Agencies/Distributors

Shutterstock Elements Offers Cinema-Grade Video Effects

By Jim Pickerell | 381 Words | Posted 7/17/2019 | Comments
Shutterstock, has announced its new footage offering—Shutterstock Elements. Over 3,000 elements captured on cinema-grade cameras and lenses have been added to the site, including transitions, lens flares, VFX (visual effects), video kits, film overlays, HUD (head-up display) and UI (user interface) elements. Compatible with all major video editing programs, Elements also includes detailed tutorials on how to optimize effects.

Will Photo Assignments Go The Way Of Stock

By Jim Pickerell | 874 Words | Posted 7/16/2019 | Comments
In the last decade we have all watched the decline of stock photography as more and more photographers got into the game, the total revenue spent by buyers grew very little if at all and even the best photographers have seen significant declines in their annual income. I suppose this benefited the buyers. Now they are able to get the images they need for much less than they had to pay before – and in most cases much less than their real costs of production.

Getty Moving Rapidly To Eliminate RM

By Jim Pickerell | 3380 Words | Posted 7/9/2019 | Comments
Getty Images is moving rapidly to eliminate RM images from its Creative collection. As of July 3rd, there were only 2,387,383 RM images representing about 8% of the total collection of 28,624,340 images. However, it gets worse. There are 54 independent distributors listed as having RM image collections on the site. But, if you search those collections individually you find that only 4 of them have any images for a total of 129,241 images. In most cases the searcher is told “zero results.” The vast majority of images still being licensed as RM are in the Getty wholly owned collections.

Are Your Images On Getty Being Seen?

By Jim Pickerell | 603 Words | Posted 7/9/2019 | Comments
It is interesting to note that when we searched the 210 individual collections and recorded the numbers in each the total came to 28,591,367. However, if you go to the site and search for all images you are only shown 26,240,654 images. For those who haven’t tried this you can simply go to gettyimages.com, enter any keywords and hit return. When the return come up with the “Filter” option on the left hand side of the screen remove the keyword, leave the search bar blank and click again. Now, you will be shown all the images for the “License Type” you have requested. Be sure the “License Type” is set on RF or RM. Then you can go to “Collections,” choose the one you want and see all the images in that collection.

iStock Facebook “Private” Group

By Jim Pickerell | 518 Words | Posted 7/4/2019 | Comments
A number of iStock contributors interact on the Facebook “private” group for iStock. In reviewing comments and complaints for the last couple years there seems to be general agreement that sales started to decline in late 2018 and the decline has continued into 2019. This is compared to what sales were in 2017 and early 2018.

Shutterstock Enterprise

By Jim Pickerell | 891 Words | Posted 7/3/2019 | Comments
One of the big questions about Enterprise sales at Shutterstock is “Why do big customers want an Enterprise deal?” On average Enterprise customers are paying more per quarter than E-commerce customers. What additional services do they get? In 2018 Enterprise customers generated about 40.9% of Shutterstock’s total revenue, or about $254.8 million. The average Enterprise customer pays Shutterstock $6,370 per year, but they could be getting 750 images per month for $2,388 a year. Maybe they are using a lot of video at $63.16 per clip, but there must be other benefits justifying the paying of the much higher fees.

Free Images on Chinese Website “Xiaba.com”

By Jim Pickerell | 214 Words | Posted 7/3/2019 | Comments
On the iStock contributor forum Brenda Bazylewski of iStock contributor relations recently reported the following. “We (iStock) were recently made aware of the Chinese website, “Xiaba” which was offering iStock imagery for personal educational use only, free of charge. According to the terms of their license, the imagery could not be used for commercial or editorial purposes."

CFO Steven Berns Leaves Shutterstock

By Jim Pickerell | 278 Words | Posted 6/26/2019 | Comments
Shutterstock announced yesterday that Co-Chief Operating Officer and Chief Financial Officer Steven Berns will depart from his roles at Shutterstock to pursue other opportunities, effective immediately to pursue other opportunities. Mr. Berns' departure is not due to a dispute or any matter relating to the Company's accounting and financial policies and operations.

Logos And Trademarks

By Jim Pickerell | 894 Words | Posted 6/24/2019 | Comments
Robert Kneschke’s story on Unsplash last week got me thinking about trademarks and logos. Professional photographers tell me that the inspectors for the major stock agencies – Getty, Shutterstock, AdobeStock and iStock – are increasingly rejecting photos with any identifying brand marks for fear of legal action by the brands.

Is The Unsplash Business Model For You

By Robert Kneschke | 1825 Words | Posted 6/20/2019 | Comments
A while ago, I tried here to understand the business model of Pixabay, who want to make money from free pictures. A similar company, but with greater international notoriety, is Unsplash. In 2013, as a simple Tumblr blog, this company took the stage where 10 free pictures were shared. There are currently over 1,000,000 free images online, which have received a total of over 1,006,650,155 free downloads. These and many other exciting figures can be found here on the statistics page of Unsplash.

Is Picture Research Dead?

By Robert Harding | 1080 Words | Posted 6/13/2019 | Comments
Robert Harding, CEO of Robert Harding Picture Library, recently sent a message to picture buyers asking the question “Is picture research dead?” Image creators need to carefully consider the implications of this message.

Dreamstime’s Case Against Google Continues

By Jim Pickerell | 539 Words | Posted 6/10/2019 | Comments
In an opinion issued June 5th federal Judge William Alsup of the U.S. District Court for the Northern District of California granted only one part of Google’s motion for partial final judgment on the pleadings regarding the breach of contract and breach of implied covenant claims by Dreamstime.com that relate to a Google Play agreement.

Analysis Of Portfolios At Fotolia And Adobe Stock

By Robert Kneschke | 1288 Words | Posted 6/10/2019 | Comments
A few months ago, I evaluated which countries most Shutterstock providers come from. Today, there should be some similar analysis of Adobe Stock's data, or Fotolia, because although the portfolios on both websites are identical, Adobe Stock will unfortunately see less information about it.

Which Countries Do Shutterstock's Pictures Come From?

By Robert Kneschke | 827 Words | Posted 6/10/2019 | Comments
A few weeks ago, the publicly traded image agency Shutterstock had released its second-quarter 2018 business figures. Among those figures, there was also the remarkable 204.2 million images Shutterstock currently offers. 41% of these were added in the last year alone. On my Facebook page there was a lively discussion afterwards, regarding exactly where  these many millions of pictures come from.

PicRights Adds Partner In South Africa

By Jim Pickerell | 305 Words | Posted 6/4/2019 | Comments
PicRights, a global leader in copyright enforcement, has added a new partner in Johannesburg, South Africa to monetize copyright infringements for the world’s leading news agencies, stock image agencies and independent photographers. No other copyright compliance service offers its clients as much geographical coverage of key markets around the world.

Shutterstock Rebranding Rex Features

By Jim Pickerell | 204 Words | Posted 6/4/2019 | Comments
Shutterstock is officially rebranding Rex Features as Shutterstock Editorial today. The company says: “Since 2015, we have been working toward the goal of expanding our editorial collection and service to customers around the world. Over the past four years, our talented Editorial team has built a robust offering, becoming a premier source of editorial images for the world’s media.

Microstock – The Dark Side Of Image Licensing

By Martin Lisius | 744 Words | Posted 6/3/2019 | Comments
There are often two sides to an industry. The side the customer sees, and the "inside" that industry people see. This article is about the inside of the stock image industry and how Microstock has changed. It also offers photographers and videographers some ideas how to deal with the issues.

Shutterstock Editor Surpasses 5 Million Users

By Jim Pickerell | 506 Words | Posted 6/3/2019 | Comments
Shutterstock, has announced that its free design application, Shutterstock Editor, has surpassed more than 5 million users. The tool helps users, including creatives, designers, and marketers, to speed up their design workflow with easy-to-use, powerful editing functionality and customizable templates.

Getty Images And APO Group Announce Strategic Partnership

By Jim Pickerell | 634 Words | Posted 6/3/2019 | Comments
Getty Images, and APO Group, a leading media relations consultancy and press release distribution service, have announced a wide-reaching collaboration to promote integrated text, photo and video solutions to organizations operating across Africa and the Middle East.

Rights Managed Future At Getty

By Jim Pickerell | 565 Words | Posted 5/30/2019 | Comments
A stock agent asked if I had heard a rumor that Getty isn’t selling RM images anymore. The rumors are almost true. I did a story back in March entitled the "End of RM" where I reported that Getty Images personnel were telling some stock agency suppliers that in 3 to 5 years there will be no more RM licensing.

‘Topic Collection’ To Be Launched On PIXTA Website

By Jim Pickerell | 290 Words | Posted 5/30/2019 | Comments
Topic Images in Korea has announced to its suppliers that will be launching its ‘Topic Collection’ on the PIXTA website in an effort to deliver better sales and service to their partner agencies and offer a broad range of quality contents to its customers. Topic was acquired by the Japanese agency PIXTA in 2017.

EyeEm No Longer Subsidizing Getty Sales

By Robert Kneschke | 1153 Words | Posted 5/27/2019 | Comments
A few years ago EyeEm decided to guarantee its photographers a minimum compensation for each image licensed through the Getty website regardless of what they received from Getty. Over the years they have steadily lowered that minimum and with the last sales report they have finally dropped the idea of a guaranteed minimum royalty. This article explores what happened.

Is Shutterstock Headed Toward Eliminating Creators?

By Jim Pickerell | 1265 Words | Posted 5/17/2019 | Comments
A reader wrote recently that he believes Shutterstock’s efforts to add huge quantities of image to its collection, as I discussed in recent article, is a “calculated plan” to eventually eliminate the need for photographers. He believes that by “feeding these images into their AI machines they will be able to learn exactly what their customers want.” Then, it is his contention, that Shutterstock will be able to “deliver custom made images (which Shutterstock would create) to clients.” He argues that ”this would just be machine work and there would no longer be a need for image makers or even computer graphic designers.”

Can Shutterstock Grow It’s Enterprise Business?

By Jim Pickerell | 534 Words | Posted 5/15/2019 | Comments
One of the big questions for Shutterstock is whether they can continue to grow the Enterprise segment of their business and how important that is to the eventual success of the company. In 2016 and 2017 they touted the success of Enterprise, but over the last 12 months Enterprise growth has been slowing and sales overall seem to be flattening.

Shutterstock Launches Self-Serve API Subscriptions

By Jim Pickerell | 421 Words | Posted 5/9/2019 | Comments
Shutterstock has announced the launch of its new self-serve API subscription plans. For the first time, developers, startups, and small and mid-sized businesses can build products and features that seamlessly integrate Shutterstock’s image collection and enable in-app image reselling, providing an additional revenue stream for customers when their end-users license and download images.