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Articles from September 2015
CEPIC has announced that its 2016 Congress will be held in Zagreb, the capital of Croatia, beginning May 25th thru the 27th, 2016. This annual event brings together stock photo distributors from all over the world. The
2015 event was held in Warsaw, Poland and attended by over 400 people from 32 countries representing all aspects of the picture industry -- stock and press agencies, cultural heritage, video vendors and producers as well as crowdsourcing and microstock companies.
Footage.net has just completed a major redesign of its stock footage search and screening platform. The new streamlined user interface, which came online in mid-August, makes it easy and intuitive for Footage.net users to proceed from a footage search to a footage purchase.
Recently, an investor looking for information about Shutterstock, Getty Images and Adobe asked me if the
stock photo market functions efficiently? Here’s what I told him.
Corbis and NetSeer have announced the launch of the industry’s first global programmatic platform for premium in-image advertising. The platform enables advertisers to programmatically target and buy premium In-Image advertising content while providing new monetization opportunities for publishers to thrive utilizing the visual content on their websites.
Flickr is curating its collection of over 10 billion images and contacting selected photographers to determine if they want to participate in
Flickr Marketplace. The Marketplace is expected to prepare images for licensing by many of the industry's RF and Microstock stock photo distributors and to pay image creators 51% or what Flickr receives.
Video education is red hot. For over a year Matthew White and Domenick Propati, CEO of Footage.net have been working to develop
Footage Access, an electronic service that allows students and faculty members at Colleges and Universities to research, download, and have limited free use of stock and archival footage in their non-commercial projects.
Recently, I received some second hand information about a major editorial agency in Europe that licensed about 70,000 in 2007. The number of images licensed was up to about 400,000 in 2014. Sounds great. But, here’s the rest of the story. The average price paid for each use in 2007 was about $167.00. The average price for each use in 2014 was a little over $12.00. Consequently, in spite of the almost 6 times growth in the number of images used in 2014 compared to 2007 the total revenue generated in 2014 was less than half that generated in 2007.
The
Getty Images Board of Directors has appointed Dawn Airey to the role of Chief Executive Officer, as of October 12, 2015. Co-founder and CEO, Jonathan Klein is
stepping up to the role of Chairman, as announced on the company’s 20th anniversary in March of this year.
Are you tired of ads for things you absolutely don’t want of need interrupting your favorite news or entertainment TV shows? Almost one-third of every hour is taken up with ads. When you’re trying to read something online do the pop-up ads that are often very difficult to get rid of interrupt your reading and train of thought? Many in the general population want to get rid of these annoyance, but how is that likely to affect revenue for image producers?
According to Zenith Optimedia total worldwide ad spend was about $510 billion in 2014 and Internet advertising (incluiding mobile) was about $122.4 billion in 2014. By 2017 digital is expected to be almost one-third (32.3%) of all global advertising or about $188 million.
Adobe has made it easier for companies with multiple designers (a creative team) to access, manage and license images from one shared Adobe Stock subscription at no extra cost. The service called “Pooled Images” allows an unspecified number of team members to have access to the same Adobe Cloud account.
Stock footage provider
Dissolve has announced that it will add royalty-free photography to its creative offering on October 1 of this year. The move comes after two years of steady revenue growth and a burgeoning reputation in the footage-licensing market.
Shutterstock, Inc. has hired photographers Chelsea Lauren, Rob LaTour, Stephen Lovekin, and Andrew H. Walker to bring the best event photography and celebrity portraiture to the company.
VisualSteam has announced the results of its annual survey of art buyers regarding the use of stock photography and video. Getty Images, iStock Photos, and Shutterstock take the top 3 spots (in that order) as the go-to resources for art buyers.
The New York Times reports that the National Geographic Society have been sold to Rupert Murdoch’s
21st Century Fox for $725 million.
Scoopshot’s new focus on providing image buyers with professionally produced on-demand photography, produced to precise specifications, is a dramatic reversal from the company’s existing strategy of supplying User Generated Content (UGC).
SuperStock has launched
Purestock, a subscription service that currently has about 3 million images, vectors and video clips. All the material on Purestock has been sourced from an entirely different set of contributors than those who supply Superstock and none of the Superstock images can be found on Purestock.
Scoopshot has launched a new initiative that every professional photographer interested in working on assignment ought to consider. Their “
Everyone’s Private Photographer” initiative makes it easy for customers to input a location, anywhere in the world, where they need a photographer and immediately see a 9-image portfolio of each photographer operating in that area who might be able to perform a photo assignment.
Shutterstock has announced that after “thoughtful consideration and exhausting many different ideas” it will shut down
Skillfeed at the end of the month. They are no longer accepting new subscribers or instructors. The platform will continue functioning for existing members until September 30th when website will be officially shut down.
Scott Braut, Head of Content for Digital Media at Adobe will be the keynote speaker at the
DMLA Conference (formerly PACA) in New York from Sunday, October 25th through Tuesday, October 27, 2015. Braut will actually be speaking at 9:00am Monday morning.
Adobe Stock has announced that it is running a promotion from September 1st to September 20th that will discount the cost of images by 50%. For this limited period single images purchased will cost $4.99 instead of $9.99. Normally the royalty percentage might be expected to be calculated on the lower price, but to the huge relief and appreciation of image creators Adobe has announced that “regardless of this discount occurring, your commission will be unaffected and you will continue to generate royalties at the current rate.”