Sunday, February 10, 2013

Bigstock Adds Subscriptions

So Bigstock has announced that they are going to start doing subscription sales this year.  Joining what seems to be a new industry standard they are setting their royalty base at only $0.25.  Sadly this seems to be more and more common (Fotolia, iStock, 123RF, etc).  The odd part of this announcement is that Bigstock was bought by Shutterstock so they could have pay as you go style site.  So this begs the question of why start moving your site to the SS formula with lower royalties.  How do you feel about the changes, comment below.

As you know, we already offer Bigstock customers the flexibility of pre-paying with credits. Next week, we’ll be offering our customers an increasingly popular way to buy images: subscriptions.
How will this affect me?
Subscriptions can generate higher download volumes, which can increase your total earnings from Bigstock. Here’s how you will earn royalties from Bigstock subscriptions:
  • Every time one of your images is downloaded using a subscription, you will earn a royalty.
  • The more downloads you’ve acquired in the previous 12 months, the higher your royalty will be, up to $0.38USD per download.

    Here are the details:

    Number of Downloads in Previous 12 Months
    Royalty per Download
    In USD
  • Any Bigstock download will be counted to determine which royalty tier is applied, regardless of how our customers license the image.
  • Credit and partner royalties will remain unchanged.
  • Extended licenses cannot be purchased using a subscription, and will continue to generate a royalty of up to $29.70.
Are there any other updates?
Yes. We have put in place a 250,000 print run limitation on our Standard License. We believe this will increase demand for Extended Licenses, generating higher royalties for you from Bigstock.
We are also simplifying our Standard Image License terms to bring Bigstock more closely in line with industry standards for royalty-free licenses.
What if I have questions?
If you have any questions, just reply to this email. We're here to help.
Ben Pfeifer,
GM, Bigstock