Random Thoughts 20

Posted on 7/3/2000 by Jim Pickerell | Printable Version | Comments (0)

322

RANDOM THOUGHTS 20


July 3, 2000

eMotion Secures $34 Million In Funding

eMotion Inc. has raised $34 million in mezzanine funding. Chartwell Capital

Management and GE Capital led the round, with additional funding from National

Geographic, EMC, Enron, Sun Microsystems, Saudi International Bank and Veritas

Software.

eMotion was formed by the Jan. 20 merger of Picture Network International Ltd.

(PNI) and California-based Cinebase Software Inc. PNI operates

PictureQuest.com which licenses rights to rights protected and royalty-free

photography on behalf of a number of agency suppliers. Cinebase provided

digital-asset-management software and services to the entertainment,

government, corporate and advertising markets.

eMotion provides software and online services for the management of content

such as digitized video and audio, image photography and animation for the

broadband, advertising, Global 1000, broadcast and U.S. government markets.

The financing will support further development and integration of eMotion's

software products as well as to grow its existing application service provider

(ASP) offerings and aid in the company's international expansion.

Digital media management requires strong partnerships with platform technology

providers, storage vendors, broadband infrastructure providers, distribution

companies and others -- which is apparently why investors in this round

included EMC, Sun Microsystems, Enron and Veritas.

Previous eMotion investors, including Eastman Kodak, Psilos Group, East-West

Capital, Adelson Partners, Wasserstein-Perrella, Constellation Ventures (a Bear

Stearns Fund) and Young and Rubicam.

The digital media management market will expand from $300 million in 1999 to

$2.2 billion in 2003, Diana Murphy, Chartwell Capital managing director, said

in the statement.

Getty New Offices

Quadrant Corp. has begun construction of two buildings for Getty Images Inc. at

the Quadrant Lake Union Center in Seattle's Fremont neighborhood. Online

imagery marketer Getty will occupy the building, totaling 176,000 square feet,

by September. With approximately 300 employees, the building will serve as its

world headquarters. Getty already occupies 79,000 square feet in another

building in the complex.

Boston Globe Freelancers Update

A lot of new bylines may start appearing under stories and pictures in the

Boston Globe after July 1st.

On June 26th Massachusetts Superior Court Justice Carol Ball said, "The

plaintiffs may ultimately have a remedy at law but the issuance of emergency

injunctive relief would be inappropriate."

Freelance writers, photographers and illustrators filed suit against the Globe

on June 12th to stop them from requiring that any freelancer who chooses to

work for them after July 1st must sign agreements that allows the Globe

unlimited future rights to use stories and photos freelancers have produced

for them in the past.

A volunteer committee of freelancers who have worked for the Globe have been

contacting photographers throughout New England encouraging them not to sign

the contract. So far, everyone contacted has said that they will not sign the

current version of the contract.

Meanwhile the Globe claims that about 300 freelancers have already signed the

agreement. Who will blink first?

The freelancers are well organized. Can the Globe continue to produce the

images they need? If the Globe wins it will set a very bad precendent for

freelance photographers who want to work for newspapers.

Patrick Donehue Joins Corbis

Patrick Donehue has left Getty Images to join Corbis as VP of Commercial

Photography. He will be responsible for setting the strategic direction of

commercial photography, specifically responsible for editing and production

and the visual voice for Corbis' marketing products. He will work closely

with the Executive team and Artist Relations on matters involving photographer

contracts and the general working relationships of photographers with Corbis.

Getty Images Acquires IPL In Australia

Getty Images Australia has acquired International Photographic Library (IPL),

IPL Profile, IPL e-Pic and R.E.D. Image, which collectively is Australia's

largest stock photography agency.

IPL represents such brands as: VCG, Voller Ernst, Nonstock, Ibid, National

Geographic Image Collection, Stock Illustration Source and Zefa. The

acquisition grants Getty Images Australia the right to distribute images from

the stock libraries represented by IPL.

IPL's 28 person staff in Sydney and Melbourne have joined Getty Images

Australia, which also represents leading Getty Images-owned brands: Stone,

PhotoDisc and Allsport.

"We believe that the Internet will fundamentally shift the way media

professionals work and we are committed to helping content creators leverage

the full power of the web," said Franz Hoffmann, chairman of IPL.

Kobal Collection and Art Archive Launch Site

The Kobal Collection and Art Archive have announced the launching of an on-line

research service called The Picture Desk.

Art Resource To Represent Art Works From French Museums

Art Resource has announced an agreement with the Reunion des Musees Nationaux

(RMN), of France. to be the exclusive North American representative for the

rights to reproduce works of art that are owned by all of the French national

and regional museums falling under the jurisdiction of RMN.

These include the Musee des Arts d'Afrique et d'Oceanie, the Musee du Louvre,

the Musee de l'Orangerie des Tuilleries, the Musee d'Orsay, and the Musee

Picasso, all in Paris, along with such other prominent institutions as the

Chateaux-musees de Versailles et de Trianon, the Musee-chateau de

Fontainebleau, and the Musee Matisse in Nice.

This marks the first time that the Museums of France have made a comprehensive

arrangement with an American entity. Art Resource is one of the oldest and

most comprehensive sources of fine-arts imagery in the world. All of Art

Resource's researchers have degrees in Art History, and have been chosen for

their pragmatism as well as their scholarship.

Speeding Request To Photographers At The Image Works

For years one of the problems with image request lists from stock agencies has

been that by the time the photographer learned about the request the particular

client who had initially shown an interest no longer had a need for the image.

The internet is changing all that.

The Image Works in Woodstock, New York has launched a service where they e-mail

requests to all their photographers on an as needed basis. Currently, this is

happening several times a week. Many of their photographers have the

capability to scan and e-mail or FTP an image to the Image Works. Thus, they

are finding that in some cases within a few hours of e-mailing the request a

photographer has gone out, shot the picture and delivered it to The Image

Works.

Once such an image arrives, TIW has the capability of keywording the image and

putting it up on-line for all their clients within twenty minutes. If it was a

special request from a particular client they FTP it to that client

immediately.

Many of the regular customers of The Image Works have breaking news

requirements.


Copyright © 2000 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-251-0720, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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