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Kate Shutterstock

New earnings structure for Contributors

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2 hours ago, AnastasiaOsipova said:

image.thumb.png.ee06ba153945fe7765e87be52e62e76a.png

+ 3 images under the extended license. Surprisingly, there are a lot of such sales this month. I haven't uploaded anything new since June 1.

You have a wonderful portfolio. Congratulations!  It should be a crime these artwork sold for only ten cents.

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14 hours ago, Mirko Rosenau said:

 

It is surprising that he would make such a statement knowing that this is not correct. Also, I'm not sure why he is even still trying to support this decision.  Jon Oringer left Shutterstock as CEO in April 2020 and sold a large amount of his Shutterstock stocks which implies that he has very little faith into the way Shutterstock is going. 

I think that he sold just because the stock price is Overvalued according to financial institutions. At the least negative piece of news it will fall. But unfortunately our tragedy has gotten deaf-ears on big business media outlets. Also, there is no mainstream interest in the company among investors. Only one specialist is covering the stock with a rating of HOLD. 

 

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Hace 1 hora, David Bostock dijo:

¿Han leído este hilo chicos? Aparentemente, SS no ve ningún dato donde haya quejas de sus Colaboradores 

Alguna broma?

https://twitter.com/jonoringer/status/1275038378828992512?s=20

¿Qué tal si todos los que hemos desactivado nuestras fotos? , mandamos una queja en el apartado "contáctanos" para que así no les pase que no ven ningún dato donde haya quejas de sus trabajadores y además queda registrado?

TODOS A QUEJARNOS en el apartado de CONTÁCTANOS.

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14 hours ago, Mehdi Kasumov said:

part of his deal to leave the sinking ship

 

Yes, he knows the ship is going to sink, he leaves it, but keeps advertising the ship to make people buy the tickets because he still makes a profit from it.

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i have disabled my account from the 1st June.

I wonder what earnings have the contrubutors with the new prices.

If somone with active account  can give some statistics of the earnings of June in contrast the May 2020.

Thanks

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I am earning close to 60% less than I made for each of the previous three months. Most are .10 sales. The odd thing is that most of my best selling images are not selling at all. Many of the .10 sales are of images that had little or no action before this. And then there are many more downloads by subscriptions, almost double as many downloads as previous months. Very odd.

Like all of you, I am turning off sales on SS--as soon as I can finish uploading all the images to another site. Maybe closing out from SS altogether in the near future.

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8 minutes ago, OSweetNature said:

I am earning close to 60% less than I made for each of the previous three months. Most are .10 sales. The odd thing is that most of my best selling images are not selling at all. Many of the .10 sales are of images that had little or no action before this. And then there are many more downloads by subscriptions, almost double as many downloads as previous months. Very odd.

Like all of you, I am turning off sales on SS--as soon as I can finish uploading all the images to another site. Maybe closing out from SS altogether in the near future.

Same thing! No bestsellers but pics with no activity before were sold... 0,10 of course 

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1 hour ago, kostasgr said:

If somone with active account  can give some statistics of the earnings of June in contrast the May 2020

I am really ashamed to say that this month I earn a lot more when so many contributors have lost a lot, I am sorry for a lot of people who deserve much more than me

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4 hours ago, BobNoah said:

I think that he sold just because the stock price is Overvalued according to financial institutions. At the least negative piece of news it will fall. But unfortunately our tragedy has gotten deaf-ears on big business media outlets. Also, there is no mainstream interest in the company among investors. Only one specialist is covering the stock with a rating of HOLD. 

 

He is still on the board. But the fact that he sold 3,000,000 shares at the beginning of the month is writing on the wall.

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4 hours ago, David Bostock said:

Have you guys read this thread. Apparently SS dont see any data where there are complaints from its Contributors 

Some joke?

https://twitter.com/jonoringer/status/1275038378828992512?s=20

image.thumb.png.d2156b58cfa19c565cd1d0e25759596d.png

 

New revelation.

Finally, we will be able to afford a new yacht. My old one that I purchased with previous shuterstock earnings is a bit rusty.

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12 hours ago, David Bostock said:

Have you guys read this thread. Apparently SS dont see any data where there are complaints from its Contributors 

Some joke?

https://twitter.com/jonoringer/status/1275038378828992512?s=20

 "We don't see that in the data. but ok"........

It seemed to me, judging by the answers, that artificial intelligence was answering to contributors. Have you ever communicated with artificial intelligence on websites?

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60% less this month at leat... i haven't earned this little for at least 7 or 8 years and i've been at it for 10...

i will  deactivate at the end of the month...even though i need every PENNY

what pisses me off is that SS hasn't said a f***ing word !! even though the number of images is slowly decreasing...i feel like one of those crowdsource workers, that get paid 0,10 or less for data entry and stuff...the difference is that i put money into my work and energy, i am not just sitting at my desk ticking boxes or clicking images...SS used to be the stock agency that paid me the most..it s a huge hit for me...politics and capitalism have ruined this world !!

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A few hours ago I disabled my small portfolio. I have not uploaded any new images for months, as it was hard to find the motivation when the minimum amount sat at 25 cents. 

As a public listed company, ShutterStock has to meet shareholder expectations in terms of return on investment, however, the share price has been in decline. ShutterStock also reported an earnings decline in 2020 Q1, which in part was due to COVID-19. There has been a decline in Ad spend by large companies, but interestingly small business spend is up.

It seems to me that ShutterStock in introducing the new "Earnings Structure", has scrambled to reduce costs to better align with the reduction in revenue generated. How best to do that, well that is an easy one, they chose to pay contributors less rather than review the subscription plans on offer to clients. I understand that some of the subscription plans meant that SS was actually losing money with the percentage that was paid to some contributors. That to me is a SS problem and yet we as contributors are being sacrificed.

It all seems a short term solution, that is not sustainable in the long term. ShutterStock is is in the business of selling content and the success of the company rests on the supply of fresh quality content to meet client needs. If it is not sustainable for contributors, then the business model will not be sustainable for ShutterStock. Successful businesses know the importance of looking after the supply chain, so how is SS getting it so wrong? The phrase "A House Of Cards" comes to mind.

The Q2 Earnings Call is getting close and I wonder how that and the later Q3 will look?  

A minimum payment amount of 10 cents might be enough for some contributors, that will of course depend upon how we value our time which is the ultimate commodity.

 

 

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12 hours ago, stockphotofan1 said:

 

Nope.

How much do you get paid for a subscription sale of one of your photos? (Please include a screenshot.) Thanks!

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Apparently, even Level 6 contributors have noticed that the new system already leads to losses.
Or they simply accepted the friendly invitation of Jon Oringer and left.

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El problema para los colaboradores no es si es más o menos justo el problema es si merece la pena.

En otras plataformas con menos contenidos y menores ventas son rentables pagando más por lo cual podemos deducir que el problema esta en la gestión, si no son capaces de ser atractivos para los colaboradores tendrán que tomar una decisión o dimitir o cerrar. 

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imagine an idea, find a model, pay for fuel, set up lighting, sweat, take photos, transfer photos, process, load, insert keywords, wait for shutterstock to approve, wait for it to sell and then whipped cream 0.10 usd, fuck off shutterstock

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