And don't forget: at one stage, the Image Bank, in the BJP magazine, stated that they held 36,000 images of the Eiffel Tower. As I have suggested before, anyone still feel like investing in going there and shooting #36,001?:-)
Under the new structure, photographers and videographers will get compensated via a percentage of the sales price based on the ‘level’ their photo and/or video are rated, with the level being determined by the number of times their content is licensed. Previously, there were lifetime earnings tiers, which took into account total sales made during the lifetime of the contributor, but Shutterstock will do away with that and instead reset all contributors to ‘level 1’ for both images and videos every year on January 1.This effectively means that no matter how many sales a contributor has made, on January 1 each year, said contributor will always be demoted back to ‘Tier 1’ wherein they only receive a 15% commission on sales. Shutterstock says it’s "making this adjustment in order to reflect changes in the market for creative content, help to create fair opportunities for all our contributors, and reward performance with greater earnings potential."
This week, Shutterstock, one of the largest microstock agencies announced a new method to compensate their photographers and videographers.
