Shutterstock introduces single image sales
Shutterstock, who came to the microstock market as a first agency to offer microstock subscriptions, joins iStock, Fotolia and Dreamstime by offering single images sales. The recent announcement on Shutterbuzz states that current royalty rates for subscription-based packages are not going to change. As per the new product which ‘is being tested in the certain markets’ the planned royalty rates are based on the contributor’s life-time earnings on Shutterstock:
- up to $500 – 20% payout rate
- $500 – $3,000 – 25%
- $3,000 – $10,000 – 28%
- over $10,000 – 30%
Shutterstock is an owner of BigStockPhoto.com, re-branded as BIGSTOCK sometime ago. BIGSTOCK, which deploys a traditional credits-based microstock model, was purchased by Shutterstock to complete their subscriptions offering. For the last few months in addition to the credits packages BIGSTOCK also offers immediate purchase of a single image. The single download prices start from $2.99.
It looks like Shutterstock was closely following BIGSTOCK in this initiative and now they are doing a similar move.
All in all this is good news for the microstock artists. I believe that the contributors like me will be happy to increase their earnings effortlessly, by selling the same microstock collection on Shutterstock in a different way, so let’s wish Shutterstock good luck with their new baby.