Just received this email from Pocketstock. Kind of glad I haven't been making any sales there....
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Dear Contributor
As you know we have always been reluctant to get into price wars we tried Packages for a while, but felt it wrong to sell images at such low prices, so we got out pretty quickly.
There are so many competitors who are prepared to sell an image for whatever price they can get, to enable them to compete, we feel the market has become too saturated with price competition.
We have, because of this, decided as of today that we will no longer be accepting any new Non-Exclusive content from any supplier. Currently we are making a staggering 91% of our sales through Exclusive content, so it makes logical sense for us to look at ways of expanding this area.
We will continue to represent any Non-Exclusive content we have, but will not be adding to it, because of the cost implications and lack of large-scale sales in this area. We hope you all understand.
As all our contributors distribute through multiple channels, you all have plenty of places for your content, so we are sure this change will not be a big blow to any of you.
We never got into this space to compete on price, but with many others, in our view, selling content at unsustainable prices, selling Non-Exclusive content is not an area we see as our very long-term focus.
Many of our competitors do very well of course we are not blaming them for anything, but can we complete with those that have many more images and sell content cheaper than us? It's very difficult.
Can we compete representing and selling more Exclusive content? We have a better chance, that's for sure.
This new policy will come into immediate effect. Any Non-Exclusive content uploaded from now on will be returned. As said, it will have no effect on the content we already represent.
We wish you all well and thank you for your ongoing support
reef creative
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