Both Getty and Corbis are doing deals with sub-agents. Small agents need to consider how this strategy might benefit them and photographers need to consider why these big companies, with unlimited resources, are doing sub-agent deals rather than buying these companies outright.
Short news items include: Rebecca Taylor gone from FPG, Online Uses, Kleinn's sale of stock, European agency for sale, Webshots.com possibly infringing copyright and Content demands for the future.
Getty has announced first quarter revenue of $104.8 million that significantly exceeded investor expectations. This was up from $79.9 million in the 4th quarter of 1999. Wall Street analysts were predicting $85 million. Stone's revenues rose 45% since April 1, 1999.
Stories this month include: Photographer Profits Survey, Rate Increaase at Business Week, Getty Acquires VCG, Corbis Acquire TSM, Changing Educational Uses, and Future Shock - an indepth analysis of where the industry is headed. This story looks at the choices for photographers and small to mid-sized agencies.
Corbis announced Monday that they will acquire Sharpshooters. In coming months, Corbis will integrate Sharpshooters' images into its existing offer and customers will be able to search, access, and buy Sharpshooters' images in the same way they would buy other Corbis images.
The Steering Committee of Boston Globe Freelancers' Association recently supplied freelancers with information on the potential for re-selling news material in the internet environment.
News about the Greenberg case against National Geographic, Actors Losing Rights, new TSM forum, Masterfile Pricing schedules, Digital Transfer, Web vs. Print and a new Natural Selection Stock catalog.
Blair Seitz explains in detail how he established a business of producing and self-publishing picture books. He dispels mythis about the publishing business and outlines advantages and pitfalls to avoid.
How will industry consolidation impact suppliers. This indepth analysis looks at how the industry is changing. It identifies some of the major issues to consider as we move ahead and looks at the choices open to photographers and small to mid-sized agencies.