Shutterstock raises photographers' pay

Shutterstock, a company that sells "stock art" images taken by members of its community, gave its more valuable photographers a raise on Monday.

The company pays photographers 25 cents for each image that a customer downloads. Beginning May 1, founder and Chief Executive Jon Oringer announced Monday, anyone who sells more than $500 worth of images will get 20 percent more per image--30 cents.

Oringer also said his company now has 25 full-time employees.

Shutterstock competes chiefly with Internet-based stock art shops including iStockphoto, Fotolia, Dreamstime, but also with traditional powers including Corbis and Getty Images.

(Via Stock Photo Talk)