Shutterstock Raises Contributor Commissions

Posted on 5/15/2008 by Julia Dudnik Stern | Printable Version | Comments (0)



New York-based subscription microstock Shutterstock has announced details of its 2008 contributor raise. Though the company has hyped the commission increase for several months, many contributors are disappointed with the numbers.

Those who have earned less than $500 in total commissions do not rate an increase and will continue to be paid $0.25 per download. Contributors who have earned over $500 receive a $0.03 raise per download, bringing the payout to $0.33 per image. Contributors who have earned over $3,000 and $10,000 receive respective 20% and 27% increases. Enhanced License sales are rewarded with the highest raise of 40%, bringing the per-image commission to $28.

Many who draw a full-time salary would be thrilled at a 10% bump; raises of 20% to 40% are highly unusual. In addition, this is the second Shutterstock increase in an industry segment not known for high photographer rewards: Last year, the company increased its payout from $0.25 to $0.30 per download.

Yet this week's announcement generated less gratitude than disappointment.

The blogosphere is abuzz with criticism for two reasons. First, Shutterstock recently raised buyer subscription costs by some 50%, and many of its contributors feel that their commission increase is disproportionate. Second, large numbers of the microstock community are hobbyists. Although this is the nature of the microstock model, many low-volume shooters will not see a substantial increase in their earnings as a result of a new structure that rewards top-tier producers. The large group of small players is objecting to Shutterstock switching from the previous flat-rate system, which did not draw distinctions based on sales.



Copyright © 2008 Julia Dudnik Stern. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-251-0720, e-mail: wvz@fpcubgbf.pbz

Comments

Be the first to comment below.

Post Comment

You must log in to post comments.

Stay Connected

Sign up to receive our FREE weekly email listing new stories posted.

Follow Us

Free Stuff

Stock Photo Pricing: The Future
In the last two years I have written a lot about stock photo pricing and its downward slide. If you have time over the holidays you may want to review some of these stories as you plan your strategy ...
Read More
Future Of Stock Photography
If you’re a photographer that counts on the licensing of stock images to provide a portion of your annual income the following are a few stories you should read. In the past decade stock photography ...
Read More
Blockchain Stories
The opening session at this year’s CEPIC Congress in Berlin on May 30, 2018 is entitled “Can Blockchain be applied to the Photo Industry?” For those who would like to know more about the existing blo...
Read More
2017 Stories Worth Reviewing
The following are links to some 2017 and early 2018 stories that might be worth reviewing as we move into the new year.
Read More
Stories Related To Stock Photo Pricing
The following are links to stories that deal with stock photo pricing trends. Probably the biggest problem the industry has faced in recent years has been the steady decline in prices for the use of ...
Read More
Stock Photo Prices: The Future
This story is FREE. Feel free to pass it along to anyone interested in licensing their work as stock photography. On October 23rd at the DMLA 2017 Conference in New York there will be a panel discuss...
Read More
Important Stock Photo Industry Issues
Here are links to recent stories that deal with three major issues for the stock photo industry – Revenue Growth Potential, Setting Bottom Line On Pricing and Future Production Sources.
Read More
Recent Stories – Summer 2016
If you’ve been shooting all summer and haven’t had time to keep up with your reading here are links to a few stories you might want to check out as we move into the fall. To begin, be sure to complet...
Read More
Corbis Acquisition by VCG/Getty Images
This story provides links to several stories that relate to the Visual China Group (VCG) acquisition of Corbis and the role Getty Images has been assigned in the transfer of Corbis assets to the Gett...
Read More
Finding The Right Image
Many think search will be solved with better Metadata. While metadata is important, there are limits to how far it can take the customer toward finding the right piece of content. This story provides...
Read More

More from Free Stuff