pancakes

MicrostockGroup Sponsors


Poll

With new earning structure made by Shutterstock will you disable your portfolio?

Disable photo and video
130 (47.3%)
Disable only photo
15 (5.5%)
Disable only video
21 (7.6%)
Disable nothing
76 (27.6%)
Quit Shutterstock
33 (12%)

Total Members Voted: 266

Author Topic: With new earning structure made by Shutterstock will you disable your portfolio?  (Read 32900 times)

0 Members and 1 Guest are viewing this topic.

H2O

« Reply #150 on: June 02, 2020, 16:32 »
+6
By the end of the year, shutterstock will be on it's knees.

Thousands of Portfolio's are being deleted at this moment along with thousands being disabled, this along with no new sign up's, who is going to work for 10c, means they are going to go crashing out of the market.

Anyone in this market is going to be bad mouthing them to every client they have, along with recommending every other Agency but them.

As a old saying goes, Money Talks, Talent Walks, I know this means something different, but in a convoluted way it sums up what is happening to them.



« Reply #151 on: June 02, 2020, 16:40 »
+4
I disabled my videos and will go for exclusivity on pond5 as soon as shutterstock clears all my videos.
« Last Edit: June 02, 2020, 16:42 by theendup »

« Reply #152 on: June 02, 2020, 17:30 »
+1
OK my pay period ended my earnings zeroed out and my earnings are now being calculated. Is it safe to disable my portfolio now that the pay period is over? I'm concerned after reading this on Shutterstock's site (attachment). They owe me close to $300. I'm very anxious to disable my portfolio and get out of there. I'm seeing several 10 cent downloads.

una

« Reply #153 on: June 02, 2020, 18:20 »
+6
I don't know. Just in case I disabled my videos and I will disable pictures after payout. I was at 0.38, it is disgracefully low now. This is humiliating. Absolutely unacceptable!
   

OM

« Reply #154 on: June 02, 2020, 18:48 »
+6
Waiting until the May payment is on the bank, then disable port...only photos no video(thank goodness).

Gone from $300-400/month in 2015/16 to $100/month now. Half or one third of that is unacceptable and I'm not going to let them earn off me to that extent.
Hopefully if enough of their contributor base denies them the ability to make out like bandits from their hard work, their buyers will desert in droves due to lack of decent content. Then the senior execs don't get their bonus which is what it's all about anyway.

« Reply #155 on: June 02, 2020, 19:05 »
+13
Just a little remark - on the positive side, this time:
In our German speaking forums, someone's started jotting down the total amount of images available on Shutterstock at a given time. (You get the data in real time, if you use the search box without entering a keyword.)
Between yesterday in the morning (MET) and now (1:52 am) - so, a little more than 12 hours - almost 140,000 images have been deleted or disabled. (Actually even more, given that there are still people who upload instead.) Not (yet) enough to hurt them, but sure for a clear signal in their direction. :)
« Last Edit: June 02, 2020, 19:09 by Anja_Kaiser »

« Reply #156 on: June 02, 2020, 19:07 »
+1
Just a little remark - on the positive side, this time:
In our German speaking forums, someone's started jotting down the total amount of images available on Shutterstock at a given time. (You get the data in real time, if you use the search box without entering a keyword.)
Between yesterday in the morning (MET) and now (1:52 am) - so, a little more than 12 hours - almost 140,000 images have been deleted or disabled. Not (yet) enough to hurt them, but sure for a clear signal in their direction. :)

And you can add that on a normal day it should be rising by about 200.000. Let's say, by 100.000 in half a day.

« Reply #157 on: June 02, 2020, 19:07 »
0
.

« Reply #158 on: June 02, 2020, 19:10 »
+3
Just a little remark - on the positive side, this time:
In our German speaking forums, someone's started jotting down the total amount of images available on Shutterstock at a given time. (You get the data in real time, if you use the search box without entering a keyword.)
Between yesterday in the morning (MET) and now (1:52 am) - so, a little more than 12 hours - almost 140,000 images have been deleted or disabled. Not (yet) enough to hurt them, but sure for a clear signal in their direction. :)

And you can add that on a normal day it should be rising by about 200.000. Let's say, by 100.000 in half a day.
I just thought the same and edited my post accordingly while you were writing.  ;D

« Reply #159 on: June 02, 2020, 20:46 »
+8
I have nearly $60K in lifetime sales. I see that on most of my image sales these first two days of June I am making 10 cents. TEN CENTS! Two days ago the minimum I made was 38 cents. I felt I was being taken advantage of then. Now I feel completely violated. I will almost certainly be deleting my account and have already decided to stop uploading. I used to recommend many people to SS. Now I will suggest they avoid it, unless of course they like being a low end prostitute. This is awful and just not right.

« Reply #160 on: June 02, 2020, 21:06 »
+12
Done. Just disabled my whole portfolio. It felt so empowering to be able to have integrity and exercise it. I can certainly live without $0.10 a download. First they showed me that they dont need me when they cut my royalty by 2/3 and so I showed them that I need them even less when I walked completely. Good riddens and peace out.
« Last Edit: June 02, 2020, 21:08 by OptOut »

PaulieWalnuts

  • We Have Exciting News For You
« Reply #161 on: June 02, 2020, 21:08 »
+6
Already disabled. 10 cent sales. No thanks.

B8

« Reply #162 on: June 02, 2020, 21:14 »
+5
Just pulled all of mine. 0 love loss there. Bye bye Shuttercrook.

« Reply #163 on: June 02, 2020, 21:32 »
+7
There's a new thread that appeared on Russian contributors forum called "Who disabled their portfolios? How big was it?". And wow, it's already 7 pages long! And most of disabled portfolios are just massive!!! (10k+, 25k+, 50k+). I'm impressed.
if russian speaking community was somewhat passive a few days ago, its not anymore.  ;)


SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #164 on: June 02, 2020, 22:14 »
+2
Checked the numbers on the 27th of May and again today... total images on SS have increased by 0.2%, and total videos have decreased by 0.36%. Just an FYI.

« Reply #165 on: June 02, 2020, 22:55 »
0
Just pulled all of mine. 0 love loss there. Bye bye Shuttercrook.

SHUTTERCROOK! Hey, that's every bit as good as SHITTERSTOCK!!

Thanks for pulling your port. It's nice to see our community standing together.

« Reply #166 on: June 02, 2020, 23:22 »
+15
Wind of portfolios being disabled has reached the investor community - in a Seeking Alpha article about Shutterstock's dividend. I submitted a comment explaining that the fury and exodus of portfolios is very real

https://seekingalpha.com/news/3579529-shutterstock-goes-ex-dividend-tomorrow

Anyone else want to help investors understand how Shutterstock's idiot move has damaged the company?


« Reply #167 on: June 03, 2020, 01:57 »
+4
Disabled mine...bye bye Shutterstock

Snow

« Reply #168 on: June 03, 2020, 02:24 »
+1
OK my pay period ended my earnings zeroed out and my earnings are now being calculated. Is it safe to disable my portfolio now that the pay period is over? I'm concerned after reading this on Shutterstock's site (attachment). They owe me close to $300. I'm very anxious to disable my portfolio and get out of there. I'm seeing several 10 cent downloads.

While I have already disabled my video port I dont want to give them any reason to withold my money which is a few hundred (coming from over 1k a few years ago go figure)
While I hate seeing those 0.10 sales dropping in I am also going to wait until payout. If Im lucky I will have already reached 35 dollars again and I can disable my portfolio while lowering payout setting to 35. Should they then continue to act like crooks they can keep those 35 dollars.
Its good to see people are trying to be as tactical as they are.

B8

« Reply #169 on: June 03, 2020, 03:16 »
+1
Checked the numbers on the 27th of May and again today... total images on SS have increased by 0.2%, and total videos have decreased by 0.36%. Just an FYI.


I doubt those counters are a reflection of anything in regards to the vast number of contributors now either pulling their portfolios or shutting down their Shutterstench accounts completely. Its probably just a simple running counter that counts the total number of images and videos that have been uploaded since the beginning and it doesnt reflect when images and videos get removed from the archive.

I think over the long term the reality is that Shutterstingy will end up losing about 50% of its contributors from this pressing of the self-destruct button. Greed has often been the cause of demise in many instances throughout world history. This event will likely prove to be another reconfirmation of that narrative. Or a more simplified and philosophical way of looking at it: Karma is only a b*tch when you are.

« Reply #170 on: June 03, 2020, 03:19 »
+3
Just a little remark - on the positive side, this time:
In our German speaking forums, someone's started jotting down the total amount of images available on Shutterstock at a given time. (You get the data in real time, if you use the search box without entering a keyword.)
Between yesterday in the morning (MET) and now (1:52 am) - so, a little more than 12 hours - almost 140,000 images have been deleted or disabled. Not (yet) enough to hurt them, but sure for a clear signal in their direction. :)

And you can add that on a normal day it should be rising by about 200.000. Let's say, by 100.000 in half a day.

It has been around 170.000 images that have been deactivated or deleted between yesterday and today, if my math is correctly, but despite people deleting/deactivating images, there are still more images added daily than deleted.
I seriously doubt that Shutterstock cares. The number has been growing way too fast anyways and you could tell from the yearly sales reports that it has no real influence on SS's income and contributors' earnings. More images in the database simply does not mean more customers/sales. Customers still buy the images they need and whether they have a selection of 1000 images of sunflowers or 10.000 images to pick from makes no difference to them. They'll find one suitable among 1000 already, they don't need a selection of 10.000 and a bigger selection won't make them buy more sunflower images if one is all they need.
That's why I feel like, as long as the overall number of images is still going up, SS will not really care. They might even welcome the slower growth. The recent changes in the similar image rules and, at least what I hear from other contributors, overall more stricter reviews, make it seem like gaining as many new images as possible is not their prefered strategy anymore.
« Last Edit: June 03, 2020, 05:40 by Firn »

« Reply #171 on: June 03, 2020, 04:01 »
0
24h after I disabled the account, my images are still online.

« Reply #172 on: June 03, 2020, 04:14 »
+1
24h after I disabled the account, my images are still online.

They will be gone soon (for me it took about 2 days).

« Reply #173 on: June 03, 2020, 04:18 »
+3
Wind of portfolios being disabled has reached the investor community - in a Seeking Alpha article about Shutterstock's dividend. I submitted a comment explaining that the fury and exodus of portfolios is very real

https://seekingalpha.com/news/3579529-shutterstock-goes-ex-dividend-tomorrow

Anyone else want to help investors understand how Shutterstock's idiot move has damaged the company?
Amazing Jo Ann, seems the investing community is taking notice. The shared intelligence bit is very true and at this time when the indexes themselves seem overbought investors will be wary of where they invest.

Warren buffet and many other big investors have moved to cash holding and others will do so too if they find any hint of weakness in a stock.

Sent from my HD1901 using Tapatalk


« Reply #174 on: June 03, 2020, 05:37 »
0
Just a little remark - on the positive side, this time:
In our German speaking forums, someone's started jotting down the total amount of images available on Shutterstock at a given time. (You get the data in real time, if you use the search box without entering a keyword.)
Between yesterday in the morning (MET) and now (1:52 am) - so, a little more than 12 hours - almost 140,000 images have been deleted or disabled. Not (yet) enough to hurt them, but sure for a clear signal in their direction. :)

And you can add that on a normal day it should be rising by about 200.000. Let's say, by 100.000 in half a day.

It has been a around 170.000 images that have been deactivated or deleted between yesterday and today, if my math is correctly, but despite people deleting/deactivating images, there are still more images added daily than deleted.
I seriously doubt that Shutterstock cares. The number has been growing way too fast anyways and you could tell from the yearly sales reports that it has no real influence on SS's income and contributors' earnings. More images in the database simply does not mean more customers/sales. Customers still buy the images they need and whether they have a selection of 1000 images of sunflowers or 10.000 images to pick from makes no difference to them. They'll find one suitable among 1000 already, they don't need a selection of 10.000.
That's why I feel like, as long as the overall number of images is still going up, SS will not really care. They might even welcome the slower growth. The recent changes in the similar image rules and, at least what I hear from other contributors, overall more stricter reviews, make it seem like gaining as many new images as possible is not their prefered strategy anymore.

From what I see, Sutterstock's image database schrunk with roughly 300.000 images since end of May, which is peanuts by the way.

I think you are right with your assumption on Shutterstock betting that their existing database, which is highly competitive in nearly every segment, is fine as it is to cover existing demand. The rejection issues that many contributors experienced over the last past months, and the passive attitude from Shutterstock on that matter really says a lot. They don't want that massive growth anymore. We all gave them a big fat cow and they decided it's time to milk it very aggressively.

For newer content and coverage of new trends, I think they will rely on selected top contributors by offering them different and more rewarding deals.



 

Related Topics

  Subject / Started by Replies Last post
8 Replies
7122 Views
Last post January 12, 2009, 13:23
by jsnover
1 Replies
1844 Views
Last post March 04, 2014, 12:11
by OM
11 Replies
3949 Views
Last post April 13, 2015, 23:58
by Me
14 Replies
6509 Views
Last post February 05, 2021, 11:18
by Uncle Pete
3 Replies
2090 Views
Last post May 27, 2020, 10:59
by Jo Ann Snover

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors

3100 Posing Cards Bundle