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Author Topic: Shutterstock just became iStock 2.0  (Read 72843 times)

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« Reply #725 on: June 05, 2020, 20:20 »
0
I'm glad that you're interested in stocks and stuff, I really am but, Wall Street is mostly a place where people lose money

Not necessarily true, and in fact most likely quite incorrect most of the time. Anyone that have bought almost any US equity since mid March when the market hit the bottom would have made a killing. Depending on the stock, such as airlines or cruise-lines, they could have double or tripled their money. The Nasdaq is already back to all time highs. Most of the big tech stocks are all at all time highs. A total market fund such as VTI will over the decades return on average 10% per year. The fact you need not lift a finger to get 10% blended back is incredible. My own portfolio is up 61% year to date. Anyway, this is quite off topic, but wealth can and should be built in the stock market, by dollar cost averaging into a total market fund, such as VTI.
« Last Edit: June 05, 2020, 20:23 by charged »


« Reply #726 on: June 07, 2020, 07:34 »
+1
I was curious to see what graphic designers thought about all this so I googled for top GD forums and took a look.
Surprise, I haven't found any topics related to new SS earning structure.

« Reply #727 on: June 07, 2020, 10:28 »
+3
A couple Facebook groups to join to link up with folks dedicated to pushing back on the Shutterstock commission cut. We're stronger unified.

Stock Submitter Coalition: https://www.facebook.com/groups/261369748434285/
Shutterstock Contributors Worldwide: https://www.facebook.com/groups/1686048705011055/

« Reply #728 on: June 07, 2020, 10:33 »
+4
A couple Facebook groups to join to link up with folks dedicated to pushing back on the Shutterstock commission cut. We're stronger unified.

Stock Submitter Coalition: https://www.facebook.com/groups/261369748434285/
Shutterstock Contributors Worldwide: ...

Stay with the first one! In Shutterstock Contributors Worldwide they've banned posts that are openly critical about SS or promote protest.

« Reply #729 on: June 07, 2020, 10:48 »
0
A couple Facebook groups to join to link up with folks dedicated to pushing back on the Shutterstock commission cut. We're stronger unified.

Stock Submitter Coalition: https://www.facebook.com/groups/261369748434285/
Shutterstock Contributors Worldwide: ...

Stay with the first one! In Shutterstock Contributors Worldwide they've banned posts that are openly critical about SS or promote protest.

Is that a SS managed group?

« Reply #730 on: June 07, 2020, 10:59 »
0
A couple Facebook groups to join to link up with folks dedicated to pushing back on the Shutterstock commission cut. We're stronger unified.

Stock Submitter Coalition: https://www.facebook.com/groups/261369748434285/
Shutterstock Contributors Worldwide: ...

Stay with the first one! In Shutterstock Contributors Worldwide they've banned posts that are openly critical about SS or promote protest.

Is that a SS managed group?

Not sure..  sometimes it almost seems to be. But maybe just the owner is aiming to get SS refferals, so doesn't want to defame SS

« Reply #731 on: June 07, 2020, 23:22 »
+1
I was curious to see what graphic designers thought about all this so I googled for top GD forums and took a look.
Surprise, I haven't found any topics related to new SS earning structure.
Maybe you could share some of these GD forum links and we all can start spreading the word there also. Politely and firmly

Sent from my HD1901 using Tapatalk


« Reply #732 on: June 08, 2020, 05:52 »
+1
I just got  SS July shooting list. I'm so happy

« Reply #733 on: June 08, 2020, 06:34 »
0
I like SS strategy, they always want to become pioneer.

There was an idiot and then shutterstock finds and challenges him.

And now you all can see they are now pioneer in it.

SID

« Reply #734 on: June 08, 2020, 06:43 »
+5
I spent a few days in June looking at how the income is developing.
Then I deactivated all my files.


For example, I have some very good selling unique pictures in my portfolio.
These pictures are not really copyable. They are standard images for their niche worldwide.
I deactivated my portfolio on Wednesday, June 3rd at Shutterstock.
These pictures are currently only available for licensing from AS.
Funnily enough, since Thursday I see a relatively strong increase in sales of these pictures at AS.
Well, there are always fluctuations.
If the sales of these pictures will increase permanently at AS will be interesting to see.


In my opinion, however, these special files are an important aspect of deactivation.
Deactivated standard pictures, of which I also have a lot, do not weigh that much.
But the unique files can hardly be replaced.
This also hurts Shutterstock although there are not that many files...

I will leave my files deactivated for a few months at most, but if nothing significant changes at Shutterstock, I will delete my account.

Don't let Shutterstock take away the fun of being creative.
There are always other ways to go.
Our creativity is our real capital.
Where this creativity can be bought, soon the standard-files buyers will also show up.

« Reply #735 on: June 08, 2020, 07:15 »
0
I was curious to see what graphic designers thought about all this so I googled for top GD forums and took a look.
Surprise, I haven't found any topics related to new SS earning structure.
Maybe you could share some of these GD forum links and we all can start spreading the word there also. Politely and firmly

Sent from my HD1901 using Tapatalk
https://www.ucreative.com/resources/top-5-graphic-design-forums/
But as I am not a part of graphic designers community I don't know a value of this list.

« Reply #736 on: June 08, 2020, 10:55 »
+4
https://petapixel.com/2020/06/08/is-this-the-end-of-microstock-photography/

Surprisingly seems pretty biased, have put in a comment to clear the air, would request that others drop them a comment as well. Maybe we can get an edited version thats more truthful

Sent from my HD1901 using Tapatalk


« Reply #737 on: June 08, 2020, 12:58 »
+4
https://petapixel.com/2020/06/08/is-this-the-end-of-microstock-photography/

Surprisingly seems pretty biased, have put in a comment to clear the air, would request that others drop them a comment as well. Maybe we can get an edited version thats more truthful


done

And I tweeted about the article earlier too

« Reply #738 on: June 08, 2020, 13:28 »
+5
More than biased, it draws conclusions that aren't remotely supported by the facts.  He claims or suggests most of the complaints come from artists with small portfolios or who lack talent, which I would dispute.  He makes the published percentages seem reasonable, without considering what they're percentages of.  He talks about Yuri Arcurs and all the money he makes/made from his photography, ignoring the costs associated with the high volume and quality production operation he ran.  My impression is that when revenues didn't stay far enough ahead of expenses, Yuri changed his operation fast, as well he might.  Looking at income without considering costs gives an incomplete if not wildly inaccurate picture of anybody's business.

None of us could know what the changes meant until they were put into place.  From my reading, those of us at higher levels might have expected a big hit on January 1st but to be okay until them.  Turns out we're not okay, although how bad things will get in January is still an open question.  I'm seeing a 30% cut in royalties right now; what it'll be next year is anybody's guess.  And that assumes they don't adjust the numbers to make things even worse.  I wouldn't put it past them.

« Reply #739 on: June 08, 2020, 14:05 »
+1
Back to about 5 pages ago when we were talking about earnings....

At the end of the quarter SS reported earnings and $300M in the bank resulting in dividend payout of .17 per share.

- I don't know how to find how many shares there are though!   Anyone know the number of shares in SS?  Multiply the shares by .17 and we know how much they paid ind dividends.  Then we will know what they currently have for cash. 

When the first quarter results were stated, the effects of the pandemic had barely been felt.  There wasn't much of a shift in their earnings.  Really, a much higher impact should be reported in the 2nd quarter as we are still very much in recovery.   

Edited to add:  Pandemic in America started mid-March.  Businesses that cancelled subscriptions wouldn't even be evident in first quarter earnings report!  This will be a bad quarter. 

Note - they will report earnings again at the end of this month, they surely had less income but it is also offset by lower royalties.

Content is starting to disappear, but what is happening to the content supply chain?  Can we see an effect yet on the numbers of new uploads?  I'm not sure how many days uploads were in pending at end of May, are they still working through the system.

I like the movement to suspend accounts on June 15, but WE REALLY SHOULD HAVE OUR CONTENT DISABLED AT MONTH END WHEN THEY REPORT THEIR NUMBERS TO SHAREHOLDERS.  It would be the first time the shareholders would see diminishing assets.



« Last Edit: June 08, 2020, 14:13 by Pixart »

« Reply #740 on: June 08, 2020, 14:35 »
+1

- I don't know how to find how many shares there are though!   Anyone know the number of shares in SS?  Multiply the shares by .17 and we know how much they paid ind dividends.  Then we will know what they currently have for cash. 


See here:
https://www.nasdaq.com/market-activity/stocks/sstk

Around 36 million shares, so paying that dividend cost them roughly 6 million.

« Reply #741 on: June 09, 2020, 07:54 »
+2
What SS should have done is make a big thing about how they have decided to care for their contributors and nurture the creativity and really brag about how its going to support the creative artists that pool their images etc etc. how they can get the best contributors etc etc. make it all about ethics etc etc (i could write pages on how to spin it). Then show that contributors will get fairly paid, ie 50% and how its worth customers paying a fair price to support an industry that will disappear otherwise.
SS play the ethical and supportive tune instead of the corporate cut it to the bone tune that nobody will win in the end. If you have great marketing people, companies will buy into it and support someone doing something ethical.
Sometimes human behaviour just disappoints me again and again, when it needn't be like that. Corporate greed is at the core of many problems in the world.


« Reply #742 on: June 09, 2020, 08:00 »
+3

« Reply #743 on: June 09, 2020, 12:38 »
0

« Reply #744 on: June 09, 2020, 22:05 »
+4
The leaders of Shutterstock have pulled the rug from under hard-working dedicated contributing creatives. On June 2020 its now offering the insulting income of .10 per download. Try and pay for your photography and video or computer equipment with that.

Creative professionals at one time made a living on stock photography/art. it has gone from full income to part-time and now its just a  hobby with Shutterstock

It is clear that Shutterstock is now crap!  But now I have to sell 4 times and much as I did last month to make the same income.

The big question is WHY would anyone upload one more image or video or artwork to Shutterstock. I shudder at the thought now! Just so these pigs can take advantage of creative people's hard work. Boycotting the site is the only option they giving creatives. They are not the only game in town. Truthfully I think there are so many other ways to an income online. I have started taking down all my art from Shutterstock and closing my account. 

I hope creative and designers stop allowing these jerks to treat creatives like slaves.

« Reply #745 on: June 09, 2020, 23:27 »
0
A couple Facebook groups to join to link up with folks dedicated to pushing back on the Shutterstock commission cut. We're stronger unified.

Stock Submitter Coalition: https://www.facebook.com/groups/261369748434285/
Shutterstock Contributors Worldwide: ...

Stay with the first one! In Shutterstock Contributors Worldwide they've banned posts that are openly critical about SS or promote protest.

Is that a SS managed group?


No, a contributor started it.

« Reply #746 on: June 09, 2020, 23:29 »
0
#boycottShutterstock
« Last Edit: June 10, 2020, 01:17 by FastRacer »

« Reply #747 on: June 10, 2020, 00:40 »
+6
A couple Facebook groups to join to link up with folks dedicated to pushing back on the Shutterstock commission cut. We're stronger unified.

Stock Submitter Coalition: https://www.facebook.com/groups/261369748434285/
...

This is the group that Jake Sorenson started. He'd asked me to help with moderation, which I have been.

This evening I removed myself as moderator when I saw (after another member complained about it) that the "Brand Ambasador" for Freepik Antonio Gravante had joined the group and been made an admin by Jake this morning.

I want nothing to do with Freepik - my concern is that somehow they are hoping to benefit from all this work leaving Shutterstock.

Jake is suggested that no one else was volunteering and Antonio did, so it's all good...

If you have an opinion, now'd be a great time to voice it. I think this will split the group

« Reply #748 on: June 10, 2020, 01:39 »
+3
A couple Facebook groups to join to link up with folks dedicated to pushing back on the Shutterstock commission cut. We're stronger unified.

Stock Submitter Coalition: https://www.facebook.com/groups/261369748434285/
...

This is the group that Jake Sorenson started. He'd asked me to help with moderation, which I have been.

This evening I removed myself as moderator when I saw (after another member complained about it) that the "Brand Ambasador" for Freepik Antonio Gravante had joined the group and been made an admin by Jake this morning.

I want nothing to do with Freepik - my concern is that somehow they are hoping to benefit from all this work leaving Shutterstock.

Jake is suggested that no one else was volunteering and Antonio did, so it's all good...

If you have an opinion, now'd be a great time to voice it. I think this will split the group


I expressed my disappointment and left the group. I wasnt too happy with the childish games people just kept suggesting to do to SS anyway. And the ridiculous graphics some are coming up with. Oh well. Im done with SS. Ill still do some tweeting for a little while.

« Reply #749 on: June 10, 2020, 02:47 »
+8
Any takers?

https://www.glassdoor.ca/Reviews/Shutterstock-Reviews-E270840.htm

shitterstocks reply to one negative employee

"Thanks for the feedback. Were confident that we have a strong strategy in place and were already seeing great results driven by new offerings such as Asset Assurance and by delivering creative solutions to support our customers in new ways as their needs are evolving. But were just getting started -- our customers can look forward to more offerings coming this year!"

The asshats have more plans to screw the contributors?  >:(

and I loved this one

"Cons

Exists in a state of perpetual confusion  - makes money despite itself not because of

Advice to Management

Go to business school and learn the basics"

Sounds about right :D
« Last Edit: June 10, 2020, 02:50 by Bad Robot »


 

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