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Articles from April 2006
A confluence of events and factors have come together over a period of time to create a very dangerous environment for stock photographers. I have briefly outlined factors so photographers might easily consider the relationships and implications.
a21, Inc. has reported $2,859,000 in revenues for the fourth quarter of 2005 and is $9,563,000 in total revenue for the entire year. The net loss for 2005, excluding $219,000 for a "deemed dividend", was $4.8 million or $0.10 per share.
Getty Images reported record revenue for Q1 2006 of $200.9 million compared to $178.1 million for Q1 2005 and $185.8 million for Q4 2005. But, for the second quarter in a row investors punished the stock for not meeting market expectations. In the first day of trading the stock price dropped 13.75 percent to a closing price of $65.66, down 30 percent from its high last November.
This group includes: iStockphoto Opens Library of 700,000 Images to Hp Customers, NewsCom Offers New Subscription Service, KeenImages Launches New Royalty-free Stock Photography Website, Artzooks Extends Reward Incentive Program, OnRequest Images Introduces New Corporate Identity, JaincoTech Opens in Japan
Alamy has provided extensive data about their operations and reports that they have more then 5 million images from over 300 agencies and over 5,000 individual photographers. They are adding new images at a rate of over 200,000 per month. In 2005 Alamy added 1,555,439 new RM images and 690,295 new RF images to their site. A complete breakdown is provided in this story.
Recently Pat Hunt interviewed James West to learn a little more about the many behind Alamy. West is one of the new breed of young creative CEOs who can spot a great business model and run with it. Since 1999, he and Alamy have been breaking rules in the imaging industry and building momentum fast.
This issue has stories on: ImageState Looking For Buyer: Office of Fair Trading Clears Getty's Acquisition of Digital Vision and Photonica; Workbookstock and Jupiterimages - Will They or Won't They?; Where's Jupiterimages Headed; and Searching on Google.
At the recent PACA annual meeting in Chicago Lewis Blackwell from Getty, Mark Berns from Jupiterimages and Gary Shenk from Corbis took time from their busy schedules to give their take on the "State of the Industry, State of the Art". The full text of their remarks is included in this article.
Getty Images, Inc. has announced the acquisition of Ireland-based Pixel Images Holdings Limited, the parent company of Stockbyte and Stockdisc for $135 million in cash. Photographers shooting for other Getty brands are concerned.
At the PACA meeting in Chicago, Jeff Burke, outgoing President of PACA, gave a very balanced and thought provoking presentation on "Current Trends in the Photo Industry, Where is the Stock Industry Headed?" and announced his retirement from the industry. This story is the full text of his comments.
This group of releases includes: NewsCom Launches RSS Service; Science Faction Inks Deal With Peter Ginter; UpperCut Images Names Winters Vice President; Ethno Images Partners With Big Cheese Photos; and Clarkson Chooses Digital Railroad to Power NCAA Archives.
In testimony at the U.S. House of Representatives, Victor S. Perlman, ASMP General Counsel and Managing Director laid out a plan for a Copyright Small Claims Court that would create an inexpensive legal procedure for collecting small copyright claims involving a few thousand dollars or less.
In the past week I've had two unusual moments of revelation and insight into the stock photo business. One has to do with the cost of producing stock and the other iStockphoto.
According to sources Getty Images is about to launch a 20% off sale during April and May on any RM and RF images on its site. (No this is not an April Fools joke.) The Sale is expected to be announced in emails to customers early next week.
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About This Site
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.