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New earnings structure for Contributors

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1 hour ago, Giambattista Lazazzera said:

From June 1st to today I have exceeded 100 downloads. I should now be at level 2. Why are my photos still getting paid 10 cents?

 

38 minutes ago, Ints Vikmanis said:

You will always get 0.10 $. No matter of your "level"

That is true. No matter of your "level" you will always get 0.10$. Read all this topic carefully. 

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1 hour ago, Ints Vikmanis said:

My friend works in agency with SS 750 subscription (yearly upfront). This month they have used only 23 downloads. So real costs for one download is 6.16 EUR + TAX. Contributor will get only 0.10 USD.

 

 

Screen Shot 2020-07-28 at 14.09.58.png

I would be very interested to know if the friend's agency has ever used all 750 downloads.

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5 hours ago, Giambattista Lazazzera said:

From June 1st to today I have exceeded 100 downloads. I should now be at level 2. Why are my photos still getting paid 10 cents?

I had a look at your beautiful portfolio. And i have realized with regret that you are selling Italy for only 10c.!  

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Looks to me like friend's sub account has used 27 downloads of 750 possible in one day.....month end is 27th August not July. Maybe they use around 600 of the 750/month which is still a good deal for SS as SS only has to pay out $60 to contributors. In the old system it might have had to pay out 600 X $0.38 = $228.00 which is more than that subscription deal cost even with 150 dls left unused.

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Investors are crazy. I am certain that many will choke on this sudden 17.6% bump a bit later. Wait for next quarter. When the real effect of many contributors closing their account will really be felt. 

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13 hours ago, Giambattista Lazazzera said:

From June 1st to today I have exceeded 100 downloads. I should now be at level 2. Why are my photos still getting paid 10 cents?

there are over 200 pages of people explaining that no matter what your level, the 10c sales will dominate. Did you think it wouldn't apply to you too?

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This is from the ShutterStock Inc (SSTK) Q2 2020 Earnings Call Transcript:

The report suggests that SS did better than was forecast with a higher revenue per download, 

That comes in part by turning to AI for ingesting the material supplied by contributors and also the huge reduction in what SS is now paying contributors. I do not see any reference in the report that SS is now paying contributors significantly less than what was paid out previously and that makes for a very distorted bottom line. That bottom line is not sustainable when a business shows no consideration for the suppliers of the material upon which the business was built. I have to wonder just how many contributors will be happy continuing to supply new material and have it return the minimum of just 10 cents.  

This is a temporary reprieve for SS and it seems to me that many shareholders would be well advised to take their money and run as the share price is not sustainable going forward.

The Q3 Earnings Call will tell the true story. 

Screen Shot 2020-07-29 at 2.24.45 PM.png

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I can only imagine that such a huge increase in subscribers is due to including all those free 'ten-image packages'. Even when the subscription is cancelled whilst 'free', it still counts as  a new subscriber even though they spent nothing and all it cost SS is 10X $0.10 = $1.00max/trial. Very cheap trial too for SS.....imagine if all the free images had to be paid out at $0.38.

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-Shutterstock top management: We have 340 Million images, we can make a good money giving them almost for free in partnership with other companies, as long as we don't pay the creators but peanuts.

-Shutterstock shareholders: Yeeees! Show me the money!

But there's something wrong in this reasoning: Shutterstock doesn't have any images, but the contributors are the owners.

Real owners of the work: What will you do? Make this company rich in change of nothing? Accept "whatever" is given to you? I'd better keep my pictures and show to my friends as an amateur. If I were a pro, I'd do something else with my pictures.

 

Another topic is the reviews of pictures in 2-3 minutes from submitting. Did shutterstock fire many reviewers and replaced by AI? Does shutterstock receive so few images that the reviewers are wating for them to get some comission?

 

I already said it, but shutterstock is destroying it's own busines.

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2 hours ago, Guillermo Barda said:

Another topic is the reviews of pictures in 2-3 minutes from submitting. Did shutterstock fire many reviewers and replaced by AI? Does shutterstock receive so few images that the reviewers are wating for them to get some comission?

I already said it, but shutterstock is destroying it's own busines.

the ceo (intentionally lower case!) came clean on that, admitting that reviews are done by AI. there is a thread started today on that in the forum.

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Last 10 downloads 10c and one 14c (all from old stock as I stopped uploading any new content when the new,without warning, structure was implimented). Takes 20 minutes to PS an airframe shot if it is good enough, for 10c I just can't be arsed!

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On 7/13/2020 at 1:27 PM, Tony Dunn said:

I wish more buyers would go there after realising what SS are doing cos I've uploaded 139 images to DT but no sales.

That was very misleading on DT - I sold more than normal in June - and DID NOT receive 10% extra - I emailed and basically was told I wasn't eligible for some reason - i don't why why!!     I told them that it was misleading contributors but they didn't really reply to that!

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20 hours ago, Yana Lesnik said:

Have a look on this report) SS pocket should be really really heavy now 🤑 🙂

123.jpg

The interesting statistic is really the 6% decline in paid downloads. I see more and more Unsplash photos around and believe this will get worse so that eventually contributors will receive less and less as microstock struggles to cope with the glut.

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11 minutes ago, paula french said:

Nagyon félrevezető volt a DT vonatkozásában - júniusban a szokásosnál többet adtam el, és NEM NEM kaptam 10% -ot külön - e-mailt küldtem, és alapvetően azt mondták, hogy valamilyen okból nem vagyok jogosult - nem tudom, miért !! Mondtam nekik, hogy félrevezető közreműködők, de erre nem válaszoltak igazán!

Did you fill out a tax form? If I remember correctly, if it is missing then there may be discrepancies.

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30 minutes ago, paula french said:

That was very misleading on DT - I sold more than normal in June - and DID NOT receive 10% extra - I emailed and basically was told I wasn't eligible for some reason - i don't why why!!     I told them that it was misleading contributors but they didn't really reply to that!

Hmmm...odd.....nothing to do with quantity sold. All my downloads automatically got paid extra - $2 sales stopped, and $2.20 sales appeared. Would be interested in their response....

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