[url]http://seekingalpha.com/article/3925086-shutterstock-sstk-jonathan-oringer-q4-2015-results-earnings-call-transcript?part=single[/url] ([url]http://seekingalpha.com/article/3925086-shutterstock-sstk-jonathan-oringer-q4-2015-results-earnings-call-transcript?part=single[/url])ù
Basically it looks like business as usual .....the apocalypse is postponed but the growth in images vs incomes means we will have to pedal faster to stay in the same place......or work smarter
Maybe you should upload that spectacular never-seen-before image of a birds flying in a heart-shape.
Bring on the noobs. I don't see any reason to be too concerned about them if you know what you're doing. Majority of them are inexperienced and have no idea what they're doing.
If they're good, so be it. We'll just have to be better.
Bring on the noobs. I don't see any reason to be too concerned about them if you know what you're doing. Majority of them are inexperienced and have no idea what they're doing.
If they're good, so be it. We'll just have to be better.
Yes that's reality.....and some of the less than newbies aren't as good as they think they are Darwin called it natural selection
Paid downloads increased 17% and revenue per download increased 10% which I suppose is bad news to some of the grumpy doom people here. Downloads increased. Artists sold more. We made more, as a group.
Right, the number of photos is diluting our earnings. This has been going on for 3 years. What's the news in that? When some of us here wrote of dilution in 2010 we got laughed at ridiculed and called names. Now it's news?
Paid downloads increased 17% and revenue per download increased 10% which I suppose is bad news to some of the grumpy doom people here. Downloads increased. Artists sold more. We made more, as a group.
Right, the number of photos is diluting our earnings. This has been going on for 3 years. What's the news in that? When some of us here wrote of dilution in 2010 we got laughed at ridiculed and called names. Now it's news?
The group doesn´t feed me. Only the money in my account is relevant to me. But for me stock is not a hobby, so I need reliable income not just money for gear.
The number of my share in the marketplace is an important number for my potential success. With one million new files a week, I simply don´t see how I can outshoot the flood even if I was able to produce a steady 100 files a week at the best quality ever. It will just get completely buried in the total oversupply, not just a needle in a haystack, but a drop in the ocean.
With this kind of flood, it doesn´t matter how good you are.
A few years ago agencies were accepting 50 000 a week, with 30 000 artists. That is a completely different work environment.
To ensure visibility, it is now necessary to focus on smaller collections, which is where everyone I know is going to.
Nothing wrong with that, basically macrostock is just reinventing itself, while the micros will be the places for the stock factories or the hobby crew.
SS benefits from that as well, how else can they market Offset? That will be the agency that has the content that is not ultra generic.
All of this has absolutely nothing to do with the stock price. If the pro artists move to Offset, it can only improve their bottom line and raise their share price.
So they do offer a solution for full timers, but it is offset, not SS.
I feel at this point shutterstock has become an artist scam site....nothing more. Make.... shutterstock bigger so they can say they are growing so ...in theory their market stock goes up. It is my opinion the only place shutterstock can take more money is from artist commissions. I'll let my old work ride until shutterstock in gone....but I'll never post a new item on shutterstock.
Well they offer a business plattform, they must have a target or user group in mind. Not just from the buyer side, but also a clear profile of the suppliers they want to attract.
I've spent a bit of time looking at the various places I work with to decide how to proceed for the year, plan shootings, genres and styles and I cannot really determine their profile.
Whoever it is, it is not people like me. Maybe for Offset, but not for SS.
I don't expect them to change anything either, I just have to put my main efforts into the sites that target the fulltimers.
They do target fulltimers or at least the top earners, big producers and factories. They get special treatment under the name of Premier Select, invite only.
They do target fulltimers or at least the top earners, big producers and factories. They get special treatment under the name of Premier Select, invite only.
I agree, if you are a stock factory they will probably negotiate something special for you. Nothing wrong with that.
1 million files a week and less overall growth than library growth (30% versus 53% increase) is not a good sign for me and my little stock shop.For the artists, this is basically negative growth or just keeping things steady if you increase your output.
"i think you are both correct in this suspicion of what others will call unlevel field favourism.
because last summer at a motorsport event i remember talking with some of the credential photogs
there who also told me they are like special stringers for photo agency.
they got invited to sign some special arrangement and they submit all without review, all go straight into their portfolio instantly. "
Interesting as I believe in the last Teleconference it was stated that every image was inspected by SS .....misleading shareholders is taken quite seriously.......
" Overall, we now have over 100,000 contributors submitting content, almost 1 million pieces of content per week. And despite the significant quantity of submissions we receive daily,we still review every single piece of the content to ensure it meets the rigorous qualitystandards we have implemented."
"i think you are both correct in this suspicion of what others will call unlevel field favourism.
because last summer at a motorsport event i remember talking with some of the credential photogs
there who also told me they are like special stringers for photo agency.
they got invited to sign some special arrangement and they submit all without review, all go straight into their portfolio instantly. "
Interesting as I believe in the last Teleconference it was stated that every image was inspected by SS .....misleading shareholders is taken quite seriously.......
" Overall, we now have over 100,000 contributors submitting content, almost 1 million pieces of content per week. And despite the significant quantity of submissions we receive daily, we still review every single piece of the content to ensure it meets the rigorous quality standards we have implemented."
[url]http://seekingalpha.com/article/3925086-shutterstock-sstk-jonathan-oringer-q4-2015-results-earnings-call-transcript?part=single[/url] ([url]http://seekingalpha.com/article/3925086-shutterstock-sstk-jonathan-oringer-q4-2015-results-earnings-call-transcript?part=single[/url])
Basically it looks like business as usual .....the apocalypse is postponed but the growth in images vs incomes means we will have to pedal faster to stay in the same place......or work smarter
I agree the inspection process is flawed but it doesn't mean they are not inspected.....[url]http://seekingalpha.com/article/3925086-shutterstock-sstk-jonathan-oringer-q4-2015-results-earnings-call-transcript?part=single[/url] ([url]http://seekingalpha.com/article/3925086-shutterstock-sstk-jonathan-oringer-q4-2015-results-earnings-call-transcript?part=single[/url])
Basically it looks like business as usual .....the apocalypse is postponed but the growth in images vs incomes means we will have to pedal faster to stay in the same place......or work smarter
Wright... And as he said on page two: "And despite the significant quantity of submissions we receive daily, we still review every single piece of the content to ensure it meets the rigorous quality standards we have implemented." I really don't agree with that. A lot of junk is added every day, I mean if you just make a regular search, you'll know what I mean exactly.
For them it is maybe a good sales increase, but for us, the contributors, is a total loss, because we are not any more visible in search, as we were before year 2015. And I am not talking about quality, I am sure we all are getting better, but about quantity...
[url]http://seekingalpha.com/article/3925086-shutterstock-sstk-jonathan-oringer-q4-2015-results-earnings-call-transcript?part=single[/url] ([url]http://seekingalpha.com/article/3925086-shutterstock-sstk-jonathan-oringer-q4-2015-results-earnings-call-transcript?part=single[/url])
Basically it looks like business as usual .....the apocalypse is postponed but the growth in images vs incomes means we will have to pedal faster to stay in the same place......or work smarter