Guys, read it!
Here is the latest post by Shutterstock CEO and the Founder Jon Oringer: http://jonoringer.com/tag/microstock/
By keeping things simple, not favoring exclusive images, and iterating on metrics like search success, we feel like we will be more and more successful for both our buyers and our sellers over the long term.
I can not agree anymore. The future belong to non-exclusive contributors.
iStock exclusivity does not pay back. Old dinosaurs like Getty Images who do not understand the digital reality have to adopt the change – or die.
New release 2.0.3 of ProStockMaster comes with the following changes
- Added scrolling for language context menu, so all languages are reachable for all screen resolutions
- Fixed issue which did not allow suggestions for multiple keywords / keyphrase.
- Mac: application menu moved to top menu bar where it is supposed to be for a Mac app
- Mac: folders tree changed to be more Mac-like, showing “PLACES” and starting from the user’ home folder.
Alamy, a UK-based traditional stock photography agency, proudly announced in their latest letter to their contributors that Alamy will be able to transfer payouts via PayPal.
Good news – we have made some improvements to the way in which we pay our contributors. We are now offering PayPal – we can pay you in GBP, USD or EURO’s via PayPal. If you opt for PayPal we will send your payment so that you do not pay any PayPal fees
I like Alamy because they are so British. Meaning they are so ages-back traditional and so fantastically slow in adopting the change and following the market trends, and nevertheless – or because of that, – they still sell well. Today virtually every reasonable stock photography agency offers PayPal payouts, so welcome to the club, my dear Alamy.
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.