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Articles from May 2007
I believe the gross worldwide revenue that is generated from the licensing of stock imagery, both still photos and illustrations, is about $1.8 billion annually. This story explains in detail the process I went through to arrived at that number.
This edition has stories on: Getty Images Provides Footage For Fox Reality Show; Fotolia to Raise Prices with Site Revamp; Getty Images Appoints High-Profile General Counsel; Quark Symposium Offers Stock Agencies Promo Opps and Jupiterimages Appoints New Marketing VP.
This edition of Random Thoughts has two stories. One on New Aggregator Sites that are trying to suppliers additional ways to reach customers, and a second on the CEPIC international conference and trade show that takes place next week where the theme of one of the major seminars will be: Imagery from the Majority World - The Untapped Potential.
The two stories in this edition are by Julia Dudnik Stern who will be working with me in the future to expand the coverage of Selling Stock. The stories are: Publishing Challenge: Popularity of User-Generated Content and Microstock vs. Traditional Imagery: the Case Against One-Stop Shopping.
He's been called everything from the father of stock photography to the sage and guru of the industry. Now his biggest source of pride is being the father of a top stock shooter. This describes Tom and Jamie Grill, the father/daughter stock producing duo and powerhouse creative team.
The story provides an extensive analysis of the Association of Commercial Stock Image Licensors' study of the worldwide stock footage industry. This association determined that gross revenue of the industry is approximately $282 million but more importantly examined many specific issues related to the industry.
a21's image licensing revenue for Q1 2007 was up 4.4% compared to the previous quarter and 8% above Q1 2006. Total revenue (48% for Art Select) was $6,124,000 for the quarter down from $6,283,000 in the previous quarter.
Jupitermedia had $34.8 million in revenues for Q1 2007. All the revenue growth was in the Image Division which had $27.914 million in sales up $1.1 million or 4% compared to Q1 2006.
At its annual meeting PACA invited four representatives of the stock photo trade press to discuss current industry trends and share their opinions of what stock photo agents might expect in the near future. The speakers were Daryl Lang of www.pdnonline.com, Chris Ferrone of www.abouttheimage.com, Ron Rovtar of www.stockasylum.com, and Jim Pickerell.
This story is a detailed examination of the business of one successful Getty Images photographer's as he has tried to grow his stock photo business in the last three years.
This issue has stories on: Corbis To Promote Gary Shenk to CEO; The Future Of Print Publications; Digital Railroad Launches Marketplace; China's Stock Photo Market; Aurora Select Launched; Getty Reports Q1 Results; Micropayment Impact; Trends For Getty Photographers; German Stock Photography Market; A21 Reports 2006 Results; Revenue Up In Q4 At Jupitermedia; Advertising Growth; Images In Getty Collection; Image Bank To Go Rights Ready.
This issue has items on: Getty Removes Images; Web Video Summit; LIFE Archive; Getty Completes Acquisition Of Wireimage; Shutterstock Statistics; Online Newspaper Readership On The Rise; LuckyOliver Introduces New Pricing Model.
Getty Images reported revenue for Q1 2007 of $212.6 million, up from $200.9 million in Q1 2006 and $203.5 million in Q4 2006. Net income was $38 million or $.63 per share. The company also acquired Punchstock.
This edition includes the following releases: Getty Images Appoints Craig Peters To Lead Footage/Multimedia Division; Seamless Photo Workflow Topic At CEPIC Conference; A21 Enters Mobile Space; Image Works To Distribute Eastman House Collection; Corbis Helps Hallmark With Rights Clearance; Image Source Expands Regional Offices; and Images24 In South Africa.
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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.