he's trying to get banned here too?  8)

Oh and yes, I should be working on improving my photo skills, that's always a good idea for all of us? Always keep improving and learning.

I have no problem anybody disagreeing with me, but you and some others do personal attacks against me.  I'm only rude to those who are rude to me making personal attacks.  I never start attacking people first.  I only react to those who attack me.  So, try being nice and respectful even when you disagree with somebody posting on forums.  Learn to be a better person and a productive part of a society.  That's my advice to you HodagMedia.  I've never ridiculed and attacked others first on those forums like you and other useless trolls do.  So, look at yourself in the mirror. 

P.S. Mr. Oringer has a better stock photo portfolio than you do imo.

Bye.

809
Oringer's Twitter comments last June when the new paycut was announced was entirely supportive of the move.  He said so multiple times. At one point he had a pretty good rant against the contributors complaining.

Yup.  He basically tweeted telling contributors to GTFO if you don't like Shutterstock's new move last tyear.

810
At what point do people as a whole consider this a waste of time where the effort isn't worth the return?

Obviously, for the last 3, 4 years, content massively increased as thousands of new contributors came in uploading to stock sites.  I'm hoping now that it's not worth uploading new contents for so many people anymore, thousands will quit and we'll go back to somewhere near the way it used to be.

811
Nowadays there are about 2800 Competitors with more than 14.000 files at shutterstock.

How do you know?  That's an amazing number.

812
What SS did was evil. It comes from a very dark place where only sociopaths dare the tread.

They were already making a lot of money, so they didn't need to cut artist commissions. They did it purely out of greed in the middle of a pandemic, while putting out phony virtue about BLM and social justice.

I honestly hope SS a quick death and Adobe Stock take their place at the top. At least Adobe have an incentive to keep artists happy because their biggest source of revenue comes from artists using their software. Shutterstock provide nothing else.

Totally agree.  I hope Shutterstock to go bankrupt and their stock option become worthless.  Yes, them posing as social justice advocate is laughable.  Total hypocrite if Shutterstock was a person.  They pretend they care about artists by creating artist grant fund using a tiny portion of money they took from us with their new commission system.  lol  Shutterstock truly is a sociopath.

813
Shutterstock.com / Re: Shutterstock payment
« on: March 04, 2021, 05:15 »
They paid me today, for February.  Pretty quick.  You didn't criticize them in public, right?

If you ask me, I did not, I just post on their forum to ask if someone had the same problem of missing payment..but if someone criticize them I do not think that they would not send payment because of that, it was obvious some glitch in the system, sorry for my english

Your English is perfect.

814
Very interesting.  He has a great portfolio with 14,000 photos and 1,670 videos.
My February sales on Shutterstock was 1/4 of BME.  So, maybe I did OK compared to many other contributors.

https://youtu.be/C1D4yDwihoI?t=241

https://www.shutterstock.com/g/lofilolo?sort=popular

815
Personally I think it's their new CEO Stan P who's the big ass wipe in this company. I think he's shot SS in the foot with his new subscription business strategy. The place is a sheet hole now not just for contributors it seems, but customers too.

I agree, but Oringer made him the CEO, I think.  So, it's both of them who decided to hurt us contributors in the midst of pandemic to instantly pump up their stock price.

816
The amount of attacks I got from other contributors for posting it on Shutterstock was insane.  Those people are turning other cheek to Shutterstock.  Something I wouldn't do.  After what Jon did to us last year reducing our pays instantly, honestly assessing his photos as "suck" was nothing.  He's not an active contributor not dedicated to the art of creating stock photos/videos to pay some bills anymore.  Do any of those people think he's crying because I called his photos "suck"?  Come on man.

817
Shutterstock.com / Re: Shutterstock payment
« on: March 03, 2021, 17:14 »
They paid me today, for February.  Pretty quick.  You didn't criticize them in public, right?

818

 I just gave my honest opinion on his portfolio.

People need to stop justifiying being rude and insulting by saying "I just gave my opinion!!!".

There are a lot of forum rules on Shutterstock, one is "be polite" another "Provide honest, constructive feedback without being disrespectful or mean" How is saying someone's profile "sucks" constructive? Next rule says "Refrain from using the forum to call out other contributors work in a negative light", which is exactly what you did. Jon Oringer certainly did not come to the forum to ask for your opinion on his (test) portfolio. You made a thread specifically for calling out his work in a negative light. And then there is a rule saying "Refrain from making defamatory remarks about Shutterstock, our contributors, our customers, or our competitor", which you have broken in many of the 446564 threads you post daily.

I don't like Oringer any more than anyone else here does, but you broke several rules, you got a well deserved warning, stop whining.

I believe the forum is a place to whine and let them know how we feel.  No need to play nice after they deliberately took our money to prop up their stock price and increase their stock option payout by millions of $$$.  I would be nice if they were nice to us contributors.  So, stop playing nice to the devils making our lives harder.  They only exploit our weakness.  They struck first.  We strike back.

819

 I just gave my honest opinion on his portfolio.

People need to stop justifiying being rude and insulting by saying "I just gave my opinion!!!".

There are a lot of forum rules on Shutterstock, one is "be polite" another "Provide honest, constructive feedback without being disrespectful or mean" How is saying someone's profile "sucks" constructive? Next rule says "Refrain from using the forum to call out other contributors work in a negative light", which is exactly what you did. Jon Oringer certainly did not come to the forum to ask for your opinion on his (test) portfolio. You made a thread specifically for calling out his work in a negative light. And then there is a rule saying "Refrain from making defamatory remarks about Shutterstock, our contributors, our customers, or our competitor", which you have broken in many of the 446564 threads you post daily.

I don't like Oringer any more than anyone else here does, but you broke several rules, you got a well deserved warning, stop whining.

Surprised he's not got a temporary ban or at least a warning for: "You should work on your photo skill rather than wasting your time posting craps you stupid redneck MFer".

Maybe he got a warning, you never know. Seems a bit of a step up from an 'opinion'.

This Uncle Pete HodagMedia guy has been rude to me on Shutterstock forum and here.  I'm not the one who attack somebody first.  I'm only reacting to somebody being rude attacking me.  That MFer only posts meaningless crap.

820
Shutterstock.com / Re: Very low video sales
« on: March 02, 2021, 16:50 »
'OK you hater HodagMedia on Shutterstock forum.  You should work on your photo skill rather than wasting your time posting craps you stupid redneck MFer.

https://www.shutterstock.com/image-photo/portrait-girl-showing-middle-fingers-on-697911292
[/i]'

Don't mince your words BLVDONE.  Come out with it.  Say what you really think.  ..
[/quote]

I'll try.

821
Just got a warning from Shutterstock.  I was phasing out of the forum anyway after un-licensing my portfolios there recently.  So, whatever.  Good luck to all who are still with Shutterstock.
Soon you will be banned and your account closed noone will miss you.

I'm all for good relationship between contributors and an agency.  I just gave my honest opinion on his portfolio.  I thought his photos sucked in terms of skill and artisticity despite them being from nearly 20 years ago.  But that wasn't the main point of my post on Shutterstock.  My point was that Jon probably wasn't those who pride in their creations in photos and videos.  I thought he probably thinks we should be happy making some money on the side from photos that would've been collecting dust in our hard drives.  If he was one of us creators who pride in our works, he wouldn't have done what he has done in the midst of pandemic to hurt us.  That' was my point of the original post on Shutterstock.  Although his photos lacked professional skill and artisticity, I can see that he gets why and what would sell in stock photos.  That's why he has been a successful businessman growing his Shutterstock into multi billion dollar corporation.  He has made all the right decisions for the company and for us for so many years, until last year imo.  So, I'm not trying to trash him at all.  I was trying to understand and find a clue of why Jon Oringer did what he did last year with Shutterstock to hurt us contributors.  I just hope that he'll correct his mistakes he made last year and roll back changes Shutterstock made to pre-covid days when most of us were happy working with Shutterstock.

822
Just got a warning from Shutterstock.  I was phasing out of the forum anyway after un-licensing my portfolios there recently.  So, whatever.  Good luck to all who are still with Shutterstock.

Of all the reasons you gave them, they chose the best one!
Obviously, some admins have a good sense of humor!

 ;D

Jon is a fellow contributor.  He should be angry about the changes Shutterstock made last year too!!  lol

823
Shutterstock.com / Re: Very low video sales
« on: March 02, 2021, 11:01 »
I stopped uploading ANYthing on SS since their commission robbery.
Now I don't sell more videos and I have a lot of $0,87 or $3,.. sales, and almost even no extended licenses anymore for vectors

I don't know if it's kind of a coincidence but I take it as if : very massive sales on P5 this month and last night amongst many 28 and sometimes 70 sales, 4x 175 on Adobe Stock! Farewell SS

I have done exactly the same thing, except I sell only Vectors and Photo's and sales have gone up on Adobe Stock.

SS sales are not only down, but of course so is the commission, last month was the first time in nine years that I didn't receive a payout.

I'm also very happy to sell recent videos on Adobe Stock at strong prices and knowing they are not (and will never be) on SS.

Totally understand the feeling.  Every time I saw those sub $10 (actually mostly sub $5) video subs sales reports, I felt angry thinking what I could've made on Adobe Stock and Pond5 for the same video sales.  It's the peace of mind that's priceless now that I don't see those infuriating sales reports.

824
Just got a warning from Shutterstock.  I was phasing out of the forum anyway after un-licensing my portfolios there recently.  So, whatever.  Good luck to all who are still with Shutterstock.

825
I think this is always ongoing somewhere when you upload to those unlimited download sites.  Somebody can just download thousands of clips in a week and sell as their own somewhere else.

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