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Shutterstock increasing royalties for most prolific contributors
The microstock subscription agency Shutterstock has announced that it is going to increase royalties for its best producers. Under the current model buyers subscribe on a monthly basis and Shutterstock pays a contributor 25¢ each time their image is downloaded. With this recent announcement Shutterstock has agreed to increase that payout to 30¢ per download effective May 1st, 2007 for any contributor who has earned $500 or more in sales from Shutterstock. Contributors who have not yet reached $500 in total earnings will remain at the same rate until this milestone is achieved.
In a message to contributors posted on the Shutterstock forum Jon Oringer, Shutterstock's Founder/CEO touted recent success as the motivation behind the increase. "Looking back on the first quarter of 2007, we are happy to confirm that demand remains strong for all of our products. As a result, payouts to you, our submitters, are increasing each month, proving again that Shutterstock has become the go-to resource for high quality royalty-free imagery. We thank you for helping us develop one of the strongest image libraries in the business".
Click here to view the original message to the Shutterstock community
Posted in: News, Photographers
