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Author Topic: Shutterstock just became iStock 2.0  (Read 31219 times)

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Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #775 on: June 12, 2020, 09:39 »
+3
It looks like the earnings of the big players  will not drop that much.

They're going to get hit hard just like the others.  For most people selling images, the majority of sales are subs so moving from 0.38 down to an average of 0.2 or 0.12 is going to lose a chunk of money no matter how big you are.
The slight increases for the rarely sold other licences are unlikely to cover the huge drop from subs.

Sorry Richard, not so, the rarely sold licenses have dropped in half for me as well. Currently everything is about 50%, I'll give it a month and see what that number turns out to be, and after two months again, a longer period bit of observing. I was at 60% drop, but some higher subs came in.

Doesn't matter if it turns out to be 30% less, it's still less and the 10-12-14 subs are an insult on top of the already under rewarded commissions.



« Reply #776 on: June 12, 2020, 09:45 »
0
I was bracing for the worst when I saw the announcement, but so far, my June is looking better than June 2019. Yes, the .10 subs are awful, but I'm also seeing a high number of subs well over the usual .38 -- many over 1.00.  Video sales got off to a slow start, but now they're coming in at a nice pace.  And the dreaded 1.50 Clip Pack commissions are nowhere to be seen.  I'm seeing quite a few Clip Pack sales over 20.00 which rarely happened prior to the change.  So a mixed bag overall, but all in all it appears to be a net positive for my port. Everyone's mileage will vary, of course.

Still not looking forward to Jan 2021. The reset is an insult and needs to be changed.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #777 on: June 12, 2020, 09:55 »
+2
I was bracing for the worst when I saw the announcement, but so far, my June is looking better than June 2019. Yes, the .10 subs are awful, but I'm also seeing a high number of subs well over the usual .38 -- many over 1.00.  Video sales got off to a slow start, but now they're coming in at a nice pace.  And the dreaded 1.50 Clip Pack commissions are nowhere to be seen.  I'm seeing quite a few Clip Pack sales over 20.00 which rarely happened prior to the change.  So a mixed bag overall, but all in all it appears to be a net positive for my port. Everyone's mileage will vary, of course.

Still not looking forward to Jan 2021. The reset is an insult and needs to be changed.

I should have included, I have NO video on SS. I went exclusive on P5 when the $1.25 video downloads started.

Also the months of 2020 include no ELs which can throw off numbers in a big way. Mine as listed are Subs, OD and SO.

Maybe your images will hold up better against the cuts. I know mine are pretty "stock".  ;)

« Reply #778 on: June 12, 2020, 11:05 »
+8
... But my problem is, if I would boycott SS, I would have to do the same with...

I don't think that's the right way to look at this. It isn't just about some cents/download absolute number and above you stay, below you go.

If you left 123rf because their sales were rubbish, that'd be a fine reason. Or if you left some other agency because they wouldn't let you opt out of partnerships and some of those were a bad deal, that'd also be a fine reason.

The reason to consider boycotting Shutterstock is that they suddenly and drastically changed the portion of the buyers' money they keep and reduced the share you get. (For video producers, I think the big hit will come in January when everyone goes back to the basic level and their percentages drop).

Not only is that cutting into your income now, it's increasing the chances other agencies will follow suit, reducing your income everywhere.

Shutterstock's annual pay-up-front subscription, a new and even more heavily discounted subscription, reduced the theoretical minimum cost for the buyer to 22 cents an image. To enable this price cut they needed to do something about royalties or risk loosing up to $118 per month on each 750/month subscription. Looking at all the 10 downloads in people's royalty charts, I'd say those are popular options.

If those become the price point to compete with, other agencies will eventually be tempted to compete on price - if we don't hurt Shutterstock with no new uploads and portfolios leaving.

At the very least, stop uploading and send your new work elsewhere while you convince yourself that it is not in your longterm interest to just take whatever shrinking piece of the pie Shutterstock decides to let you have.

« Reply #779 on: June 12, 2020, 12:32 »
0
I had seen a link to a counter tool that was updating the total image count at Shutterstock during this movement, but I can't find it again.  Is anyone tracking the changes to their overall image count?  I've been doing it sporadically for about a week and it's only decreased by a little over a million so far (out of 324 million).

« Reply #780 on: June 12, 2020, 13:35 »
+4
I had seen a link to a counter tool that was updating the total image count at Shutterstock during this movement, but I can't find it again.  Is anyone tracking the changes to their overall image count?  I've been doing it sporadically for about a week and it's only decreased by a little over a million so far (out of 324 million).


Was it this one?

http://shuttercounter.ddns.net/

There's also a google sheet which automatically updates and has charts (click at the bottom)

https://docs.google.com/spreadsheets/d/1Sx80IDLCr0-1_ie1a17Rtm4m9fgUwglaxHdyNy2lDCc/edit?usp=sharing


reisegraf

  • ...a traveling photographer?

« Reply #781 on: June 13, 2020, 04:03 »
0
... But my problem is, if I would boycott SS, I would have to do the same with...

I don't think that's the right way to look at this. It isn't just about some cents/download absolute number and above you stay, below you go.

If you left 123rf because their sales were rubbish, that'd be a fine reason. Or if you left some other agency because they wouldn't let you opt out of partnerships and some of those were a bad deal, that'd also be a fine reason.

The reason to consider boycotting Shutterstock is that they suddenly and drastically changed the portion of the buyers' money they keep and reduced the share you get. (For video producers, I think the big hit will come in January when everyone goes back to the basic level and their percentages drop).

Not only is that cutting into your income now, it's increasing the chances other agencies will follow suit, reducing your income everywhere.

Shutterstock's annual pay-up-front subscription, a new and even more heavily discounted subscription, reduced the theoretical minimum cost for the buyer to 22 cents an image. To enable this price cut they needed to do something about royalties or risk loosing up to $118 per month on each 750/month subscription. Looking at all the 10 downloads in people's royalty charts, I'd say those are popular options.

If those become the price point to compete with, other agencies will eventually be tempted to compete on price - if we don't hurt Shutterstock with no new uploads and portfolios leaving.

At the very least, stop uploading and send your new work elsewhere while you convince yourself that it is not in your longterm interest to just take whatever shrinking piece of the pie Shutterstock decides to let you have.

thanks a lot jo ann for your valuable feedback!
...and yes, I'm definitely thinking about it and at the end of the month I'll decide how to proceed...

Mir

« Reply #782 on: June 13, 2020, 06:43 »
+2
I am looking at the new submissions daily from the beginning of June and it seems the quality is mostly quite bad. I wonder if it is like this just now or was it like that before the change.
Not to mention the many similar images, just one example is oak logo in fresh content  ::)
« Last Edit: June 13, 2020, 06:49 by Mir »

« Reply #783 on: June 15, 2020, 03:03 »
+4
Mines now done. Hopefully enough people overall will do it to make them care.

Sent from my ONEPLUS A6013 using Tapatalk


m

« Reply #784 on: June 15, 2020, 05:55 »
0
Any takers?

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

It seems like shutterstock cares about what goes on on glassdoor.  lot of honest reviews from submitters would be a good idea.

« Reply #785 on: June 17, 2020, 01:18 »
+2
I wonder who's gonna be iStock v3.0?

« Reply #786 on: June 18, 2020, 16:09 »
0
Amazing, they are going from bad to worse and seem to be loving it!

Hard to be worse than iStock but Shutter is trying. This is the worst but not the lowest paying. How does anybody stay with either of them?


 

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