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Messages - eliaspraciano

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1
I compared at shutterstock.

10 years ago, I had 11 SODs in the whole month of July. These brought an average of $23.96 per SOD.

So far this July, after just over half a month, I have 27 SODs. The average take per SOD is $1.18, which is down to one-twentieth.

What that will look like in 10 years is anyone's guess....
Let me guess... It'll not get any better.

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2
This "people will have to adapt" talk... YouTube is already full of vloggers saying this.
This conversation became shallow and repetitive IMHO.

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3
Can this industry remain to be a sustainable source of income for us in the following decades? And what are the alternatives if not?


I guess the key questions regarding this subject are:

1. How good will AI image and video generators become over time - will the people rather browse and buy finished content done by "professionals" or they will just type the sentence or keywords and click "generate"?

2. How much the genuine human content will be in demand?

3. Will the race to the bottom ever end, or everything will sooner or later become free? (which would probably mean "game over" for the most of us)
If we take into account that other perspectives of other human activities are also not so good, it might be easier to understand where we are heading.
For example, what are the perspectives of those who write books in the coming years?
And who drives (professionally) cars, buses or trucks?
Will it be a world of unemployment and widespread misery?

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4
Wouldn't microstock be wiped out by AI?

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6
As for creatives... The pendulum will never swing back. Long gone are the days of so called partnerships. Believe it or not the old contracts were very simple, the contributor creates the work and the agency markets and sells the work, the agency represented 'you' and 'you' were proud and gave it all your best. Let's not forget that once upon a time most if not all stock agencies the deal was 50/50 then is slowly eroded to 60/40... the rest is history, we now accept $5 for giving our work away for free by a corporate and accept 0.10c for a download.

The current structure in this digital world is not for the benefit of the creator rather it is for the benefit of the publicly traded corporation.
When shareholders say "I make the money work for me" they mean "I have people working to make me money "

If you don't like it they call you a crazy communist.

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7
The search engine on Adobe is indeed the worst I ever seen on an agency.

For example: Mark no people in the search and the result is still 90% WITH people!
If I were a buyer, I would search on other agencies -  even shitterstock is much better for searching results.
What to see when Google enters this business

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8
The stock industry is consolidating faster than I thought only a few years ago. I think most players are irrelevant already that were still on the radar not so long ago.

Small players are already totally wiped out and sending anything to them is a huge waste of time and an opportunity that your content lands in the wrong hands. Middle tier have also mostly slipped down. Alamy 123RF, Dreamstine,Envato,Deposit are a shadow of what they were and in a few years will join the low ballers if they aren't already.

Now the "big players" that are competing as hard as never before even if it means for some of them trumping their relationship with contributors:

The 800 pound gorilla has shrunk to a baboon with a red and ugly ...... Still on the top list but falling every month. I remember when the exclusive number was around 300 (earning rating on the right). Very soon that number will be under 1 agency where you don't need to be exclusive. Their 15% has made many people loose interest. Less content less buyers.

Shutterstock: Well they lost their leadership a few months ago and will keep falling. Many demotivated people have already abandoned them and this trend will persist. Thy still have a lot of content but others are taking the throne fast.

Pond5: They are only a player in video but I think they will be part of the leadership group in this area for a while. I wish they could get stronger and also make a dent in the image department as I think they are by far the most fair agency to contributors.

Adobe: Climbing steadily and killing competition slowly but without merci. I think they are the ones that could turn the whole market upside down if they wanted killing all competitors in a few years. Make file exclusivity happen (50-55%) accept editorial, and start footage subs and Shutter and Istock would be history very fast. A couple of years and they would be gone. Getty/Istock probably bankrupt.

Other more selective or niche players like the few RM or premium agencies left will still survive offering specialized content that is not available on the micros.

In any case if Adobe does not make major mistakes it will be king of the hill by far in 2 or 3 years.

That's how I see it. The post pandemic world is changing many variables so I could be wrong but it will be interesting to see the final check mate when it happens.
What are the niche agencies?!

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9
General Stock Discussion / Re: I will not boycot SS.
« on: June 13, 2020, 07:53 »
I will not boycot SS.

We are hitting a global economic crisis, worse than the Great Depression.

I accept, that the value of my images may drop to 10 cents.

Right now my earnings did not change. I am level 5.
Fair enough!

Especially because it's difficult to see alternatives to Shutterstock, at the moment.

Just to know, will the CEO and the shareholders also make their share of sacrifices or are you alone in this?

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10
The key is to do it as a group. Join forces with the stockcoalition.org for example and get all the people that is deleting their portfolios from SS and make a stock site where all contributors get shares. Like a Cooperative so all the revenue goes to contributors.


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