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Articles from November 2004
This article examines in detail how search results are being delivered on Gettyimages.com. Both photographers and agencies that have images on the site will want to carefully consider this information and the changes that have recently taken place.
This story has items on: Grant Heilman Acquires Photo Network Stock, Nonstock Partners with Photonica, A21 Third Quarter Results, Alamy Adds Providers, and Corbis Third Party Providers
Jupitermedia Corporation has acquired all of Hemera Technologies Inc. for approximately U.S. $7.3 million in cash. Hemera sells RF images on CD and DVD as well as by download over the Internet, individually or through subscription, through its Ablestock.com and ImageExpress.com web sites.
Image Source in conjunction with Rex Features has developed a new rational for offering RF to Editorial buyers at lower than normal RF prices. They will be offering "one-time" use to RF images rather than "unlimited use" for what editorial users normally pay to license RM images.
Industry consolidation continues as Corbis, the second largest seller of still stock images, moves to acquire Zefa, the third largest seller. Gross revenue for Corbis in 2003 was about $140 million and they have projected $164 million for 2004. Zefa is reported to have had annual sales of about $43 million in 2003.
In this issue there are stories on: Stockphotofinder.com, Blend Images, SAA White Paper on RF, Klein Outlines Growth Plans, Picturearts Expands Creative Team, Digital Railroad, More Major Acquisitions??, Dynamic Graphics Buys IT Stock, New Getty Suppliers and Image Breakdown, GD:USA Annual Stock Survey and Getty Third Quarter Results
Jupitermedia has reported revenues for the third quarter of 2004 of $18.8 million compared to revenues of $13.3 million for the same period in 2003. Net income for the third quarter was $5.1 million, or $0.15 per diluted share, compared to a net income of $653,000 or $0.02 per diluted share, for the same period last year.
The New York Federal District Court has issued a ruling that will make it very difficult for photographers to make significant recoveries for unauthorized uses of their images unless the images were registered in advance. This ruling also makes it imperative for photographers to register their images prior to offering them for licensing. And finally, the ruling may encourage more unauthorized use because the penalties for such are less severe.
This story includes items on: PACA Names Executive Director, Epison Visual Search in Photoshop Elements, Are Average RM Prices Climbing?, Are Digital Files TOO Sharp?, Index Launches Subscription Site, OnRequest And Index Partner, and Trade Association Conference Dates Set.
Jupitermedia has announced a new low-priced subscription service for Comstock images called Comstock 1700k Subscription. Customers may acquire rights to unlimited use of 20,000 Comstock images for an annual fee of $1,199.
Bahar Gidwani provides useful information on the stock industry on his blog at www.dimdump.com. In this article I have reprinted, with permission, a two part series on Business Abstracts and his story on Editorial vs. Advertising vs. Foreign to give you a flavor of what he has to offer.
Getty Images has announced the opening of the largest photo bureau operating in Beijing as well as the addition of six editorial image collections including Aurora, Christian Science Monitor and National Geographic.
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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.