Author Topic: Exciting news from Shutterstock HQ! (Read 33546 times)

melastmohican · « **Reply #25 on:** January 15, 2015, 15:49 »

Interesting article: http://blog.melchersystem.com/2015/01/15/shutterstock-buys-rex-33-million/

Uncle Pete · « **Reply #26 on:** January 15, 2015, 16:12 »

The stock market new version: http://www.streetinsider.com/Management+Comments/Shutterstock+%28SSTK%29+to+Acquire+Rex+Features+in+%2433M+Deal/10166678.html

Any time any company says "we have exciting news" be prepared for unexpected changes.

This could very well have nothing at all to do with us and be run as a separate division, selling to a different market segment.

YadaYadaYada · « **Reply #27 on:** January 15, 2015, 16:18 »

Quote from: Sean Locke Photography on January 15, 2015, 06:49

How is this actually exciting for the regular contributor? How does it affect us?

I don't own stock, don't work for SS or Rex, and there's nothing in this that looks exciting to me. How will this deal make me more money?

bunhill · « **Reply #28 on:** January 15, 2015, 16:35 »

Quote from: melastmohican on January 15, 2015, 15:49

Interesting article: http://blog.melchersystem.com/2015/01/15/shutterstock-buys-rex-33-million/

That's a fascinating and well written article.

Shutterstock · « **Reply #29 on:** January 15, 2015, 17:04 »

Thank you for your interest about the news we shared this morning. We received a number of questions and hope to answer them here.

What this mean for our contributors:
In the immediate future, nothing will change for our commercial and editorial contributors. Please continue to submit content as you have and we’ll continue to market and license your work. Our Red Carpet program will remain the same. We will continue to work with our editorial contributors to help you gain access to events. These acquisitions provide a wider audience for our commercial and editorial contributors. A broader audience means more views of your work which equals more downloads for you.

Will editorial images from Shutterstock also be available on Rex Features?
For the foreseeable future, Shutterstock editorial and Rex Features will run in parallel. This means that the images you submit to Shutterstock will remain on Shutterstock. Should plans change, we will keep you updated.

Where do the images on Rex Features come from and can I submit content?
Rex receives image submissions from freelancers, staff photographers and agencies around the world and covers red carpet events, celebrity photography, news, sports, and features. Rex also has an archive that stretches back to the early days of photography and shoots 'on set' exclusively for many TV shows.

Rex Features is rights managed? Does that mean that Shutterstock is moving into RM licensing?
Rex currently licenses images for a single use rather than an unlimited number of uses. Shutterstock has no plans to change our current licensing structure.

What is the Rex Features pricing model?
Rex customers can either pay a fixed amount per image, or commit to a customized annual subscription.

Does Rex Features license footage?
Rex began producing and selling video over the last 18 months.

Will Shutterstock contributors have the ability to submit music tracks?
Currently, we are not accepting submissions to our music collection. We will keep you updated on progress.

Thanks,
Paul Brennan
VP, Content Operations

Jo Ann Snover · « **Reply #30 on:** January 15, 2015, 17:19 »

Thanks to SS VP Content Operations for returning to clarify some things - much appreciated.

In terms of the news itself, however, the way it feels to me (as a supplier #249 of content to SS) is that profits from the submitted work of contributors thus far is enabling SS to expand its business into other areas that won't grow our business with them at all.

I'm not saying they haven't grown the original areas of their business - they clearly have - but I can't get all that excited about taking the profits from that to grow new businesses. It feels to me a bit like the first wife who works to put her husband through medical school only to have him leave her for someone younger once he's graduated and all the tuition bills are paid....

ouchie · « **Reply #31 on:** January 15, 2015, 18:48 »

Quote from: Shutterstock on January 15, 2015, 17:04

Thank you for your interest about the news we shared this morning. We received a number of questions and hope to answer them here.

What this mean for our contributors:
In the immediate future, nothing will change for our commercial and editorial contributors. Please continue to submit content as you have and we’ll continue to market and license your work. Our Red Carpet program will remain the same. We will continue to work with our editorial contributors to help you gain access to events. These acquisitions provide a wider audience for our commercial and editorial contributors. A broader audience means more views of your work which equals more downloads for you.

Will editorial images from Shutterstock also be available on Rex Features?
For the foreseeable future, Shutterstock editorial and Rex Features will run in parallel. This means that the images you submit to Shutterstock will remain on Shutterstock. Should plans change, we will keep you updated.

Where do the images on Rex Features come from and can I submit content?
Rex receives image submissions from freelancers, staff photographers and agencies around the world and covers red carpet events, celebrity photography, news, sports, and features. Rex also has an archive that stretches back to the early days of photography and shoots 'on set' exclusively for many TV shows.

Rex Features is rights managed? Does that mean that Shutterstock is moving into RM licensing?
Rex currently licenses images for a single use rather than an unlimited number of uses. Shutterstock has no plans to change our current licensing structure.

What is the Rex Features pricing model?
Rex customers can either pay a fixed amount per image, or commit to a customized annual subscription.

Does Rex Features license footage?
Rex began producing and selling video over the last 18 months.

Will Shutterstock contributors have the ability to submit music tracks?
Currently, we are not accepting submissions to our music collection. We will keep you updated on progress.

Thanks,
Paul Brennan
VP, Content Operations

What abt the raise question?

shudderstok · « **Reply #32 on:** January 15, 2015, 20:01 »

Quote from: ouchie on January 15, 2015, 18:48

Quote from: Shutterstock on January 15, 2015, 17:04
Thank you for your interest about the news we shared this morning. We received a number of questions and hope to answer them here.

What this mean for our contributors:
In the immediate future, nothing will change for our commercial and editorial contributors. Please continue to submit content as you have and we’ll continue to market and license your work. Our Red Carpet program will remain the same. We will continue to work with our editorial contributors to help you gain access to events. These acquisitions provide a wider audience for our commercial and editorial contributors. A broader audience means more views of your work which equals more downloads for you.

Will editorial images from Shutterstock also be available on Rex Features?
For the foreseeable future, Shutterstock editorial and Rex Features will run in parallel. This means that the images you submit to Shutterstock will remain on Shutterstock. Should plans change, we will keep you updated.

Where do the images on Rex Features come from and can I submit content?
Rex receives image submissions from freelancers, staff photographers and agencies around the world and covers red carpet events, celebrity photography, news, sports, and features. Rex also has an archive that stretches back to the early days of photography and shoots 'on set' exclusively for many TV shows.

Rex Features is rights managed? Does that mean that Shutterstock is moving into RM licensing?
Rex currently licenses images for a single use rather than an unlimited number of uses. Shutterstock has no plans to change our current licensing structure.

What is the Rex Features pricing model?
Rex customers can either pay a fixed amount per image, or commit to a customized annual subscription.

Does Rex Features license footage?
Rex began producing and selling video over the last 18 months.

Will Shutterstock contributors have the ability to submit music tracks?
Currently, we are not accepting submissions to our music collection. We will keep you updated on progress.

Thanks,
Paul Brennan
VP, Content Operations

What abt the raise question?

If you want a raise and a share of the profits buy the stock to get your "raise" in the form of dividends. Otherwise don't hold our breath as you as a contributor are most likely the biggest "liability" SS has. Nothing personal it's only business

in other words "It feels to me a bit like the first wife who works to put her husband through medical school only to have him leave her for someone younger once he's graduated and all the tuition bills are paid...."

No Free Lunch · « **Reply #33 on:** January 15, 2015, 20:08 »

in other words "It feels to me a bit like the first wife who works to put her husband through medical school only to have him leave her for someone younger once he's graduated and all the tuition bills are paid...."

In the states we have a thing called a good divorce attorney and 'Alimony' or Spousal maintenance support- that the wonderful doctor would have to pay the rest of his life to his ex-wife!

PixelBytes · « **Reply #34 on:** January 15, 2015, 20:56 »

Reading this whole thread, I don't see anything at all for contributors to be excited about. The whole 'exciting news' angle when really it is no benefit to contributors but only more money in SS pockets feels a bit deja vu to me. Do they have Kelly Thompson writing their announcements for contributors now?

Rinderart · « **Reply #35 on:** January 16, 2015, 00:59 »

Quote from: PixelBytes on January 15, 2015, 20:56

Reading this whole thread, I don't see anything at all for contributors to be excited about. The whole 'exciting news' angle when really it is no benefit to contributors but only more money in SS pockets feels a bit deja vu to me. Do they have Kelly Thompson writing their announcements for contributors now?

If some...how many VP's are there? would address a raise for us that means something to us other than shareholders we would be very Grateful. Not one word in 4 years for gods sake.

roede-orm · « **Reply #36 on:** January 16, 2015, 03:46 »

The most exciting news are that nothing will change in the near future for contributors. And the coffee maker in the next room is working again

gbalex · « **Reply #37 on:** January 16, 2015, 04:59 »

Quote from: Rinderart on January 16, 2015, 00:59

Quote from: PixelBytes on January 15, 2015, 20:56
Reading this whole thread, I don't see anything at all for contributors to be excited about. The whole 'exciting news' angle when really it is no benefit to contributors but only more money in SS pockets feels a bit deja vu to me. Do they have Kelly Thompson writing their announcements for contributors now?

If some...how many VP's are there? would address a raise for us that means something to us other than shareholders we would be very Grateful. Not one word in 4 years for gods sake.

Try 7 years - Last SS Raise - May 13, 2008

http://tinyurl.com/l4zgs69

Reminds me of the Offset PR release - in other words "It feels to me a bit like the first wife who works to put her husband through medical school only to have him leave her for someone younger once he's graduated and all the tuition bills are paid...."

Pixart · « **Reply #38 on:** January 16, 2015, 10:41 »

Re the Red Carpet.... I don't really submit editorial (OR RC) so I didn't take much note of the announcement, but didn't they stop the SS Red Carpet program, or seriously alter it's restrictions a while back? Must have been while they were doing their due diligence since REX has a red carpet division.

Get back to work people. There was no glory for the Egyptian slaves that built the great pyramids either.

stockastic · « **Reply #39 on:** January 16, 2015, 10:59 »

"Please continue to submit content as you have..."

No problem with that, since I'm submitting nothing. SS will never get another photo from me until there's a significant (and I mean significant) royalty increase.

ShadySue · « **Reply #40 on:** January 16, 2015, 11:07 »

Quote from: Rinderart on January 16, 2015, 00:59

Quote from: PixelBytes on January 15, 2015, 20:56
Reading this whole thread, I don't see anything at all for contributors to be excited about. The whole 'exciting news' angle when really it is no benefit to contributors but only more money in SS pockets feels a bit deja vu to me. Do they have Kelly Thompson writing their announcements for contributors now?

If some...how many VP's are there? would address a raise for us that means something to us other than shareholders we would be very Grateful. Not one word in 4 years for gods sake.

Why would they even consider a raise, when the overwhelming opinion expressed here for ages has been how fantastic SS is (at least compared to the others, which isn't saying much). They're sitting pretty, with an apparently 'mostly very happy' contributor base.

ouchie · « **Reply #41 on:** January 16, 2015, 11:41 »

Quote from: ShadySue on January 16, 2015, 11:07

Quote from: Rinderart on January 16, 2015, 00:59
Quote from: PixelBytes on January 15, 2015, 20:56
Reading this whole thread, I don't see anything at all for contributors to be excited about. The whole 'exciting news' angle when really it is no benefit to contributors but only more money in SS pockets feels a bit deja vu to me. Do they have Kelly Thompson writing their announcements for contributors now?

If some...how many VP's are there? would address a raise for us that means something to us other than shareholders we would be very Grateful. Not one word in 4 years for gods sake.

Why would they even consider a raise, when the overwhelming opinion expressed here for ages has been how fantastic SS is (at least compared to the others, which isn't saying much). They're sitting pretty, with an apparently 'mostly very happy' contributor base.

ahh, yes. i have been saying this for years. but "ALL THINGS CHANGE".....remember istock?

Jo Ann Snover · « **Reply #42 on:** January 16, 2015, 11:52 »

http://www.bloomberg.com/video/shutterstock-looks-for-m-a-when-it-works-ceo-jon-oringer-3_lW_4d8TvSIHiPnDx00BQ.html?cmpid=yhoo

Somewhat rambling interview by Bloomberg news with Jon Oringer about the Rex and Premium Beat acquisitions.

There's talk in there about there being many more people with smartphones at events than professional photographers and his thought that SS can help those people monetize their editorial content. He also talks about the importance of the relationships Rex staff had with their clients and suppliers for editorial photos. Not clear to me that those two things can co-exist.

He was also asked about organic growth versus more M&A and he said they'd do more mergers if they found the right one, but planned to grow organically. No one asked if the BigStock acquisition was an example of a failed M&A

KnowYourOnions · « **Reply #43 on:** January 16, 2015, 12:56 »

This acquisition might increase general sales and therefore bring more $ to contributors too. Some buyers only purchase from super respectful companies and SS is building that image well.
I still hope SS will finally address a raise request asap!

sgoodwin4813 · « **Reply #44 on:** January 16, 2015, 13:48 »

Quote from: Pixart on January 16, 2015, 10:41

Get back to work people. There was no glory for the Egyptian slaves who built the great pyramids either.

Ouch. Love that quote. Unfortunately, I think that pretty much sums it up.

Rinderart · « **Reply #45 on:** January 17, 2015, 00:32 »

Quote from: sgoodwin4813 on January 16, 2015, 13:48

Quote from: Pixart on January 16, 2015, 10:41
Get back to work people. There was no glory for the Egyptian slaves who built the great pyramids either.

Ouch. Love that quote. Unfortunately, I think that pretty much sums it up.

YEP!!!!!!

ShadySue · « **Reply #46 on:** January 17, 2015, 04:50 »

Quote from: sgoodwin4813 on January 16, 2015, 13:48

Quote from: Pixart on January 16, 2015, 10:41
Get back to work people. There was no glory for the Egyptian slaves who built the great pyramids either.

Ouch. Love that quote. Unfortunately, I think that pretty much sums it up.

<pedant mode>Indeed, apart from the historical inaccuracy:
http://www.theguardian.com/world/2010/jan/11/great-pyramid-tombs-slaves-egypt </pedant>
But I understood the point you were making.

Uncle Pete · « **Reply #47 on:** January 17, 2015, 09:56 »

Stock Market opinion, another view of the acquisition. Maybe if I owned SS stock, I'd be "excited".

http://seekingalpha.com/article/2825306-update-shutterstocks-acquisitions?auth_param=stqub:1abju3d:8f04eb235b38e502037f990502a79fb6&uprof=46&dr=1

Jo Ann Snover · « **Reply #48 on:** January 17, 2015, 12:41 »

I couldn't read the Seeking Alpha article - it faded after a few seconds with a request to register.

I found it interesting that Variety wrote a short piece on this - with a logo for Shutterstock I don't recognize (IOW I don't think it's ever had that logo)

http://variety.com/2015/digital/news/shutterstock-acquires-premiumbeat-rex-features-1201407572/

There's also an interview with Oringer in this blog from Yahoo Finance including this quote about Adobe as a competitor "...In the bigger picture we compete with Adobe in the field of work-flow..(and will do so) over the next 25 years.”

http://firstadopter.tumblr.com/post/108210540999/interview-the-ceo-of-shutterstock-says-adobe-is

It also includes a quote that says no raise for you lot: "“The 30% rate is fair to the contributor and let’s us invest in marketing and the technology..(30%) is the right spot.”

Shelma1 · « **Reply #49 on:** January 17, 2015, 13:04 »

"Both businesses will eventually be folded into Shutterstock’s banner."

From the Variety article.

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Author Topic: Exciting news from Shutterstock HQ! (Read 33546 times)

melastmohican

Uncle Pete

YadaYadaYada

bunhill

Shutterstock

Jo Ann Snover

ouchie

shudderstok

No Free Lunch

PixelBytes

Rinderart

roede-orm

gbalex

Pixart

stockastic

ShadySue

ouchie

Jo Ann Snover

KnowYourOnions

sgoodwin4813

Rinderart

ShadySue

Uncle Pete

Jo Ann Snover

Shelma1

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