Agency Based Discussion > VideoBlocks

Storyblocks closing the Marketplace section

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panicAttack:
so, as I see i have active marketplace, enterprise and third party platforms channels.

what this means for us who don't want to participate to partner program?

do we need to remove all videos? will storyblock to that for us?

cobalt:
full text:

For the past couple years, we’ve been hard at work trying to marry the needs of our members and contributors with the Marketplace. Our vision was simple: contributors get 100% of what they earn, and our members get great content at a fair price.

But for our members, an emerging market of creatives like freelancers, hobbyists and independent storytellers, this was anything but simple. Understanding what did and didn’t come with their subscription was complicated. These creatives want freedom of choice and flexibility, and we received overwhelming feedback that the Marketplace wasn’t for them. Less than 5% of our members were purchasing from the Marketplace, ultimately hurting contributors who were not able to earn enough.

Given member usage and the minimal earnings for our contributors, we have decided to close the Images Marketplace on September 10th. Until then, the Marketplace will remain active — you can find additional details here.

As we look to the future, we are committed to driving value for everyone — contributors and members alike. Our focus will be on an all-inclusive subscription experience that is easy to understand, is unrestrictive, and is in support of the Storyblocks mission: Helping a new generation of storytellers create more moving stories.

We want to extend a heartfelt thank you for working with us and supporting our community over the years.

All the best,
TJ
CEO, Storyblocks

cobalt:
from their website:

What Contributors Need to Know About the Marketplace Closing
August 8, 2019

Given the low member usage that ultimately led to minimal earnings for our contributors, we have decided to close both the Video and Images Marketplaces on September 10th, 2019. The Marketplaces will remain active until that date. In preparation for the closure, we’ve put together a list of important information related to how the Marketplaces closing will affect you and your content.

 

Q: What happens to my content after the Marketplace closes on September 10th?
A: On September 10th, customers will no longer be able to view or purchase Marketplace content. In the following weeks, we will be removing Marketplace content from our platform. Once content has been removed, you will no longer be able to view or access it in your account.

Q: What happens to my account after the Marketplace closes on September 10th?
A: You will still have access to your account. You will no longer be able to upload content, but you will be able to login to reference your personal information, data, and payout history.

Q: I have a pending payout scheduled to be issued after the Marketplace closes on September 10th. Will I still receive my payment?
A: Yes. You will still have access to your account, and we will issue all outstanding payouts even after the Marketplaces close. If your tax information has not been approved, we will work with you to ensure that you’re eligible to receive your payout. Please reach out to [email protected] if you need help completing your tax form.

Q: My pending payout does not meet the minimum threshold required to be paid out. Will I still receive my payment?
A: Yes. We have removed the minimum payout requirement to ensure that you receive all pending payouts successfully.

Q: I would like to submit my video content to the Member Library Partner Program. If my content is deleted, will I have to re-upload it?
A: If you’re interested in joining the Member Library Partner Program, please visit this page and click “Apply Now.” We are actively reviewing contributor portfolios for consideration in our Partner Program, and will reach out to you if you’re selected. If you have applied but we do not yet have space to opt in your content, we will keep your content in your account. This will prevent you from having to re-upload content if you’re selected.

Q: I am a current Member Library Partner Program contributor, but some of my content is still being distributed through the Marketplace. Can I add my Marketplace content to the Partner Program?
A: We work closely with our Partner Program contributors to select the content that will maximize earnings, and to ensure that our Member Library meets the needs of our customers. If we feel that your Marketplace content is a good fit for our library, we will reach out to you and keep your content in your account. Otherwise, your Marketplace content will be removed from our platform after the Marketplace closes on September 10th.

 

We hope this answers your questions. For more details, please reach out to us at [email protected].

increasingdifficulty:

--- Quote from: cobalt on August 08, 2019, 04:25 ---Is having content online such a burden? They could have closed the upload,but kept the files.

--- End quote ---

Yes, it's a big burden if you don't make enough money from it.

Depending on the size of the library, it can cost $10,000-200,000 per month to keep it online (or more, YouTube could be in the hundreds of millions per year range), and if sales don't cover that, there's obviously no point. Evidently, sales are now below or close to the storage costs, which means shrinking the library that doesn't make them any money is a rational business decision.

skitchy:
Has anybody joined the partner program? Does it pay? At all?

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