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On February 24th at an invitation-only conference hosted in Miami by JPMorgan Chase & Co. Getty Images executives told investors that midstock revenue had declined 15% in Q4 2014 compared to Q4 2013. This decline was on top of a 9.8% decline in Q3 2014 compared to a year earlier. Getty’s midstock division includes iStock, Thinkstock and Photos.com.
The Associated Press and the National Football League today extended their commercial photo agreement, solidifying the AP’s status as the worldwide commercial licensing agent of the NFL through the 2017 season.
Jerry Tavin and Joe Panker launched Come Alive Images
. This site is dedicated to the commercial potential of GIFs—motion graphics, cinemagraphs, animated photography, looping illustrations and animation, 3D stereo photography and photo/video hybrids.
, the world’s leader in visual communication, and LeanIn.Org
, the women’s non-profit founded by Facebook COO Sheryl Sandberg, are celebrating one year of partnership with the anniversary of the Getty Images Lean In Collection
– a curation of images devoted to the powerful depiction of women, girls and the communities who support them. Images from the collection have been licensed in over 65 countries, including Qatar, Kuwait and Korea, with sales doubling since the collection’s inception in February, 2014.
I understand that Getty Images won’t be releasing Q4 2014 information to bond traders until April. Investors are anxiously awaiting the results and hoping Getty has been able to turn around its Midstock division (iStock, Thinkstock and Photos.com) in the first full quarter since its dramatic change in pricing strategy last September
has launched a highly curated Premium RF collection
that places some of the company’s best images into a simple and easy to understand pricing model. The $250 for a small: 3mb/72 dpi image file and $500 for a 50mb/300 dpi file is a direct copy of the pricing used by Shutterstock
for its Offset.com
has reported $91.2 million in revenue for Q4 2014, a 34% increase over Q4 2013. There were 33.5 million downloads for the quarter. About 28 percent of revenue for the quarter was paid out to contributors in royalties. The average price per download was $2.68 up from $2.65 in the previous quarter and a 10% increase compared to Q4 2013. There were 46.8 million images in the collection at the end of 2014 plus 2 million video clips. At the end of the quarter the company had 513 employees worldwide.
Getting new customers can be difficult. During Q3 2014 Shutterstock
spent about 25% of its gross revenue on sales and marketing. At that rate sales and marketing costs for all of 2014 could be in the range of $80 million.
Popular photo services platform LightRocket
is accepting submissions for a photojournalism competition with prizes worth US$10,500, including US$4,000 for the Photographer of the Year.
After 44 years as owner and CEO of mauritius images
GmbH Hans-Jörg Zwez has retired. Stefan Ploghaus has taken over as new owner and CEO of the photo agency. The purchase price was not disclosed.
After reading “If I were Adobe
” Zeke Koch wrote, “I don’t totally get it. Why do you think we should avoid adding stock to Creative Cloud subscriptions?” I probably didn’t make my arguments clear. The following may help.
, a stock photography agency based in Spain with offices in Barcelona, Madrid, New York, and Paris, launched a new look on their website this week.
Adobe’s acquisition of Fotolia
is expected to close in February (second half of Adobe’s fiscal Q1 2015). Assuming everything goes well the next question on the minds of everyone in the stock photo industry is what will Adobe do with Fotolia and how will that affect the rest of the players.
, the one-stop music licensing hub for online and digital media, is delighted to announce Christina Vaughan is taking up the position of CEO from the 1st of February. Christina will remain as Chairman of Image Source
but will relinquish day to day operations of the business to Anthony Harris, who becomes Image Source’s CEO.
Image creators always want a higher royalty. How’s 100%
of what the customer pays? At Videoblocks Marketplace that’s what contributor will receive when their HD and 4K video clips are used. Too good to be true? Read on.
Based on the searches they have been getting in the last few months Shutterstock has just released a new infographic on 2015 Creative Trends
in the demand for still images, illustration and video clips. One of the interesting trends for photographers is that searches for “top view” have increased 66% in the past year.
has announced today the launch of the Pond5 Public Domain Project
, ( the first library of free public domain content designed specifically for media makers. The initial collection includes 10,000 video clips, 65,000 photos, thousands of sound recordings, and hundreds of 3D models.
Dreamstime has been selected as a “beta provider of stock photos for Google display ads.” According to the explanation on the company’s online forum
contributors will be paid roughly $2 per image selected during the “beta” license period which is 12 months.
Yesterday, Shutterstock paid $33 million in cash to acquire London-based Rex Features
In the technology section of its website Crain’s New York Business
says, “The purchase of Rex puts Shutterstock in direct competition with Getty Images for a share of the editorial stock photography market, and ends long-held speculation that Shutterstock was looking to knock off its London rival.”
Shutterstock has announced that it is expanding its editorial and music services businesses with the acquisition of two companies -- Rex Features
Will Adobe offer a tool that makes it possible for its Illustrator and InDesign customers to discover if the images they find on microstock sites (particularly Shutterstock or iStock) are also available at Fotolia where they can be purchased for much less?
When Adobe takes over Fotolia
be forced to lower their Image On Demand (IOD) prices? Basically, since Getty lowered iStock prices
last September non-exclusives images on iStock and Shutterstock images are priced about the same – roughly $10 per image for any file size. However, Fotolia images are priced 25% to 60% lower than Shutterstock on a yearly basis, and 60% to 75% lower if the customer purchases a Fotolia image pack on a monthly basis.
After last week, readers probably feel they have more information about iStock than they ever wanted to know. But an analysis of where contributors who produce microstock images live provides some additional insights into the future of stock photography. I promise this will be the last analysis of iStock data until July.
Most stock contributors want to believe that if they continue to produce more and better images more of their work will be downloaded (purchased by customers), and they will make more money. That’s not the way it seems to have worked at iStock in the last two years.
Since 2009 I have been tracking sales of some of iStock’s leading contributors and beginning in 2012 I have tracked 430 of them on a semi-annual basis. While 430 is only a small percentage of iStock’s total contributors which may number over 100,000 at the end of 2014 this small group had a combined total of over 54,982,100 image downloads in their careers with iStock. I believe this is about one-third of total iStock downloads since the company’s founding in 2002. Thus, the combined experience of this group is significant.