Photographers at the First Tier will earn a 15 percent cut until they license 100 images, Second Tier photographers earn earn 20 percent until they move 250 images, and the top Sixth Tier earns a photographer 40 percent after licensing over 25,000 images. At the start of January 1, all contributing photographers restart at Level 1. Shutterstock’s new royalty structure resets every year, and the photographer’s fee percentage rate is determined by six tiers that’s based on how many images are licensed each year. They sit back and allow the Shutterstock sales build, and enjoy the long-term benefits of sticking with them. It’s a significant difference, especially if a contributor generates hundreds of sales off an existing library. This Earnings Breakdown system will be replaced from June 1. Long-time contributors, who have generated over US$10,000+, earn $0.38 per subscription image or $1.24 per on-demand image. New contributors start out at the lowest tier, US$0 – $500, and earn $0.25 per subscription image purchase or $0.81 per on-demand image (small-medium). Over time agencies like Shutterstock and Getty Images have driven down the price of stock photography, while simultaneously lowering contributor commission fees.ĭespite its role in eroding the market, Shutterstock maintained loyal contributors partly due to its ‘Lifetime Earnings’ payment structure – four tiers rewarding photographers based on their sales generated over a lifetime. The once-lucrative stock photography market, a sole income source for many photographers, has been reduced to a supplementary income avenue only worth a few extra dollars. Shutterstock is a major player in the microstock race-to-the-bottom business model. Microstock photo agency, ShutterStock, has infuriated contributors by announcing an overhaul of its royalty earnings structure, resulting in a major pay cut for its top photographers.
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