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Articles from July 2005
Many investment analysts remain very bullish on Getty Images and expect continued growth. I'm not so sure. Recently Credit Suisse First Boston outlined the key points on which their investment thesis centers. In this story I've explained some of the reasons I have some reservations.
Short items in this edition include: Corbis Partners with European Pressphoto Agency; Hughes Out At ImageState; PictureArts Staff Receives Windfall; Alamy Reaches Three Million Images; Sales Positions At Major Agencies; Consolidation In Magazine Publishing; Bystander Photojournalism, Another Threat To The Professional; ASMP Investigates Mira; and Retrofile Sold To Getty
Getty Images has reported revenue for Q2 of 2005 of $185.3 million compared to $150.3 million for Q1 of 2004. Operating income for the second quarter of 2005 grew 39.3 percent to $55.5 million, or 30 percent of revenue, compared to $39.8 million, or 26.5 percent of revenue in the same quarter last year.
In the following article Ethan G. Salwen a San Francisco-based photojournalist, writer and national board member of ASPP takes a hard look at Adobe Creative Suite 2 and Adobe Bridge. The article explores why Adobe's decision to become a seller of stock imagery delights some creative professionals, scares the hell out of others, and what the future may bring.
Corbis has launched "rf SHOP," a new royalty free website on corbis.com with almost 200,000 high quality RF images; signed numerous leading content partners including Jupiterimages, MedioImages, and Blend, and; acquired image100 in a major move to expand its position in the RF segment of the market.
Stories in this issue are: Getty's Acquisition of Digital Vision and Photonica Examined by Office of Fair Trading; Getty Applying Pressure On Suppliers; E-Data Suit Of Getty and Corbis Tossed; Proprietary RAW Formats; PicScout To Monitor Magazine Ads; and Browntrout Publishers Slow On Payment.
These press releases include: Pressens Bild and Scanpix of Sweden to Merge; Photononstop Opens Office In Spain; Photolibrary Group Acquires Garden Picture Library.
This issue contains: Where Is The Industry Headed, Klein Interview, Jupitermedia Reports Q1 Results, Ad21 Revenue Up, SuperStock Launches Purestock, Jupiter Acquires Goodshoot, Getty Acquires Photonic/Iconica, Getty Production In India, PicScout and Digimark Partner and Changes at Coleman UK and Coleman USA.
This release contains: Veer Announces New Shuttleboard Interactive Lightbox, PictureArts Expands with IBID Partnership, PictureArts Represents Untitled Collection, Imagefood In Czech Republic, Digital Railroad Raises $5.2 Million, ImageState Partners with Hachette Filipacchi Photos, Albers Named to SuperStock Board and Travel Photographers Network Sold by Nature Photographers Online Magazine.
Jupitermedia Corporation has announced a definitive agreement to acquire PictureArts Corporation for approximately $63.2 million in cash, subject to certain post-closing adjustments.
The acquistion includes PictureArts' quality brands: Brand X Pictures, FoodPix, Botanica and Nonstock, as well as its image distribution business. The transaction is expected to close during the third quarter of 2005.
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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.