Getty Images has announced an internal re-organization to arrange their seven ''brands'' into four customer-facing divisions and to produce vertical hub sites for each division. The strategy is outlined and some of the difficulties for photographers are examined.
More agencies are deciding that their survival as they compete with RF is dependent on being able to sell high-end exclusive rights. To do this they believe they need to control the rights to all similars to their catalog images, not just the image itself. This tends to limit sales, and gross dollar volume, for many photographers and is creating quite a dilemma.
As more and more customers choose Royalty Free over Rights Protected Images the overall size of the market for stock photos, in terms of dollars, not number of images used, is changing. Consider the statistics.
With this file you can print out the entire July 1999 issue of SELLING STOCK which includes: Comstock For Sale, Business Week Raises Rates, Editorial Photo Forum, Corbis Acquires Sygma, Geographic Guilty of Copyright Infringement, TSI Pricing Structures, Getty Buys Art.com, ''Artists Choice'' at EyeWire and more.
Several short items including: TSI Production Shoots, Video Pirates, Web Advertising Rates, Lifting Images Off The Net and more.
Business Week has announced an interm rate increase after receiving pressure from a group of editorial photographers. Negotiations are continuing with two full proposals on the table and more is expected by fall.