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Kate Shutterstock

New earnings structure for Contributors

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1 minute ago, Michael Warwick said:

Yes, and I wonder what they will tell shareholders on the next quarterly report. I can't believe they are getting any new downloads and it would be nice if they lost half of their database images.

They think that they will sell our old images but they dont realize that each month there is a new trands. Nobody will not buy the same picture. For example pictures of the same "Doctor" there must be always fresh content

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I really can't understand what the expectations are from a business point of view after such a heavy change.
Such a decrease in the economic reward reserved for contributors will of course and in a short time result in a mass flight of the contributors to other stock sites.
And if contributors move, the buyers' market will move too sooner or later.
I really would like to be in the head of those who had this brilliant idea at SS, to understand what they imagine it will happen now.

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I have been trying to figure out why the seemingly random numbers and why high level contributors (much higher than me) receive such low amounts. I am not sure this is accurate, but it mostly matches my sales so far in level 3 and what I am seeing from others including level 4 and 5 folks who are getting 10 cents. If I am correct, or even close to it, being in level 5 or even 6 will still see 10-12 cent sales. (Those noted in red would be the 10 cent minimum)

image.png.0aba64a319e034109e8419d91af950fb.png

image.png.98d0b20d64bdf65e89607e009cd7841f.png

 

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3 hours ago, Rodrigo Lira said:

Any "big player" (thousands of photos) deleting their portfolio right now? 🤔

I started by not uploading new vectors on SS.

And decide to give them 5 working days to solve this "level calculations" bug. In a name of previous 6 years.

If they don't fix it we don't have anything to speak about.

10¢ is absolutely unacceptable and my 15K portfolio will be opt out.


 

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This is a nightmare, it can't be real! Level 5 and my earnings today $ 3.54. 18 S&O and 2 subscriptions.

I've been waiting all day for an explanation. How is it possible that there are more S&O than subscriptions and with those commissions? I will wait one more day and if there are no changes I will deactivate my portfolio.

I wish the big stock producers did the same, they would be able to put pressure on Shutterstock.

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2 hours ago, Rick Lohre said:

Dang, so I read the letter, but understood it to take effect Jan 1 not June 1. WTF!?!? My daily earnings thus far have been cut to 10x less!!! And more and more "Single & Other" than previous. Again, if you can afford to, shut down your licensing and hit them where it hurts. If you take away the donuts, the bakery can not survive. 

That's exactly what I will do. I'm just waiting for last month's payout and to see the average in a month from this bullshit. For sure I'll disable my port.

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Everyone stop and read this. Its very important. Continue to quote it so that it doesn't get buried in the forum and others will see it. Many members of the Stock Submitters Coalition (the new coalition created to fight changes like these and you can join here: https://www.facebook.com/groups/261369748434285/ ) have reported to us that they received a communication from Shutterstock wanting them to sign a separate deal that will allow them to stay at what they said was the current percentage (Im assuming that means the previous structure) until the end of January and then they would be taken down to level 1 like everyone else. They are hoping to quell the rebellion by throwing a carrot in front of a select group of contributors and making them feel special. Just when you thought they couldn't get worse they go and do something like this. They are now offering different deals to select people in hopes of this all going away. Not to mention the deal they are offering still sucks. If you get one of these letters/emails I implore you to not sign it. In fact, I beg you to post it here and show the rest of the contributors what Shutterstock is trying to do behind everyones backs.

Again, keep quoting and reposting this for others to see. Join the Stock Submitters Coalition and help fight this. We are over 600 members strong now and represent a portfolio of over 7.65 million. Our members have pushed articles out to many websites: https://fstoppers.com/originals/what-wrong-shutterstock-489338 , https://www.dpreview.com/news/7607355790/shutterstock-announces-new-earnings-structure-contributors-are-anything-but-happy , https://petapixel.com/2020/05/27/shutterstock-unveiled-a-new-royalty-structure-and-photographers-are-furious/ . Join in and help make a difference. https://www.facebook.com/groups/261369748434285/

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Fellow contributors, for those "waiting to see" what happens, this is only diluting our strength.

The only way to get through to SS is for EVERYONE to, right now, disable their portfolios.

This may give them a pause to re-think, depending on how many disable.

To simply stop uploading or wait and see what happens is not going to change anything. 

I can't afford to stop receiving an income from SS, but I have no choice. If they get away with this without massive portfolio closures, there will be nothing stopping them.

In the future they will know they can reduce commissions with impunity and in the worse case scenario other sites will follow their lead.

Click on the button in your account to disable your photos and videos - better now when we have a slight chance than in a month/6 months when the damage is irreversible.

I've disabled my portfolio after 10+ years, I hope you all do the same...

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10 minutes ago, Max Engine said:

They think that they will sell our old images but they dont realize that each month there is a new trands. Nobody will not buy the same picture. For example pictures of the same "Doctor" there must be always fresh content

But I don't think they have told the shareholders of their new contributor payout plan and when they brag about earnings margins, they will have to disclose what they have done. And when they have no new downloads and a decline in contributors and images they will have to explain. And when sales fade because of the lack of fresh content, they will have to explain that also. I wonder how shareholders and wall street analyst will view this change because this business model is not sustainable.

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4 minutes ago, Jake Sorensen said:

Everyone stop and read this. Its very important. Continue to quote it so that it doesn't get buried in the forum and others will see it. Many members of the Stock Submitters Coalition (the new coalition created to fight changes like these and you can join here: https://www.facebook.com/groups/261369748434285/ ) have reported to us that they received a communication from Shutterstock wanting them to sign a separate deal that will allow them to stay at what they said was the current percentage (Im assuming that means the previous structure) until the end of January and then they would be taken down to level 1 like everyone else. They are hoping to quell the rebellion by throwing a carrot in front of a select group of contributors and making them feel special. Just when you thought they couldn't get worse they go and do something like this. They are now offering different deals to select people in hopes of this all going away. Not to mention the deal they are offering still sucks. If you get one of these letters/emails I implore you to not sign it. In fact, I beg you to post it here and show the rest of the contributors what Shutterstock is trying to do behind everyones backs.

Again, keep quoting and reposting this for others to see. Join the Stock Submitters Coalition and help fight this. We are over 600 members strong now and represent a portfolio of over 7.65 million. Our members have pushed articles out to many websites: https://fstoppers.com/originals/what-wrong-shutterstock-489338 , https://www.dpreview.com/news/7607355790/shutterstock-announces-new-earnings-structure-contributors-are-anything-but-happy , https://petapixel.com/2020/05/27/shutterstock-unveiled-a-new-royalty-structure-and-photographers-are-furious/ . Join in and help make a difference. https://www.facebook.com/groups/261369748434285/

Keep moving this along folks.  Offering "deals" to special artists to keep their portfolios here sinks SS even lower.  Take the time to join:   https://www.facebook.com/groups/261369748434285/

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So far RPD is 17 cents on 5th Level (instead of 60 in average before).

I stop uploading for now.

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Such innovations must be notified at least half a year in advance so that the contributor can prepare for such a collapse and not put those who worked for Shutterstock many years and their families in complete financial collapse. A shame!

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27 minutes ago, Vangelis_Vassalakis said:

Herkese merhaba! 

Bu duyurudan sonra ve tüm bu katkıda bulunanların tepkilerini takiben, SS'nin normale dönüp dönmeyeceğini görmek için bir ay bekleyeceğim ve aynı zamanda yükleme hızımı yavaşlatacağım.

Değilse, birkaç hafta boyunca yüklemeyi durduracağım. Hala SS geri dönmezse, tüm portföyümü silmek zorunda kalacağım.  

What is the need to wait for a month? If you wait, nothing will change.

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15 minutes ago, Jake Sorensen said:

Everyone stop and read this. Its very important. Continue to quote it so that it doesn't get buried in the forum and others will see it. Many members of the Stock Submitters Coalition (the new coalition created to fight changes like these and you can join here: https://www.facebook.com/groups/261369748434285/ ) have reported to us that they received a communication from Shutterstock wanting them to sign a separate deal that will allow them to stay at what they said was the current percentage (Im assuming that means the previous structure) until the end of January and then they would be taken down to level 1 like everyone else. They are hoping to quell the rebellion by throwing a carrot in front of a select group of contributors and making them feel special. Just when you thought they couldn't get worse they go and do something like this. They are now offering different deals to select people in hopes of this all going away. Not to mention the deal they are offering still sucks. If you get one of these letters/emails I implore you to not sign it. In fact, I beg you to post it here and show the rest of the contributors what Shutterstock is trying to do behind everyones backs.

Again, keep quoting and reposting this for others to see. Join the Stock Submitters Coalition and help fight this. We are over 600 members strong now and represent a portfolio of over 7.65 million. Our members have pushed articles out to many websites: https://fstoppers.com/originals/what-wrong-shutterstock-489338 , https://www.dpreview.com/news/7607355790/shutterstock-announces-new-earnings-structure-contributors-are-anything-but-happy , https://petapixel.com/2020/05/27/shutterstock-unveiled-a-new-royalty-structure-and-photographers-are-furious/ . Join in and help make a difference. https://www.facebook.com/groups/261369748434285/

Unfortunately a lot of people get the situation wrong, e.g. in the petapixel article.

The threat is not the new progressive percentage earnings schedule. It is just a smoke screen.

The real problem is the royalty cut from 0.38 to 0.10. Today sales clearly show that percentage of sales with royalty higher that that is minuscule.

To fight for something you should first understand correctly what is it.

I have stopped uploading new content to shutterstock. Unfortunately I can't afford to delete my portfolio, as it still gives a substantial income, and I am fully dependent on microstock earnings.

 

 

 

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18 minutes ago, MaDedee said:

SS'ye yeni vektörler yüklemeyerek başladım.

Ve bu "seviye hesaplamaları" hata çözmek için onlara 5 iş günü vermeye karar verin. Önceki 6 yılın adı.

Eğer düzelmezlerse, konuşacak bir şeyimiz yoktur.

10 ¢ kesinlikle kabul edilemez ve 15K portföyüm devre dışı bırakılacak.



 

If you don't stop your account, it has no effect. there are thousands of images in the pool. they are sold.

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1 minute ago, Dmitry Rukhlenko said:

Unfortunately a lot of people get the situation wrong, e.g. in the petapixel article.

The threat is not the new progressive percentage earnings schedule. It is just a smoke screen.

The real problem is the royalty cut from 0.38 to 0.10. Today sales clearly show that percentage of sales with royalty higher that that is minuscule.

To fight for something you should first understand correctly what it it.

I agree. Please contact as many websites and blogs as you can to get the correct news out.

 

 

 

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will. I WILL DISABLE MY PORTFOLIO ... The new system sits until you release it. If you are going to do something, do it now. Are you a politician? You promises?

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18 minutes ago, Jake Sorensen said:

Everyone stop and read this. Its very important. Continue to quote it so that it doesn't get buried in the forum and others will see it. Many members of the Stock Submitters Coalition (the new coalition created to fight changes like these and you can join here: https://www.facebook.com/groups/261369748434285/ ) have reported to us that they received a communication from Shutterstock wanting them to sign a separate deal that will allow them to stay at what they said was the current percentage (Im assuming that means the previous structure) until the end of January and then they would be taken down to level 1 like everyone else. They are hoping to quell the rebellion by throwing a carrot in front of a select group of contributors and making them feel special. Just when you thought they couldn't get worse they go and do something like this. They are now offering different deals to select people in hopes of this all going away. Not to mention the deal they are offering still sucks. If you get one of these letters/emails I implore you to not sign it. In fact, I beg you to post it here and show the rest of the contributors what Shutterstock is trying to do behind everyones backs.

Again, keep quoting and reposting this for others to see. Join the Stock Submitters Coalition and help fight this. We are over 600 members strong now and represent a portfolio of over 7.65 million. Our members have pushed articles out to many websites: https://fstoppers.com/originals/what-wrong-shutterstock-489338 , https://www.dpreview.com/news/7607355790/shutterstock-announces-new-earnings-structure-contributors-are-anything-but-happy , https://petapixel.com/2020/05/27/shutterstock-unveiled-a-new-royalty-structure-and-photographers-are-furious/ . Join in and help make a difference. https://www.facebook.com/groups/261369748434285/

how low will they go?

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1 minute ago, Josie Elias said:

how low will they go?

What do you mean? How long will the coalition be around. I am hoping for a very long time. My end goal is to develop enough sway within the industry that we can push the larger studios and production companies to only purchase from agencies that respect their contributors livelihoods.

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7 minutes ago, graphicline said:

If you don't stop your account, it has no effect. there are thousands of images in the pool. they are sold.

As far as I can see....your account is still active....

P.S. Don't tell others what to do. It is not polite. 

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