Sheldon Marshall Fired at VCG

Posted on 1/19/1999 by Jim Pickerell | Printable Version | Comments (0)

193

MARSHALL FIRED AT VCG




January 19, 1999





Sheldon Marshall has been replaced as Chief Executive of Visual Communications Group

by Andrew Nugee. VCG is the still image marketing subsidiary of United News and

Media headquartered in the UK.

Sources tell us that VCG's return on investment in 1998 was poor compared with

expectations. The European part of the operation was the weakest and one company in

the group lost money. FPG, the U.S. agency that is part of VCG, had the strongest

returns of any agency in the group.

Another factor that probably contributed to the firing of Marshall was length of time

it has taken FPG and VCG web sites in place in order to compete with the other two

major players in the industry - Getty Images and The Image Bank. FPG's site which was

launched in October had a number of initial flaws which we pointed out in

Story 177.

Marshall had run the company for the last 15 years and built it into one of the top

three businesses in the stock photography industry.

Nugee has been Managing Director of FT Media and Telecoms for the past two years and

prior to that worked for the Boston Consulting Group in London and Munich and at the

Economist Intelligence Unit.

Charles Gregson, Executive Director responsible for Visual Communications Group

said: "I am delighted that Andrew will be taking over responsibility for Visual

Communications Group, an important component of United's growing web-based and

technology-oriented portfolio. He brings to the company a wealth of experience,

which will help it take advantage of the exciting opportunities presented by digital

technology and the Internet.

Andrew Nugee said: "I am tremendously pleased to be joining VCG at such an exciting

point in its development. VCG's strong brands and wealth of content provide a

robust base to take it onto the Internet and achieve the very tangible efficiency

and distribution benefits offered by this revolutionary medium."


Copyright © 1999 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 301-461-7627, 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.  

Comments

Be the first to comment below.

Post Comment

Please log in or create an account to post comments.

Stay Connected

Sign up to receive email notification when new stories are posted.

Follow Us

Free Stuff

Stock Photo Pricing: The Future
In the last two years I have written a lot about stock photo pricing and its downward slide. If you have time over the holidays you may want to review some of these stories as you plan your strategy ...
Read More
Future Of Stock Photography
If you’re a photographer that counts on the licensing of stock images to provide a portion of your annual income the following are a few stories you should read. In the past decade stock photography ...
Read More
Blockchain Stories
The opening session at this year’s CEPIC Congress in Berlin on May 30, 2018 is entitled “Can Blockchain be applied to the Photo Industry?” For those who would like to know more about the existing blo...
Read More
2017 Stories Worth Reviewing
The following are links to some 2017 and early 2018 stories that might be worth reviewing as we move into the new year.
Read More
Stories Related To Stock Photo Pricing
The following are links to stories that deal with stock photo pricing trends. Probably the biggest problem the industry has faced in recent years has been the steady decline in prices for the use of ...
Read More
Stock Photo Prices: The Future
This story is FREE. Feel free to pass it along to anyone interested in licensing their work as stock photography. On October 23rd at the DMLA 2017 Conference in New York there will be a panel discuss...
Read More
Important Stock Photo Industry Issues
Here are links to recent stories that deal with three major issues for the stock photo industry – Revenue Growth Potential, Setting Bottom Line On Pricing and Future Production Sources.
Read More
Recent Stories – Summer 2016
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 complet...
Read More
Corbis Acquisition by VCG/Getty Images
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 Gett...
Read More
Finding The Right Image
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...
Read More

More from Free Stuff