Agencies/Distributors

Alamy Contract Changes

By Jim Pickerell | 113 Words | Posted 4/26/2017 | Comments
As of April 26, 2017 Alamy has made contract changes that will be of interest to contributors. Most notably they will now pay contributors monthly whenever the Cleared Funds in the contributor’s account exceeds US $50. Previously, contributors were not paid until their Cleared Funds exceeded $US $75.

Is There A Better Subscription Strategy?

By Jim Pickerell | 946 Words | Posted 4/19/2017 | Comments
Getty Images has been focusing on growing its subscription business. The theory is that subscriptions will make customers more dependent on the company for their future needs.  Currently, subscriptions represent 37% to 38% of Getty’s Creative Revenue and about 50% of Editorial Revenue.

Adobe Announces Partnership With Pond5

By Jim Pickerell | 478 Words | Posted 4/19/2017 | Comments
Adobe Stock has announced a partnership with Pond5, further expanding the video offerings in Adobe Stock. Sourced from an international community of artists across a mix of modern, highly sought after content themes, such as lifestyle, recreation, sports, cinematic and aerial footage, the addition of the Pond5 video library will give video producers and designers access to one of the industry’s largest and fastest-growing collections – all natively integrated into Creative Cloud applications.

Getty Turns The Corner

By Jim Pickerell | 590 Words | Posted 4/17/2017 | Comments
From and investors point of view, Getty may have turned the corner. However, this may not benefit image creators, particularly those from North America and the Western Europe. It is my understanding that gross revenue in 2016 was about $840 million, up about 4% from around $808 million in 2015. Until 2016, Getty’s revenue declined steadily for about three years as they struggled to get their prices in line with their major competitor, Shutterstock.

North American And Western Europe Production Declining

By Jim Pickerell | 1031 Words | Posted 4/14/2017 | Comments
Who is producing the majority of stock images that get used? Based on Shutterstock’s 2014 and 2015 financial reports about 37% of the company’s gross revenue came from North America, 35% from Europe and 28% from the rest of the world. Given these numbers it seems reasonable to assume that since North America and Western Europe seem to be where most stock images are used that is probably where most are produced. Back in the 90s and early 00s that may have been the case, but no longer.

Photo Conferences

By Jim Pickerell | 2805 Words | Posted 4/13/2017 | Comments
Each year there are three important events where representatives of stock photo agencies get together to share information – CEPIC, DMLA and Visual Connections. These events are also good places for photographers to meet stock agents and get a better understanding of industry trends.

15% Royalties At Getty

By Jim Pickerell | 759 Words | Posted 4/12/2017 | Comments
Get ready for 15% royalties. Getty has contacted some European agencies that supply the company with Royalty Free images for its Creative collection and told them that when their current contracts expire they will be terminated unless they agree to accept a 15% royalty.

Masterfile Restructures Its Business

By Jim Pickerell | 890 Words | Posted 4/7/2017 | Comments
Masterfile has filed a formal Proposal to Creditors under the Bankruptcy and Insolvency Act of Canada ("BIA"). This is not a bankruptcy. The Proposal process will provide Masterfile the opportunity to restructure its business with the objective of returning to profitability. This process is similar to a Chapter 11 filing in the USA.

Shutterstock To Showcase The Glamour Of The Met Gala

By Jim Pickerell | 300 Words | Posted 4/6/2017 | Comments
Shutterstock, Inc. announced today that it will again offer comprehensive coverage at The Metropolitan Museum of Art’s Costume Institute Benefit, more commonly known as The Met Gala. This premier annual event of the fashion industry will be held on Monday, May 1st at The Metropolitan Museum of Art in New York City. Among the attendees will be prominent and prestigious names in entertainment, fashion, sports, and business.

Global Still Image Market Growth Trends: According To Technavio

By Jim Pickerell | 904 Words | Posted 4/3/2017 | Comments
Technavio, a leading global market research company headquartered in London, has released its annual report on the Global Still Image Market, looking ahead five years to 2021. They say: “Technavio analysts forecast the global still images market to grow to USD 4.46 billion by 2021, at a CAGR of close to 8% over the forecast period."

123RF Looking To Go Public

By Jim Pickerell | 1018 Words | Posted 4/3/2017 | Comments
Andy Sitt, the Malaysian founder of 123RF, is seeking to raise the profile of his Chicago-headquartered stock image and design business among funds and investors in hopes of launching an initial public offering (IPO) within the next 12 to 18 months. "We're at that stage where we have to think of the next stage of the company and I believe that the next stage would be some form of exit. So (profiling the company) is more towards building it for a potential IPO," Sitt told DEALSTREETASIA.

Topic Images Acquired By PIXTA

By Jim Pickerell | 342 Words | Posted 3/30/2017 | Comments
PIXTA Inc. in Japan has acquired 80% of the outstanding stock of Topic Images Inc. of Korea from its parent companies, NEWSIS Co., Ltd. and NEWS1 Co., Ltd. for 130 million JPY ($1,164,780). The transaction took place on Feb 24, 2017. Topic has been selling high-priced stock images mainly in Korea, producing many of them by itself.  Topic is now a subsidiary of PIXTA and will receive PIXTA’s strong support for its business operation. However, Topic is continuously conducting its own business as an existing company.

Similar Content

By Jim Pickerell | 448 Words | Posted 3/24/2017 | Comments
Shutterstock may have decided the loading up of their collection with “Similar Content” may have gotten out of hand and may not be benefiting customers. They have recently changed their editing strategy and issued a notice to contributors saying, “Submitting subtle variations of the same image can be considered content spamming and is not permitted. We continuously evaluate our collection and remove images that do not meet our policies.”

RightSmith: Exclusive, Global Provider Of Amazing Race Footage

By Jim Pickerell | 472 Words | Posted 3/21/2017 | Comments
RightSmith Group, specialists in the licensing and management of high-value media archives, has partnered with Profiles Television, creator of The Amazing Race, to commercialize its enormous archive of stunning stock footage from the world-renowned TV series. Hundreds of hours of pristine footage covering more than 85 countries is now exclusively available for licensing by creative professionals via the RightSmith content licensing portal.

Dreamstime Integrates AI and Machine Learning

By Jim Pickerell | 590 Words | Posted 3/16/2017 | Comments
Dreamstime, has announced the implementation of a proprietary artificial intelligence (AI) system that uses sophisticated algorithms to screen submitted images. The machine learning tool is designed to examine how human editors at Dreamstime review images, and then adjust its parameters to best match the editors' various criteria

Shutterstock Signs Exclusive Deal With World Surf League

By Jim Pickerell | 273 Words | Posted 3/16/2017 | Comments
Shutterstock, Inc. has announced that it has signed an exclusive global distribution deal with World Surf League (WSL) to market and license imagery from WSL’s Championship Tour and Big Wave Tour Events. The deal also includes WSL’s extensive archive, showcasing thousands of pivotal moments from competitive surfing history.

Shutterstock Provides Curated Collection For Amazon’s Customized Prints

By Jim Pickerell | 169 Words | Posted 3/9/2017 | Comments
Shutterstock has announced the availability of a curated collection of images within Amazon's newly launched Posters & Prints program. A dedicated Shutterstock storefront on Amazon will give customers access to thousands of images that they can select to have printed and delivered - all without leaving Amazon.

MEGA Introduces "Cash Out' System For Contributors

By Jim Pickerell | 427 Words | Posted 3/9/2017 | Comments
The Mega Agency, a provider of news, sports and entertainment content, has announced the launch of a revolutionary payment system that allows content providers to ‘cash-out’ on their media sales the moment content has been licensed to select customers.

Dissolve Supplying Free Footage For Pro Bono Projects

By Jim Pickerell | 264 Words | Posted 3/7/2017 | Comments
Dissolve has provided its contributors with information about a special marketing campaign - Dissolve for a Cause - it has launched. Under this program, agencies and studios working on pro bono projects may apply to receive up to $2,500 in royalty-free footage or photography.

Basic Math At Getty

By Jim Pickerell | 2685 Words | Posted 3/2/2017 | Comments
Getty’s ESP system for supplying information about their sales to iStock contributors certainly offers much more information than was previously available. Unfortunately, this information may point to an overpayments problem. It all revolves around cancelled sales.

Shutterstock Editorial Clarification

By Jim Pickerell | 136 Words | Posted 3/2/2017 | Comments
In the article “Understanding Editorial At Shutterstock” I reported on a London photographer had to find uses of his images and report the uses to Shutterstock in order to be paid. Shutterstock provided a clarification pointing out that they use the same procedures as other editorial agencies to track usages of their images.

Shutterstock Royalty Rates: Is There A Disconnect?

By Jim Pickerell | 484 Words | Posted 2/28/2017 | Comments
It is worth looking at recent Shutterstock statistics. In the conference call yesterday Shutterstock said they had over 190,000 contributors at the end of 2016. In 2016 Shutterstock paid out about $138.400,000 to contributors. If we divide the total number of images in the collection (116,200,000) into contributor royalties on average contributors received $1.19 per-image in the collection for the full year.

Microstock.top - Shutterstock Data

By Jim Pickerell | 423 Words | Posted 2/28/2017 | Comments
Back in February 2016 microstock.top began using archive.org/web/ to search thousands of creator portfolio pages at www.shutterstock.com and record the data. This is not hacking, fishing, use of an API or insider information. These pages are accessible to everyone.

Shutterstock 2016 Financial Results

By Jim Pickerell | 1556 Words | Posted 2/27/2017 | Comments
Shutterstock has reported Q4 2016 revenue of $130.2 million and a total of $494.3 million in revenue for all of 2016. The full year revenue was up about 16% from $425.1 million in 2015. There were a total of 167.9 million downloads for the year up from 147.2 million in 2015. While revenue grew 16% the collection size grew 63% to 116.2 million up from 71.4 million at the end of 2015.

Understanding Editorial At Shutterstock

By Jim Pickerell | 304 Words | Posted 2/24/2017 | Comments
An editorial photographer in London pointed out to me today that he has to notify Shutterstock when his pictures are used in order to get paid. Evidently Shutterstock doesn’t know that it is standard practice of many publications in the UK not to notify the agency when they use an image. Instead, they wait for the agency or the photographer to call them or send them an invoice.