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Articles from May 2012
According to Kantar Media $144 billion was spent on advertising in the U.S. in 2011. Television received the largest portion of this (47%) divided between Broadcast ($38.5 billion) and local and national Cable TV at $30 billion. Digital advertising is growing at a rapid pace. Newspaper and Magazine revenues are declining.
Houghton Mifflin Harcourt
(HMH) filed a voluntary petition for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for the
Southern District of New York. The “pre-packaged” comprehensive
financial restructuring plan will eliminate $3.1 billion of the
company’s debt through a debt to equity transaction with its bank and
recently announced the release of Image ExpertTM. The
20/20 Software Image Expert is an advanced workflow and image processing
application. It provides image analysis using a set of rules provided
by the library; image conversion, image resizing, renaming, and metadata
has launched 123RF Stock Footage. Clients can choose from over 75,000 high definition video clips at www.123rf.com/stock-footage/
in addition to Royalty-Free Stock Photo and Illustrations.
just received $150 million growth investment and Shutterstock
will have over $100 million from an IPO soon. What will they do with the money? Check out this story to see what we were able to glean from Shutterstock's S-1 filing with the Securities and Exchange Commission and from other industry sources.
Hellman & Friedman, the owners of Getty Images Inc, have retained Goldman Sachs Group Inc and JPMorgan Chase & Co to examine a possible sale or public offering of the business. According to press reports a sale or IPO could value Getty Images at $4 billion. This move follows announcements last week by Shutterstock
. Shutterstock hopes to raise $115 million in its IPO and Fotolia received a $150 million growth investment from Kohlberg Kravis Roberts & Co. for a 50% stake in the company
Will the stock photo market generate $5 billion annually in revenue by the end of 2012? Don't You Believe It
.In its recent S-1 filing Shutterstock quoted BBC Research as saying the "market for pre-shot commercial digital imagery is expected to exceed $5 billion in 2013." I think the market for stock still photos, illustration and footage will generate no more than $2 billion by the end of 2012.
has released the results of its 2012 survey of “What Buyers Want From Photographers
.” ( ) This guide, compiled in conjunction with AgencyAccess, will be useful to photographers seeking assignments as well as those marketing stock. The survey was sent to 90,000 buyers of photography and more than 1,000 responded.
, the leading food media agency, is adding a new product to its extensive visual collection: instructional Recipe Videos, offered with a package of additional complementary information services. The Recipe Video collection is targeted at the food, retail and hospitality industries, as well as a broad user group of online media.
123RF has announced a partnership agreement with Zcool, mainland China's
renowned creative designer platform for graphic designers. Designers
show their work on Zcool and there is a degree of sharing of the work.
The American Society of Media Photographers (ASMP), along with the
Professional Photographers of America (PPA), has submitted comments to
the U.S. Copyright Office in response to proposed new registration fees. In formulating the Copyright Office comments, ASMP surveyed its members
about copyright registration and received nearly 900 responses.
A three-judge panel of the Washington State Court of Appeal has substantially
affirmed a trial court judgment against Corbis Corporation for Fraud,
Breach of Contract, Breach of the Duty of Good Faith and Fair Dealing,
Misappropriation of Trade Secrets and Unjust Enrichment over the ownership of Infoflows' Fedmark technology. The original jury awarded $36 million in damages. Following trial the judge reduced the damages to $12.74 million.
Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates,
"KKR"), today announced a $150 million growth equity investment in
Fotolia. In addition, KKR, TA Associates and Management worked with KKR
Capital Markets and a number of relationship banks to put in place a
$150 million senior financing for the Company.
has filed plans with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company intends to list its stock on the New York Stock Exchange under the symbol “SSTK” and hopes to raise around $115 million through this IPO. The number of shares to be offered and the price range for the offering have yet to be decided.
In web advertising what produces the best results still photos or videos? You may be surprised. This story outlines some of the things that are happening that will change the way customers choose their images and some of the things you can do to increase sales.
In March it was reported by Moody’s and Standard & Poors that the
gross revenue for Getty Images in calendar 2011 was $945 million. This
figure, and how the various lines of business break out, provide some interesting insights into the state of the stock
The stock photography industry has to face the challenge of becoming relevant in an economy that has no patience for inadequate business models. Today the vast majority of photographs are used without any contact with the traditional photo industry, which has completely lost control of production and distribution. But the industry continues stubbornly to apply old rules to this new landscape. It does not see, or purposely wants to ignore, that their model does not fit current needs and thus is chasing customers away.
has introduced a new simplified licensing model for Rights Managed (RM) Images that they call EvoRights. EvoRights focuses on four primary price drivers: use type (commercial or editorial), intended media (print, digital or both), duration and geographic distribution and allows customers to determine the usage fee in as little as three clicks.
An Australian company called ImageBrief
, has developed a way for buyers to submit briefs directly to photographers for the images they need. This cuts out the stock agency middle men, and eliminates the need for buyers to wade through massive online databases of images.
has launched a simple and intuitive plugin
for several programs in the new Adobe® Creative Suite® 6 (CS6). The FREE plugin enables designers to search and directly download images within the programs without interrupting their workflow. A one-click comp replace feature automatically exchanges comp images with purchased images, perfectly resized and positioned within the working page layout or design.
As of the end of April PacaSearch had 169,352,194 searchable images on www.pacasearch.com
. That is a lot of images. And the number is constantly growing. But, the number is not what makes searching on this site unique. What’s amazing is the fact that all the images are easily available for licensing because trademark, copyright and release issues have been addressed and sales models have been created.
The U.S. Copyright Office is proposing to increase the registration fee for filing an online application from $35 to $65, and the fee for using a paper application from $65 to $100. They are requesting a fee increase because in 2011 fee receipts only covered 59.5% of the cost of providing the service. The rest comes out of the taxpayers pockets.
Alamy has announced the expansion of its 100% Royalties project
, designed to give young photographers experience of a professional stock photography agency. Launched in a number of universities in the UK and USA in 2011 the project has proved a real success. In fact, it has been such a success that it is being extended into a second year.
RM photographers Take Note!! With the launch of PeopleImages.com
Yuri Arcurs has taken away your last best argument for why professional art directors and graphic designers should go to traditional RM sites to license the images they need.
Four non-disclosed sources have told Reuters that Shutterstock
is looking for underwriters for an initial public offering (IPO). A Shutterstock spokesperson refused to comment on the report or to supply financial details about the company.
has announced a partnership with the Freelancers Union, a non-profit membership organization for independent workers. The partnership will provide the union's nearly 200,000 members with creative assets and inspiration.
What's the most that has been paid for a single photo for editorial, product or other type of commercial use? Learn about some top sellers and tell us of other examples.