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Author Topic: Prices dropped for footage clips at SS  (Read 3964 times)

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« on: December 19, 2007, 04:54 »
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The reasons behind and the comments can be read at

SS thread

$10 Low Resolution (240px) formally $39 [$10 at istock]
$30 Standard Definition (480px) formally $99 [$30 at iStock]
$40 High Definition (720px) [$40 at iStock]
$50 High Definition (1080px) formally $159 [$50 at iStock]

I personally have 176 clips uploaded at SS and sales have been rather sporadiac. So now that is no reason not to upload these clips to Istock. I didn't spend that much on the camera and just bring it along when i am taking photos but it may be very bad news for those who bought HD videocameras.




« Reply #1 on: December 19, 2007, 11:22 »
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Footage on Shutterstock has done well for me. So far I've been averaging about five to six downloads per month, with a good mix of hd and full sd. I only have 240 clips there so far.

I was disappointed when I read about the price drop, but I really don't know what the ultimate outcome will be. Sales volume may, in fact, compensate for the reduced commissions, but only time will tell, and now there will be no way of knowing if sales would have increased at the former prices when SS started to take promotion of SS Footage seriously.

In any case, I doubt they will go back, now that it's been announced, so it's time to make the best of it. I have already applied to upload footage to istock, and will continue uploading to Pond5. I will also consider StockXpert Footage when they launch. The prices are all about the same now, and SS and IS offer the lowest commissions by far. (33% and 20% vs. 40% at StockXpert and 50% at P5)

With photos, I never minded uploading to multiple sites. IPTC data and rapid uploading made that easy. It takes hours to upload a single HD clip from my connection, and I don't look forward to repeating that process many times over several weeks, or even months! Still, once I get caught up, I guess it will be very similar to the way I have been working with stock photos.

Ultimately, I think SS may have shot themselves in the foot on this one. The only thing that set them apart from the competition is gone.

« Reply #2 on: December 21, 2007, 13:23 »
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This news is pretty shocking and says volumes.  This must be very bad news for those who produced volumes of work and invested in high quality equipment to produce superior clips for SS's promised premium market.

In effect SS lured those photographers in with the promise of fair prices and they in effect now have libraries of work that the other agencies do not have; because the photographers did not want to undercut their own prices by submitting to other low paying sites.

It is very interesting that SS did not advertise the videos all along essentially, making it very difficult for buyers to find the clips.  A small banner on the front page and very limited advertising.

It is even more interesting that SS is only now ramping up for a much needed advertising campaign while simultaneously cutting prices, now that they have the clips they they needed to support SS's advertising $$$.

Again this post speaks volumes and the timing is convenient indeed.

SS:  "This move is necessary to realign our product to our customer base. We've done the research. We're hiring the marketing and sales positions. We've increased budgeting for footage in all areas. "


 

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