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Author Topic: How SS can survive with this change?  (Read 2078 times)

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« on: June 01, 2020, 14:09 »
0
hi Somebody can explain to me how shutterstock can survive with this kind of Subscription ? If i made 2000$ per month for exemple and now i fall to 500$ The company also lost money. How can they pay there bill ?  I dont understand the change. Probably they dont sell lot of photo anymore. This is my only opinion about that.


« Reply #1 on: June 01, 2020, 14:23 »
+18
hi Somebody can explain to me how shutterstock can survive with this kind of Subscription ? If i made 2000$ per month for exemple and now i fall to 500$ The company also lost money. How can they pay there bill ?  I dont understand the change. Probably they dont sell lot of photo anymore. This is my only opinion about that.

they didn't lost the money, that 1500$ difference from 2000$ to 500$ goes to them.

jav

« Reply #2 on: June 01, 2020, 14:31 »
+17
They will continue to maintain their high budget and salaries. The only ones affected are the contributors

« Reply #3 on: June 01, 2020, 14:40 »
+16
hi Somebody can explain to me how shutterstock can survive with this kind of Subscription ? If i made 2000$ per month for exemple and now i fall to 500$ The company also lost money. How can they pay there bill ?  I dont understand the change. Probably they dont sell lot of photo anymore. This is my only opinion about that.

They are selling for the same price and just giving you a smaller percentage, so they earn more and you earn less.

« Reply #4 on: June 01, 2020, 14:47 »
+12
hi Somebody can explain to me how shutterstock can survive with this kind of Subscription ? If i made 2000$ per month for exemple and now i fall to 500$ The company also lost money. How can they pay there bill ?  I dont understand the change. Probably they dont sell lot of photo anymore. This is my only opinion about that.

Changes are related to contributors payment, not related with how much they charge buyers.

k_t_g

  • What's the buzzzzzz!
« Reply #5 on: June 01, 2020, 16:37 »
+11
Time to leave the circus. Peanuts are for elephants anyways.  ::)

« Reply #6 on: June 01, 2020, 16:38 »
+9
Time to leave the circus. Peanuts are for elephants anyways.  ::)

Even elephants deserve better than peanuts.

« Reply #7 on: June 01, 2020, 17:02 »
+1
This is an article from 2019 already showing problems.

Today their stock is down 2% although the market is up, but it might be because they are going Ex Dividend.

The wider stock market will hear about these problems in a few weeks.

https://seekingalpha.com/article/4306978-shutterstock-enterprise-growth-is-gone

And next time they present data, they will probably have drastically increased  profits. So I doubt the stock market cares, maybe they will sell it as a bonus that the little people are leaving the platform.

« Reply #8 on: June 04, 2020, 14:31 »
+1
What I cannot understand is reducing commissions to the point many large contributors will disappear.  At the same time rejecting 90% of the images uploaded.

In the long term SS database will decline when companies such as Alamy and DT will continue to increase in size.  In the long run, this does hurt SS because it will no longer be the Top Dog in the stock market.

Cannot understand their business plan??

« Reply #9 on: June 04, 2020, 14:39 »
+4
What I cannot understand is reducing commissions to the point many large contributors will disappear.  At the same time rejecting 90% of the images uploaded.

In the long term SS database will decline when companies such as Alamy and DT will continue to increase in size.  In the long run, this does hurt SS because it will no longer be the Top Dog in the stock market.

Cannot understand their business plan??

Because it is short term thinking. That is what made me think that something else is in play here than just a royalty grab.

« Reply #10 on: June 04, 2020, 14:42 »
+2
You could be right.  Maybe trying to sell the company or go for a merger.  But any company doing their due diligence will not understand their business plan.

« Reply #11 on: June 04, 2020, 14:44 »
+1
What I cannot understand is reducing commissions to the point many large contributors will disappear.  At the same time rejecting 90% of the images uploaded.

In the long term SS database will decline when companies such as Alamy and DT will continue to increase in size.  In the long run, this does hurt SS because it will no longer be the Top Dog in the stock market.

Cannot understand their business plan??
Because it is short term thinking. That is what made me think that something else is in play here than just a royalty grab.
They will offer exclusivity soon, when we get on our knees. The only real competitor to them is Getty, without exclusivity, they are lagging.

« Reply #12 on: June 17, 2020, 20:22 »
+10
Will never put myself into an exclusive agreement with SS.  Can no longer trust them.

« Reply #13 on: June 18, 2020, 09:13 »
+2
Total guess; they think there are enough photographers that photos are devalued to the point they are covered even if they only give 10c.

That leaves illustrations, which for example even IS realised they need to compensate better for.

Instead of going that route (based on all the Indian people giving fake reviews and writing fake articles, plus reports that reviews have moved to India) I believe SS has come to the conclusion that they can have a set up similar to freepik, but instead of producing in house they have select partners in Indian "factories" producing hundreds of thousands of illustrations per week and happy to take 10c. I am not sure why they think this will work given the quality of stuff that has been coming out of those setups for years. Probably because they have bought in management who have no idea what they are talking about.

« Reply #14 on: June 18, 2020, 09:33 »
0
They dont care one bit!  they can't afford to care the shareholders still want their money end of story!

« Reply #15 on: June 18, 2020, 15:49 »
+2
You mean Jon Oringer that holds 45% of the shares.......

They dont care one bit!  they can't afford to care the shareholders still want their money end of story!

Les

« Reply #16 on: June 18, 2020, 17:10 »
0
Best way to make money would be the sell short a few thousands SSTK shares.


 

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