Exclusivity benefits Pond5 while a contributor is sure to have an overall income loss. Its an insulting smokescreen to offer such a lame deal while at the same time lowering our cut to 40% - a whopping 20% earnings cut. Its a profit-grabbing betrayal by a company that has always marketing itself as artist-friendly, and it should to be called out as such.
Some asked, why call them out for cutting commissions when others pay even less? Because all of it is unfairly low 30% is too low and 40% is too low. Pond5 says they dont want a race to the bottom, but by cutting artist pay theyre participating in a race to the bottom in how much artists are compensated for their own work. Is the CEO getting a pay cut? Is any employee there getting a pay cut? So why . should the creators be OK with a 20% earnings cut?
The only good option here is to push back strongly against the commission cut. If Pond5 wants to go 60/40 for exclusive footage, fine, but that has absolutely nothing to do with what everyone else is paid. Stock companies can look to other areas of their business model for profit or accept the profit they're making, but they need to stop thinking they can take more money from contributors just because they want it.
Pushing back against Storyblocks worked because tons of people wrote emails and posted online. I wrote the petition against them and just created this petition against Pond5. Please sign this petition and share with everyone you know! https://www.change.org/p/jason-teichman-pond5-don-t-cut-the-already-low-compensation-for-stock-artists
And please contact Pond5 to let them know its not OK for them or any other site to cut our earnings for the work we create. Email is [email protected], and cc CEO Jason Teichman at [email protected].
You are calling 20% reduction masive. But you write 40% is just as bad as 30%.
40% is about 31% more than 30%!
So 40% is extremely massive more than 30% in your math!
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