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Articles from April 2020
Considering the cost of producing stock photos, it is hard to see how an average annual return of $0.49 per-image accepted into a stock photo collection can be enough to cover out-of-pocket costs let alone provide any kind of hourly return for time expended. Hourly return will certainly be far below the U.S. minimum wage.
Shutterstock has reported Q1 2020 revenue
$161.3 million compared to $163.3 million in Q1 2019 and down from $166.4 million the previous quarter. Revenue per download remained flat at
$3.42 per-image compared to Q1 2019 and down from $3.44 the previous quarter.
Footage.net has published the results of the Footage Industry Pandemic Industry Survey, which captures a real-time snapshot of how footage companies are responding to the pandemic-related disruptions that began to take hold worldwide in early March.
Founder John Griffin has announced that he will be closing the microstock site Cutcaster on Saturday April 25, 2020 after nearly 12 years of operations. He gave everyone a few days notice so buyers could make use of any existing funds they have on account and he encouraged contributors with more than $5 on account to request a payout before the closing deadline.
Shutterstock, has announced a three-year extension to its long-standing exclusive distribution deal with the UK’s largest commercial broadcaster, ITV. Currently,
this collection contains 40 million news, sports, entertainment and archival photos and they add 20,000 images of current events daily.
Shutterstock, Inc has launched an annual subscription for
Shutterstock Footage. Shutterstock’s collection of 18+ million HD and 4K video clips are now available for license through a range of cost-effective monthly plan options or for less than $9 per clip through an annual plan.
The
Digital Medial Licensing Association has appointed Elaine Vitt as Executive Director. Ms. Vitt brings a unique set of skills to DMLA, with significant experience in journalism, international marketing & communications, non-profit trade association management, event planning and content generation.
VisualSteam’s
“7th Annual Survey of Creative Pros: Stock Image Licensing” is a must read for stock image creators and stock agency managers who want insights into what leading, major stock photo buyers need, where they are going to purchase images and what they are looking for in the way of service. It is well worth the $79.99 price.
Stock photo agencies need to pay more attention to the time limitations of their customers and provide more efficient search options. As image collections get larger and larger searching for the right image becomes harder and harder for the image buyer and requires more and more of that buyer’s time. The problem with the current default search procedures is that customers must look through too many irrelevant images before they find one they can use.
Design Pics Inc., based in Edmonton, Alberta, Canada has assumed the interim management of Masterfile during the bankruptcy process. Masterfile first filed to restructure its business in
April 2017 and was unable to make any royalty payments to photographers after
January 2018. According to information supplied to creditors by Harris & Partners, the insolvency trustee, as of March 3, 2020 Masterfile had total assets of $270,000 and total liabilities of
$4,092,654.41. They owe royalty payments for the images they licensed to 530 stock agencies and independent photo creators.
It turns out that the link I provided for Alamy’s list of photo needs only works for me. Readers have found that when they click on the link it simply tries to open their Google Mail page in a browser.
So here’s the list.
Most of the country, and the world, is now “sheltering in place” and doing everything possible to minimize contact with others. Under these conditions freelance photographers will find it very difficult to produce new, marketable images. The following are some ideas for ways to t productively occupy your time and better prepare to generate revenue when life gets back to normal.
The
good news is that under the new Coronavirus Aid, Relief and Economic Security (CARES) Act virtually all self-employed freelance photographers should be able to qualify to receive
$600 in federally funded COVID-19 pandemic benefits for up to 13 weeks. In addition, some may also qualify for up to 26 weeks of regular state unemployment.
This program extends coverage to those who ordinarily would not qualify for state unemployment, including the self-employed, independent contractors and gig workers.
House of Pictures, the picture agency for premium interiors, has been part of Image Professionals GmbH since
October 2019. The Munich-based agency group unites various leading specialist picture agencies under one roof. The website
www.houseofpictures.com has undergone a complete re-launch, presenting new agency content, updated functions and a revised, fresh design.
Shutterstock, Inc. has announced that its footage offering is now available for license in SD, HD, and 4K for customers using
iOS and
Android applications. With over 17 million videos in the collection, searching, saving and licensing footage content allows customers to create engaging video content from a mobile or tablet device.
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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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