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Getty Images is asking image creators to add their names to an open letter to U.S. Senators
. The letter asks the Senators to say NO to Google’s anti-competitive Image Scraping practices that harm visual artists and other independent creators.
Getty announced on April 27th that it would file a complaint against Google with the European Commission concerning Google’s anti-competitive business practices. On May 20th, to the chagrin of CEPIC, they announced they would not pursue
a copyright case against Google in U.S. courts
It does little good to blame someone else for how things have changed. We’re not going back to the old ways. The important thing is to figure out how to move forward. As might be expected not all readers agree with my take on where the industry is headed. A month or so ago a reader wrote: “When you write articles you must be impartial. The problem is you are very close to the Picture agencies that are destroying Photographer’s jobs. So its very difficult for you to be impartial.
A month or so ago a reader wrote, “When you write articles you must be impartial. The problem is you are very close to the Picture agencies that are destroying Photographer’s jobs. So its very difficult for you to be impartial.”
Since then I have been doing a lot of thinking about “impartial,” It may be time for me to provide a clear explanation of how I see my role as editor of Selling Stock.
Photographers are discovering that Getty
is being paid fees by Pinterest
for images it doesn’t represent.
has launched an Adobe Photoshop plugin
that allows user to find images in the Getty collection and then edit watermarked images in Photoshop. If any image found and manipulated in this manner is later purchased, the edits will be applied to the licensed content.
An increasingly competitive marketplace has led Yahoo-owned Flickr Marketplace
to bow out of the stock photography market. After Getty Images terminated its agreement with Flickr
in March 2014 that had enabled Getty to add almost 900,000 images from Flickr photographers to the Getty Images collection, Flickr decided it would set up its own Flickr Marketplace to market the images from its photographer community.
After publishing my analysis of PicturEngine
last week (9/14) Justin Brinson, PicturEngine CEO, made extensive comments. I’ve decided to re-publish the entire story with Justin’s comments inserted where he indicated. I hope this gives readers a clearer understanding of this new search engine.
One-hundred thirty-seven photographers from 27 countries responded to our Stock Photo Revenue Trends
survey. Forty-seven percent of the respondents were from North America and 14% from the UK. The rest were spread rather evenly among other countries.
Adobe has launched the public beta of the Adobe Stock Contributor Site
, a new platform that enables creatives to upload and sell their photos, illustrations, videos and vectors to the world’s largest creative community.
Recently, I was asked for my thoughts on stock photo industry revenue growth
between 1992 and 2016 with particular attention to the intermediate 8 year periods leading up to 2000 and 2008. I was also asked to make an estimate of the number of professional photographers in the world for the same years. I’ll deal with revenue growth first and the professional photographers later.
The 2016 Digital Media Licensing Association (DMLA) annual conference
will be held in the Hyatt Regency Hotel in Jersey City on October 27-29. DMLA is known for its exceptional educational programming related to current industry issues.
On 14 September 2016 the European Commission published its copyright package including a draft directive on Copyright in the Digital Single Market for promoting a “fair and efficient European copyright-based economy”. CEPIC represents hundreds of picture agencies and hundreds of thousands of photographers. CEPIC’s
members have been digitizing visual content from the advent of the Internet. They license the resulting digital asset for all kinds of commercial uses, to newspapers, magazines, advertising, broadcasters, off and on-line, etc.
A new stock photo source called Foto Sushi
, LLC has launched a custom library of unique portrait photography suitable for any project. This small collection of what many photographers will classify as very simple images is interesting because it was created by Jon Anderson, a seasoned Art Director and Creative Director, who believes he has identified an unfulfilled need of his colleagues – image buyers.
After years of development PicturEngine
is about ready to begin promoting its search engine to customers. It has more than 500,000,000 keyword searchable images from 64 stock photo agencies and hundreds—soon to be thousands—of individual photographers.
has published a infographic
on The Top Trends Shaping The Future Of Imagery. Photographers looking to produce the kind of imagery customers want to buy may want to make note of these trends outlined by Keren Sachs, Director of Content Development at Shutterstock and Offset.
In the last few months I have argued that the stock photo industry needs smaller, better curated image collections. However, many of the major image collections have consciously decided that a totally opposite strategy is the best course of action. Agencies want to leave the curation process up to their customers.
The Mega Agency
is partnering with the News and Entertainment division of Australia’s premier photo agency, Snapper Media, the two companies announced today, September 12th, 2016. The Snapper News and Entertainment division will operate under Mega’s name and both partners are confident the new venture will become an even more formidable player in the Australasian markets.
Are graphic designers trying to raise their clients to the next level of quality becoming frustrated with generic images and insisting on more images that relate specifically to the brand. Here’s what one website design company in Pittsburgh is doing. Top Hat IMC
, a Pittsburgh website design company
, has launched its very own in-house brand photography service.
The last day to respond to the Stock Photo Revenue Trends
Survey that we launched last month will be September 17, 2016. For more information about the survey see here
. The good news, so far, is that 13% of the respondents earn over $80,000 a year from stock sales alone.
, Inc. has announced that its vast collection of 100 million high-quality photos and illustrations is now accessible within Adobe Photoshop® software through its new custom built plugin. With more than 100,000 new images added every day, the Shutterstock plugin boasts the largest collection of photos and illustrations that can be licensed directly within the Creative Cloud desktop application.
I have a theory that a very high percentage of the uses of editorial or news pictures occur in the first month or two after they are shot. Newpapers, magazines and websites use the images when they are fresh and then move on to the next news happening. Of course, certain events will have historical value and key images from these events may be used over and over in future years – Iwo Jima flag raising, World Trade Center, Hindenburg crash, etc.– but it seems to me that such situations represent a very small percentage of overall use.
Students who have decided to study photography at the post secondary level (college or university) should sign up for the Alamy Student Scheme
and begin to get a realistic idea of the value of their work in the marketplace. Alamy can help the student learn what customer’s want.
, Inc. has acquired of over 700,000 images from two prominent photo collections: The Art Archive and The Kobal Collection. Both collections, previously held by UK-based The Picture Desk, are now available to Shutterstock Premier customers globally.
Yesterday, I talked about why the business of licensing rights to stock photos - as currently structured - is Designed To Fail
unless some major changes are made. Two of the changes needed are: (1)
make finding the right image for a project much easier for the buyer, and (2)
improving supplier efficiency.
The basic operating structure of how most stock photo agencies acquire and market images has not changed in 15 to 25 years. Image creator produce and submit their work to an agency. The agency may reject some of it, but most will go into an online collection that customer can review. When a customer finds something she wants to use she pays a fee and the image creator receives a percentage. The agency’s job is to manage the material, make customers aware that the collection exists, license use of the image for whatever they can get and collect money.
, one of Germany’s leading photo agencies, and Science Photo Library
(SPL), the world’s leading source of science and medicine content, have announced a strategic partnership aimed to deliver SPL’s collection of scientific imagery to the German market.
The Frans Lanting Studio, located in Santa Cruz, California, home base of one of the world’s foremost nature photographers has an opening for a Digital Asset Manager to manage the Studio’s digital assets from ingestion to application. The position requires proficiency in Mac OS, Adobe Lightroom, Photoshop, Keynote, Microsoft Office.
The Mega Agency
is launching with an archive of 30 million images after signing a ground-breaking agreement with Newscom
, the world’s largest multi-agency archive of digital images.
The 2016 DMLA Annual Conference (http://digitalmedialicensing.org/conference.shtml
) will return to the Hyatt Regency Hotel in Jersey City, October 27-29. Registration fees are due to go up on September 1st, but the deadline for the discounted rate has been extended to September 9th for those who use the promo code DMLA16
If you’ve been shooting all summer and haven’t had time to keep up with your reading here are links to a few stories you might want to check out as we move into the fall. To begin, be sure to complete the recent Stock Photo Revenue Trends Survey
. Initial results show that two-thirds of the respondents have seen their annual revenue decline since 2010 with the most significant declines in the 2013 to 2015 period. However, 19% of respondents saw revenue growth of 20% or more between 2013 and 2015.
Recently, I decided to take a look at the number of images in the various Creative collections on Gettyimages.com
. The numbers are very revealing and in some ways surprising. Getty has 16,687,710 million images in its Creative collection, 10,341,296 of them or 62% are RF and the rest are RM. (Obviously, these numbers grow slightly every day.)
Of the millions of stock images which ones are actually being purchased and used by customers? Photographers trying to earn a living need better information about exactly what images are selling so they don’t waste time shooting things no one is interested in buying.
I have been told that there are at least 650 million images available for easy licensing in various databases around the world. This doesn’t include all the images that can be found by searching Google, Bing and the social media web sites where other images can be found, but not easily licensed. Only between 1% and 4% of these are ever licensed. Do photographers need better information so they don't waste so much time shooting all those images no one wants to use?
is conducting a worldwide, blind Stock Photo Revenue Trends
survey and is asking all photographers who earn money through licensing rights to some of their images to respond. Individuals can respond to the short, 8 question survey by going to this link
. A full report of the results will be available to each respondent.
According to Reuters
China’s richest man, Wang Jianlin, is stepping up his push to take over one of the major Hollywood studios.
Seattle based Blend Images
workflow team is seeking an innovative, results-oriented, stock video professional to oversee content editing, quality control, distribution and support of its fast building stock clip library. The ideal candidate will have experience in stock video production, solid technical skills, sound business judgment and work well in a team environment.
Today, Peter James made comments on my Facebook page
to several of the stories listed there. I can understand his frustration. Here are links to the stories he looked at, his comments and my reactions to those comments.
Darrell Perry has been named Executive Director of ASPP
(American Society of Picture Professionals) and has written to members and friends informing them of recent changes and asking for help in recruiting new members.
Do photographer’s care if their name is attached to their images, or just that the images generate some revenue for them? While doing some recent searches, I discovered it can sometimes be very difficult to determine who created an image.
Three senior news executives have joined Kevin Smith’s new media company, The Mega Agency
. Smith is delighted to announce that Paul Tetley, David Leigh and Karlo Pastrovic have joined the Mega team.
, a London-based image licensing startup launched two years ago, has announced that it now has more than three million images in its collection. “Our three millionth image was uploaded by a photographer in China, of a family playing ping pong in a Beijing park,” says Picfair founder Benji Lanyado.
reports that a current visual trend seems to take advantage of “instagram – like” filtering that pulls up the black point of the image and reduces the contrast.
Brooks Institute, possibly the premier photography trade school in the U.S., has announced that after 70 years of training media and visual arts students it will close its doors on October 31. Students, faculty, and staff were informed of the closing at a meeting with school representatives on the morning of August 12, 2016.
A US-based celebrity photo agency is currently looking for a buyer interested in taking over its operations or acquiring its archives. Founded in 2003 by a music photographer, the company has established reputable and strong relationships with publications, artists and publicists. With just one highly motivated owner who wishes to retire, it is profitable, has no debt and is reasonably priced. A buyer could either manage the company as an independent archive or integrate the archive (1.4 Million images, fully captioned in English) to its own collection.
If you’re curious as to why Shutterstock’s stock price keeps rising while from the perspective of many in in our industry Shutterstock’s long term growth prospects don’t appear to be that favorable, David Trainer offers some interesting insights. See here
. Trainer is CEO of New Constructs (www.newconstructs.com
), an independent research firm that leverages proprietary technology to find key insights from the Financial Footnotes of 10Ks and 10Qs. After studying his analysis here are a few of my thoughts.
It is that time of year when students are getting ready to head off to college. Most will go there because it sounds like more fun than going out and getting a job and because they have been told that a “higher education” will give them a better chance at future career advancement and eventually earning more money.
Some European photographers, particularly in France, think many of our industry’s problems could be solved with a Photographer’s Union. Unfortunately, a Union of Professional Photographers would probably only make the situation worse for most union members.
, the world’s largest provider of royalty-free stock videos, music tracks and sound effects, as well as millions of photos, has announced the appointment of Jason Teichman
as the company’s new Chief Executive Officer and Board Director. In this role, Teichman will help the company continue to accelerate its growth by scaling its creative marketplace, leveraging its unique relationship with the artist community, and furthering its investments in emerging media such as drone footage and 360-degree video.
, the world's leading multicultural stock photography agency, has recently announced the launch of a new website with a focus on world-class curated royalty free imagery
and motion clips. The new Blendimages.com
offers an improved user interface, a simplified pricing model, large image previews, and is the only place to search the entire Blend Images collection.
RM photographer working with the major stock production companies may have some very difficult decisions to make in the near future.
With the rise of Offset
, AdobeStock Premium
and iStock Signature
it seems that RM photographers that are not also owners or shareholders of production companies, like Blend Images
, Image Source
and Tetra Images
, may find that they can earn more by moving their collections to RF.
A reader sent me a note recently indicating that after seeing an Offset
promotion he had asked Shutterstock
the following question: “Do you think, clients - professional or not - are expecting this level of imagery from a high end collection?” The images shown in the promotion were taken in Thailand by Brooklyn-based photographer Lucy Schaeffer
. The Offset tagline said “her images mix refined, understated luxury with the country’s beautiful and dramatic scenery. Be Transported.” The following are links here
show the two images that were shown in the promotion.
has reported Q2 2016 revenue of $124.4 million up from $104.4 million compared to Q2 2015. The growth is due mainly to new customers and increased activity by enterprise clients.
This is an update on the story we published last week
concerning Carol Highsmith’s copyright infringement suit
against Getty Images and other defendants.
has been acquired by Bytedance, a digital tech company based in Beijing. The stock agency will continue to operate independently as a photo, video and commercial licensing agency serving editorial media, advertisers, creative agencies and brands, in China, Hong Kong and Taiwan.
The needs of stock photo customers are changing. Successful agencies and distributors are adapting to those needs. Increasingly, customers are turning away from the large collections that purport to have everything. They are moving toward smaller, tightly curated collections that have a narrow focus in terms of the subject matter they represent. Aurora Photos
is one such agency.
Photographers who saw ImageBrief’s a recent blog post
about Pamela Olivera’s shot that was used worldwide in a Delta Airlines campaign have been asking why Delta would take such a risk on an unreleased picture. Other ImageBrief photographers have commented lately that ImageBrief does not determined whether or not they have releases on at least some of their accepted pictures. They seem to simply accept that every image submitted has all necessary releases.
that photographer Carol M. Highsmith
has filed a copyright infringement suit in New York against Getty Images
. Damages could be worth $1 billion.
investors often ask my opinion of stock photo industry’s future and the potential for Shutterstock’s growth. I tell them growth will slow significantly. Demand from customers willing to pay for the images they use will decline. Shutterstock has grabbed about all the customers they can from Getty so there is not much potential for growth there. Adobe will take a much bigger share of the market. Recently an investor asked me, “What would you do if you were Shutterstock?” Here’s what I told him.
has created a infographic
timeline showing the History of Stock Photography. They are actively seeking feedback and interaction on the infographic so that we can gather as much information as possible.
, has implemented a significant improvement to its website security by switching all site pages to "HTTPS" including the dedicated mobile website and the Dreamstime applications for iOS and Android.
Many RM photographers are opposed to Royalty Free because they believe that for a single low fee they would be giving away all future rights to use their images. That’s not quite true. Check out this story to see the real differences and understand how much you might really be giving away if you license your images as RF.
In response to changes in the industry and client requirements Africa Media Online
has introduced a new simplified pricing model. The South Africa based picture library has moved away from the complexities of narrowly defined RM usages and is now offering clients a simple procedure for establishing what an image costs.
Shutterstock has launched a new keyword suggestion tool for iPhone that leverages a combination of metadata (man) and pixel data (machine) to suggest more relevant and accurate keywords for images that are uploaded in the Shutterstock contributor app
After reading last week’s article on “Rights Simplified Pricing
” a reader asked if I could expand on why an alternative to Rights Managed pricing is needed. He said that seldom has he found that customers are unwilling to pay fotoQuote
RM rates that are based on how images are used. The following is my response.
Congressman Hakeem Jeffries (D-NY) and Congressman Tom Marino (R-PA) have introduced a bipartisan small claims bill, H.R.5757, the Copyright Alternative in Small-Claims Enforcement (CASE) Act of 2016. When Congress reconvenes after its upcoming six-week recess Congresswoman Judy Chu (D-CA) plans to introduce a separate version of small claims legislation establishing a small claims tribunal in the Copyright Office.
To deal with increased customer demand for simpler, easier to understand pricing, and the general decline in the use of Rights Managed images industry wide, plainpicture
in Germany has introduced a new pricing model they call (RS) plainpicture Rights Simplified
. has announced an API integration with Google. The image licensing deal provides Google’s digital and mobile display advertising products, including Adsense, Adwords, and Admob, with access to Shutterstock’s collection of more than 90 million images for license.
Singapore based, MotionElements
has introduced VisualSearch
v2; two improved revolutionary tools that simplifies all creators’ search for that perfect footage or music to use in their projects.
One of the principal reasons for licensing images as Rights Managed rather then Royalty Free is to insure that the customer pays additional fees whenever they reuse an image. With RF, once purchased, the customer can use the image as many times as they want. But how often do such multiple uses occur?
Recently, I asked about 100 medium sized stock agents around the world a series of questions to try to get an understanding of the revenue generated from images supplied to them by other stock agencies as opposed to revenue from images the agent had collected directly from image creators.
A few iStock contributors tell me that since the introduction of subscription sales in March 2015 downloads
as reported on the contributor’s portfolio page no longer tell the whole story.
Paul Banwell, Senior Director, Contributor Relations for Getty Images has just sent contributors the following letter regarding Getty’s directions for the future. This information should be of interest to every stock image producer and distributor regardless of their relationships with Getty Images.
Some iStock contributors continue to add significant numbers of images to their collections, despite the decline in the number of downloads
and we presume revenue, since average prices per-image downloaded have also declined.
Downloads from iStock continued to decline in the first half of 2016. Since 2011, I have been tracking the number of downloads and images in the collection of 430 of iStock’s leading contributors. At the end of June 2016 these contributors had between 56,465,000 and 58,967,000 total downloads during their iStock careers. iStock has over 100,000 contributors, but despite the small number in this group we believe the images licensed by this 430 represent almost one-third of all the images iStock has licensed since the company began operations.
A couple weeks ago I wrote an articles asking “What Is ‘Commercial’ Stock Photography.”
I questioned how big the demand is for “candid,” “natural” and “real life” grab shots of what happens in front of the photographer rather than staged shots that look real but are carefully posed with great production values. A reader suggested I contact Jerry Taven who founded Nonstock about a fifteen years ago.
One of the biggest problems with stock photography licensing today is that there is often no clear logic behind why a higher price should be charged for one image and not another. In this article we explore how the industry's marketing strategy might be improved to generate more revenue for creators and distributors, as well as making the image search process more user friendly for customers.
Photographers choose to sell their work as RM for three reasons: (1) They believe that everything they produce should only be licensed for prices higher than those charged for RF, (2) They dream that one, or a few, of their images will eventually be licensed for an extremely broad, major use. Customer who make such uses are willing to pay multi-thousand-dollar prices for exclusive rights to such images, and (3) Such high value sales can only happen if images are always licensed based on use. There are several fallacies to these arguments.
has taken action against a serious copyright infringer who was discovered to have improperly accessed, downloaded and distributed Getty Images content through social media.
Skilled digital artists don’t need more photos. Everything needed to recreate many of the world’s most famous masterpieces already exists
. Adobe challenged four digital artists to recreate four lost, stolen or destroyed artistic masterpieces using only Adobe Stock. If you’re a photographer, and not a Photoshop expert, you need to take a few minutes to watch the four time-lapse videos that show how these digital artists worked. See Make a Masterpiece
has unveiled an innovative new portal for photography contributors to upload work to their site.
has been chosen as a distribution partner for photo content from international news agency Reuters. The deal will give all of Alamy’s customers in the UK, US, Canada and Ireland access to millions of images that span over 20 years of incredible news photography.
Adobe has released a host of new features and performance enhancements for its Creative Cloud users. Of greatest interest to stock photographers is the addition of an all-new Premium Collection
of over 100,000 high quality stock images. Images will be available for single download purchase and priced between $100 and $500. In addition, there are other key enhancements to Adobe Stock that provide a deeper integration with Creative Cloud apps.
I recently asked Chris Ryan of CAIA Image
to explain how their company came into existence as a stock photo production company, and how it operates. He sent me the following and said, "we are always looking for new contributing artists whose work we think is truly outstanding."
, has announced that it is now offering images from top wire service Reuters through its news feed. ZUMA proudly becomes a distributor of Reuters images in the United States and Latin America as of today.
Have we lost sight of what commercial stock photography is? Have we become so obsessed with “real life” and “natural” the we think that anything that is arranged or posed is bad? Does an image have to shock to be good stock?
has made some changes in its terms and conditions. One of the major changes is that they are introducing Social Media Pricing. Photographer may op-out of social media pricing for their RF images, but if they don’t act within 30 days they will automatically be opted in.
GmbH is now part of Hubert Burda Media´s network. StockFood is one of Germany’s most respected photo agencies. As market leader, it carries works by more than 1,000 food photographers from around the world. StockFood will retain its current workforce and its independence as a company. Hubert Burda Media is one of Germany´s largest media companies and market leader in food media.
Does licensing images as RM make sense anymore? If you’re licensing your images as RM the following are a few things to think about from both the customer and the image creator points of view. If you really want to license your work you must consider why fewer and fewer customers are buying RM images.
National Geographic Creative
is looking for a new Senior Photo Editor. Based in Washington, DC this person will review submissions from National Geographic Creative talent, assess which assets would be of commercial value and make determinations as to how they can best be directed for monetization.
Visual China Group has provided a list
of the third party image collections it represents. The combined totals of RM and RF images in these collections is over 10.5 million images. It has been believed that VCG represents all the images in the Getty Images collection, but that appears not to be the case.
On April 22, 2016 Google and Microsoft announced officially
that they had buried the hatchet. Reflecting a changing relationship, the two sides drop complaints to regulators around the globe. Why should stock photographers care?
At the recent CEPIC conference one attendee asked, “Why do customers continue to buy RF images? Don’t they already have enough? If they get unlimited rights to everything they own, why don’t they just use the images they have already purchased and never need to buy another image again?”
Getty Images has launched the Getty Images Virtual Reality Group
, a new business dedicated to the creation and global distribution of virtual reality (VR) content.
, the largest provider of royalty-free digital video assets, announces the Pond5Million Sweepstakes
celebrating the company’s milestone of 5 million videos uploaded to the platform and its growing community of more than 40,000 artists.
According to Getty Images
CEO, Dawn Airey, “Over 97 per cent of visitors come to our websites to look at – not purchase – amazing imagery.”
ACSIL has announced the panelists who will be speaking at its ACSIL FOOTAGE EXPO 2016 in New York next week. The event is being held at the historic Prince George Ballroom at 15 East 27th Street, New York City on June 9, 2016. This one-day event is a chance to meet with footage distributors from both Europe and the U.S. and to hear discussions about the latest trends in the stock frootage industry.
(GD) in Belgium has developed a strategy for chasing online infringements that photographers may want to check out. There is no cost to the photographer unless there is a settlement. In the event of a settlement Graphics Detective pays the photographer 50% of whatever it collects.
. has made its visual search features, first introduced for desktop use in March
available for mobile use. Reverse Image Search for mobile invites users to capture the world around them on their mobile phones, and then upload them via the Shutterstock app
to search Shutterstock’s collection of over 80 million images for similar content and style.
has reported another year of impressive growth with gross sales of $7,928,745
million in 2015. That is up 126% from $3.5 million in 2014. The great news for image creators is that Stocksy paid out $4,323,735 in royalties
. That’s 55% of gross revenue collected. In addition, because the company is a Co-Op, they were able to pay out an additional $200,000 in dividends to members who sold images during the year.
Since October 2013 Getty Images
has been collecting money from Pinterest for images in its collection that have been pinned on Pinterest. The transactions appear on photographer sales reports as $0.03 gross sale and a photographer royalty of $0.01
. Indications are that this is a one-time payment no matter how long the image stays on Pinterest.
Shutterstock has notificed its Offset contributors that it has decided to make Offset content available to its Enterprise clients (over 24,000 of them) at a price point between $50 and $100. The current Offset price for a 72dpi web use image is $250.
Most photographers use two different figures to track revenue trends – revenue Per-Image-Licensed
and revenue Per-Image-In-Collection
. It’s easy for a photographer to figure his own per-image-licensed figure, but it is very difficult to determine how that might stack up with all photographers because the specifics of the number of images are usually not available even when you know (or have some idea of) the gross revenue collected during the period.
In a Photo District New interview entitled “Too Big To Sue”
Getty Images General Counsel Yoko Miyashita and VP and General Counsel Lisa Willmer explain why Getty Images is not suing Google Inc. in the US for copyright infringement. This is a must read for everyone engaged in the image licensing business.
Dissolve has announced it will add over 50,000 premium rights-managed (RM) commercial photographs to its site at dissolve.com
. The photos will be live on the site on June 1.
In order to safeguard its users, 500px Marketplace
has modified its submission requirements by asking for extra details to confirm the identity of its contributors. As of May 16, 2016 contributors must confirm their contact information and provide a copy of their government ID before any new images they submit to Marketplace can be sold.
If you’ve got quality digital image files that have been sitting around for a while and earning little or no money, there may be a way to get some cash for them. GraphicStock
, owned by VideoBlocks
, is paying a small one-time fee for non-exclusive rights to image collections. For this one-time fee they receive the right to license the images to customers non-exclusively, in perpetuity. No additional royalty will be paid to the creator for such sales.
Microsoft has teamed up with Shutterstock
to add integration within PowerPoint in order to offer access to the vast collection of images for use in presentations.
In a previous story
we talked about five aspects of the image licensing business where serious modification to standard practices are needed, if the industry is move ahead and grow revenue. In that story I dealt with three of the five: (1) Pricing Floor For Certain Imagery, (2) Simplified Pricing and (3) Better Actionable Data For Contributors That Relates To What’s Selling. In this story we’ll examine the issues of (4) Curation and, (5) a Central Database For Small Collections.
If there is going to be a business of producing and licensing rights to stock photos five or ten years from now, the industry needs a serious re-design. There are at least five areas that need serious modification if the industry is to include anything other than User Generated Content (UGC), or if there is to be revenue growth.
The “Best In Show Festival 2016” of Pulitzer Prize-winning photographs will open at 12:00 noon Saturday, May 14, at the Palm Beach Photographic Centre in West Palm Beach, FL.
The annual FOCAL International
Awards Ceremony will be held on May 26, 2016 and the day before on May 25th the footageMarketplace
will be held at 195 Piccadilly (home of BAFTA) in London. At this event footage and music content buyers can meet with 35 of the world’s premier footage/production music libraries.
has announced that Tim Davis
has joined the growing Aurora sales team as an Account Executive. Tim had spent the last 15 years with Corbis, most recently as a Sales Associate and Account Executive.
is happy to announce that the royalty free images of the renowned Parisian Agency PhotoAlto
are now available via PantherMedia. This addition gives extra flair to PantherMedia’s Premium Collection. PhotoAlto's images distinguish themselves with a special touch of fashion and style that can only originate from Paris. Creatives all around the world hold PhotoAlto in high regard due to its strong technical quality paired with a specific, individual take on subjects and themes of any type. While the main focus of the collection is on people photography, there is also a strong emphasis on food, travel and other subjects.
has enhanced the already prolific stock media catalog of 43 million images and is now accepting submissions to build a library of royalty-free audio clips. In the first 24 hours after opening the site for submissions Dreamstime received more than 10,000 sound clips. The new audio section will eventually contain thousands of high quality professionally produced sound effects and music files, not currently found anywhere else in the industry. The royalty-free audio clips are grouped into four categories which include instrumental, style, theme, and sound effects, with many sub-categories available for further refining, ensuring users can quickly find the exact sounds or music their projects require.
Everyone says there is increasing demand for photos. And there certainly is for photos that can be had for $1.00 or FREE. But is there increasing demand from those customers who used to buy photos for use in advertising and major marketing campaigns? The following are some statistics. Unfortunately, this story may raise more questions than provide answers, but the questions are worth considering.
The major sources of stock and archival footage will exhibit at the ACSIL FOOTAGE EXPO 2016
which is being held at the historic Prince George Ballroom at 15 East 27th Street, New York City on June 9, 2016.
has reported Q1 2016 revenue of $116.7 million up $19.1 million compared to Q1 2015. The growth is due mainly to new customers and increased activity by enterprise clients. Royalties paid to contributors during the quarter were about 29% of total revenue, or approximately $33.8 million. Currently, there are over 100,000 contributors meaning that the average contributor earned $338 during the quarter.
Paul Melcher disagrees with much of my pessimism about the future of the stock photo industry. I have the greatest respect for Paul and his opinions. He is founding director of Melcher Systems
and has been working in the stock photo space for more than 20 years. He has a thorough understanding of our industry. He has done much more in depth research of the tech side of the industry than I have, and has much better contacts and networking in that space. For these reasons, it is important for my readers to carefully consider what he has to say.
Corbis contributors have received the following information relating to the release from their contracts from Corbis & Unity Glory/VCG, the Chinese company that purchased Corbis.
Being represented exclusively by a single agency, or distributor, used to be important if you wanted a chance to license your images for high dollars for advertising or product identity uses. These customers wanted assurance that no one else would be using the same image while their campaign was in progress and they were willing to pay a lot of money for such rights.
More and more photographers have started to produce stock footage as a way to grow their business. Clearly, there is increasing demand for video clips as well as a greater need for video than still images. One of the questions I’m frequently asked is “What are the best companies to represent my work?”
Getty has supplied Corbis contributors with the information below. For many the most important information is that after May 2nd Corbis contributors who have not signed a separate agreement with Getty Images will be released from their contributor contracts and all survival periods will be waived.
has filed a competition law complaint with the European Commission against Google Inc. The complaint follows Getty Images’ submission in June 2015, when it joined as an interested third party in support of the European Commission’s existing investigation into Google’s anti-competitive business practices.
The take over of the stock photography business by amateurs and part-timers is not new, but the long range implications are worth considering.
In 2014 500px introduced (500pxprime.com
), a licensing arm of its global online photography community that was launched in 2009 for the purpose of sharing and discovering images. Initially, prices were $50 for web use and $250 for print uses. The royalty share started out at 70%, but now it has been cut to 30%. Photographers are not happy with the pay cut.
Shutterstock has signed a 3-year exclusive worldwide distribution agreement with Starpix
, a boutique celebrity, red carpet and event photo company that provides photo coverage on the East coast for leading film studio clients and publishers.
has announced a partnership with PR Newswire
that will provide its customers with access to the Shutterstock 83 million+ image library of licensable photos.
Some Corbis photographers whose images have been integrated into the Getty Images collection tell me that their images are appearing high in the search-return-order for searches of their particular subject matter.
This story provides links to several stories that relate to the Visual China Group (VCG) acquisition of Corbis and the role Getty Images has been assigned in the transfer of Corbis assets to the Getty Images collection. Getty’s collection was marketed in China by VCG before the sale. The new enlarged collection with the addition of some Corbis images will continue to be marketed in China by VCG.
The Shutterstock Contributor App that contributors may obtain from the Apple App store has been upgraded to allow contributors to directly attach, upload and manage model and property releases to their images from their phones.
How low can prices go? Is the volume of images used more important than earning money when an image is used? Must we accept whatever the customer is willing to pay, or is it possible, at some point to say NO? If there is such a point where is it? Most photographer will agree there is some point where the people representing our images should say NO, but there is big disagreement on where that point should be.
I was recently asked for my views on where the stock photo industry is headed over the next few years, the value of the industry at present, and how I think the major players will adapt to the growing availability of user-generated content. Here’s my answer.
In recent seminars and webinars Getty provided contributors with information about buyer activity and tried to help them understand what customers need. One of the most important bits of information was that Getty is currently licensing rights to 10 RF images for every 1 RM. For years the average licensing fee for an RM image has been about 2.5 times that of an RF image. While the royalty share of an RM sale tends to be higher than an RF sale (about 35% to 20%) at a 10 to 1 ratio creators are likely to earn significantly more licensing their images as RF than as RM.
, has launched Megapixl.com
, a new website that utilizes machine learning to offer more refined stock image choices based on past user behaviors. This artificial intelligence (AI) utilizes past behavioral data garnered from millions of designers in order to determine which content is the most relevant and suitable for the individual user.
Veer has closed its doors and photographers have been released from any contractual obligations they had with Veer. Images belong to Veer photographers have not been automatically migrated to iStock, but photographers can request a transfer and sign a new iStock contract if they wish. Effective May 2, 2016, the Corbis Images and Corbis Motion businesses and websites will no longer be accessible.
Many think search will be solved with better Metadata. While metadata is important, there are limits to how far it can take the customer toward finding the right piece of content. This story provides links to a number of previous stories that deal with this issue.
Time is becoming an increasing important factor for art directors and image buyers. Bosses and customers are demanding more output and giving the art director less time to produce results. The time it takes to find the right (well maybe, just usable) image is an increasingly important factor to be considered.
A photographer recently called to my attention a keywording anomaly that those who want their images found might want to consider. The photographer said that when he prepares for a trip to another country he searches some of the popular photo sites for the country and the keyword “released.”
Charles Taylor is still trying to put together a company that will consolidate many smaller independent picture agencies into a single publicly traded company that will be traded on the AIM stock exchange in the UK. Back in 2014 Taylor’s organization was called GDI Media Limited
. The new version is called Avalon. More about it can be found here
Last fall, BVPA, the German association of picture agencies, asked me a series of questions about the U.S. market for stock photography and where I think it is headed. The following is what I told them along with links to a few relevant stories.
The Mega Agency
, a new global media business, focused on delivering editorial images, is pleased to announce that David Ellis has been recruited as UK Sales Director.
Agencies need to think hard about supplying contributors with more detailed information about exactly what is being requested and what is really selling. It used to be enough to provide general information about the broad categories of subject matter in demand. At that point they would leave it up to the individual creator to guess at what buyers -- with whom they have no contact whatsoever -- might want. That is no longer enough. Shooting based on gut feelings no longer works.
After reading my previous story
investors in stock photo companies as well as image buyers may ask, “Why should we care if professional photographers stop producing stock images?”
A Korean subscriber recently asked the following questions. “I notice you say that many photographers are unable to earn enough money and end up leaving the market. Is there any specific number that you can prove? How many photographers/contributors were there in the past and now?
A videographer wrote recently complaining that two of his video clips had been sold by Getty Images to Viacom for a broadcast show on Comedy Central. This show also appears on the web. These two sales were made through a Premium Access deal and netted the videographer a whopping $8.46 for the two sales.
There is a huge amount of focus on Visual Search and its potential for the stock photo industry. In my opinion Visual Search Will Not Solve The Problems Stock Photo Customers Face. Visual search can be very useful in finding an image that the customer has a copy of in hand. It can find all the uses on the Internet of a particular image, but that’s not what most customers want.
Recently, a photographer ask the following questions: Is stock photography a growing industry. I have read some analysis that say it is growing significantly, but others argue that free stock photography and microstock photography are leading photographers to leave the market. What is your opinion on that argument? Should a photographer upload the same pictures to as many other agencies as possible?
Over the past year, one of Shutterstock’s
engineering teams has spearheaded and modified computer vision technology to introduce more innovative search and discovery features and to improve the customer’s overall site experience.
Stock footage and photography company Dissolve
will be introducing its popular Liftoff program to filmmakers at NAB 2016, April 16-21 in Las Vegas.
It is getting harder and harder for photographers to protect their copyright. With PicScout, TinEye, Google Image Search and other reverse image search solutions it is easy enough to locate uses of specific images online. But, it can be very laborious to search one-by-one for particular images in a large collection, and it can be costly to have someone like PicScout do it for you.
Adobe Stock has announced that it now has over 50 million high-res photos, vectors, illustrations, HD videos including some 4K videos to its collection.
The annual CEPIC Congress
, the world’s largest event where licensors of still still and footage get to together to discuss issues facing their industry, will be held from 25 to 27 May 2016 in Zagreb, Croatia at the Sheraton Zagreb Hotel.
I want to call your attention to a couple of comments to my recent story “Curated Collections: The Future
.” It is important to recognize that there are some great images on most of the stock photo sites with tens of millions of images. But as we shove everything that meets certain technical standards onto these sites, it becomes harder and harder to sort through all the mediocre shots and find the few great ones.
As revenues have declined in recent years due to declining sales for the use of images in print, and increasing use of images on the web at much lower prices, many French editorial agencies have found it necessary to reorganize. Jean Michel Psaila, CEO and owner of Abaca Press
says, “The market has changed. We used to get €200 for print use. Now we get €5 for online use.”
has announced a three-year deal with The Associated Press (AP) to distribute AP's daily global photo and packaged video output for license to customers based in the United States. This milestone will also give U.S. Shutterstock editorial customers access to over 30 million photos and nearly 2 million video clips from, respectively, AP Images and AP Archive.
has made changes to its Extended License policy allowing users to produce unlimited copies of purchased media. Previously, customers purchased extended licenses for print or web usage of an image and were restricted by limits on the number of copies they could reproduce, for example for t-shirts, on-demand printed items, or e-cards.
If you’re a Getty contributor and your sales and revenue have been declining, it may be time to do some searches on Gettyimages.com as a customer would search. Input some of the generic keywords that a customer might use to find your images. See where your images fall in the search return order.
If you’re in the editorial photography business keep your eye on The Mega Agency
. This company is a new editorial stock agency founded by the people who started Splash. Splash later became a key part of the Corbis editorial offering.
It seems to me that all VCG bought when they acquired Corbis was: (1) The right to put out a press release saying, “We are the largest stock photo source in China,” (2) The removal of Corbis content from ImagineChina, which many believe was previously the largest stock photo agency in China, and (3) We bought a company from Bill Gates. Rumor has it that Bill Gates was paid $225 million for Corbis.
While there has been a great deal of discussion recently about the possibility of Congress creating a small claims process for visual arts, several visual artist groups, representing hundreds of thousands of creators, have joined forces to propose key components of potentially forthcoming small claims legislation. Collectively, the groups represent photographers, photojournalists, videographers, illustrators, graphic designers, artists, and other visual artists as well as their licensing representatives.
Getty Images has contacted Veer contributors to explain what will happen to their imagery as a result of the sale of Corbis to VCG
. Their imagery will not be integrated into the Getty Images collection. Veer contributors may apply to iStock for possible upload of their content there. The memo says:
has improved its systems for searching and finding the right video clip or image. In addition, it has introduced a Membership offering that provides significant saving for customers who pay monthly or annual subscription fees.
A photographer recently asked if I could explain why Shutterstock
is making such an aggressive effort to grow its collection. Currently, the company over 77 million images in its collection and is adding over 800,000 new images a week. As far as I can tell Shutterstock believes their customers want more and more choice not only in subject matter, but in newer, more updated images.
has reported Q4 2015 revenue of $115.9 million and a total of $425.1 million in revenue for all of 2015. The full year revenue was up about 30% from $328 million in 2014. Approximately, $8.6 million of the annual revenue was generated by Rex Features and PremiumBeat that were acquired during Q1 2015, and the impact of foreign currency exchanges. Excluding these contributions to revenue the company’s revenue growth was approximately 27% in 2015 down from 39% in the previous year.
The Good News
-- Getty has started offering some Corbis contributors who also have an existing contract with Getty the chance to have their Corbis images migrated to Getty. The Bad News
– One contributor was earning a 40% royalty on his Non-Exclusive RM contract with Corbis. Now Getty has offered him an agreement that gives him a 25% royalty.
Tomas Speight has joined Panther Media
GmbH as Chief Executive Officer. He will initiate a drive to grow the business into a global presence. Panther Media has a range of initiates relating to clients, international partnerships, as well as new content lines that will be launched in the near future. Further innovations beneficial to both photographers and clients are in the pipeline.
Many photographers who used to earn hundreds, and even thousands, of dollars for the use of one of their images think Shutterstock, and Microstock in general, are killing the stock photo business. Some Shutterstock contributors are even beginning to ask the same question. A reader recently asked for my analysis of why Shutterstock’s continued addition to its collection of over 700,000 new images a week won’t “drown it’s customers and risk losing its best contributors.”
Getty Images has sent Corbis contributors the following information about the migration of Corbis material to Getty representation. While some questions have been answered there are still a number of issues that are not clear.
The three public companies in the stock photo industry – Getty Image, Shutterstock
-- face major challenges that will probably be impossible for them to overcome. Adobe is the possible exception because it can approach the stock image side of its business as a loss-leader that supports the other 98% of its business.
Another leading global market research company, Technavio
, headquartered in London, has taken a look at the global still image market
and concluded that it will exceed USD 4 billion by 2020, growing at a CAGR (compound annual growth rate) of over 7%.
Since publishing “Next Step For Corbis Photographers
” last week, I’ve been contacted by a number of agents interested in talking to Corbis photographers who might be looking for somewhere else to place their work.
I’m getting a lot of requests from Corbis photographers that basically ask, “What should I do now!” Indications are that fewer than 20% of Corbis photographers will be offered Getty contracts. The actual number may be significantly less. Knowing who will and won’t be selected may not happen quickly. This story offers more thoughts on what's likely to happen and offers options for photographers to consider
Increasing numbers of stock photo buyers seem to be deciding that ever larger collections of images are not for them. At least as a first stop. The big question is finding an alternative since most of the better known sites – both microstock and traditional – are racing to add more images.
It may be time for stock shooters to take another look at Image Brief
. It started out as a place where customers would go to list a brief explaining the kind of imagery they needed for their next project.
, Inc. has announced an exclusive global syndication deal with BFA
, a leading lifestyle, fashion, art and entertainment content creation agency. Over 1.7 million editorial images in the BFA collection will now be available to Shutterstock’s Premier customers, which include some of the largest marketing communications companies and publishing houses in the world.
have recently posted information on tends they have spotted that they think will continue to build in 2016.
Adobe Stock has added over 100,000 4K video assets to its current collection of over one-million video assets. The site also offers over 45 million images and graphics. This story shows how that compares with other footage providers.
returns to Chicago on Thursday, May 5th to stage another networking and education event for art buyers and researchers who need images and footage. The venue will be the conveniently located Ivy Room at Tree Studios.
As microstock agencies race to grow their collections, there is an increasing demand for people to review submissions. Reviewers are expected to review 30,000 images a month, but according to one source the average tends to be around 40,000. Some of the more experienced are able to review close to twice the average.
In a previous story, I came to the conclusion that the Corbis properties VCG purchased probably generated in the range of $60 million in 2015
. Does that mean that after experiencing steadily declining Premium and Midstock revenue for several quarters Getty is likely to have a $60 million increase in 2016? I think the answer is No. Here’s a dozen reasons why.
Fashion photographers beware! Much of your market is about to disappear. Why bother dealing with temperamental photographer and models when customers can hang the clothes on a mannequin and give the mannequin a human looking body and expression with Photoshop. That’s what Looklet
If you’re a photographer who licenses your work as RM because you believe that’s the way to earn the most money (or a reasonable fee) when your pictures are used, it’s time to take a look at Offset. Many photographers are so opposed to microstock and subscription that they refuse to consider anything connected in any way with Shutterstock. If it is a Shutterstock initiative then it must be bad.
The good news for Corbis photographers is that there will be no third cut before their royalty share is calculated. However, there are still a number of issues that aren’t clear. This story offers some additional clarifications and insights and a number of questions that are still unclear and need to be answered.
If you produce footage you might want to check out a couple of new sights. The first is the Stock Footage Newsroom
where there are short summaries and links to full articles produced by Footage.net. This site will keep you up to date with what is happening at as number of footage distributors. The other is B-rollStock.com
In the UK photographers can receive royalties when someone photocopies a page from a magazine or book that contains their image. In December the EPUK discussion group reported that REX Features, a UK editorial agency purchased by Shutterstock a year ago, misrepresented its right to collect certain monies from DACS
on behalf of some of its photographers and falsely reported to the photographers what it had received from DACS. The full story is available here
VCG acquired parts, but not all, of Corbis’ assets. To understand what this means for the industry, it is important to have some idea of the amount of revenue the acquired assets generated in 2015? For a long-time Corbis has been thought to be the third largest seller of stock photography in the world after Getty and Shutterstock. If this is true, then how much does the combination of a significant part of the Corbis collection with Getty Images change the industry?
Getty Images has introduced Ultra Pack pricing which effectively lowers prices on all premium creative Royalty-Free images, Editorial images and Videos by between 8% and 31%. The only images not affected by this price reduction are RM.
The tedious process of uploading images for consideration by iStock is about to get much easier. On February 7th Kasper Ravlo will be launching a new tool called Q-hero
. The average time to submit a file for review will drop from over one minute per image to less than 1-2 seconds. Instead of being the slowest site for image submissions, iStock will become the fastest.
Shutterstock is not making enough money so they have decided to lower the royalties paid for Enhanced Licenses. Here's what it means for image creators.
In an effort to make it easier for more people to use Shutterstock imagery the company is partnering with Optimizely
. By integrating Shutterstock’s newest API
directly into their platforms, customers of these organizations will be able to easily search, preview, and license from the Shutterstock collection. Contributors will earn a royalty each time an Optimizely or Sprinklr customer licenses one of their images.
Corbis and Visual China Group (“VCG”; Shenzhen Stock Exchange:000681.SZ) today jointly announced that Unity Glory International Ltd. (“Unity Glory”), an affiliate of VCG owned by VCG’s major shareholders, has acquired the assets and brands of Corbis’ Images division, one of the world’s leading image archives and content licensing businesses. VCG is China’s leading visual communications and new media company and among the largest businesses in the image industry worldwide. Financial terms of the agreement were not disclosed.
Recently, I found a list on Pond5 of popular keywords customers use to find videos. Earlier this month I published a similar list that Videoblocks
had sent to its contributors a few months ago. I decided to search Pond5
for each of these words and record the number of returns. You’ll find the results in the chart below.
More images are not the answer. The industry needs to find a better way to present the images already in databases for customer consideration. Customers find it harder and harder to dig out the right image for their needs from todays large databases. That doesn’t necessarily mean that the right images aren’t there. It’s just that customers do not have time to search through all the available options.
is in the process of creating a collection of video clips that can be offered through low priced subscriptions. Contributors have the option of nominating their low-selling files for inclusion in the collection and will receive a minimum monthly royalties of $0.50 per item for every clip in the collection, regardless of downloads and usage.
is changing. It is spinning off the right clearance aspect of its business known as Greenlight
and renaming it Corbis Entertainment
. It is our understanding that the rest of the company including Creative and Editorial licensing will be sold off and to some degree dismantled. It is unclear to whom these operations will be sold or exactly how the dismantling will occur, but more information is expected to be forthcoming later this week.
Last week we posted a story “iStock/Shutterstock Comparison
”. Since then there have been some very informative comments on Microstockgroup
. You can find a link to these comments at the bottom of my story, or you can find them here
Landov Media, a small, but well respected Editorial agency closed its doors last week. It’s website http://www.landov.com/
says it is no longer available and thanks the company’s “many loyal clients for your business and support through the years.”
One of the keys to success in stock photography is understanding what customers want. Given that the worldwide customer base is so diverse, that is often difficult to determine. We all see lots of different image uses in our daily activity, but often these are of little help in determining what customers really want to buy. VideoBlocks
sends regular advisories to its contributors giving them information about the keywords customers use most frequently when looking for video clips. In this story you'll find a recent list of Top Selling Keywords.
Have you noticed that when a customer searches for “man” on some major agency sites a different number of images will be returned than if they had searched for “male.” An agent called this to my attention after hearing complaints from a number of customers about this problem when searching on GettyImages.com.
Yuri Arcurs, one of the most successful stock photographers in the world, is running another of his photographer training programs in Capetown, South Africa. This program is for 17 to 24-year-olds that are highly competitive, goal-oriented and have strong entrepreneurial and creative characteristics. Candidates must survive a two-week Boot Camp beginning February 1, 2016. (This is not marine training, but it will be an intense experience to determine what the candidates know and how quickly they learn.)
One of the big questions for a freelance photographer approaching a new client is: “What should I charge.” What do others get for doing the same type of work? What has this client paid in the past? Recently, I was made aware of a web site called “Who Pays Photographers?
” Photographers can go to this site, enter the name of a publication or organization they would like to work for and get some idea of what the organization has paid for previous jobs.
Most image creators believe that adding images to online searchable databases will grow downloads and sales. This is particularly true, when one assumes that the new images being added are better than the ones produced earlier because the image creator has improved through experience and has a better understanding of what customers want. However, an examination of the sales by iStock’s leading contributors indicates that adding images is often counter productive in terms of increasing downloads. In fact, contributors who add very few, or remove, images often show the greatest download-per-image in the collection.
To better understand the potential for an iStock turnaround it is worth comparing iStock and Shutterstock downloads. At the end of my report on Shutterstock’s Q3 results
I estimated the number of IOD (single image) and subscription downloads Shutterstock will have for 2015. For an explanation of how I calculated the iStock numbers see this story
. The following chart compares the sales of these two companies.
Previously, I have supplied an analysis (here
) and (here
) of iStock’s downloads in 2015 and the number of images 430 of their leading contributors have in the collection. While 430 is only a small percentage of iStock’s more than 100,000 contributors this small group has somewhere between 55,070,000 and 58,554.000 downloads since the company’s founding in 2002. I believe this represents about one-third of iStock’s total downloads.
An increasing number of iStock’s most productive contributors have been dramatically reducing their production of new images in the last two years.
Where is iStock headed? In 2015 single image downloads were DOWN significantly compared to 2014, and 2014 was down compared to 2013. The company introduced subscriptions in April 2014
and that has had a major impact on the decline in single image sales.
has recently been listed on a small cap tech stock exchange called the NEEQ (National Equities Exchange and Quotations). The exchange is also called the New Third Board Stock. The company’s stock code is 834877.
In early January Videblocks
will begin making clips from Discovery Channel’s, Discovery Access
library available through Videoblocks Marketplace
. Videoblocks launched Marketplace in April 2015, had 374,000 clips by August
and now has over 880,000. The Discovery material will quickly push them over one million clips.
The newsmedia struggles with the concept of reality and unbiased reporting, but what is reality? Is reality what can be recorded on film? Is it a JPEG rather than a RAW file? Is it only what is recorded in a video regardless of what might have been happening moments before the video started recording? If a digital file has been adjusted, or manipulated, can it still be an accurate representation of the truth of a situation?
For agencies that offer subscriptions, Image-on-Demand and Enterprise options, how do “Comp Use” images affect search algorithms? There is an increasing trend driven by Adobe Stock and Shutterstock Enterprise to allow customers to download a lot of images for comp purposes and only pay for the ones they actually use in a final deliverable project.
Ever since Getty Images invented Premium Access (PA) licensing image creators have been upset that their images were being licensed to some users for ridiculously low prices. Often images licensed in this manner are ones that have been extremely costly to produce. For at least one contributor Rights Managed PA sales now represent 66% of total sales at an average price of $12.00 and over half the sales are for $4.35 or less.
, a New York-based stock photo platform with Ukranian origins, has announces a $5 million funding round led by the European Bank for Reconstruction and Development (EBRD) via the EBRD Venture Capital Investment Program. Previously TMT Investments had invested $3 million in Depositphotos in 201. In this round EBRD contributed $4 million and TMT $1million. The transaction should be completed before the end of the year.
All drone operators must register their unmanned aircraft with the Federal Aviation Administration (FAA) by Feb. 19, 2016. Registration begins on December 21, 2015 and is free for the first 30 days. While the registration fee is only $5.00 the government is encouraging as many owners as possible to register quickly.
Congresswoman Judy Chu (CA-27), Congressman Tom Marino (PA-10) and Congresswoman Barbara Comstock (VA-10) have introduced H.R. 4241 – the Copyright Office for the Digital Economy Act or the CODE Act. This comes after months of discussion with various stakeholders, including several joint Member roundtables.
Sources tell me that Corbis representatives will be meeting with Visual China Group (VCG) next week in Beijing to discuss the Visual China’s possible acquisition of all, or part, of Corbis.
Six REX employees were laid off by Shutterstock earlier this week. One had been with the company for 34 years. I asked Shutterstock for an explanation.
PhotoPlus 2015 International Conference + Expo
welcomed more than 21,000 attendees from 67 countries and all 50 U.S. States. This year’s show also recorded the largest number of exhibitors in the past five years with 250, including 75 participating for the first time.
Shutterstock has launched a new editing tool in open beta. Shutterstock Editor
is a simple, fast and free way to edit photos.
What should we expect next from Adobe? The following is pure speculation. I have no inside information that the following is part of Adobe’s plan, but it seems logical to me that they will move in this direction in the near future. If they do it could benefit many image creators and possibly negatively affect some.
In its race to grow its image collection, Shutterstock has made it easier for new contributor to get accepted. New contributors used to have to submit 10 images for quality review. Seven of those 10 had to be accepted before the contributor was allowed to submit more images. Now, if only one is deemed acceptable the contributor can begin submitting more images. Here’s the way Shutterstock explains the change.
Shutterstock has provided investors with some very interesting information about their Enterprise pricing strategy and how it differs from their normal E-commerce pricing. You can find the “E-commerce vs. Enterprise Case Study” by going go to this link (http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-presentations
). Then open the pdf under “Investor Presentation” that was uploaded on 11/18/15. The chart explaining the Case Study is on page 25 of this 37 page pdf.
Adobe has announced that it has added over 1 million HD video files from the Fotolia collection to the Adobe Stock offering. These can be searched, downloaded and licensed directly on an a la carte basis within Adobe Premiere Pro CC and After Effects CC or from stock.adobe.com
for use with any CC desktop app. The video clips are also available to enterprise customers on a subscription basis.
If you love Shutterstock, are a Google Chrome user and want Shutterstock to know everywhere you go and everything you do on the Internet, you may want to install the new Shutterstock Tab
just launched today. You can get the tab free of charge by going to the Chrome webstore
So you want a career in photography. You like taking pictures. It’s fun. Wouldn’t it be great if you could get paid to do it? You’re a high school student about to graduate. Everyone says you need more education to have a chance at a good job. You’ve no idea how much you’ll have to earn to feed, clothe and house yourself, and maybe some day a spouse and family. But, it seems you should get more education in the career path you want to follow.
Users report that Getty’s standard editorial license offers the following: “Worldwide editorial use for 15 years (may not be used for commercial purposes or print covers). Unlimited seats. No limits on impressions and print runs.
” This is essentially a Royalty Free license for images that are being offered as Rights Managed. Unlike most RF, the price charged is not fixed and based on the file size delivered. The price may be negotiable depending on the customer. But once the image is delivered, the customer can use the image in multiple ways over a period of 15 years as long as the use is editorial in nature and not for some commercial purpose, or for the cover of a printed product.
This past weekend the Washington Post published a detailed insider view of the ISIS propaganda machine
that should be of interest to everyone engaged in editorial journalism. The writers – Greg Miller and Souad Mekhennet – were able to interview a number of ISIS videographers and production people who had worked for ISiS in the contested territory and were later able to escape back to their home countries.
Many stock agencies are consolidating and downsizing, but not Tandem Stock
. Founded in 2010, they have been growing at an average rate of 45% per year. Specializing in Outdoor photography, they currently have a tightly edited collection of 115,000 images from 930 contributors. They have discovered that the needs of their clients are extremely specific and they specialize in supplying images that cater to those needs.
has announced that industry veteran Kelly Thompson has joined 500px as Head of Marketplace. Thompson will oversee the development of new products to service the company’s growing number of advertising agency and large brand enterprise accounts, as well as the servicing of the company’s base of self-service marketplace customers.
One of the most useful seminars at PhotoPlus Expo
this year was the “Your Roadmap To Success” presentation by Judy Hermann. Judy is a past president of the American Society of Media Photographers
(ASMP), served as an Olympus Visionary for 10 years and was awarded the United Nations International Photographic Council’s Leadership Award for her work as an educator and industry advocate.
Photographers with a goal of maximizing earnings from the images they produce, and who continue to insist that in order to realize that goal their work must be licensed as Rights Managed (RM), may need to consider the new realities of the stock photo business.
Envato, an Australian company that has provided resources and educational services to the graphic design community since 2006, has announced that it will expand its operations to the United States in 2016.
According to Bloomberg
, Getty Images has found a way to raise a net $90 Million in an effort to revive its “Midstock” business.
Photography has become much more of a means of self-expression than a business. That’s not necessarily a bad thing unless you are trying to earn your living from the images you produce.
Recently, a European asked me how the editorial market for photography has changed in the U.S. the last 10 years. First, gross revenue for U.S. newspapers has declined about 60% from $49.3 billion in 2006 to $19.9 billion in 2014. As revenue has declined the space for editorial content, including pictures, has declined.
Since 2013 the House Judiciary Committee of the U.S. Congress has been engaged in a comprehensive review of the current Copyright Act. It has held 20 hearings and heard from 100 witnesses.
For decades Masterfile has been a leading provider of stock imagery to advertising, design and corporate communications. The company represents the work of many of the worlds leading image producers. Its collection is well edited and its website offers very efficient search. Currently, more than 70% of the company’s revenue comes from sales in North America and more than 80% comes from the advertising, design and corporate communications segments of the market that presumably need the highest quality work and have the budgets to pay for it.
Bloomberg has reported
that Corbis will be cutting about 15% of its staff. The information came from an internal memo sent to employees by CEO Gary Shenk, and obtained by Bloomberg.
reported $107.3 million in revenue for Q3 2015, a 28% increase over Q3 2014 and up nearly $3 million from the previous quarter. The increase was primarily due to a 22% increase in the number of paid downloads compared to a year earlier.
In an effort to compete with AdobeStock
, at the end of August iStock
began to test an offering of Small Monthly Subscriptions
with 10 and 25 download limits. The rates for 10 downloads are $40 for Essential (non-exclusive) images and $99 for the images contributors have supplied exclusively to iStock.
Recently, I asked AdobeStock
a number of questions about their operations. Their answers can be found below.
today announces the appointment of Luke Vines as Chief Operating Officer. Vines will begin the role with immediate effect, reporting directly into Christina Vaughan, CEO of CueSongs.
has developed an interesting way to use mobile devices to promote its historical collection. The Diomedia Historica (enter Historical Calendar at the App Store) to get the free app.
Rumors were flying in New York last week that Corbis
may be sold. The rumors are that Shutterstock
is interested in purchasing Corbis. The consensus seems to be that Corbis’ gross revenue is in the range of $100 million down from $225 in the mid-2000s. It is believed that about half of the gross comes from editorial and the other half from creative. (These figures may not include the rights clearance part of Corbis’ business.)
I just returned from the annual “Photo Week” in New York – two days at PhotoPlus Expo
, two-and-a-half days at the DMLA annual conference
and one day at Visual Connections
. Here are a few take aways.
Nancy E. Wolff, Counsel for the Digital Media Licensing Association (DMLA
) has written a very clear and detailed explanation of Why and When image creators need releases that was recently published on the American Society of Picture Professional (ASPP
) website. Anyone planning to license pictures of people, and in some cases object and other property, should be familiar with this information. Read the article here: http://aspp.com/the-law-releases-101-why-and-when-you-need-them/
Shutterstock's data team has identified the fastest growing colors over the past year by matching pixel data with image download behavior from our customers including brand marketers and creative professionals around the world.
The results of the Graphic Design USA annual stock survey are now available online.
Check it out
. Be sure to read the extensive comments of Graphic Designes that provide some important insights into what image creators should be producing, and stock agencies should be doing to provide better search ability of their collections.
Pearson has cut its full-year guidance to investors in a dire warning about the continuing "cyclical and policy-related factors which have been hurting our markets for some years." Its share price fell almost 17% to a value of $14.54 in New York. The company’s ADRs are now down 30.7% over the past six months.
has announced the expansion of its Lean In Collection
to incorporate positive gender images in an effort to disassociate itself from stereotypical stock photography. The 1191 images are available at "Signature Collection" prices of three credits.