Shutterstock has notificed its Offset contributors that it has decided to make Offset content available to its Enterprise clients (over 24,000 of them) at a price point between $50 and $100. The current Offset price for a 72dpi web use image is $250.
In a Photo District New interview entitled “Too Big To Sue”
Getty Images General Counsel Yoko Miyashita and VP and General Counsel Lisa Willmer explain why Getty Images is not suing Google Inc. in the US for copyright infringement. This is a must read for everyone engaged in the image licensing business.
In order to safeguard its users, 500px Marketplace
has modified its submission requirements by asking for extra details to confirm the identity of its contributors. As of May 16, 2016 contributors must confirm their contact information and provide a copy of their government ID before any new images they submit to Marketplace can be sold.
If you’ve got quality digital image files that have been sitting around for a while and earning little or no money, there may be a way to get some cash for them. GraphicStock
, owned by VideoBlocks
, is paying a small one-time fee for non-exclusive rights to image collections. For this one-time fee they receive the right to license the images to customers non-exclusively, in perpetuity. No additional royalty will be paid to the creator for such sales.
Microsoft has teamed up with Shutterstock
to add integration within PowerPoint in order to offer access to the vast collection of images for use in presentations.
is happy to announce that the royalty free images of the renowned Parisian Agency PhotoAlto
are now available via PantherMedia. This addition gives extra flair to PantherMedia’s Premium Collection. PhotoAlto's images distinguish themselves with a special touch of fashion and style that can only originate from Paris. Creatives all around the world hold PhotoAlto in high regard due to its strong technical quality paired with a specific, individual take on subjects and themes of any type. While the main focus of the collection is on people photography, there is also a strong emphasis on food, travel and other subjects.
has enhanced the already prolific stock media catalog of 43 million images and is now accepting submissions to build a library of royalty-free audio clips. In the first 24 hours after opening the site for submissions Dreamstime received more than 10,000 sound clips. The new audio section will eventually contain thousands of high quality professionally produced sound effects and music files, not currently found anywhere else in the industry. The royalty-free audio clips are grouped into four categories which include instrumental, style, theme, and sound effects, with many sub-categories available for further refining, ensuring users can quickly find the exact sounds or music their projects require.
Everyone says there is increasing demand for photos. And there certainly is for photos that can be had for $1.00 or FREE. But is there increasing demand from those customers who used to buy photos for use in advertising and major marketing campaigns? The following are some statistics. Unfortunately, this story may raise more questions than provide answers, but the questions are worth considering.
has reported Q1 2016 revenue of $116.7 million up $19.1 million compared to Q1 2015. The growth is due mainly to new customers and increased activity by enterprise clients. Royalties paid to contributors during the quarter were about 29% of total revenue, or approximately $33.8 million. Currently, there are over 100,000 contributors meaning that the average contributor earned $338 during the quarter.
Corbis contributors have received the following information relating to the release from their contracts from Corbis & Unity Glory/VCG, the Chinese company that purchased Corbis.
Being represented exclusively by a single agency, or distributor, used to be important if you wanted a chance to license your images for high dollars for advertising or product identity uses. These customers wanted assurance that no one else would be using the same image while their campaign was in progress and they were willing to pay a lot of money for such rights.
More and more photographers have started to produce stock footage as a way to grow their business. Clearly, there is increasing demand for video clips as well as a greater need for video than still images. One of the questions I’m frequently asked is “What are the best companies to represent my work?”
Getty has supplied Corbis contributors with the information below. For many the most important information is that after May 2nd Corbis contributors who have not signed a separate agreement with Getty Images will be released from their contributor contracts and all survival periods will be waived.
has filed a competition law complaint with the European Commission against Google Inc. The complaint follows Getty Images’ submission in June 2015, when it joined as an interested third party in support of the European Commission’s existing investigation into Google’s anti-competitive business practices.
The take over of the stock photography business by amateurs and part-timers is not new, but the long range implications are worth considering.
In 2014 500px introduced (500pxprime.com
), a licensing arm of its global online photography community that was launched in 2009 for the purpose of sharing and discovering images. Initially, prices were $50 for web use and $250 for print uses. The royalty share started out at 70%, but now it has been cut to 30%. Photographers are not happy with the pay cut.
Shutterstock has signed a 3-year exclusive worldwide distribution agreement with Starpix
, a boutique celebrity, red carpet and event photo company that provides photo coverage on the East coast for leading film studio clients and publishers.
has announced a partnership with PR Newswire
that will provide its customers with access to the Shutterstock 83 million+ image library of licensable photos.
Some Corbis photographers whose images have been integrated into the Getty Images collection tell me that their images are appearing high in the search-return-order for searches of their particular subject matter.
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 Getty Images collection. Getty’s collection was marketed in China by VCG before the sale. The new enlarged collection with the addition of some Corbis images will continue to be marketed in China by VCG.
The Shutterstock Contributor App that contributors may obtain from the Apple App store has been upgraded to allow contributors to directly attach, upload and manage model and property releases to their images from their phones.
How low can prices go? Is the volume of images used more important than earning money when an image is used? Must we accept whatever the customer is willing to pay, or is it possible, at some point to say NO? If there is such a point where is it? Most photographer will agree there is some point where the people representing our images should say NO, but there is big disagreement on where that point should be.
In recent seminars and webinars Getty provided contributors with information about buyer activity and tried to help them understand what customers need. One of the most important bits of information was that Getty is currently licensing rights to 10 RF images for every 1 RM. For years the average licensing fee for an RM image has been about 2.5 times that of an RF image. While the royalty share of an RM sale tends to be higher than an RF sale (about 35% to 20%) at a 10 to 1 ratio creators are likely to earn significantly more licensing their images as RF than as RM.
, has launched Megapixl.com
, a new website that utilizes machine learning to offer more refined stock image choices based on past user behaviors. This artificial intelligence (AI) utilizes past behavioral data garnered from millions of designers in order to determine which content is the most relevant and suitable for the individual user.
Veer has closed its doors and photographers have been released from any contractual obligations they had with Veer. Images belong to Veer photographers have not been automatically migrated to iStock, but photographers can request a transfer and sign a new iStock contract if they wish. Effective May 2, 2016, the Corbis Images and Corbis Motion businesses and websites will no longer be accessible.