What To Shoot: Learning From iStock

Posted on 7/12/2018 by Jim Pickerell | Printable Version | Comments (0)

In the previous story I examined the Getty Image Creative collection, and in particular EyeEm’s contribution to that collection, in and effort to determine what subject matter might be in greatest demand, and thus most needed.

iStock offers some interesting insights into the subject because it basically has two separate collections – Signature and Essentials – with imagery at different price points.  The Essentials image are non-exclusive and many of them can be found in other microstock collections. The Signature images are exclusive to iStock and offered at 3 times the price of the Essentials.

It is important to note that a few years ago Getty reported that about 75% of iStock revenue comes from licensing Signature image. Assuming that percentage is still accurate that would indicate that they license about an equal number of Signature and Essential images annually. This is particularly interesting because their may be as many as 5 times as many Essentials images in the collection as there are Signature and the Essentials only cost one-third as much.



From the information on the site it is impossible to determine the exact number of images on the iStock, but based on the number of images in the Getty Creative collection and the numbers in each of these keyword categories, I estimate that there are currently about 72 million images on iStock.

  iStock iStock Percent iStock Times In
  All Signature Signature Essentials Essentials
           
Nature 20,452,526 2,785,871 13.62%
17,666,655 6.34
Scenic 4,597,638 841,429 18.3% 3,756,209 4.46
Landscape 6,348,580 987,946 15.56% 5,360,634 5.43
Architecture 5,283,614 838,585 15.87% 4,445,029 5.3
Flowers 6,239,891 685,878 10.99% 5,554,013 8.1
Animals 8,619,610 1,056,674 12.26% 7,562,936 7.16
Travel 10,800,414 2,194,464 20.32% 8,605,950 3.92
Recreation 4,997,035 1,515,388 30.33% 3,481,647 2.3
Food 14,619,172 1,557,028 10.65% 13,062,144 8.39
Agriculture 2,732,771 357,547 13.08% 2,375,224 6.64
Children 3,728,924 1,078,696 28.93% 2,650,228 2.46
Industry 4,113,805 796,275 19.36% 3,317,530 4.17
Business 8,016,609 1,758,470 21.94% 6,258,139 3.56
Family 2,087,760 624,863 29.93% 1,462,897 2.34
Aviation 552,332 107,837 19.52% 444,495 4.12
Medical 3,116,284 491,604 15.78% 2,624,680 5.34
Computer 2,448,107 655,197 26.76% 1,792,910 2.74
Office 2,002,303 509,900 25.47% 1,492,403 2.93
Education 1,845,306 391,146 21.2% 1,454,160 3.72
Drugs 1,170,306 145,822 12.46% 1,024,484 7.03
Soccer 233,377 48,637 20.84% 184,740 3.8
Business Meeting 341,752 161,191 47.17% 180,561 1.12
Drone 85,635 13,420 15.67% 72,215 5.38
   


 
   
 
  114,433,751 19,603,868   94,829,883 5

It is interesting to note the percentage of images in the Signature collection (column 4) relative to the number of images in the Total collection (iStock All column). The percentage of images in each keyword category seems to be closer to what I think demand might be than the breakdown of the Getty collection in the previous story.



Almost 30% have the keyword Family and 29% have the keyword Children. In the Business category there are more total images in the Signature collection than in the entire Getty collection, as well as 27% with the keyword Computer, 25% Office and 47% Business Meeting.

It is believed that a higher percentage of the photographers contributing to the Signature collection compared to EyeEm contributors are trying to earn a significant portion of their living from the images they produce. In order to maximize revenue the Signature photographers tend to study the market and focus on producing the type of images that seem to be in greatest demand.

In addition, iStock seems to be more picky than Getty with regard to who they will accept to be Signature contributors and the type of images they will accept for the Signature collection.

That leaves the question. When trying to determine what to shoot and where to spend their money on production should photographers place more weight on the iStock demand statistics, or those of Getty?


Copyright © 2018 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