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Author Topic: Shutterstock just became iStock 2.0  (Read 68241 times)

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« Reply #150 on: May 26, 2020, 15:08 »
+5
"Our new compensation model is designed to reward content creators for producing quality work that is fresh, relevant and in demand by our customers. By resetting the royalty levels each year, we aim to provide an avenue for contributors to be fairly rewarded for content that is performing well at the current time."

That's another way of restating the classic line: What have you done for me lately?

Or to translate it into byzantine Shutterstockian language:

Just because we sold a ton of your images/clips in the past and both you and we made lots of $$$ off of those ample sales for a decade or more it's all old news now. The only thing that we care about is what you're selling "at the current time." So buzz off, long-time contributor, and screw you. We don't need you any more.

« Last Edit: May 26, 2020, 15:12 by marthamarks »


« Reply #151 on: May 26, 2020, 15:08 »
+1
i have already opened pond5 exclusive account for videos


« Reply #152 on: May 26, 2020, 15:10 »
+6
Already removed my video portfolio from sale and images can go June 1st

They can eff off and the horse they rode in on  >:(

« Reply #153 on: May 26, 2020, 15:10 »
+6
10 cents is still much less than 38 cents it is just 25%, horrible. She actually confirmed it.

This is far more devious than it at first appears. If the largest subscription lets buyers pay 22 cents for a download, then even if you are in the 40% tier, you'd only be entitled to 8 cents for that download, generously rounded up to the minimum 10 cents, meaning everyone will be getting a huge number of 10 cent downloads not just in January, but all year long even after making thousands of sales. Basically, no matter your level, for subscription sales, "we are all in this together."

Why bother? This is the final nail in the coffin for SS contributors.

« Reply #154 on: May 26, 2020, 15:11 »
+5
All I can say is I'm glad I'm not depending on stock revenue.

Same here.

But I did enjoy having a bit of extra income for all these years all of it earned by doing something I loved to do. It was nice while it lasted.

« Reply #155 on: May 26, 2020, 15:18 »
+1
"When the new earnings structure goes into effect, the payout for subscription plans will not be less than 10."

« Reply #156 on: May 26, 2020, 15:18 »
+3
If we consider the Shutterstock Report First Quarter 2020 Earnings Results with statements like:

"We are well positioned financially with $296 million in cash and no debt. Our strong liquidity position combined with the progress we are making against our margin enhancement initiatives make us well positioned to meet our financial objectives when demand returns to historical levels," concluded by Jarrod Yahes, Chief Financial Officer.

it's time to ask: "For what shall it profit a man, if he shall gain the whole world, and lose his own soul?"Mark 8:36

Instead of just having faith act now! Protect your work. leave SS before end of month.

Link to report 1st Quarter 2020: (https://www.prnewswire.com/news-releases/shutterstock-reports-first-quarter-2020-financial-results-301048037.html)

Best regards

« Reply #157 on: May 26, 2020, 15:22 »
+3
its become clear from reading the ss forum that maths is not a photographers strong point

« Reply #158 on: May 26, 2020, 15:29 »
0
Can we sue them? Is there a possibility?
There are (in my case at least) 3-4 agencies I still work with.
I think the vast majority came to the bottom with patience and indulgence.
If there is someone who knows better, he can give us a hand.
For me, it is a closed road from now on.

And I was thinking of buying a new camera...

Noedelhap

  • www.colincramm.com

« Reply #159 on: May 26, 2020, 15:30 »
+8
Can we set up a crowdfund campaign, hire a lawer and sue these asses? Atleast a determined push to get everyone off SS and onto Adobe or Pond5 would be absolutely worth it.

Sent from my HD1901 using Tapatalk



Don't forget Pond5 is equally sucky. Hyperstock, their stupid "Townhall meeting" which turned out to be a unilateral way to announce a commission cut...no, Pond5 is a bad guy too.

It'll only be a matter of time before Adobe Stock is going the same route. Back in the day, Fotolia used to squeeze contributors, then Adobe took over and made it better again, but still: never trust any big company. They're there to make money, not to be our friends.

Noedelhap

  • www.colincramm.com

« Reply #160 on: May 26, 2020, 15:33 »
+5
Can we sue them? Is there a possibility?

Short answer: No.
Long answer:..............No.

« Reply #161 on: May 26, 2020, 15:35 »
+6
So.... Jon was done as CEO on April 1.  Covid-19 must have set them back a couple months, I'm surprized it took them 2 months to kick us in the knees.

The new CEO has a name, Stan Pavlovsky.  Right up there with Kelly Thompson and Jonathan Kline.

But money isn't going to be what makes us happy.  I should have listened the first time.

« Reply #162 on: May 26, 2020, 15:41 »
+2
Yes you could sue and maybe get an injunction. The injunction would put a temporary hold on them changing the payout structure. Would you win the case , not sure. It would cost you 10's of thousands dollars of legal fees for attorneys. Are you in....That's what I thought, as me most of us have not that kind of money. SS knows that and fears No  legal battle.

« Reply #163 on: May 26, 2020, 15:44 »
+17
Truly the most powerful way is to have a large enough group of people disable their port on June 1

« Reply #164 on: May 26, 2020, 15:48 »
+1
And *, they base this on 2020?  Has anyone had more than 10% of normal sales the past 8 weeks? 
F*ckers

« Reply #165 on: May 26, 2020, 15:51 »
+1
If people go bankrupt in January because of this, how does it help Shutterstock? Crazy idea to decrease people's earnings just after Christmas, when many have a big bill to pay. I left iStock, might as well go back now.

m

« Reply #166 on: May 26, 2020, 15:54 »
+1
Truly the most powerful way is to have a large enough group of people disable their port on June 1

I agree. I hope everyone is onboard.
and since you're in with Blackbox. Ask them too.


« Reply #167 on: May 26, 2020, 15:57 »
+5
And they rejecting 9 out of 10 video uploads really doesn't help you even dream of going up another tier. This is iStock 2.0 as the thread states with an even more perfected coldness by simply obliterating contributors by a thousand blows day by day.   The only solution is software that bypasses agencies and licenses contributor work by p2p letting all the little contributor island portfolios be connected.  I think this is coming with blockchain in the coming years including dustributed video hosting at a low price.

« Reply #168 on: May 26, 2020, 16:13 »
+3
I really hope you are right on this. Really tired of these abusive relationships with gangster companies.

And they rejecting 9 out of 10 video uploads really doesn't help you even dream of going up another tier. This is iStock 2.0 as the thread states with an even more perfected coldness by simply obliterating contributors by a thousand blows day by day.   The only solution is software that bypasses agencies and licenses contributor work by p2p letting all the little contributor island portfolios be connected.  I think this is coming with blockchain in the coming years including dustributed video hosting at a low price.

« Reply #169 on: May 26, 2020, 16:21 »
+2
Looks like Alamy and DT will get my editorial photos from now on. As for my commercial photos and videos, the choices are pretty clear.


« Reply #171 on: May 26, 2020, 16:35 »
+2
And they rejecting 9 out of 10 video uploads really doesn't help you even dream of going up another tier. This is iStock 2.0 as the thread states with an even more perfected coldness by simply obliterating contributors by a thousand blows day by day.   The only solution is software that bypasses agencies and licenses contributor work by p2p letting all the little contributor island portfolios be connected.  I think this is coming with blockchain in the coming years including dustributed video hosting at a low price.

I've been thinking exactly the same thing. Smart contracts on a decentralized hosting site. Maybe Theta or Coil or something?

« Reply #172 on: May 26, 2020, 16:51 »
+3
Look at there share price it going up today:
https://www.marketwatch.com/investing/stock/SSTK


Why not clicking there Adwords/Advertising at Google away?
yes lets hurt them by clicking 1 cent at a time

it is more than 1 cent and we can make them invisible at Google.
What will you do?
i dont know but i am not going to sit here for hours clicking their fuсking google ads link fuсk sake

hours? ;D If everyone of us will do this 2 times a day it will hurt them...  :-*

The company is worth almost $1.5b. You have no idea how little impact you'd have on them. By the time you'd found and clicked an advert they'd have probably made $5-10k in sales.

Just to go into more detail. If it was possible that you could click one of their ads once per second and it cost them exactly $1 per click, doing this 24/7 - 365, it would take 31 years to reach a $1b in clicks.

it only works if many contributor will do...

But maybe we better should do nothing ... ;D

Probably the better option is to buy many shares of STK, join other shareholder activists, and force all current management out. We would need like 15% voting shares to have any impact on the management.

« Reply #173 on: May 26, 2020, 16:53 »
+1
There are many many ideas to improve SS to be better.

And for sure this earning schedule is not one of them

I thought they will send us good news about fighting images spam or making better algorithm for displaying contents .

I am sure SS is smart enough to listen to their contributors and consider them partners of the success of SS otherwise they will lose a lot indeed.

« Reply #174 on: May 26, 2020, 16:54 »
+3
Terrible!


 

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