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Articles from January 2004
Alamy Images has announced that its 2003 revenue from licensing stock imagery grew 400% over 2002. In April the company will expand its business by opening a sales office in New York and a technology development operation in India. I will also expand its customers service operations in the U.K.
This story contains items on Index Stock Imagery Marketing Scholastic images, AsiaWorks offering images from Asia, more on the NFL's efforts to move it photo archive, Freelancers Drop Appeal Against Boston Globe, and Veer Signs New Provider.
In this issue you will find stories on Getty's Flexible License Packs; Corbis 2003 Sales of $140 Million and Non-Profit Donation; Image State Revenue Down; Getty 2003 Summary; Alamy Announces Expansion; Exclusive Royalty Free At Image Source; Communication Arts 2003 Survey; Corbis & Reuters Alliance; OnRequest Partner's With Photonica; Masterfile & Zefa Expand Partnership; Developments In Asia; Adobe To Market Digital Images and the latest on the NFL Archive Move.
Getty reported fourth quarter revenue of $134.4 million up 13% from Q4 2002 revenue of $117.2 million. Total revenue for 2003 was $523.2 million a 13% increase over the $463 million in 2002. Radical adjustment in search results last August improving RM sales relative to RF. Signs of economic recovery, but number of images licensed still trending down.
This story provides the full text of remarks by CEO Steve Davis at the 1st Corbis Annual Meeting. Video clips of Corbis images are not included, but the text of speakers that were presented on video is included. Highlights were $140 million in revenue for 2003, expanded image use by emerging markets and increased emphasis on providing a broad range of services to customers.
At its first-ever annual meeting held in New York on January 15th Corbis announced that 2003 revenues were approximately $140 million. This was 20% above 2002 revenues of approximately $116 million. Bill Gates said Corbis would not go public in the next three to four years but there is likely to be ''diversified ownership'' at a later date.
Corbis waived more than $1 million in licensing fees to non-profit organizations around the world in 2003. The company announced that it will extent free access to Bettmann Archive Images in 2004, donating another $1 million to help non-profits tell their stories.
Communication Arts has released data from its 2003 subscriber study indicating the use of royalty-free stock continued to grow at the expense of rights-managed stock and assignment work. The number of people using stock remained flat, though overall volume usage has increased slightly.
This issue discusses: OnRequest Images Partners With Photonica; ImageState 2003 Revenue Down; Corbis Makes More Restructuring Moves; Masterfile Integrates RF and RM; Zefa Adds Retrofile Collection and Thinkstock Launches RF Footage Site.
Getty's new Campaign Pricing, or Flexible License Packs offer customers with many potential uses for an image, a greatly simplified way to purchase rights, and, possibly, a great reduction in costs. This story details the numbers and explores some of the long range implications for everyone in the industry.
Will there be increased use of still images in 2004? Economists expect the U.S. economy to grow. Getty expects 8% to 12% revenue growth due to price increases and growth in the number of images licensed. But, there are a host of indicators that still image use is likely to decline. This story examines those indicators.
This issue contains stories on Increased Image Use???, Legal Nightmare, Getty Raises Estimate, VNU Launches Stock Portal, VEER Acquires Solus Images, Stockbyte Buys VC Stake, Digital Color Printing, A21 and Superstock Deal, Hughes Named ImageState CEO, Purchasing Pixels, Clients Speak Out, Personalized Ads, Pew Internet Survey, Hidden Internet Uses, Film Decline At Kodak and Price Per Pix.
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This stock photography news site focuses on the business side of photography with a special emphasis on stock photography. Our goal is to help photographers maximize their earnings based on the quality of their work and the commitment they are prepared to make to the trade. The information provided will be applicable to part-timers as well as full time professional photographers. We’ll leave it to others to teach photographers how to take better pictures.
Jim Pickerell launched his career as a photographer in 1963. In 1990 he began publishing a regular newsletter on stock photography. In 1995 the information was made available online as well as in print and was gradually expanded to a daily service. Click here for Pickerell's full biography.