News from Shutterstock - Raise!
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.
On our end, we have made tremendous investments in product development, marketing, and operations to ensure that growth is swift and smooth. We now have a full line of products and licenses, including custom multi-seat licenses for larger companies. We have a team of 25 full-time employees and an aggressive marketing campaign to get the word out. Furthermore, we have spent considerable funds to ensure that we have the servers and bandwidth necessary to streamline the photo submission process and deliver the goods to our customers.
Of course, you, our submitters, are a critical part of the equation, so we are delighted to announce an increase in your payout rate. It works like this:
- If you have earned $500 or more in sales from Shutterstock, we will increase your payment per Standard License download to 30¢ per download. This is a raise of 5¢ (20%) per download and will go into effect May 1st, 2007.
- If you have not yet reached this point, the current payout of 25¢ per download will remain in force. At midnight on the day on which your earnings hit $500, you will automatically be upgraded in our system to the higher rate, and that rate will apply going forward.
Of course, the fastest way to qualify for the higher rate is to submit even more high-quality images. Our subscribers can’t wait to see them…
It is our pleasure to offer this increase—it’s our way of thanking you again for your support, loyalty and, above all, your fantastic images. Please keep them coming!
Best,
Jon Oringer, Founder/CEO
Shutterstock
