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Author Topic: Terrific News from Shutterstock!  (Read 230 times)
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Sybille Yates (hospitalera)
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« on: August 05, 2008, 07:36:12 PM »

I am just doing a little Shutterstock fan dance here  2funny Message copied below directly from the Shutterstock announcent, I can't wait to get the first sale at the higher rate. Far better move then what SXP is trying to do. HipHipHurrah Shutterstock!

"Dear Submitters:

Today we are launching a new family of subscriptions, called Shutterstock On Demand. These innovative lower-commitment plans are governed by our current Standard License and allow subscribers to download stock photos, illustrations and vectors anytime over a one-year period without any daily or monthly download limits. We are confident these new On Demand plans will help us reach buyers who cannot or will not buy a "25-a-day" subscription.

On Demand customers can download images anytime over a one-year period by paying a one-time fee of $49 or $229, depending on the quantity and resolution of the images desired. Within the plans, prices range from roughly $4 per download for smaller sizes to roughly $10 per download for the largest sizes and for vector images.


A few important details are below:

--We've updated our submitter payout earnings schedule:

http://submit.shutterstock.com/earnings_schedule.mhtml

The schedule now reflects the new payout rates for On Demand downloads: you will earn 3.25x your normal payout rate for "small/medium only" download, or 7.5x your normal payout rate for an "any size" download.

--Earnings from On Demand downloads will be counted toward your lifetime earnings figure and therefore will help you move toward the higher per download payout rates.

--On Demand plans are governed by the same Standard Licence as our 25-a-day plans. Therefore, On Demand will not have its own opt-in / opt-out functionality. All Submitters who make their images available on Shutterstock agree to license those images according to our Standard License, through both our 25-a-day and On Demand plans.


Concurrent with the On Demand launch, we're rolling out new functionality that permits a Shutterstock customer to have more than one active type of subscription at a time. They could, if they wanted to, have (1) a 25-a-day, (2) an On Demand "small/medium", (3) an On Demand "any size", and (4) an Enhanced License subscription all at once, and can now choose, on a download by download basis, which active plan their next download should apply to. Being able to manage more than one active plan at a time will help our customers take advantage of our entire product line, depending on their needs.

We've also extended the term of our Enhanced Licence subscriptions from one month to one year, to encourage purchases by customers who need more time to fully utilize their access to Shutterstock's growing library.

On Demand subscriptions will provide customers a great way to become comfortable with Shutterstock at a lower initial price point. They are also a perfect complement to our existing products, utilizing the same proven Standard License and the same premium library. We are thrilled that we are now able to meet the needs of virtually any image buyer, no matter how big or small, no matter how frequently they need fresh images.

As always, we're happy to hear from you at submit@shutterstock.com and we thank you for allowing us to represent your content.

Best Regards,

Shutterstock"

posted Posted: Tue Aug 05, 2008 5:55 pm here
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sshaw75
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« Reply #1 on: August 06, 2008, 01:36:00 AM »

Very cool.  I totally missed this today.  Prices are great (lining up more with iStock with that on demand), can see hitting that $3000 mark faster now.(hopefully anyway)

Guess that explains why the site was a bit wonky today too.
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jmci
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« Reply #2 on: August 06, 2008, 06:09:54 AM »

What a contrast!  That's the way site innovations/improvements should be handled.
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DNF-Style
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« Reply #3 on: August 06, 2008, 07:52:59 AM »

Looks good. Wait and see if it truly works. If it does we are happy, if it doesn't we are happy.
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sshaw75
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« Reply #4 on: August 06, 2008, 03:06:08 PM »

looks like some people are starting to get some nice numbers already, of course I am not one of them lol
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