Denver, Colorado (July 6, 2017) One of the world’s leading photo storage and hosting sites has begun notifying its largest commercial scale users that it will now offer an unlimited third party hosting subscription plan.
John Corpus, CEO of Photobucket, said that historically the company “relied heavily on advertising revenue but that major industry-wide changes in the advertising space have greatly impacted Photobucket, including the rise of ad blockers and the Company’s explosion of 3rd party hosting that generates zero revenue.”
“This model is no longer sustainable,” Corpus added.
Corpus noted that seventy-five percent of Photobucket’s costs originate from non-paying users leveraging 3rd party hosting. The majority of the industry has either eliminated 3rd party hosting or imposed variable pricing based on consumption. To address the market, Photobucket has added unlimited hosting to its Plus 500 Subscription plan at a competitive fixed price.
In Photobucket’s 14-year history, the Company has amassed over 100 million registered users, over 15 billion images stored, with 2 million daily uploads and 60 billion photos accessed monthly.
“With all the photos stored and shared, nearly everyone interacts with a Photobucket hosted image on at least one page across the web over a sixty-day period, putting the photo hosting service as a significant part of the internet,” Corpus said.
Corpus said that “initial results for the Company are positive. This path to a more sustainable business model allows us to develop an even more robust product to meet our customers’ needs.”
“We are grateful for our customers’ continued support,” he added.
With over 100 million registered users, Photobucket Corporation is the world’s leading dedicated photo sharing service. The Photobucket user community uploads millions of images per day from the web and connected digital devices. Photobucket hosts, preserves and protects photos while bringing members advanced browsing, sharing and editing experiences. Each month Photobucket serves over 60 billion photos to over 3 million websites. Photobucket is headquartered in Denver, Colorado.
For more information about Photobucket, please contact email@example.com or visit us online at www.photobucket.com/faq.
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