Agencies/Distributors

SilverHub Going Into Administration

By Jim Pickerell | 181 Words | Posted 6/18/2018 | Comments
Sources tell me that in an all-staff conference call on Wednesday, June 13, 2018, Nick Evans-Lombe and Adrian Murrell informed the SilverHub.Media staff that the company would be going into administration, the UK version of bankruptcy protection.

DroneBase Footage Now Available At Shutterstock

By Jim Pickerell | 248 Words | Posted 6/7/2018 | Comments
Shutterstock is expanding its aerial footage collection in a new distribution deal that will deliver hundreds of high-quality 4K videos produced by the largest global drone operations company, DroneBase. From a soaring bird’s-eye view of the biggest cities in the world to incredible coastline vistas, all of this immersive content is now available to license for commercial use on Shutterstock.

Stocksy United Removes Membership Cap

By Jim Pickerell | 633 Words | Posted 6/1/2018 | Comments
Stocksy United, the artist-owned photography + cinematography co-op that has tightly limited its membership since its founding in 2012, has made a decision to open its doors to new contributors. Stocksy has seen continued strong growth since its founding due to careful selection of new contributors, tight editing and licensing fees considered reasonable by customers, but still fair to contributors. In 2015 revenue was $7,928,745, up 126% from $3.5 million in 2014. By the end of 2017 revenue had grown another 26% in two-years to roughly $10.7 million.

500px Marketplace Closing Down

By Jim Pickerell | 378 Words | Posted 5/31/2018 | Comments
Contributors to 500px Marketplace are finally learning what Visual China Group (VCG) has planned for them. VCG has just sent them a message outlining some “major enhancements” that are coming. “ “These changes will help maximize your potential earnings by positioning your content at the right price and with the right distribution. Starting July 1st, 2018, we’re offering our community an exclusive opportunity to work with our newest global distribution partner, Getty Images,” the message says. (emphasis mine)

Getty RF Promotion

By Jim Pickerell | 247 Words | Posted 5/29/2018 | Comments
Getty has just sent out an email to its customers promoting its Creative Royalty-Free Imagery.  When you click on View All Creative Images you find that there are 16,844,390 images in the Creative RF collection. There are also 6,590,271 "Creative RM" images in the total Creative Collection.

Sandoval To Manage New & Press Business Development For agefotostock

By Jim Pickerell | 403 Words | Posted 5/25/2018 | Comments
agefotostock has appointed Yolanda Sandoval as Business Development Manager for the News & Press area of the company following the launch of their new website that simplifies their business into three primary business areas, Press, Creative and Economic imagery. Economic imagery was formerly referred to as Creative Stock photography. Sandoval will work out of the Madrid office.

Can Getty Raise Prices?

By Jim Pickerell | 996 Words | Posted 5/24/2018 | Comments
After years of Shutterstock taking market share from Getty, it seems that the two have achieved a state of relative parity with regard to gross revenue generated from the licensing of still images. Customers no longer seem to be leaving Getty because its prices are too high. In fact, Getty seems to be charging selected customers less per-image than what Shutterstock would charge them. Where AdobeStock fits in is unclear, but for the time being each seems to have a customer base that favors them. There does not seem to be a lot of movement of customers from one to the other.

Distributing RM Images To Multiple Agencies

By Jim Pickerell | 387 Words | Posted 5/23/2018 | Comments
Arcangel Images has sent the following message to the photographers it represents. “Again, we ask all photographers not to split rights-managed photoshoots between libraries or submit to other outlets near identical RM images to those held by Arcangel. Aside from devaluing your work, this can and will lead to major licensing conflicts. This not only affects our reputation as a supplier of high-end imagery, one which has taken almost twenty years to build but can be costly for the photographer, as they may be liable to pay legal and re-printing costs.”

Lebrecht Photo Library Acquired By Bridgeman

By Jim Pickerell | 256 Words | Posted 5/22/2018 | Comments
Bridgeman has announced the acquisition of Lebrecht Photo Library, the world’s largest image bank for music and related arts, with a collection of over 400,000 specialist images. Lebrecht is the world's most comprehensive image bank for every kind of music ever created  - classical music, jazz, opera, rock music, musical instruments, notation, Broadway musicals, dance and ballet. It also has an extensive archive for literature and historical personalities.

IBM Watson To Improve Shutterstock Search

By Jim Pickerell | 301 Words | Posted 5/18/2018 | Comments
Shutterstock is enlisting the help of IBM’s Watson AI technology to make it easier for marketers to find images, videos, and music tracks. The company announced today that its library of more than 200 million assets will become available in July through the Watson Content Hub, a cloud-based management system designed to aid in the creation of websites, apps, billboards, and more.

agefotostock Divides Website Into News, Creative And Microstock

By Jim Pickerell | 729 Words | Posted 5/17/2018 | Comments
When one analyzes the market for images, it is easy to see that the stock photography business seems to be classified into three image groups that clients can browse and license. Press and news images, creative photographs and a mountain of other visual content that goes from cheap to very cheap, defined as Microstock, although if we want to go lower on pricing, we can also find masses of free pictures from unknown, if not desperate authors, produced to generate internet traffic.

Do We Need Floor Prices?

By Jim Pickerell | 847 Words | Posted 5/15/2018 | Comments
A reader agreed with the lead in “Escalating Price Based On Demand” that few photographers understand what they should charge for their work, but he argued that there is “another possible consideration.” He said it is important to establish a “floor price” below which you won’t license a usage. He asked, “why won’t agencies allow creator to set a ‘floor price” for ‘special images?’ It can be painful to see $2.50 sales of extremely complicated to produce images. Creators should be able to mark certain "high value images" so they can't be used unless the buyer is willing to pay at least a minimum fee.”

Is $1.00 Per-Image, Per-Year Enough?

By Jim Pickerell | 1169 Words | Posted 5/14/2018 | Comments
Recently Alfonso Gutiérrez, CEO of AGE FotoStock told one of my readers that a "professional" stock photo collection in an agency should be returning to its contributors a minimum of $1.00 per-image per-year. The photographer noted that his returns from AGE were way below that number and he wondered whether many photographers are seeing that kind of return.

Photochain: Rewriting Rules For Monetizing Images

By Jim Pickerell | 685 Words | Posted 5/9/2018 | Comments
Photochain is raising funds to build a blockchain based stock image platform that is excepted to go live by the end of 2018. Artists will be able to define the price for their work and receive “up to” 95% of the price they set (depending on the business model). The platform takes a commission to maintain the platform, and to offer support, marketing and other services.

Shutterstock Launches New Search Tools

By Jim Pickerell | 332 Words | Posted 5/8/2018 | Comments
Shutterstock, Inc. has launched of Shutterstock Reveal, a new Google Chrome extension, together with the release of its new experimentation site, Shutterstock Showcase, which features two additional new search innovations - Copy Space and Refine.

Can Shutterstock Grow Revenue?

By Jim Pickerell | 1034 Words | Posted 5/1/2018 | Comments
Shutterstock ought to think about raising prices. Clearly the number of images download is flat and not likely to grow significantly in the future. Just look at the quarterly download numbers for 2016 and 2017. The overall market for stock photographer is not growing. For years Shutterstock got away with taking market share away from Getty. They though that because their downloads were growing that the market was growing. In reality they were just taking customers away from Getty.

Wemark Enters Stock Photography Marketplace

By Jim Pickerell | 738 Words | Posted 4/30/2018 | Comments
Wemark has announced on VentureBeat.com that it is looking to replace existing agencies in the stock photography marketplace with a blockchain strategy that supports direct transactions between creators and customers and gives photographers control over the price of their photos.

Shutterstock Q1 2018 Financial Results

By Jim Pickerell | 1009 Words | Posted 4/26/2018 | Comments
Shutterstock has reported Q1 2018 revenue of $153 million up $22.8 million compared to $130.2 million in Q1 2017. On a constant currency basis revenue grew about 12.8% compared to the first quarter of 2017. The revenue was also up $1.8 million from Q4 2017. Revenue per download averaged $3.40 per image, an 16.8% increase over Q1 2017.

Images On Getty They Can’t License

By Jim Pickerell | 366 Words | Posted 4/24/2018 | Comments
Does anyone know. who owns the copyright to image 607387712 of Marilyn Monroe on Gettyimages.com. Evidently Getty doesn’t. It seems that Getty has the rights to license the image for “Standard Editorial Rights,” but that does not include commercial use rights or print cover rights. Evidently it also doesn’t include the right to license a use for wall décor because Getty will not license the image for that purpose.

SmugMug Acquires Flickr

By Jim Pickerell | 942 Words | Posted 4/23/2018 | Comments
SmugMug, an independent, family-run company, has acquired Flickr from Verizon’s digital media subsidiary Oath. Flickr was founded in 2004 and sold to Yahoo in 2005. Yahoo, in turn, was acquired by Verizon in 2016 for $4.83 billion. Verizon combined Flickr with AOL to create a new subsidiary called Oath.

BrandCamp By Cavan Images

By Jim Pickerell | 853 Words | Posted 4/19/2018 | Comments
As more and more photographers with experience at putting together high production value shoots are leaving the stock photo business major brands are beginning to have trouble finding the images they need in stock photo files. There are plenty of cheap images and plenty of candid, “real life” images, available as stock photos, but often they don’t fit the concepts brands have in mind.

Declining Distributor Sales

By Jim Pickerell | 1299 Words | Posted 4/18/2018 | Comments
Back in the 1990s and early 2000s stock photo agencies began placing more and more copies of the images they represented with distributors around the world. Initially, this resulted in significant increases in revenue for the image creators and the primary agencies. The Internet and agency consolidation has changed all that, particularly for the image creator. Now, in many cases the distributor system has simply become a way to siphon off a bigger portion of the gross fee paid by the customer to middlemen before the image creator gets his share.

Image Source Partners With Luxy Images

By Jim Pickerell | 313 Words | Posted 4/16/2018 | Comments
Image Source has announced a new strategic partnership with high end brand, Luxy Images to deliver a bespoke (customized) image service direct to clients in Europe at www.imagesource.com.

Silverhub and Wonderhatch Combine Editorial Assignment Operations

By Jim Pickerell | 292 Words | Posted 4/16/2018 | Comments
SilverHub Media Group, which has become a vibrant new player in the editorial and assignments space since its launch in 2016, today announces that it has combined its editorial and assignment brand, SilverHub, with Wonderhatch, a freshly launched photographic and film assignment business.

Blend Images To Close Operations

By Jim Pickerell | 1448 Words | Posted 4/13/2018 | Comments
Blend Image, at one time the leading stock photo production company in North America, has announced to its image creators that it is “winding down” operations, “trying to negotiate deals that might provide members with the option to move their content without having to resubmit it,” and making plans to otherwise return content  by October 2018.