It\u2019s hardly big news that making money via stock image sales has got harder and harder in recent years, as image libraries cut their payment rates. Aggrieved users of major international stock image service, Shutterstock, have now banded together to protest against the company\u2019s controversial pay cut for contributors.<\/p>\n
\u201cShutterstock D-Day is an effort by the newly formed Stock Coalition, which has over 4000 members united against\u2026 the contributor pay cut,\u201d Dimitar Gorgev, a photographer from Macedonia, told Inside Imaging. \u201cOn May 26, Shutterstock announced a new contributor earning schedule, effective from June 1, which determines contributor payments based on the volume of images licensed each year,\u201d he explained. \u201cContributors across the board reported record low payments of US$0.10, a drop compared with the typical US$0.25-0.38 fee previously earned.\u201d<\/p>\n
The stated goal of D-Day is to dent Shutterstock\u2019s financial results for the second quarter of this year, as one way of measuring the company\u2019s quarterly performance is by its contributor and archive growth. \u201cMany of those deactivating or deleting their portfolios are high-quality stock producers,\u201d Gorgev adds. \u201cThose frustrated by low royalty rates are often those who rightfully value their work. It\u2019s critical that agencies are able to keep these high-quality producers on their books, because it\u2019s their content the buyers are looking for. Buyers will be left with limited choice and will have to look elsewhere for the top-notch, quality material they used to find at Shutterstock.\u201d<\/p>\n