Stock Connection and Pictor have agreed to terms that would transfer the image files currently under control of Pictor INC., a wholly owned subsidiary of Pictor Ltd., to Stock Connection for future management and marketing in North America. As Pictor is in Chapter 11 bankruptcy in the U.S. the deal must still be approved by the court.
This issue has stories on Anton Dentler Assuming Representation of Mon-Tresor Catalogs, Corbis Iron Mountain Storage Facility Opens, Workbookstock.com Releases Print Catalog and Burak Joins TimePix.
Sheldon Marshall reports that his position at ImageState has changed to that of Deputy Chairman of ImageState Plc. He never had ''day-to-day operational responsibility'' as my report on May 4th indicated. (See Story 477.)
Sources indicate that Sheldon Marshall has been removed from day-to-day operational responsibility at ImageState and has been given the title of Vice Chairman. For the immediate future Chris Adamson, ImageState's Chief Financial Officer, will take over responsibilities as President of the company while they search for a new Chief Executive.
This issue contains articles on Textbook Revenue, Royalty Payment Issues, ImageState Restructuring, Getty Sales Up, SuperStock Acquires Powerstock,The Exclusive Dilemma, E-Data Moves to acquire royalties from JPEG users, Zefa Belgium Bankruptcy, Ward vs National Geographic and more.