MicrostockGroup
Agency Based Discussion => Shutterstock.com => Topic started by: leaf on November 14, 2011, 10:19
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I tweeted about it (http://twitter.com/#!/microstockgroup)while at the Microstock Expo but the full details have just been released
Shutterstock Footage is pleased to tell you about an exciting increase in commissions for all stock footage sales expected in December of this year.
In order to attract the best available footage content, we're raising our prices. We're also moving away from a royalty structure that mixes a percentage-based earnings model (30%) and fixed payouts ($2.50 USD, $8.00, $13.25) to a consistent percentage-based model (30%) for all commissions.
Taken together with the price increase, this means all commissions will go up. You can now earn up to $23.70 USD per HD clip download! In addition, we're increasing our marketing efforts to introduce more customers to your great work.
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Fantastic news! Love it.
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I don't have many clips, but I do have one that sold fairly consistently for a year or 2. I was pretty saddened when they dropped the commissions (and I think they dropped them too much). Perhaps this will re-balance things a bit.
This does vaguely imply that we make under 30% on sub sales. I'd really like to see the regular subs commission go up.
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...This does vaguely imply that we make under 30% on sub sales. I'd really like to see the regular subs commission go up.
Did I miss something?
... In order to attract the best available footage content, we're raising our prices. We're also moving away from a royalty structure that mixes a percentage-based earnings model (30%) and fixed payouts ($2.50 USD, $8.00, $13.25) to a consistent percentage-based model (30%) for all commissions.
Taken together with the price increase, this means all commissions will go up. You can now earn up to $23.70 USD per HD clip download! In addition, we're increasing our marketing efforts to introduce more customers to your great work.
This sounds really good to me. Can't remember the last time when any other agency notified its contributors with new like that.
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So they're raising the price of a single HD clip from $50 to $79? That's more than a 50% price hike; I sure hope they know what they're doing.
I wonder what this means for footage sub sales? Right now, the largest subscription gives a 20% discount off of the single HD clip price. If that continues to hold true, that would put the lowest price of an HD sub at $63.20, giving us a commission of $18.96 (instead of the current $15).
Sounds good ... if buyers can stomach such a large increase. On the bright side, if the higher prices stick, maybe contributors on the sites where you set your own prices will stop pricing their HD clips at $15, $20, $25. Idiots.
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I never understood how one could sell HD clips on Pond5 for less than $50 unless it was poor footage or an extremely simple animation.
I just stood in front of an 80" HDTV last weekend and I have to say that HD is worth more than what most Microstock agencies are asking for IMO.
That doesn't mean that a 6 sec. clip should cost $500 but between $50 to $100 is fair I'd say. IS selling footage just fine, priced at roughly $90 a pop. I don't think SS's new prices will scare buyers away. The footage market is still pretty young and for good footage I'm sure the buyers are willing to pay $80.
Just imagine how much any client would have to pay for a shoot to get the same results?
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I don 't shoot video, but I am very happy for those who do. And of course increased royalties are a welcome sign for the industry as a whole. It's good to see SS taking such a different approach to some of their competitors.
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I don 't shoot video, but I am very happy for those who do. And of course increased royalties are a welcome sign for the industry as a whole. It's good to see SS taking such a different approach to some of their competitors.
Next up? Photogs & Illustrators perhaps? What a perfect storm that would create.
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I don 't shoot video, but I am very happy for those who do. And of course increased royalties are a welcome sign for the industry as a whole. It's good to see SS taking such a different approach to some of their competitors.
Next up? Photogs & Illustrators perhaps? What a perfect storm that would create.
I sure hope so! An across the board raise would be great, or alternatively, an additional higher tier above the existing .38 one.
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I sure hope so! An across the board raise would be great, or alternatively, an additional higher tier above the existing .38 one.
That would be great. 2 or 3 more tiers would make sense and keep long standing contributors motivated to continue uploading.
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I don 't shoot video, but I am very happy for those who do. And of course increased royalties are a welcome sign for the industry as a whole. It's good to see SS taking such a different approach to some of their competitors.
Next up? Photogs & Illustrators perhaps? What a perfect storm that would create.
I sure hope so! An across the board raise would be great, or alternatively, an additional higher tier above the existing .38 one.
Shutterstocks video prices and commissions were so far below the leader in that space ( pond5 ) that i think they realized they need to pay more to get content. The great thing about SS footage is that they do sell well, so we will have to see if the price increase causes a problem. My feeling is that it won't be a problem, because as click click says, the cost for stock vs shooting is huge. Also, at SS the turnaround for footage approval can be measured in hours. At IS, it can easily take 3 months for approval. I really feel that footage is a great future market, and even now footage sales at SS run about 25% of the monthly total.
Unfortunately, I don't think that they are playing catch up with still images, so I can't see any reason for them to increase payouts, although I wish they would. If I had to pick only one site to sell on, it would be SS without a doubt.
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Hi...if you are a videographer and are looking to increase your sales, please let me introduce myself. My name is Tom Spota and I am the Director of Video Acquisition at Shutterstock Footage (http://footage.shutterstock.com/ (http://footage.shutterstock.com/)). If you are an existing videographer with a large collection of clips that you’re ready to upload for review, we want to simplify that process for you. If you plan to upload 500 or more clips, email us at [email protected] and let us know how many clips you have and what type of content it is (business, lifestyle, animation, etc.). If you have a link to your work online, please provide it. Based on the nature of your request, we may be able to provide some submission assistance.
Please email us and I would be happy to answer any questions you might have. ;)
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Sorry ShutterStock but I Make $47.00 on a 1080HD download at istock.
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Sorry ShutterStock but I Make $47.00 on a 1080HD download at istock.
I make less per download at SS, but I make 5 times as much as at IS. The videos are up and selling often the same day as posted. Between SS, Pond5 and Revostock, IS is just an afterthought at this point. I wish that were not the case- I think they have a chance to dominate the video market, but 2 months for a review, and the archaic upload system make it seem as though they really don't take it seriously. Aand they really need to cull some of the really awful footage from the days when they would take anything. It makes the collection look amateurish.
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I am glad SS footage is working well for you! I am exclusive to IS on the video side and I have been since they started. I have been able to quit my day job because of iStock and have been doing it full-time for over 1.5 years. I still feel iStock has one of the highest quality collections out there! I look often at other sites as well. I am not holding a candle for iStock it is just working for me. I am super glad for the news of increase for video at SS, that is great news for the many who work hard and deserve decent commission.