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Articles from November 2006
Included in this story: Corbis Names Gary Shenk President; Alamy & BK Wine Collaborate; Corbis Offers Financial Award For Pro Bono Creative Work; Eye Candy Images; Masterfile Tag Clouds; Alaska Stock Promos Win Coveted International Recognition; Greenhouse Gas Reduction Program At Alamy; Going Global With Pepper Stark; Getty Images Strikes Red Carpet Gold; UPDIG Guidelines
This article includes stories on: Getty Launches Beta Test Of New Site; Corbis Names Gary Shenk President; Amana Images; Corbis Wins $20 Million Judgement Against Template Monster And Others; The Cover Story Terminates Stock Photo Operation; Photographers Receiving Photolibrary Payments; Cannibalizing Customer Base; Integration And Payment Problems and Anthony Harris Leaves Getty.
a21, Inc. has reported $5,904,000 in revenues for Q2 2006, but only $2,986,000 of that was for the stock photo side of the business. ArtSelect which provides wall art for homes and businesses provided $2,918,000.
This story provides a chart that illustrates what has been happening to Getty Images return-per-image over the last four years. Getty's gross revenue from still image licensing has grown about 50%, but as the charts show, not nearly as fast as the number of images added to the collection. As a result image suppliers have found that they have to produce more and more images each year just to stay even.
In March I did an analysis of the search return order of the various brands on the Getty site. Given the number of new collections, the number of images Getty has been adding to the site and their intentions to add significantly more, it seems like a good time to update those figures. The results provide some interesting insights.
Getty Images has opened the door to a broad base of professional and amateur photographers to join the new brand Lifesize and market their images through the Getty web site.
Who needs professional image creators when you have crowdsourcing? Doritos and the NFL plan to air ads created by non-professionals during the Super Bowl on February 4, 2007. No kidding!! Learn more about it.
During his last conference call for stock analysts Jonathan Klein provided some broad outlines for dramatic changes in strategy in 2007 (See Story 884). Both Getty photographers and others in the industry have expressed deep concern regarding the implications of some of the proposed changes. This story explores what Getty might and considers options photographers and other suppliers might have.
Jupitermedia had disappointing quarter with revenues or $33.8 million for the period ending September 30, 2006. This was down $1.2 million from $35 million in Q2 2006, and only a $2 million improvement over the same period a year ago despite significant acquisitions during the year. Revenues for the image division were $26,177 million down $630,000 from the previous quarter.
Getty Images, Inc. has announced that its board of directors has established a special committee to conduct an internal investigation relating to the Company's stock option grant practices and related accounting for stock option grants. This review is being conducted with the assistance of outside legal counsel retained by the special committee.
This issue contains the following stories: Sea Change At Getty; Getty Has Disappointing Third Quarter; GDUSA Survey Results; Alamy Changes Rate Structures; Where Are Pricing/Volumes Headed?; Corbis To Handle Veer's Solus Imagery; Industry Slowdown; RF Producers Form ISPA; Some Thoughts About Microstock; Other Micropayment News; Art Directors Speak Out
Photographers and image suppliers to Index Stock Imagery welcome the news that after years of delay they will finally be given sales reports and paid royalties for the usage of their images.
Checks should be arriving in a couple of weeks.
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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.
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