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Articles from January 2007
Getty Images reported revenue for Q4 2006 of $203.5 million up 9.5 percent from
$185.8 million in Q4 2005 and up from $198.1 million in Q3 2006. However, profit declined as a result of restructuring and other costs. The company earned $30.3 million, or $.50 per share, down from $42.5 million, or $.64 per share, during the same period in 2005.
Until recently it has been difficult to calculate appropriate prices for the myriad ways images are currently being used on the web. Getty Images has instituted an elaborate pricing structure that is an excellent solution to much of this problem, and should result in higher revenues for web use of RM images. This story examines Getty's strategy in details and provides a template that others can use in pricing web uses of their images.
Alamy's fourth quarter 2006 figures on contributors, percentage revenue and average pricing show no major trend change from the previous quarter or for the year. Alamy almost doubled its collection in 2006 adding 3,432,808 images to the about 4.2 million it had at the beginning of the year.
This story contains releases on: Shutterstock Offers Largest Microstock Collection; Zurich-Based Agency Announces Launch Of Sodapix.com; and Corbis Names Sales Director For Australia
The article contains short items on: Analysis Of World Market For Stock Photos; Getty Stock Downgraded; iStockphoto Sees Great Demand For Video; Acquisitions Update; Digital Refocusing; and Photos.com Emphasizes Community.
Piper Jaffray, a leading, international middle-market investment bank and institutional securities firm recently surveyed 158 U.S. image buyers including 4 ad agencies, 36 magazine publishers, 26 in-house marketing operations, 48 graphic design agencies and 19 other types of image buyers to determine their views of current stock photo offerings. This story summarizes some of their findings.
More and more companies have been asking for signed model releases for every image submitted and photographers need to consider, and confirm what will be done with those releases once delivered. There has been a lot of discussion in the industry about making model releases available for customer review online. This could be a very bad idea, particularly with relation to model releases of minors.
As I've watched the astronomical growth in the use of micro-payment images I'm confused as to why JupiterImages has not moved more aggressively into this segment of the market. I put this question to Alan Meckler and he gave me some answers.
We're hearing more and more comments from photographers happy with the recent acquisition of Index Stock by Photolibrary of Australia. The photographers are getting regular payments in amounts more than they had expected.
The micro-payment site Dreamstime.com has announced that as of February 15, 2007 designers will be able to download high resolution royalty free (RF-LL) images at no cost, compliments of Dreamstime.com and its community of contributors. This FREE section of the site is designed to attract bargain hunters and is expected to ensure the company's continued growth and improve its imagery.
This issue contains stories on: Blend Appoints Robert Hanson Director of Channel Relations and Sales; PLUS Coalition Releases Global Image Licensing Standards; and Photononstop On Getty.
This edition contains stories on: Where Is Getty Headed in 2007?; Lackluster Stockphoto Results At a21; Getty Opens Door To Photographers; Photodisc For iStockphoto Photographers; Driving Image Partners Out Of Business; Calculating The Odds; Search Return Order; Return Per Image; Photolibrary Acquires Index Stock; Index Photographers To Be Paid; Crowdsourcing Creative Content; ImageState Update; and Jupitermedia Has Disappointing Q3 2006.
This edition contains stories on: Hachette Fillipacchi Backs Out Of Stock Photography; ViewImages.com; Leading Stock Photo Sellers; iStockphoto Contributors And Getty; More Crowdsourcing TV Ads; Discounts Are In; Marketing Model Shifts; and Offshoring Text Editing To India and its relation to still photography.
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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.