Quote from: pancaketom on May 14, 2012, 14:37

But don't forget that IS's stated goal is 20% and at least so far SS hasn't said that.

SS's goal is 25%.  

I don't know, by my calculations it's about 8%.  5 image pack for $49 = $9.8 per image.  They pay 81 cents at the lowest for small multi on demand sales which is about 8% right?  BTW what is the justification for paying different amounts for medium and large files when it looks like it costs the buyer the same amount to buy either?

So much for low overhead

http://voices.yahoo.com/cfo-tim-bixby-announces-departure-7126822.html?cat=3

According to Forbes magazine, Bixby served as Vice President of Finance for Universal Music & Video Distribution, Inc., from 1994 until 1999. Prior to joining Universal in 1992 as Associated Director, Bixby worked for Credit Suisse.

Bixby holds an M.B.A. from Harvard and A.B. from Dartmouth. His position with LivePerson is estimated to be worth $4.8 million in stock options as of 2009.

Quote from: cthoman on May 14, 2012, 14:40

Quote from: pancaketom on May 14, 2012, 14:37

But don't forget that IS's stated goal is 20% and at least so far SS hasn't said that.

SS's goal is 25%.  

I don't know, by my calculations it's about 8%.  5 image pack for $49 = $9.8 per image.  They pay 81 cents at the lowest for small multi on demand sales which is about 8% right?  BTW what is the justification for paying different amounts for medium and large files when it looks like it costs the buyer the same amount to buy either?

no, thats not correct

just spent a few minutes doing the contributor royalties % at SS (% between () from the lowest to the highest canister)

Subscription
a) 263$ for 750 downloads - 0.35$ each (71.4%, 94.2%, 102.8%, 108.5%)
b) 708$ for 2250 downloads -  0.314$ each (79.6%, 105%, 114.6%, 121%)
c) 1367$ for 4500 downloads - 0.303$ each (82.5%, 108.9%, 118.8%, 125.4%)
d) 2584$ for 9000 downloads - 0.287$ each (87.1%, 114.9%, 125.4%, 132.4%)

On Demand
- All sizes
a) 51$ for 5 downloads - 10.2$ each (18.4%, 24.3%, 26.4%, 27.9%)
b) 235$ for 25 downloads - 9.4$ each (20%, 26.3%, 28.7%, 30.3%)
- S and M sizes
a) 51$ for 12 downloads - 4.25$ each (18.9%, 25.1%, 27.5%, 29.1%)
b) 235$ for 60 downloads -  3.92$ each (20.6%, 27.3%, 29.8%, 31.6%)

EL
a) 201$ for 2 downloads - 100.5$ each (27.8%)
b) 455$ for 5 downloads - 91$ each (30.7%)
c) 1722$ for 25 downloads - 69$ each (40.5%)

P.S: a few minutes after posting this at SS forum it got removed

http://in.reuters.com/article/2012/05/14/net-us-shutterstock-brief-idINBRE84D0N320120514?feedType=RSS&feedName=internetNews

Reuters) - Online stock photography provider Shutterstock plans an initial public offering of common stock to raise up to $115 million.

Sources told Reuters earlier this month that Shutterstock, which competes with stock photo leader Getty Images, is close to filing for an IPO.

It owns a library of photographs and illustrations that customers can license and download through subscription deals.

Shutterstock is backed by entities affiliated with Insight Venture Partners and Pixel Holdings Inc. Shutterstock Chief Executive Jonathan Oringer is the sole shareholder of Pixel Holdings Inc, according to a regulatory filing with U.S. regulators on Monday.

Oringer � who hails from Westchester, New York � founded the company in 2003, uploading 30,000 stock photos to the site. The site currently has more than 19 million images.

It competes with other online marketplaces for imagery like iStockphoto, Fotolia and Dreamstime and traditional stock content providers such as Corbis Corp.

Getty Images was taken private by Hellman & Friedman for $2.4 billion in 2008.

For the year ended 2011, Shutterstock earned 21.8 million on a revenue of $120.2 million. More than 550,000 active, paying users contributed to revenue in 2011, representing an increase of 71 percent compared to the prior year.

The New York-based company told the U.S. Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, Deutsche Bank Securities and Jefferies were underwriting the IPO.

The filing did not reveal how many shares the company planned to sell or their expected price.

The company intends to list its common stock on the New York Stock Exchange under the symbol "SSTK".

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

(Reporting by Tanya Agrawal and Vidya P L Nathan in Bangalore; Editing by Joyjeet Das)

http://www.shutterstock.com/subscribe.mhtml
5 image pack is $49
http://submit.shutterstock.com/earnings_schedule.mhtml
second box down is: Images:
                              Multi-Image On Demand        $0.81 up to $1.24(once you make $10,000)
                              (Small/Med)
.81 is about 8% of $9.80 which is the price of 1 image in a 5 image pack while $1.24 is less than 13%.

NOP!

12 and 60 downloads, 5 and 25 downloads are the ALL SIZES

http://www.reuters.com/article/2012/05/14/idUS173640104520120514

"Shutterstock�s total revenue has grown from $61.1 million in 2009 to $83.0 million in 2010 and $120.3 million in 2011 � representing a compound annual growth rate of 40.3 percent since 2009, according to the S-1 filing.

The company will use money from the IPO for operational purposes, as well as possibly acquiring other companies that are strategic to its current business."

http://www.reuters.com/article/2012/05/14/idUS173640104520120514

"Shutterstock�s total revenue has grown from $61.1 million in 2009 to $83.0 million in 2010 and $120.3 million in 2011 � representing a compound annual growth rate of 40.3 percent since 2009, according to the S-1 filing.

The company will use money from the IPO for operational purposes, as well as possibly acquiring other companies that are strategic to its current business."

thanks for sharing    we do deserve a raise lol

I'm interested in buying a little.  Maybe everyone should buy a little.  It would be nice for contributors to have voice with ownership.  Imagine the annual shareholders meeting if some of the more opinionated Microstockgroup denizens showed up.    

http://www.reuters.com/article/2012/05/14/idUS173640104520120514

"Shutterstock�s total revenue has grown from $61.1 million in 2009 to $83.0 million in 2010 and $120.3 million in 2011 � representing a compound annual growth rate of 40.3 percent since 2009, according to the S-1 filing.

The company will use money from the IPO for operational purposes, as well as possibly acquiring other companies that are strategic to its current business."

delete

Quote from: luissantos84 on May 14, 2012, 15:47

Quote from: gbalex on May 14, 2012, 15:41

http://www.reuters.com/article/2012/05/14/idUS173640104520120514

"Shutterstock�s total revenue has grown from $61.1 million in 2009 to $83.0 million in 2010 and $120.3 million in 2011 � representing a compound annual growth rate of 40.3 percent since 2009, according to the S-1 filing.

The company will use money from the IPO for operational purposes, as well as possibly acquiring other companies that are strategic to its current business."

thanks for sharing    we do deserve a raise lol

"For the year ended 2011, Shutterstock earned 21.8 million on a revenue of $120.2 million. More than 550,000 active, paying users contributed to revenue in 2011, representing an increase of 71 percent compared to the prior year."

ok double raise

.81 is about 8% of $9.80 which is the price of 1 image in a 5 image pack while $1.24 is less than 13%.

I've never seen commissions that low. I'm almost always getting $2.85 for ODs. Maybe 1 in 100 is something less.

Quote from: traveler1116 on May 14, 2012, 15:33

.81 is about 8% of $9.80 which is the price of 1 image in a 5 image pack while $1.24 is less than 13%.

I've never seen commissions that low. I'm almost always getting $2.85 for ODs. Maybe 1 in 100 is something less.

I was wrong about the % because the .81 cents is only for the lowest level (under $500) small/medium multi image packs which don't appear to be offered on the site, hence the confusion.  Maybe they are offered in Europe or in a different part of the site that I couldn't find.

With knowing that SS gets about $3 per image sale though it should be easy to find out what percentage they pay out.

Quote from: Perry on May 14, 2012, 12:08

I don't like this a bit.

Soon SS is taken over by a group of suits, people who sees stock only as a commodity. Then they are going to maximize their profits. This has "iStock disaster" written all over it.

Inevitable. 

How I see it...

Jon wants to grow his business.  The 800-lb gorilla (iStock) has stumbled and there's big potential to swoop in and gobble up market share.  And/or he could have big plans to grow SS in some other significant way, such as a new product or service.  In either event, Jon needs money to invest in the business, either for major marketing initiatives to grow his market share, or to build out some new element that will create a new revenue stream.  These are the reasons companies do IPOs.

He surely has met with the investment community and described SS as a young business with nothing but growth in front of it.  No investor is going to put money into a business already at the top of its game with no growth strategy.  If Jon simply planned to cut contributor commissions and hope to deliver more profits through cost-cutting, the investment community would laugh him out of the room.  Investors put their money in when they think a company can gain share and/or get big revenue in a market that is growing.  

Increasing the bottom line through cost-cutting is what a desperate company does toward the end of its game.  It's certainly not the strategy for a company that is about to do an IPO.

Of course, if SS gets a lot of capital through its IPO, and down the line it does not deliver on its promises of growth, then the investors will be out for blood, and Jon may have to resort to whatever he can do to make the profit picture look good, i.e. cutting commissions.  But I think that's way down the road, and only if SS fails.  Based on what we all know about Jon and SS, we have little reason to expect this.