Agencies/Distributors

Another VCG Update

By Jim Pickerell | 749 Words | Posted 4/22/2019 | Comments
VCG is still offline in China and there is no clear indication when they may be able to resume operations. It appears that VCG’s standard prices have ranged from tens to thousands of yuan. Thus, they could be as low $5 to $10 for the use of an image. Such prices seem to fit with the gross sales prices Getty Images has been reporting, minus a reasonable share for the selling agency. We also know that in a very few cases customers have paid well over $600 to use an image. However, It is unclear what the usage conditions have been for the extremely low prices or anything in between. Maybe VCG’s standard price packages have been very similar to those of Shutterstock or Adobe Stock. We don’t know.

Questions From China About VCG

By Jim Pickerell | 1320 Words | Posted 4/19/2019 | Comments
Photo World Magazine in China asked for my views on four issues related to the VCG copyright dispute. The following are my responses to the questions.  I’ve decided to share these comments with my readers. In addition, at the bottom of the story there links to some other stories on Selling-Stock.com that provide additional information

VCG’s Problems Continue

By Jim Pickerell | 509 Words | Posted 4/16/2019 | Comments
As we reported last week Visual China Group (VCG) in China was forced to close down itd website over the issue of offering the “Black Hole” photograph without giving “clear and visible” credit as required by the Creative Commons license.

Shutterstock Launches “View in Room” Augmented Reality For Mobile  

By Jim Pickerell | 326 Words | Posted 4/16/2019 | Comments
Shutterstock, has announced the launch of its first Augmented Reality (AR) feature, available on the Shutterstock customer iOS application. The latest update to the iOS application includes a new “View in Room” button that allows users to access their camera phone and virtually position any of Shutterstock’s 250 million images against the wall in a room of their choosing.

Brianna Wettlaufer Joins Adobe

By Jim Pickerell | 194 Words | Posted 4/15/2019 | Comments
Brianna Wettlaufer, former Co-Founder and CEO of Stocksy, has joined Adobe Stock as Head of Content. A longtime creative industry veteran and innovative entrepreneur Brianna has held numerous leadership roles in the stock photo industry including Vice President of Development at iStock among others. Brianna resigned her position at Stocksy last August for personal reasons.

Adobe Release 2019 Visual Trend, Brand Stand

By Jim Pickerell | 101 Words | Posted 4/15/2019 | Comments
Adobe has released its latest 2019 Visual Trend report called Brand Stand. The trend report explores consumers’ desire for companies that align themselves with important social issues and how brands like Nike and Gillette are driving this trend with high-impact creative that takes a stand.

VCG Violates Copyright

By Jim Pickerell | 229 Words | Posted 4/12/2019 | Comments
Techcrunch reports that VCG grabbed the first black hole photo released by the European Southern Observatory and immediately made the image available for sale for either editorial and commercial use without any attribution to the Event Horizon Telescope Collaboration (EHT), an array of radio telescopes that captured the black hole image.

In Defense Of Getty

By Jim Pickerell | 919 Words | Posted 4/11/2019 | Comments
More and more photographers are expressing frustration with Getty Images and saying they are pulling their images. Many are looking for another distributor that will charge higher prices and offer a better royalty share. I hate to defend Getty, but to be fair today’s low prices are not all their fault. If we go back to the early 2000s Getty tried to keep prices at reasonable levels, but once iStock and Shutterstock came on the scene, and got some traction, there was no way for Getty to hold out forever.

Rawpixel Changes Terms And Conditions

By Jim Pickerell | 414 Words | Posted 4/11/2019 | Comments
Rawpixel is an agency in the microstock arena that everyone in the stock photo business should be aware of. The company is headquartered in the UK, but its creative hub in Bangkok, Thailand. The company is the leading contributor to Shutterstock with over 1,000,000 pieces of content in the collection.

PIXTA Makes Business Alliance With Naver OGQ Market In South Korea

By Jim Pickerell | 194 Words | Posted 3/19/2019 | Comments
The Japanese microstock agency PIXTA which purchased Topic, a South Korean premium stock agency a couple years ago, has decided to make a business alliance with OGQ Co.,Ltd. in their "Naver OGQ Market." Naver is Korea's version of Yahoo or Google. The sales price for each image use will be 200 South Korean Won. This is equivalent to about $0.18 in U.S. dollars.

Getty To Push Exclusive RM

By Jim Pickerell | 701 Words | Posted 3/13/2019 | Comments
Getty Images sent out the following notice to image suppliers yesterday. Be sure to also see Getty Simplifying RM Exclusivity where I analyze the pros and cons of this plan for image creators. They said, "We will soon begin including a base level of Exclusivity into RM licenses called Market Freeze, which will allow customers exclusive use of an image for the combination of use, industry, geography, and duration of any commercial use license."

Getty Simplifying RM Exclusivity

By Jim Pickerell | 1012 Words | Posted 3/13/2019 | Comments
Will Getty’s move to simplifying RM Exclusivity be good for Image Creators? The following are several things RM contributors should think about. In particular, contributors who have co-exclusive agreements with Getty should question this new deal. See Getty To Push Exclusive RM for the full release on this new program

The End Of RM

By Jim Pickerell | 1002 Words | Posted 3/11/2019 | Comments
Getty Images personnel are telling some stock agency image suppliers that in 3 to 5 years there will be no more Rights Managed licensing. Everything will be RF. Currently, only 21% of the images in Getty’s Creative collection are RM. That is down from 55% in 2007, the last time Getty supplied detailed figures on gross sales of the various collections. Getty is also putting pressure on individual photographers to switch their RM images to RF.

How The Value Of Stock Photos Has Declined

By Jim Pickerell | 530 Words | Posted 3/7/2019 | Comments
Back in 2007 I was called on to place a value on a collection of wildlife stock images that were involved in a legal action. At the time I based the per-image value on the “average annual return-per-image” of the Getty Images collection. By dividing the gross 2006 RM revenue by the total RM images in the collection I determined that the average annual gross license fee for an RM image was $335.

PantherMedia Representing 360Cities

By Jim Pickerell | 259 Words | Posted 3/7/2019 | Comments
PantherMedia is now representing the work of the largest provider of 360 °/VR media provider, 360Cities. 360 °/VR media are ideal for use in education, publishing, advertising and film, as well as in the development of mobile apps and games. 360Cities has been curating high-quality, fully 360 ° interactive panoramic photos for over 10 years, working with thousands of passionate VR photographers and videographers from around the world.

What’s An Image At Getty Worth?

By Jim Pickerell | 736 Words | Posted 3/5/2019 | Comments
Yesterday, I received a call from a travel photographer who recently started contributing his work to Getty Images. He has about 200 images from various locations around the world in the collection. He just received a sales report for 3 Premium Access sales, each for royalties of under $1.00. He wanted to know who he could contact at Getty about such ridiculously low royalties.

Image Creators Need Better Sales Information

By Jim Pickerell | 865 Words | Posted 2/27/2019 | Comments
Image creators need better information about the kind of content that is selling. Are customers looking at higher priced content? Can creators earn more money if their images are in a collection like Offset where images are licensed for much higher prices? Should creators produce more stills? Should they buy new equipment and start shooting video that sells for higher prices? Shutterstock’s quarterly reports to investors aren’t very helpful in this regard.

Shutterstock 2018 Financial Results

By Jim Pickerell | 1218 Words | Posted 2/26/2019 | Comments
Shutterstock has reported Q4 2018 revenue of $162.1 million up $6.7% compared to Q4 2017. (The comparison excludes the 2017 revenue from Webdam which was divested in Q1 2018.) The revenue was also up $9.5 million from Q3 2018. Revenue per download averaged $3.40 per image, compared to $3.33 in Q4 2017. (Much of this growth is probably due to increased sales of video content offered at much higher prices than still image content.)

Low Slow Sales Growth For Shutterstock

By Jim Pickerell | 752 Words | Posted 2/15/2019 | Comments
Shutterstock will report its fourth quarter 2018 numbers on February 26, 2019. If the last three years are any indication, it is unlikely that there will be much evidence of additional sales growth. I’ve put together a chart of quarter-by-quarter sales since the beginning of 2014. The chart offers some interesting insights, particularly in regard to what has been happening in the last three years since the beginning of 2016.

Mint Images Distributing Spaces Images Collection

By Jim Pickerell | 143 Words | Posted 2/12/2019 | Comments
We missed the announcement last December that Mint Images had signed a worldwide exclusive distribution agreement with Spaces Images to represent the over 15,000 images its collection. These images are now available for direct licensing from Mint Images, and through Mint’s distribution partners around the world.

Dreamstime vs Google

By Jim Pickerell | 431 Words | Posted 2/8/2019 | Comments
U.S. District Judge William Alsup of the Northern District of California recently granted Google's motion to dismiss the antitrust claim filed by Dreamstime.com LLC but allowed claims of breach of contract and breach of covenant of good faith and fair dealing to move forward.

Getty Demanding Agencies Supply Them RM Exclusively

By Jim Pickerell | 611 Words | Posted 2/4/2019 | Comments
Sources tell me that Getty is demanding that U.S. agencies with RM images in its collection make those RM images fully exclusive through gettyimages.com. Otherwise Getty will terminate the Agreement. One theory for doing this is that Getty wants to be able to grant exclusive licenses through e-commerce sales. If Getty knows they have total control of a given image, then they would be able to grant exclusive licenses without the need to do any checking with the parent agency that represents the image to see if exclusive rights are available. This would be similar to the arrangement that Stocksy has with its photographers.

Mint Images Representing Londolozi Photography Collection

By Jim Pickerell | 380 Words | Posted 1/22/2019 | Comments
As of 1 September 2018, Mint Images obtained worldwide distribution rights for The Londolozi Photography Collection.  Both companies are very excited to be working together.  The collection is available for direct licensing from Mint Images, and through Mint’s distribution partners around the world. 

Shutterstock’s 2019 Creative Trends Report

By Jim Pickerell | 561 Words | Posted 1/16/2019 | Comments
Shutterstock has published its eighth annual 2019 Creative Trends Report. This year’s eleven design styles, many of which echo the past in a playful and in a decadent way, predict the top influences for design and visual production in 2019.

ABACA and ddp group Announce Strategic Partnership

By Jim Pickerell | 268 Words | Posted 1/14/2019 | Comments
Paris based photo agency ABACAPRESS and German ddp group, each a leading press
photo agency in their country, will join forces to increase photo production for their
core business, and to develop innovative services for new markets and corporate
brands.