By Lee Torrens
VideoBlocks is a stock footage company doing some very innovative business.
They sell “memberships” for unlimited access to the collection of 115,000 wholly owned video files, After Effects templates and audio files. This April they launched a marketplace open to external contributors, and accessible for purchases only by paying members. Because the company earns its revenue from the membership fees – 100,000+ people paying $99 per year – they can pay their contributors a royalty rate of 100%.
It’s a serious startup, having just closed its third funding round, consisting primarily of an $8 million “venture-debt deal”.
The …read more
Via: Microstock Diaries