Agencies/Distributors

Shutterstock Full Year 2019 Financial Results

By Jim Pickerell | 1392 Words | Posted 2/13/2020 | Comments
Shutterstock has reported Q4 2019 revenue of $166.4 million up 3% compared to Q4 2018 and up from $157.42 million the previous quarter. Revenue per download averaged $3.44 per image, up from $3.40 in Q4 2018. Total image and video downloads for Q4 were up to 47.7 million compared to 46.8 million a year earlier. At the end of the year Shutterstock had over 314 million images and 17 million video clips, for a total of 331 million pieces of content in its collection.

Alamy Acquired By PA Media Group

By Jim Pickerell | 375 Words | Posted 2/11/2020 | Comments
Alamy has been acquired by PA Media Group a  UK-based news and information business. Founded 20 years ago, Alamy has one of the world’s most diverse creative and editorial stock imagery collections, comprising almost 200 million photographs, vectors and 360-degree panoramic images sourced from a network of over 100,000 photographers and 650 picture agencies and archives. . The business has close to 100,000 customers in more than 150 countries, working across a range of sectors including publishing, design, advertising and broadcast.

Alamy Sale: What Does It Mean?

By Jim Pickerell | 625 Words | Posted 2/11/2020 | Comments
Alamy may be the fifth largest company in the in the stock photo industry (after Getty Images, Shutterstock, Adobe Stock, and iStock) and has been doing reasonably well in a very sick industry. Alamy’s latest reported sales figures are for 2018 and can be found on the Companies House website.  on October 17, 2019. This report was recorded on October 17, 2019 and shows that Alamy had gross annual sales of £22.7 million ($29,305,500 ).

CORRECTION - Future Demand For Photography

By Jim Pickerell | 87 Words | Posted 2/5/2020 | Comments
CORRECTION - Please re-read yesterday's story on Future Demand For Photography. I made a serious math error in the original story. The situation for photographers is much worse than earlier reported. Unsplash’s statistics page currently reports 70,263,886 downloads per month. The combined monthly downloads of Shutterstock, Getty and Alamy only total about 16,433,333 downloads, or about 24% of Unsplash's monthly totals.

Future Demand For Photography

By Jim Pickerell | 378 Words | Posted 2/4/2020 | Comments
A reader asked recently, “Is it true that Unsplash is now getting more downloads than Getty, Shutterstock and Alamy combined?” According to Unsplash’s statistics page they currently have 70,263,886 downloads per month. Based on Shutterstock’s last quarterly report they have about 15,433,333 downloads monthly. Their downloads per quarter haven’t changed much quarter-to-quarter over the last two years so I think this number is a pretty good average and not really growing.

Freepik Company Appoints Oliveira CMO

By Jim Pickerell | 292 Words | Posted 1/31/2020 | Comments
Freepik Company, a platform of free and exclusive graphic content, has signed Rod Oliveira to a newly created position of Chief Marketing Officer in a move to strengthen an area of great strategic relevance for the brand.

Shutterstock Annual Music Subscriptions

By Jim Pickerell | 650 Words | Posted 1/23/2020 | Comments
Shutterstock says it is excited to announce a new annual music subscription for only $199 per-year or $16.60 per-month. This subscription gives the user the freedom to download as many tracks as needed, whenever they need them, for one low yearly price. Those interested may visit the pricing page to start their subscription.

2020 CEPIC Congress In Mallorca

By Jim Pickerell | 332 Words | Posted 1/20/2020 | Comments
The 2020 CEPIC Congress, the largest networking hub for agencies worldwide will take place at the Gran Melia Victoria in Palma de Mallorca from 27 to 29 May 2020 with a welcome reception on May 26th. Registration is now open. For fees and other registration details check out this link.

Shutterstock 2020 Creative Trends Report

By Jim Pickerell | 495 Words | Posted 1/14/2020 | Comments
Shutterstock has launched its ninth annual Creative Trends Report, identifying global and local trends that will influence design aesthetics and visual culture in 2020.

Shutterstock Historic Gross Revenue

By Jim Pickerell | 390 Words | Posted 12/22/2019 | Comments
A reader wrote, “Over the years you’ve published Shutterstock’s gross revenue number. It would be good to see the ratio of corporate earnings to photographer earnings after this weeks 1 billion horn blow.”

Will Getty Eliminate iStock Exclusive Deals?

By Jim Pickerell | 832 Words | Posted 12/10/2019 | Comments
An iStock Exclusive photographer asked, “Given that Getty is ‘racing to the bottom’ and is about to eliminate Rights Managed from its collection, do you think our Exclusive contracts will be next?" I don’t think so. It seems to me that it will still be to Getty’s advantage to keep the Exclusive segment of iStock.

Adobe Visual Trends For 2020

By Brenda Milis | 1417 Words | Posted 12/10/2019 | Comments
Each year, my team at Adobe Stock spends hundreds of hours pouring over thousands of pages of research reports, global news, search data, fine art, and fashion imagery and more to bring you the coming year’s creative trends. This year, we’re doing something a little bit different. For 2020, we’re excited to reveal not just four Visual Trends, but accompanying Motion Trends and Design Trends, too.

Russia Blocks Shutterstock Over 'Objectionable' Content

By Jim Pickerell | 193 Words | Posted 12/3/2019 | Comments
According to Reuters, the website of communications watchdog Roskomnadzor has said that one of Shutterstock’s domains was blocked in Russia on November 13th by the country's Attorney General because the site contained "insulting state symbols."

Where Getty Goes From Here

By Jim Pickerell | 1753 Words | Posted 12/2/2019 | Comments
Paul Roberts of the Seattle Times has recently interviewed Craig Peters, Getty Images CEO, and published an analysis of the company’s current situation entitled “Its Crunch Time For Seattle Based Photo Giant Getty Images, And For Photographers” that everyone in the industry may want to read.

RM Alive And Well At Alamy

By Jim Pickerell | 193 Words | Posted 11/25/2019 | Comments
A couple weeks ago I wrote about the Death Of Rights Managed Licensing, but Alamy reports that it is alive and well at Alamy.  They say, “There’s been lots of discussion in recent weeks about the future of Rights-Managed licensing. Alamy has no plans to discontinue offering RM images and will continue to offer photographers a choice to license their photos as Rights-Managed or Royalty-Free."

Adobe Announces Plan To Authenticate Photos

By Jim Pickerell | 584 Words | Posted 11/25/2019 | Comments
Adobe has announced a plan to authenticate photos as way way of helping consumers determine if the images they see on the Internet are real or fake. How this will work hasn’t been fully spelled out, but is expected to be rolled out in “coming months” according to Chief Product Officer Scott Belsky (See the video of his presentation here.

Photononstop To Promote Roger-Viollet and France-Soir Collections

By | 335 Words | Posted 11/25/2019 | Comments
The Paris Council, the City of Paris has just granted Photononstop Group, for a period of five years, the cultural promotion and commercial exploitation of the digital reproductions of two heritage photographic collections: Roger-Viollet and France-Soir.

Victoria Bridgeman Stepping Down As CEO

By Jim Pickerell | 202 Words | Posted 11/25/2019 | Comments
Bridgeman Images announces that CEO, Victoria Bridgeman after twenty years with Bridgeman Images and the last eight as CEO has decided to step down at the end of the year and move on to new challenges. Dirk Hendrickx, currently Global Head of Sales and Marketing, has been appointed to succeed her at the start of 2020.

Premium Access At Getty

By Jim Pickerell | 1351 Words | Posted 11/20/2019 | Comments
For over a decade image creators have been discouraged by Premium Access pricing. I believe PA was first instituted around  2006 as a way for Getty to get a guaranteed monthly payment from some of its largest Enterprise clients rather than the company be being subject to the erratic monthly image needs of some of these customers where they might purchase a huge number of images one month and little or nothing the next.

Shutterstock Offers Unlimited Music Subscription

By Jim Pickerell | 280 Words | Posted 11/18/2019 | Comments
Shutterstock, Inc. has announced the launch of an unlimited monthly subscription for Shutterstock Music. The new plan is geared toward digital content creators, including YouTubers, podcast producers, and social media managers, offering a cost-efficient solution to licensing unlimited high-quality tracks at $149 per month.

Shutterstock Names Jarrod Yahes as CFO

By Jim Pickerell | 278 Words | Posted 11/17/2019 | Comments
Shutterstock, Inc. has announced that Jarrod Yahes is joining the Company as Chief Financial Officer, effective December 9th, 2019. In this role, Yahes, will lead Shutterstock’s Finance, Investor Relations, and Accounting functions. Jarrod will drive financial strategy and report to Jon Oringer, Shutterstock's Founder and CEO.
“Jarrod’s expertise in financial management and strategic growth, as well as his industry experience will be invaluable to our continued success as our company evolves,” said Oringer. “We are pleased to welcome Jarrod to our leadership team and look forward to his contributions to our business.”

Everett Collection Represents Photo Link Collection

By Jim Pickerell | 199 Words | Posted 11/15/2019 | Comments
The Everett Collection now represents the Photo Link Collection! A finely edited portfolio focusing on New York City celebrities during the 1970’s to 2000’s. Highlights include behind the scenes shots and life behind the velvet ropes inside Studio 54.

Growing Revenue At Shutterstock?

By Jim Pickerell | 1184 Words | Posted 11/15/2019 | Comments
I was asked recently what I thought Shutterstock could do to grow revenue. My answer was not much. I don’t think it will be possible to grow the downloads very much. Shutterstock has focused for several years on growing the number of Enterprise customers. But, I don't think that is likely to work either. The one thing they could do is raise prices on at least some of the images they license. See my thoughts on why this is a good idea that they are not likely to adopt.

Saving RM and Copyright

By Jim Pickerell | 1755 Words | Posted 11/13/2019 | Comments
Getty’s decision to kill RM may be an opportunity for all those agencies and individuals who want to: (1) continue to license images for higher prices based on usage and (2) enforce their claims of copyright ownership. The key will be in providing a service that will help users, not just benefit image creators.

Death Of Rights Managed Licensing

By Jim Pickerell | 1700 Words | Posted 11/6/2019 | Comments
Getty is shutting down all Rights Managed licensing on www.gettyimages.com. This may effectively be an end to the entire marketing strategy of pricing stock images based on how they are used. While there are still a number of small and mid-sized agencies that continue to price images based on usage, it seems highly unlikely that they will be able to continue to build their image collections or attract many customers in the future. Every stock photographer and stock agent should read this explanation of Getty’s plans for “phased retirement of rights-managed creative images.”