Author Topic: Big studio is set to lose the most money (Read 3241 times)

Charlene · « **on:** June 03, 2020, 04:31 »

After seeing all the 0.10 cent streak, I think big studio producer are set to lose the most money among us.

From a steady $0.38 to a steady $0.10, it is a lost of 73%.

If you are only earning $0.25 before this and getting a $0.10 now, you are only losing 60%.

Before we see these $0.10 to $0.20 streak, we've always thought that a Level 6 could cover it back with bigger sales, but it seems that bigger sales could be far less than we thought. And so, being a Level 1 or Level 6 doesn't make much difference since we are getting these much of $0.10.

Big studio producer have invested a lot (in models, equipment, etc) and they may have not cover back all these yet. This sudden cut is too drastic, and big studio should be the one that get the most impact.

However, this is only the 3rd day, so we may have not see the full picture yet.

Justanotherphotographer · « **Reply #1 on:** June 03, 2020, 04:34 »

Not just big studios but all professional producers who are doing this full time and as their main source of income.

My income has been devastated already, imagine what the first half of the year is going to be like.

Chichikov · « **Reply #2 on:** June 03, 2020, 05:16 »

(Very) Big studios have special contracts with Shutterstock.

panicAttack · « **Reply #3 on:** June 03, 2020, 05:23 »

Quote from: Chichikov on June 03, 2020, 05:16

(Very) Big studios have special contracts with Shutterstock.

there are some of those with 440k and 600k images on facebook union group and looks like they dont.

Chichikov · « **Reply #4 on:** June 03, 2020, 06:32 »

Quote from: panicAttack on June 03, 2020, 05:23

Quote from: Chichikov on June 03, 2020, 05:16
(Very) Big studios have special contracts with Shutterstock.

there are some of those with 440k and 600k images on facebook union group and looks like they dont.

This is a very good new!

As you probably know among the biggest studios there are many Russian studios.
According to what you can read on one of the Russian forums, which is very active (microstock.ru), it seems that some contributors have a contract, a real contract on paper, with Shutterstock and that it is difficult for Shutterstock to change the terms. Unfortunately I (my wife) can't find the post.

However, there is this:

http://www.microstock.ru/forum/showpost.php?p=1321806&postcount=90446
servickuz
As sales went, so go. Nothing changed. The same amount, the same prices.

http://www.microstock.ru/forum/showpost.php?p=1321806&postcount=90628
Quote:
Message from servickuz
I’ll check with a lawyer tomorrow.
Yes, my conditions work until the end of the year.
"I will think about it tomorrow" (C)

From what I understand, he's got a contract and he wants to check the terms with his lawyer.
I don't know more, but it does suggest to me that some contributors have privileged treatment

anon20200611 · « **Reply #5 on:** June 03, 2020, 06:32 »

A huge studio (500k images in SS) seized productions last month. They just fired everyone and kept the income. Company was a daughter company of another image bank (not SS). So, another image bank has been selling pics in SS too. Gotta love the fact that the image banks themselves compete against contributors now also. And guess what, they also have access to the requested keywords by the clients also, making their production plans so much more efficient than a small 10k contributor that has to play lotto with every project, or years to find a solid niche. In case you have been wondering where the huge disregard for small contributors has been coming from.

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Author Topic: Big studio is set to lose the most money (Read 3241 times)

Charlene

Justanotherphotographer

Chichikov

panicAttack

Chichikov

anon20200611

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