Pond5 Is Ripping Off Contributors

I have just checked the details and indeed today one of my clips was sold for 56$ instead of 157€ !
It's like the third of the price I have fixed !
I am seriously thinking about deleting all my clips from Pond5 !
I have already sent an email to the support, waiting for their answer.

I think we sometimes forget that setting our own prices for media is not a guarantee that the media will actually be licensed for that amount.

P5's Contributor Agreement states that setting our own prices is an option. Also that we agree to allow P5 to have sole discretion to adjust the prices:

3. Pricing and Your Share of Net License Revenue

You have the option to set the price of your Content. However,

i. we will have sole discretion to adjust the price of any Content to maximize your overall revenue performance or comply with our minimum pricing guidelines;

PCDMedia:

That's lawyer speak for sure. Is this the new Contributor Agreement that was rewritten to celebrate P5's "joining the Shutterstock family"? Does what you posted apply to Exclusive content or is Exclusive content a thing of the past. You know, the option a lot of us took to heart when we joined pre-merger

About 3. Pricing and "our" share. Interesting how the lawyers wrote the final sentence, to gloss over our stuff getting licensed for peanuts as "maximizing (our) overall revenue performance" and P5 making sure we're pricing our stuff to meet their "minimum pricing guidelines" which in reality it's the opposite us contributors are currently concerned with

singletrack500m572 :
I believe the Contributor Agreement is for all media on P5 Exclusive or Nonexclusive accounts. I suspect this clause has been in the agreement since the beginning - I doubt it's been added recently.

https://www.pond5.com/legal/contributor

I'm somewhat surprised that contributors sometimes seem taken aback with this clause. I think it's fairly safe to say that its common practice in the stock media industry to have similar "sole discretion" clauses to adjust license pricing

Even platforms that do not offer optional contributor self-pricing will publish platform "list" prices and many times adjust license prices from the published "list" price to make sales.

The best thing to do for more sales is stop posting here and upload another 2000 video clips. The agreement has always been there.

I had my first two sales with less than 300 videos...at full asking price. I guess that got me thinking that would continue but then the merger happened

For those who are saying the current contributor's agreement is the same as it always was I think just aren't remembering what it used to be. Of course, none of us made a copy of the previous agreement so it's tough to compare side x side but relying on memory isn't working

SS is butchering the P5 model for sure. I've noticed a steady decline in revenue on a good number of clips sold in recent months. Worse yet, I used to look forward to the quarterly GPP bonus payments as they would really help to bolster my income. The last two were dismal – a paltry 1 or 2 dollars made off each clip, and only a few sold. This year I've more than doubled the size of my library but income on P5 is way down. By contrast, revenue has more than doubled on AS.

Agreed, it's beer money nowadays. Income from Pond5 since SS took over, is a bad joke. I can't see why anyone would invest time & resources making footage if you only get a pittance in return.

Same here two footage sold for 1.68$...

I had a $1.12 sale today, OliverM. Another 7 sales and I can buy a beer!