Agencies/Distributors

Fotolia To Close in 2019

By Jim Pickerell | 307 Words | Posted 11/7/2018 | Comments
Adobe has given photographers notice that on November 5, 2019, almost a year way, the  Fotolia website will close and all customers will need to use Adobe Stock from that time on to find the images they need.

Revenue Per DL vs Revenue Per Image Created

By Jim Pickerell | 981 Words | Posted 11/5/2018 | Comments
In their reports to investors Shutterstock has always emphasized their steadily growing Revenue Per Download as well as their growth in the number of images offered to customers. But there is another figure that is extremely important to image creators. That is the Revenue Per Image In The Collection (RPIIC). That has been steadily declining since Q2 2014.

Alamy Offers 360Cities Image Collection

By Jim Pickerell | 278 Words | Posted 11/5/2018 | Comments
Alamy.com and 360Cities.net have announced that the 360Cities’ collection of thousands of stunning, immersive 360° spherical images will now be available to Alamy customers through Alamy’s online worldwide marketplace. The 360Cities database will launch on Alamy.com on 5 November 2018 with an initial collection of approximately 150K images, to be supplemented with a regular stream of new content.

Storyblocks Most Popular Landmarks

By Jim Pickerell | 386 Words | Posted 11/2/2018 | Comments
Storyblocks has analyzed a total of 60 million searches on its site in 2018 to find the 50 most popular landmarks featured in creative works.

PantherMedia Offers New 10-Images Subscriptions

By Jim Pickerell | 265 Words | Posted 11/1/2018 | Comments
The European stock photography and video agency PantherMedia, based in Munich, has announced  the introduction of a new 10 photo downloads subscription. All PantherMedia’s subscriptions now include access for up to 3 team members.

Shutterstock Q3 2018 Financial Results

By Jim Pickerell | 1329 Words | Posted 10/30/2018 | Comments
Shutterstock has reported Q3 2018 revenue of $151.6 million up $7.5% million compared to Q3 2017. (The comparison excludes the 2017 revenue from Webdam which was divested in Q1 2018.) Gross revenue was and down from $156.6 million in Q2 2018. Revenue per download averaged $3.40 per image, compared to $3.23 in Q3 2017. (Much of this growth is probably due to increased sales of video content offered at much higher prices than still image content.)

Onepixel: New Microstock Agency

By Jim Pickerell | 609 Words | Posted 10/23/2018 | Comments
A few former Fotolia employees have joined forces to launch a new microstock site called Onepixel.com.  While at Fotolia these people were able to learn the type of pictures that customers are most interested in buying and build relationships with many of the photographers who have been most successful in producing such images.

Agence France-Presse Cutting Jobs

By Jim Pickerell | 189 Words | Posted 10/22/2018 | Comments
The CEO of Agence France-Presse Fabrice Fries has announced a "transformation plan" which will cut the number of employees by 5% at the end of 2017 in order to bring net profit of the company into equilibrium by 2021.

Shutterstock Editorial Available On eCommerce Platform

By Jim Pickerell | 345 Words | Posted 10/17/2018 | Comments
Shutterstock, Inc. has announced that Editorial content is now available for license on its eCommerce Platform. Shutterstock Editorial offers images that capture the world around us, including a live feed of curated news, sports, entertainment and royal family images, along with access to a multi-decade archive of iconic images. Previously available only to Enterprise customers with Shutterstock Premier accounts, this collection is now available to all Shutterstock customers through Shutterstock.com/editorial.

20,000 Adobe Stock Contributors To Get CC Photography Plan Free In 2019

By Jim Pickerell | 388 Words | Posted 10/9/2018 | Comments
To incentivize Adobe Stock image and video contributors Adobe intends to provide the Creative Cloud Photography Plan (worth $120/£120), to 20,000 to them for free in 2019. You must already be an Adobe Stock contributor and either have had 300 or more photographs accepted, or made $500/£375 or more from sales.

Offset Testing New Pricing For Enterprise Customers

By Jim Pickerell | 223 Words | Posted 10/9/2018 | Comments
Shutterstock has announced that they will be testing some new pricing and promotions for their Offset.com brand in the next few months. Initially, they will only offer these prices to their Enterprise customers (customers who purchase through their Premier Platform). Their posted rates on the website of $249 and $499 will not change. Sources tell us that their tend to be more at the lower price than the higher.

Can Getty Repair Its Relationships With Creators?

By Jim Pickerell | 1129 Words | Posted 10/4/2018 | Comments
Recently, in a discussion with a stock photo agent the subject came up as to what it would take for Getty Images to repair its relationships with the Creator Community. I raised the issue late last year in “Why Creators Are Dissatisfied With Getty.”

Getty Video Producers: Get Ready For Some Low Royalties

By Jim Pickerell | 479 Words | Posted 9/26/2018 | Comments
Getty Images has just done a deal with www.animoto.com to provide unlimited video clips to Animoto video producers. Animoto says, “Now when you create marketing videos in Animoto, you'll have unlimited access to our stunning collection of stock photos and video clips at no extra cost beyond your subscription.”

Knowing What To Shoot

By Jim Pickerell | 1466 Words | Posted 9/25/2018 | Comments
Stock agencies do a very poor job of advising photographers what to shoot. Most successful businesses try to keep the people producing their products well informed about what is selling and what isn’t. They don’t want their workers wasting time (and costing them money) producing products no one wants to buy.

Mega Agency Launches Service To Fight Copyright Infringement

By Jim Pickerell | 395 Words | Posted 9/24/2018 | Comments
The Mega Agency has launched an innovative new service to fight widespread copyright infringement – Mega Image Police (MIP). The company, a leading provider of news, sports and entertainment content, has beta launched an initiative to quickly identify stolen content and actively pursue damages on behalf of its growing global contributor base.

Conceptual Realism: Is That What Customers Are Buying?

By Jim Pickerell | 614 Words | Posted 9/20/2018 | Comments
Getty Images has just sent out a promotion – probably mostly to photographers – to show Conceptual Realism. The implication is that customers want more of this type of imagery and photographers should be shooting more of it and supplying it to the agency. Is Such Imagery Really What Customers Want? I can’t believe that most of what is being shown in this gallery are images that customers are actually licensing for use.

Getty Debt

By Jim Pickerell | 1330 Words | Posted 9/18/2018 | Comments
Many in the industry are concerned about the level of Getty Images debt and what that might mean for the future of the company. The following is some general information about the financial status of the company. It is not clear how the debt might affect the future. Getty Images has about $2.367 billion in debt. About $1.8 billion of that is in Term Loans at 4.37%. Back in 2012 they had about $2 billion in Term Loans so in the past six years it appears they have paid down about $200 million of the principal in addition to the annual interest. The terms of these loans is unclear and may vary.

Getty To Supply Amazon Echo Users With Photos

By Jim Pickerell | 520 Words | Posted 9/17/2018 | Comments
Getty Images, has agreed to make Getty’s award-winning collection of sports, news, entertainment, archival and creative images available to enhance the voice responses from Alexa on all Echo devices with a screen. Exactly how image creators will be compensated for this use of their images has not been explained.

Image Quest Marine Appoints New Library Team

By Jim Pickerell | 194 Words | Posted 9/13/2018 | Comments
Specialist marine photo library, Image Quest Marine, is re-launching with the appointment of a new library team. Eleanor Novick is joining the archive as Library Manager, bringing 10 years of industry experience, including over six years working as Senior Picture Researcher at Lebrecht Photo Library.

Vimeo Launches Stock Footage Marketplace

By Jim Pickerell | 647 Words | Posted 9/5/2018 | Comments
Vimeo has announced the launch of Vimeo Stock, a new global, royalty-free stock marketplace featuring an exclusive collection of high-quality video footage sourced directly from Vimeo’s community of iconic creators. Vimeo Stock unlocks content from Vimeo’s world-renowned community of storytellers, redefining what stock footage can and should look like. Vimeo Stock contributors keep 60-70 percent of revenue generated from their licensed clips (versus the average industry cut of ~35 percent), while subscribers to Vimeo’s paid membership plans always save 20 percent on all stock purchases.

Getty Images Press Release

By Jim Pickerell | 797 Words | Posted 9/5/2018 | Comments
The Getty family has taken full control of Getty Images Inc. from The Carlyle Group ("Carlyle"). Through the transaction, the Getty family will acquire all of Carlyle's equity interests in Getty Images for cash plus units that provide Carlyle with an ongoing financial interest in the future growth of the Company. The transaction is subject to customary closing conditions and is expected to close by the end of the third quarter of 2018.

Carlyle Out: Getty Images Back In Getty Family Hands

By Jim Pickerell | 168 Words | Posted 9/4/2018 | Comments
The Getty family is acquiring all of the Carlyle Groups 51% equity stake in Getty Images for about $250 million and rolling over about $2.35 billion of outstanding debt. The deal gives Getty Images an enterprise value of under $3 billion compared to $3.3 billion in 2012 when Carlyle acquired a majority stake in Getty. At that time Carlyle invested about $500 million in the company. It is believed that the Getty family has ended up owning a significant portion of the debt.

Most Photographed Cities

By Jim Pickerell | 883 Words | Posted 9/4/2018 | Comments
I saw a story recently that said Dreamstime had identified Kiev as the 15th most photographed city in the world. That surprised me. as I had expected a lot of other cities to be much higher in terms of tourist destinations than Kiev. I couldn’t find the original Dreamstime story in order to see who they had as number 1, but I found a lot of other lists of top cities and top travel destinations. They were all differed depending on who put together the list. I found one list of “25 Most Photographed Cities in Europe” and Kiev wasn’t on it. I decided to search Shutterstock’s collection of 216,094,727 images to see which were the top cities with the most photos.

Imaginechina Wins Infringement Case Against Baidu Inc.

By Jim Pickerell | 430 Words | Posted 8/29/2018 | Comments
Imaginechina, has recently won 38 copyright infringement lawsuits against Nasdaq-listed Baidu Inc., the largest search engine and one of the biggest Internet companies in China. The Haidian People’s Court in Beijing adjudicates in the first-instance verdicts that Baidu and its affiliates have pirated a total of 150 images from 20 contracted photographers and that Baidu ought to compensate the plaintiffs RMB 415,000 yuan ($60,940) for the violations and the related costs.

Blend Images Being Absorbed By Tetra

By Jim Pickerell | 1368 Words | Posted 8/29/2018 | Comments
Blend Images photographers have been notified that Tetra Images has acquired the Contributor Contracts, Distribution agreements and the Blend trademark. Tetra has securely obtained all banking data from Blend and will be mailing the first pdf royalty statements for August sales by email at the end of September. Payment for August sales will be made October 1, 2018. Blend has invoiced all licenses through July 2018 and will be paying out royalties until October, or presumably until all the licenses have been collected.