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Author Topic: Last SS Raise - May 13, 2008 - 2013 Q1 RPI download increases 8% to $2.29  (Read 26798 times)

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Tror

« Reply #50 on: February 22, 2013, 10:38 »
-1
Let's be clear, a pay rise for us means a price rise for the buyers.

If you vote for a pay rise then you need to be sure that increasing the subscription rate is something that the market will tolerate, without buyers heading off to TS or BS or elsewhere.

Not necessarily. A pay raise would mean they make less Profit. They would only have to raise prices if they would want to keep the same or more profit numbers technically. They would only be forced to raise prices if they would make no profit.

Get real, how do you think the shareholders' meeting would go when they announce that profits are down because they decided to pay artists more without changing the prices?

I explained the technical situation without any implication. Off course SS won`t decrease its profit by raising our commission. That will be our misery in the future....probably you should think about the recent changes at BS


« Reply #51 on: February 22, 2013, 10:40 »
+16
From my perspective, all hope for long term good things for contributors from SS ended when they sent out the e-mail about Bigstock subscriptions and the ridiculous levels of annual sales needed to get the top level of royalties.

I think it's only a matter of when, not if, that royalty schedule is applied to sales at SS. That sort of scheme cuts SS's costs (which increases their profit) and favors the factory producers - Yuri, Monkey Business Images, etc.

There is no way, even if SS doubled their business and I stepped up production  significantly (I do this part time), I would keep my 38 cents per sub download and more importantly the higher payouts on OD and Single image sales.

So I'm glad they had a good fourth quarter, but it no longer seems to have anything to do with my prosperity there.

Tror

« Reply #52 on: February 22, 2013, 10:45 »
0
From my perspective, all hope for long term good things for contributors from SS ended when they sent out the e-mail about Bigstock subscriptions and the ridiculous levels of annual sales needed to get the top level of royalties.

I think it's only a matter of when, not if, that royalty schedule is applied to sales at SS. That sort of scheme cuts SS's costs (which increases their profit) and favors the factory producers - Yuri, Monkey Business Images, etc.

There is no way, even if SS doubled their business and I stepped up production  significantly (I do this part time), I would keep my 38 cents per sub download and more importantly the higher payouts on OD and Single image sales.

So I'm glad they had a good fourth quarter, but it no longer seems to have anything to do with my prosperity there.

I could not agree more....

« Reply #53 on: February 22, 2013, 10:55 »
-3
From my perspective, all hope for long term good things for contributors from SS ended when they sent out the e-mail about Bigstock subscriptions and the ridiculous levels of annual sales needed to get the top level of royalties.

I think it's only a matter of when, not if, that royalty schedule is applied to sales at SS. That sort of scheme cuts SS's costs (which increases their profit) and favors the factory producers - Yuri, Monkey Business Images, etc.

There is no way, even if SS doubled their business and I stepped up production  significantly (I do this part time), I would keep my 38 cents per sub download and more importantly the higher payouts on OD and Single image sales.

So I'm glad they had a good fourth quarter, but it no longer seems to have anything to do with my prosperity there.

It could be that they are the only ones they want to keep. I wouldn't be surprised if those contributors hardly need to be inspected, so smaller players are probably more expensive for them. If smaller contributors are driven out they can reduce their numbers of inspectors and save more money.
In the end, it could be that only the factories will find micro worthwhile, and the rest of us will have to find a new home.
Where's KonaHawaii? :D

« Reply #54 on: February 22, 2013, 11:03 »
+3
Let's be clear, a pay rise for us means a price rise for the buyers.

If you vote for a pay rise then you need to be sure that increasing the subscription rate is something that the market will tolerate, without buyers heading off to TS or BS or elsewhere.

Not necessarily. A pay raise would mean they make less Profit. They would only have to raise prices if they would want to keep the same or more profit numbers technically. They would only be forced to raise prices if they would make no profit.

Get real, how do you think the shareholders' meeting would go when they announce that profits are down because they decided to pay artists more without changing the prices?

At least where I work we do give raises out annually and we are also publicly traded. However, we strive to find ways to become more productive internally in ways that hit the p&l.  I am in no way connected to SS but there are always ways to conduct lean assessments of an organization to identify waste, remove it and redeploy process. Raises aren't JUST about increases for contributors=increases for buyers. There is a middle component missing in this dialog....productivity, growth strategies, etc.

« Reply #55 on: February 22, 2013, 11:19 »
+1
Let's be clear, a pay rise for us means a price rise for the buyers.

If you vote for a pay rise then you need to be sure that increasing the subscription rate is something that the market will tolerate, without buyers heading off to TS or BS or elsewhere.

Not necessarily. A pay raise would mean they make less Profit. They would only have to raise prices if they would want to keep the same or more profit numbers technically. They would only be forced to raise prices if they would make no profit.

Get real, how do you think the shareholders' meeting would go when they announce that profits are down because they decided to pay artists more without changing the prices?

At least where I work we do give raises out annually and we are also publicly traded. However, we strive to find ways to become more productive internally in ways that hit the p&l.  I am in no way connected to SS but there are always ways to conduct lean assessments of an organization to identify waste, remove it and redeploy process. Raises aren't JUST about increases for contributors=increases for buyers. There is a middle component missing in this dialog....productivity, growth strategies, etc.

Could not agree more.

« Reply #56 on: February 22, 2013, 11:32 »
-2
From my perspective, all hope for long term good things for contributors from SS ended when they sent out the e-mail about Bigstock subscriptions and the ridiculous levels of annual sales needed to get the top level of royalties.

I think it's only a matter of when, not if, that royalty schedule is applied to sales at SS. That sort of scheme cuts SS's costs (which increases their profit) and favors the factory producers - Yuri, Monkey Business Images, etc.

There is no way, even if SS doubled their business and I stepped up production  significantly (I do this part time), I would keep my 38 cents per sub download and more importantly the higher payouts on OD and Single image sales.

So I'm glad they had a good fourth quarter, but it no longer seems to have anything to do with my prosperity there.

It could be that they are the only ones they want to keep. I wouldn't be surprised if those contributors hardly need to be inspected, so smaller players are probably more expensive for them. If smaller contributors are driven out they can reduce their numbers of inspectors and save more money.
In the end, it could be that only the factories will find micro worthwhile, and the rest of us will have to find a new home.
Where's KonaHawaii? :D

Oh come on __ do the numbers. Yuri, MB and all the 'factories' have barely 200K images between them. They don't even represent 1% of the library.

« Reply #57 on: February 22, 2013, 12:01 »
+1
Let's be clear, a pay rise for us means a price rise for the buyers.

If you vote for a pay rise then you need to be sure that increasing the subscription rate is something that the market will tolerate, without buyers heading off to TS or BS or elsewhere.

Not necessarily. A pay raise would mean they make less Profit. They would only have to raise prices if they would want to keep the same or more profit numbers technically. They would only be forced to raise prices if they would make no profit.

Get real, how do you think the shareholders' meeting would go when they announce that profits are down because they decided to pay artists more without changing the prices?

At least where I work we do give raises out annually and we are also publicly traded. However, we strive to find ways to become more productive internally in ways that hit the p&l.  I am in no way connected to SS but there are always ways to conduct lean assessments of an organization to identify waste, remove it and redeploy process. Raises aren't JUST about increases for contributors=increases for buyers. There is a middle component missing in this dialog....productivity, growth strategies, etc.
Your confusing being employed with being a supplier. SS may well give its employees annual pay rises etc., but suppliers are not employees, the relationship is quite different.

Obviously, I'd like more as much as the next person but I have some doubts about it being feasible in the current economic climate (since the reality is pay rise = price rise) and I agree with jsnover's assessment that Bigstock is pointing to the shape of things to come.

Tror

« Reply #58 on: February 22, 2013, 12:06 »
+1
Let's be clear, a pay rise for us means a price rise for the buyers.

If you vote for a pay rise then you need to be sure that increasing the subscription rate is something that the market will tolerate, without buyers heading off to TS or BS or elsewhere.

Not necessarily. A pay raise would mean they make less Profit. They would only have to raise prices if they would want to keep the same or more profit numbers technically. They would only be forced to raise prices if they would make no profit.

Get real, how do you think the shareholders' meeting would go when they announce that profits are down because they decided to pay artists more without changing the prices?

At least where I work we do give raises out annually and we are also publicly traded. However, we strive to find ways to become more productive internally in ways that hit the p&l.  I am in no way connected to SS but there are always ways to conduct lean assessments of an organization to identify waste, remove it and redeploy process. Raises aren't JUST about increases for contributors=increases for buyers. There is a middle component missing in this dialog....productivity, growth strategies, etc.
Your confusing being employed with being a supplier. SS may well give its employees annual pay rises etc., but suppliers are not employees, the relationship is quite different.

Obviously, I'd like more as much as the next person but I have some doubts about it being feasible in the current economic climate (since the reality is pay rise = price rise) and I agree with jsnover's assessment that Bigstock is pointing to the shape of things to come.

The current economic climate cannot be so bad when they are able to raise profit every quarter...

« Reply #59 on: February 22, 2013, 12:20 »
+1
Why would increase contibutor payout if contributors are praising you beyond reproach and the inspection queues are humming.  I would be tempted to do the opposite.  There is a strong need to reward shareholders. 

Tror

« Reply #60 on: February 22, 2013, 12:36 »
+3
Why would increase contibutor payout if contributors are praising you beyond reproach and the inspection queues are humming.  I would be tempted to do the opposite.  There is a strong need to reward shareholders.

Exactly! I fail to understand why Contributors here defend whatever Agency against their own interests. I mean, it is not like we are able to ruin a Agency by our greed lol. But we have to take care first of our own priorities, then worry about the others....
« Last Edit: February 22, 2013, 12:40 by Tror »

« Reply #61 on: February 22, 2013, 12:56 »
+2
Let's be clear, a pay rise for us means a price rise for the buyers.

If you vote for a pay rise then you need to be sure that increasing the subscription rate is something that the market will tolerate, without buyers heading off to TS or BS or elsewhere.

Not necessarily. A pay raise would mean they make less Profit. They would only have to raise prices if they would want to keep the same or more profit numbers technically. They would only be forced to raise prices if they would make no profit.

Get real, how do you think the shareholders' meeting would go when they announce that profits are down because they decided to pay artists more without changing the prices?

At least where I work we do give raises out annually and we are also publicly traded. However, we strive to find ways to become more productive internally in ways that hit the p&l.  I am in no way connected to SS but there are always ways to conduct lean assessments of an organization to identify waste, remove it and redeploy process. Raises aren't JUST about increases for contributors=increases for buyers. There is a middle component missing in this dialog....productivity, growth strategies, etc.
Your confusing being employed with being a supplier. SS may well give its employees annual pay rises etc., but suppliers are not employees, the relationship is quite different.

Obviously, I'd like more as much as the next person but I have some doubts about it being feasible in the current economic climate (since the reality is pay rise = price rise) and I agree with jsnover's assessment that Bigstock is pointing to the shape of things to come.

The current economic climate cannot be so bad when they are able to raise profit every quarter...

I don't think the current overall economic climate is particularly relevant to the stock price.  I do think completion from the other micros, which limits the ability to raise price without losing market share is relevant.  When SS's current growth in market share and entry into new markets slows, raising prices (IS model) or reducing costs (BS model) are the other ways to keep earnings per share growing.

Oringer's personal net worth is up something like $85 million today alone and when the time comes, I'm sure he does not want to give that up for the sake of being nice to contributors.



« Reply #62 on: February 22, 2013, 13:28 »
+1
Why would increase contibutor payout if contributors are praising you beyond reproach and the inspection queues are humming.  I would be tempted to do the opposite.  There is a strong need to reward shareholders.

Exactly! I fail to understand why Contributors here defend whatever Agency against their own interests. I mean, it is not like we are able to ruin a Agency by our greed lol. But we have to take care first of our own priorities, then worry about the others....

Personally, I'm not defending anything, I'm just saying what I think the reality is. And it's unreal to imagine any site will punish its owners by reducing profits to reward contributors when there is no apparent need to do so.  You seem to agree with that but you also seem to think that shouting that we want more on a forum is going to make a difference, which it isn't.

« Reply #63 on: February 22, 2013, 13:41 »
+2
From my perspective, all hope for long term good things for contributors from SS ended when they sent out the e-mail about Bigstock subscriptions and the ridiculous levels of annual sales needed to get the top level of royalties.

I think it's only a matter of when, not if, that royalty schedule is applied to sales at SS. That sort of scheme cuts SS's costs (which increases their profit) and favors the factory producers - Yuri, Monkey Business Images, etc.

There is no way, even if SS doubled their business and I stepped up production  significantly (I do this part time), I would keep my 38 cents per sub download and more importantly the higher payouts on OD and Single image sales.

So I'm glad they had a good fourth quarter, but it no longer seems to have anything to do with my prosperity there.

It could be that they are the only ones they want to keep. I wouldn't be surprised if those contributors hardly need to be inspected, so smaller players are probably more expensive for them. If smaller contributors are driven out they can reduce their numbers of inspectors and save more money.
In the end, it could be that only the factories will find micro worthwhile, and the rest of us will have to find a new home.
Where's KonaHawaii? :D

Oh come on __ do the numbers. Yuri, MB and all the 'factories' have barely 200K images between them. They don't even represent 1% of the library.
What per centage of sales do they represent?

« Reply #64 on: February 22, 2013, 14:04 »
0
From my perspective, all hope for long term good things for contributors from SS ended when they sent out the e-mail about Bigstock subscriptions and the ridiculous levels of annual sales needed to get the top level of royalties.

I think it's only a matter of when, not if, that royalty schedule is applied to sales at SS. That sort of scheme cuts SS's costs (which increases their profit) and favors the factory producers - Yuri, Monkey Business Images, etc.

There is no way, even if SS doubled their business and I stepped up production  significantly (I do this part time), I would keep my 38 cents per sub download and more importantly the higher payouts on OD and Single image sales.

So I'm glad they had a good fourth quarter, but it no longer seems to have anything to do with my prosperity there.

It could be that they are the only ones they want to keep. I wouldn't be surprised if those contributors hardly need to be inspected, so smaller players are probably more expensive for them. If smaller contributors are driven out they can reduce their numbers of inspectors and save more money.
In the end, it could be that only the factories will find micro worthwhile, and the rest of us will have to find a new home.
Where's KonaHawaii? :D

Oh come on __ do the numbers. Yuri, MB and all the 'factories' have barely 200K images between them. They don't even represent 1% of the library.
What per centage of sales do they represent?

I love guessing games. I'm going to guess between .5% and 1%. What do I win if I get it right?  ;D

« Reply #65 on: February 22, 2013, 14:06 »
0
top 20 contributors at SS (by portfolio number)
- 1.563 M (6.4% of SS library)

« Reply #66 on: February 22, 2013, 14:59 »
0

If you have earned $10,000 in lifetime earnings, we will increase your payment per Standard License download to 38 per download. This is a raise of 8 (27%) per download over the current applicable rate of 30.


Does this apply to all earnings including from referrals?

Yes.


Tror

« Reply #67 on: February 22, 2013, 15:56 »
+2
Why would increase contibutor payout if contributors are praising you beyond reproach and the inspection queues are humming.  I would be tempted to do the opposite.  There is a strong need to reward shareholders.

Exactly! I fail to understand why Contributors here defend whatever Agency against their own interests. I mean, it is not like we are able to ruin a Agency by our greed lol. But we have to take care first of our own priorities, then worry about the others....

Personally, I'm not defending anything, I'm just saying what I think the reality is. And it's unreal to imagine any site will punish its owners by reducing profits to reward contributors when there is no apparent need to do so.  You seem to agree with that but you also seem to think that shouting that we want more on a forum is going to make a difference, which it isn't.

Yeah, I totally understand. I was not specifically talking towards you. However, I still have a little hope left that SS is a little more Contributor friendly than the black sheeps of the market and maybe give us a raise anyhow :D

« Reply #68 on: February 22, 2013, 16:38 »
-1
This will never happen.

« Reply #69 on: February 22, 2013, 17:06 »
+2
Let's be clear, a pay rise for us means a price rise for the buyers.

If you vote for a pay rise then you need to be sure that increasing the subscription rate is something that the market will tolerate, without buyers heading off to TS or BS or elsewhere.

Not necessarily. A pay raise would mean they make less Profit. They would only have to raise prices if they would want to keep the same or more profit numbers technically. They would only be forced to raise prices if they would make no profit.

Get real, how do you think the shareholders' meeting would go when they announce that profits are down because they decided to pay artists more without changing the prices?

At least where I work we do give raises out annually and we are also publicly traded. However, we strive to find ways to become more productive internally in ways that hit the p&l.  I am in no way connected to SS but there are always ways to conduct lean assessments of an organization to identify waste, remove it and redeploy process. Raises aren't JUST about increases for contributors=increases for buyers. There is a middle component missing in this dialog....productivity, growth strategies, etc.
Your confusing being employed with being a supplier. SS may well give its employees annual pay rises etc., but suppliers are not employees, the relationship is quite different.

Obviously, I'd like more as much as the next person but I have some doubts about it being feasible in the current economic climate (since the reality is pay rise = price rise) and I agree with jsnover's assessment that Bigstock is pointing to the shape of things to come.

My company is a supplier, a big one. And we compete with a lot of other suppliers, our competitive landscape isn't shrinking so that makes gaining more share tough.  But we still manage to make money and give raises (although not big ones ;), but it's something. And if the "future of SS" is scaled to the BS model, then it becomes pure greed at that point. I say this because of the content of their recent earnings call....they (SS) are doing quite well. Moving to the BS model means they want to do better by taking even more of our commissions.
« Last Edit: February 22, 2013, 17:11 by Mantis »

« Reply #70 on: February 22, 2013, 18:52 »
0
It could be that they are the only ones they want to keep. I wouldn't be surprised if those contributors hardly need to be inspected, so smaller players are probably more expensive for them. If smaller contributors are driven out they can reduce their numbers of inspectors and save more money.
In the end, it could be that only the factories will find micro worthwhile, and the rest of us will have to find a new home.
Where's KonaHawaii? :D

Oh come on __ do the numbers. Yuri, MB and all the 'factories' have barely 200K images between them. They don't even represent 1% of the library.
What per centage of sales do they represent?
[/quote]

Nothing like enough to be as influential as you seem to believe. "They're the only ones they want to keep" __ yeah, right! As Getty have just demonstrated with Sean, they can dispense with even the biggest players without a thought. The agency's strength, and our weakness, is precisely because we are so numerous and none of us is particularly important to them in the greater scheme of things.
« Last Edit: February 22, 2013, 18:55 by gostwyck »

« Reply #71 on: February 27, 2013, 18:37 »
0
wrong topic
« Last Edit: February 27, 2013, 19:50 by luissantos84 »

« Reply #72 on: February 27, 2013, 19:52 »
0
It could be that they are the only ones they want to keep. I wouldn't be surprised if those contributors hardly need to be inspected, so smaller players are probably more expensive for them. If smaller contributors are driven out they can reduce their numbers of inspectors and save more money.
In the end, it could be that only the factories will find micro worthwhile, and the rest of us will have to find a new home.
Where's KonaHawaii? :D

Oh come on __ do the numbers. Yuri, MB and all the 'factories' have barely 200K images between them. They don't even represent 1% of the library.
What per centage of sales do they represent?

Nothing like enough to be as influential as you seem to believe. "They're the only ones they want to keep" __ yeah, right! As Getty have just demonstrated with Sean, they can dispense with even the biggest players without a thought. The agency's strength, and our weakness, is precisely because we are so numerous and none of us is particularly important to them in the greater scheme of things.
[/quote]
Sure, but some are less unimportant than others, hence the difference in pay. The difference to me, is that I'll leave BS. You of course, with the bridge, have got the SS version of the golden handcuffs.
I doubt IS got rid of Sean without a thought.

« Reply #73 on: February 27, 2013, 20:12 »
0
I doubt IS got rid of Sean without a thought.

really? don't tell me they did it because Sean was making them less profitable ;D

iStock is a lost case, first the horrible deal for indies, now even exclusives are bailing out, do they have more contributors beside those two groups? they better find other variables or it will continue to sink

who is excited about iStock?

« Reply #74 on: May 08, 2013, 18:01 »
+4
We are still waiting for a fair increase to our per image royalties. Our cost have risen each year and our increase is long past overdue.

http://finance.yahoo.com/news/shutterstock-reports-first-quarter-2013-200500835.html

Shutterstock Reports First Quarter 2013 Financial Results
- Quarterly revenue increases 36% from prior year period to $51.1 million
- Adjusted EBITDA increases 136% to $11.8 million
- Quarterly image downloads increase 27% to 22.3 million
- Revenue per image download increases 8% to $2.29


 

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