Author Topic: Shutterstock passes $150 million in total contributor payments (Read 6581 times)

Sadstock · « **on:** April 09, 2013, 14:39 »

http://finance.yahoo.com/news/shutterstock-contributor-payouts-surpass-150-170000568.html

This does not seem like all that much in 10 years. I recall at one point Istock claimed it was paying $1.7 million a week (though I’m sure those days are long gone).

Also apparently Turkey is the hot new market
http://www.bloomberg.com/video/shutterstock-fills-companies-visual-needs-oringer-CppxVYZNQKqH~b~6KOQy0g.html?cmpid=yhoo

gostwyck · « **Reply #1 on:** April 09, 2013, 14:53 »

SS didn't open up to outside photographers until Nov 2004 so it is really only 8.5 years. Almost half of the total was probably paid out since 2011. From the financial data they've published I think that they are currently paying out about $3M per month.

Red Dove · « **Reply #2 on:** April 09, 2013, 15:23 »

Good for them.....However, a number like that does make it painfully clear that I'm at the "peanuts" end of the earnings scale.

Leo Blanchette · « **Reply #3 on:** April 09, 2013, 15:53 »

Thats awesome! How many contributors does it have?

cthoman · « **Reply #4 on:** April 09, 2013, 16:07 »

Quote from: Leo on April 09, 2013, 15:53

Thats awesome! How many contributors does it have?

Somewhere over 35K?

Sadstock · « **Reply #5 on:** April 09, 2013, 19:40 »

In video he says over 40k

ruxpriencdiam · « **Reply #6 on:** April 09, 2013, 20:16 »

Quote from: Sadstock on April 09, 2013, 14:39

http://finance.yahoo.com/news/shutterstock-contributor-payouts-surpass-150-170000568.html

This does not seem like all that much in 10 years. I recall at one point Istock claimed it was paying $1.7 million a week (though I’m sure those days are long gone).

Also apparently Turkey is the hot new market
http://www.bloomberg.com/video/shutterstock-fills-companies-visual-needs-oringer-CppxVYZNQKqH~b~6KOQy0g.html?cmpid=yhoo

Yesterdays news.

http://submit.shutterstock.com/forum/viewtopic.php?t=129686

fotografer · « **Reply #7 on:** April 10, 2013, 06:48 »

Quote from: Sadstock on April 09, 2013, 19:40

In video he says over 40k

Quote from: gostwyck on April 09, 2013, 14:53

I think that they are currently paying out about $3M per month.

So average payout is less that 75$ a month.

borg · « **Reply #8 on:** April 10, 2013, 07:28 »

The World loves Winners!

stockastic · « **Reply #9 on:** April 10, 2013, 14:21 »

The new investors are probably reading about this milestone and thinking "this has to stop. We need to start diverting some of this money from photographers' pockets to MY pockets.".

cobalt · « **Reply #10 on:** April 10, 2013, 14:31 »

If they do, we take our business elsewhere...never underestimate the power of online communities...much better to keep a good balance that allows everyone to win...

ruzgar344 · « **Reply #11 on:** April 10, 2013, 15:11 »

Good! I am Turkish and living in Istanbul. Hope I can do something good for Shutterstock and also for me.
Because I really love this company... I can sell sooo many images here... My personal thought: SS is the best of all...