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Articles from November 2016
Emaji, Inc. a publicly traded development stage company based in Irvine, CA has announced the acquisition of 86.6 percent of the outstanding shares of Framepool AG (www.framepool.com
), a leading distributor of stock footage with headquarters in Munich, Germany.
investors see the steadily rising number of images in the Shutterstock collection and the number of new content creators being added each quarter and come to the conclusion that there is no problem on the supply side of the stock photo business. But, having more and more product is not enough. It needs to be the right product that fulfills the customer’s needs. And the right images need to be easy for each unique customer to find.
is proud and excited to have won the tender for the exclusive representation of the British Library content in the UK. Bridgeman Images has worked for the British Library for many years across all our offices. We are delighted to have been appointed for all commercial and editorial licensing with the exception of branded products and scholarly uses which will remain with the British Library.
Let’s see if we can sell a few images for less. Check out the offers from Deposit Photos, 500px, ImageSource and Dreamstime.
A month after the Getty’s initial announcement of its Unification Project
Getty has announced that “Due to the complexity of the work required (in the iStock Royalties and Unification Project) we are pushing back most of the changes by about a month.”
In an effort to make it easier for art directors to find the right image quickly Haystack
has launched a site that lets users search multiple agency sites simultaneously. Andrew Rowat and technology developer Vache Asatryan created Haystack and call their site the kayak.com
for licensing images. They have 19 collections on the site already and say they will be adding a number of additional agency sites in the near future.
Once Getty’s Unification Project
is fully implemented one of the issues Getty and iStock photographers will need to consider is where to upload new images in order to minimize effort and maximize sales and revenue.
After looking at their sales reports, an increasing number of photographers are deciding that it no longer makes sense to produce new images. At the same time, they are aware that many of the images that they produced years ago are being used very widely across the Internet without their permission. Some are saying, “Maybe, rather than producing new images, it is better to spend my time chasing infringements of the images I have already created.”
The buzz word in the world today is “Big Data” and how it is going to improve everything. But in the stock photo business are the major agencies are really examining the data they have collected? If they were I think they would be more worried about their future and doing a lot of things differently. I don’t see that happening.
As I pointed out in a previous article
I recently contacted a number of very successful photographers who, in the 90s, earned most, if not all, of their income from stock photography. After 2000, and despite a lot of continuing hard work and cost cutting, many saw significant earning declines and eventually had to look for something other ways to support themselves and their families.
has signed an exclusive deal to distribute SilverHub Media’s
growing collection of imagery worldwide.
If you think hard work, and continuing to produce better and better images is all that’s needed to make money in the stock photography business, think again. Here’s the story of one very successful photographer who started in the business in the late 1970s and how the last 16 years have impacted his business.
has gone public with a promotion to the 95% of design professionals that use stock photography. For the first time, buyers looking for a comprehensive all-in-one search tool can review and license photography from all industry sources – and get no duplicates.
, the stock footage and photography provider, today announced the launch of three new premium stock footage collections, Dissolve Filmmaker™, Dissolve Auteur™, and Dissolve Elements™. The clips are available now for licensing and use in movie, TV, and commercial projects.
, with over 50 million stock images, and more than 16 million users has added 10,000 new images to its now 20,000 image library of free images available at www.dreamstime.com/free-photos
.?? Dreamstime also uses artificial intelligence-driven data from its companion site Stockfreeimages.com to dynamically adjust recommended image content based on user preferences
, the UK’s leading supplier of independent broadcast news has agreed a multi-year partnership with Getty Images
, to license and distribute its award-winning news archive around the world from mid-2017. The distribution agreement will see over one million clips spanning more than 60 years of iconic news footage reach an even larger audience through Getty Images’ industry-leading global platform and expert international sales team servicing millions of buyers in nearly 200 countries.
The Getty Unification Project
that creates common platforms where both iStock and Getty Images contributors can upload their images and bring them into the Getty marketing system opens the door for a lot of potential new changes. If, or when, any of the following issues will come to fruition is unclear. But, Getty or iStock contributors and anyone considering offering images to either of these companies should consider the implications of these possible changes.
In a recent promotion ImageBrief sent out a link to its “What’s Selling
” collection. This is a hand picked subset of sold images specifically organized for photographers who have asked for insights into the type of images clients are buying.
With Getty’s announcement in late October of the Unification Timeline
that is due to take effect January 3, 2017 most iStock contributors have focused on the fact that the minimum guaranteed royalty for a subscription download would be $0.02.
monitors use of the work of more than 8,000 professional photographers and photo agencies worldwide to assist them in ensuring that their intellectual property rights are protected. Notable clients include Magnum Photos, CPi Syndication, Nunn Syndication Ltd., Playboy Enterprises, and Lickerish Ltd.
has reported Q3 2016 revenue of $123.1 million up 15% from $107.3 million compared to Q3 2015. The growth is due mainly to new customers and increased activity by enterprise clients. The average price per download during the quarter was $2.91, up from $2.76 in Q3 2015 and from $2.81 in Q2 2016. There were 41.2 million paid downloads in the quarter and 102.7 million still images and illustrations in the collection at the end of the quarter up 61% from 63.7 million a year ago.
has launched a new commercial assignments venture, Verbatim
and is dedicating focus, resource and its world-leading photo expertise to capture the opportunity within the commercial sector to bring authentic visual storytelling to the fore.
has announced an exclusive three-year agreement with AM Stock-Cameo to make more than 60,000 HD clips available to Shutterstock users. This robust, diverse library features aerial footage, explosions, driving plates, and shots of hospitals, military bases, schools, and more. This is essential footage for transition and establishing shots.
Chai Jijun, Co-Founder and EVP of Visual China Group (VCG) provided a very detailed and complete picture of the stock photo business in China when he gave the keynote address at the DMLA 2016 Conference
last week. The following is his presentation.
Will crowd-sourcing images (UGC) or highly curated collections from professional creators be the future of stock photography? All the major suppliers of stock imagery are focused on acquiring more User Generated Content, but long range will that be the best way to grow revenue or create the most usable collections for image consumers? At the recent DMLA 2016 Conference
Brianna Wettlaufer, CEO of Stocky United, talked about an alternative to UGC and how to run a viable, sustainable and profitable photographer’s co-op.
Shutterstock, Inc. has signed a deal with the european pressphoto agency b.v. (epa) to distribute its unique collections of visual content globally. Beginning in January 2017, Shutterstock’s editorial customers, which include some of the largest media companies and publishing houses, will be able to license epa’s daily image content from around the world.
Adobe Stock has announced a partnership with Reuters that will enable creatives to access Reuters editorial content, as well as over 60 million royalty-free commercial photos, videos, illustrations, graphics, 3D assets and templates.
Big changes at Getty are on the way. Getty has supplied its contributors with the following information about a Unification project that will create common platforms for both iStock and Getty Images contributors. While many specifics have been provided there are still a number of questions about how this may impact current contributors and industry competitors. I will comment in a later article. In the meantime, I will be very interested in comments or questions anyone in the industry might have.