News assignments are down. Charles Borst, Executive News Director of Corbis Sygma discusses the causes and explains why he gave a recent TIME assignment to the Sun-Sentinel newspaper in Fort Lauderdale rather than to a Sygma photographer.
Getty Images acquired all the outstanding shares of Cass & Cass Limited (TIB-UK) in September for $6.3 million in cash and 247,790 shares worth $10.4 million for a total of $17.1 million. Balance sheet figures analyzed.
Automatic selling on-line can put model's rights at risk, and present legal problems for photographers even when they have a model release. This story outlines the problem, discusses FPG and Getty's recent approach and offers an alternative solution.
The Supreme Court has agreed to review the Tasini copyright infringement case and render a verdict before June 30, 2001. The Court's decision will have a major impact on creator rights in the digital age.
This issue has stories on Getty's Slow Growth in the 3rd Quarter, Death of SuperStock Express Pricing, Index Stock Closes Offices, On-line agency updates, updates on Getty and Corbis activities, things to look for when considering on-line options, and more.
Getty Images, Inc. reported 3rd quarter 2000 revenue of $127 million, up from $123.6 million for the 2nd quarter, or a 2.75% increase for the quarter. In his conference call to investors CEO Jonathan Klein provided some revealing insights to future plans.
At the PACA International Conference in New York Colin Burke of Stock Photos agency in Australia provided insights to the south-west Pacific market for stock photography, and challenged stock agents in attendance to consider their photographer's interests.
This story provides information about the closing of Index Stock Imagery offices and staff reductions, Global State's acquisition of WestStock, the departure of TSM's German office manager for Zefa Visual Media and new policies on Sensitive issues at FPG.
Getty Images is moving to close down and consolidate brands. In September they announced the closing of Planet Earth Pictures and the photography section of the Artville brand. PictureArts Corporation is moving to handle sales and marketing of the titles formerly handled by Artville.
Less than one month after Exactphoto.com announced a new on-line service for photographers Ridgley Evers, CEO of Exactly! said the entire company would be closing its doors. This eliminates the accounting software and the buying services Exactly formerly provided as well as the stock photo services.