Back in November
iStock contributors were told that “Due to the complexity of the work required (in the iStock Royalties and Unification Project) we are pushing back most of the changes by about a month.” Given the new system for calculating subscription royalties that was being introduced, January statement would not be available until February 20th
and royalties would be paid on February 25th. February 20th has passed. Still no statements.
A top 2017 priority for the major image distributors should be to reverse existing pricing trends and find a way to begin to increase usage fees to some extent. Usage fees have been steadily declining for a number of years. The industry must find a way to turn the corner.
Is there a future for editorial photographers in France? France used to be one of the most vibrant markets in the world for editorial photography. That seems to be rapidly dying, not because of a lack of French publications (See chart
) that want to use editorial pictures. Some just don’t want to pay for the images they use.
I was recently asked if I had any statistics on the number of unique RM/RF images available for commercial licensing. Last September Justin Brinson said he had more than 500,000,000 unique RM and traditional RF images (no microstock) on his PicturEngine
platform. These images were provided by 64 different agencies and a number of individual photographers.
One things that surprised me about the research I did for the Alamy Measures
article was the small number of sales that were recorded.
I Made A Mistake
. In last week’s story on Alamy Image Manager
I said that “contributors have no idea how frequently customers use a particular word to search for images.” That turns out to be totally wrong.
More and more frequently RM photographers are receiving notes from their agencies, or the production companies representing their work, suggesting that they move some of their older images to RF. This make sense for images that might have been good seller at one time, but haven’t made any sales in the last year or so.
As image databases get larger and larger, keywording becomes more and more important as photographers try to get their work high enough in the search-return-order for the images to be seen. Often creators must spend more time keywording than they spend taking pictures. In addition, image distributors are constantly coming up with new strategies that often necessitate going back and re-keywording images that have already been uploaded.
As of January 19, 2017 Shutterstock
had 119,292,457 royalty free stock images in its collection according to www.microstock.top
. They had added 1,352,852 new stock images during the week. I recently discovered microstock.top which provides some very detailed breakdowns of Shutterstock contributors. It is unclear how frequently they will update this information, but it is the kind of information that can help everyone in the industry – Shutterstock contributor or not – have better understanding of Shutterstock’s business.
Based on the number of downloads Shutterstock had in the first three quarters
it looks like they will report about 167,000,000 total downloads for 2016 when they report their full year numbers on February 27, 2017. Last year they reported
147,200,000 downloads for 2015.
has also announced a collaboration with Adobe to introduce a select set of 500px images to Adobe Stock users within the Adobe Stock Premium Collection
Some Getty Images RF contributors have begun to share sales data with iStock Signature contributors and are coming to the conclusion that they can earn more money from images in the iStock Signature collection than from images on Gettyimages.com.
Twenty-five to 30 years ago there was a large demand for stock images relative to supply. Prices to use a stock image -- while reasonable when compared to what it cost to hire a photographer for an assignment -- were much higher than they are today. It was possible for a professional photographer to produce a lot of images that no one wanted to buy, and still earn a decent living from the few that did sell.
Jon Oringer, Founder/CEO of Shutterstock Images has sent the following letter to staff and contributors outlining Shutterstock’s position on the recent immigration decision.
Getty is adding Programmatic Advertising content to its site. In June 2016 CEO Dawn Avery pointed out
, that “Over 97 per cent of visitors come to our websites to look at – not purchase – amazing imagery.” Getty is trying to find a way to earn some money from this 97% of users.
has released its annual Creative Trends report
, which is developed from analyzing the information from millions of searches and downloads.
Recently, I was asked my opinion of what Shutterstock
could do to grow revenue? The questioner had come to the conclusion that there will be very little growth in coming years in the number of stock photo customer or the quantity of still images or illustration that each will use. He also feels that iStock
and even Getty Images
have priced their products very competitively with Shutterstock making it difficult for Shutterstock to simply raise prices.
It is that time when everyone talks about “trends” for the coming year. Getty offered an hour-long seminar on January 19, 2017 that can be reviewed in this youtube video
has launched a new, easy-to-use global photographer directory
with over 50,000 photographers from 11,000 searchable locations across 191 countries. Customers may search for a photographer in a specific city or town who specializes in one of 18 different categories of photography.
Dreamstime editors and CEO Serban Enache recently released a promotion of 250 “authentic” images
from the Dreamstime collection. While this collection of images certainly shows customers that Dreamstime has some very impressive and beautiful images, it may not be very representative of what Dreamstime is actually selling. Thus, when planning future shoots image creators may not want to use this collection as a guide.
Erickson Stock has recently launched an RF collection
that is now available on PantherMedia
. For over 30 years Jim Erickson has been one of the US's preeminent commercial photographers and has created timeless imagery for hundreds of blue chip clients, including AT&T, American Express, Wells Fargo, Cisco, Pinnacle Entertainment, General Motors, HBO, Pfizer, Merrill Lynch, United Airlines and Home Depot.
If in the last 30 years you’ve seen an image taken in India there is a good chance it was supplied by Dinodia Photo Library. For years Dinodia images have been represented by many other image distributors around the world and those images have found their way into countless books, newspaper and magazine articles.
Getty Images has been granted a temporary restraining order against it former VP of Global Entertainment, Roxanne Motamedi. Motamedi held the post at Getty from June 2009 to November 2016 and was based in Los Angeles.
has announced that it has expanded its milestone multi-year deal with The Associated Press
(AP). Beginning this week, Shutterstock will distribute AP’s daily global photo output for license to customers based in the United Kingdom. Shutterstock’s enterprise customers in the United Kingdom will have access to over 30 million photos from AP Images.
The major agencies talk about how important their DATA is and how it has changed the industry. They argue that the company with the most and best data will be the winner. But I don’t think they are really looking at much of the data they have collected – or looking at it in the right way.