Getty Images, Inc. reported third quarter revenue of $130.8 million up 2.7% from the $127.7 million in the second quarter of 2003 on the strength of rising prices, not increased sales volume. Despite shifts in search order results on the web site that dramatically favored RM images, the number of RF images sold were still strong, and RM revenues continued to decline, though not to the degree they dropped in the 2nd quarter.
PACA has announced the results of the 2003 Stock Picture Industry Survey, a North American survey that addresses significant industry questions about major trends covering products, revenues, rate of growth, leading areas of content and more.
Stephen Mayes provides insights on the continuing Royalty Free vs. Rights Managed debate. He is Director of Art + Commerce Anthology and previously Creative Director of Image Source, CEO amana america and Senior Vice President of Getty Images.
The Virtual Picture Desk has taken over management of critical activities at Panoramic Images and George Sinclair has been appointed CEO. Doug Segal the current Chairman and President of PI will shift his responsibilities to focus on new business development and the oversight of his new venture, FillPrints.
The StockArtistsAlliance leaders takes issue with many of the points in my Story 580 on ''Re-Evaluation of Royalty Free'' and hope that photographers will not produce RF images. This story lays out some of their arguments.
This issue has short items on Stephen Mayes' move from Image Source to Art and Commerce in New York, Picture Arts launches Botanica, VEER Honored with Two Awards, Do Not Call could benefit stock industry, Kodak's Problems and Wire Transfer Ripoff.
Goodshoot is a French RF company and General Manager Philippe Bigard provides some interesting details on how the market for RF is developing in France and Europe. Bigard believe the French market requires a special style of photography, and thus he is only interested in working with European photographers.