The major agencies talk about how important their DATA is and how it has changed the industry. They argue that the company with the most and best data will be the winner. But I don’t think they are really looking at much of the data they have collected – or looking at it in the right way.
iStock single image downloads appear to have continued to decline in the last half of 2016. Unfortunately, five of the 430 contributors that we tracked in the past have now disappeared. In the last report these contributors represented 544,000 total career downloads. It is unclear whether they have withdrawn their collections, or repurposed them under another brand that I am no longer able to track.
The Getty Creative collection has grown by 4% in 4 months and now stands at 17,376,859 images. At that rate the collection size will be about 19,462,082 images by the end of 2017. In August 38% of the collection was RM images. Today 36.8% of the images are RM. At this rate of decline less than one-third of the images will be RM by the end of 2017. A huge percentage of these RM images are supplied by image partner agencies
that only, or predominately, represent RM images
iStock photographers may want to use downtime over the Christmas and New Year holidays to prepare and upload images that are in the photographer’s queue for their eventual upload to iStock. The Unification of the upload system for both the Getty Images and iStock sites is now scheduled to go into effect on February 1, 2017. There are plans to change the keyword vocabulary for both sites over to the Getty vocabulary, which might mean that after that time the keywords the photographer submits may no longer be included in the list of words attached to the image.
Shutterstock supplies very little information about their Enterprise customers and how Enterprise sales work. Yet it is an extremely important segment of their business and critical to understanding the company’s potential for future growth. At the end of Q3 2016 Shutterstock had 35,000 Enterprise customers up from 24,000 at the beginning of the year, or about a 46% increase in 9 months. How much of that 46% is real growth?
Visual China Group
the company that acquired Corbis
in January 2016 has seen a more than 50% decline in value as an investment since the purchase and a 20% decline in the last month. VCG is a publicly traded company on the Shenzhen Stock Exchange.
A week after announcing that it had acquired 86.6 percent of Framepool
, Broadside Enterprises, Inc. (also known as Emaji) has announced that Frampool AG has entered into an agreement with ImagineChina
, one of the largest photo and video agencies in China, Hong Kong and Taiwan.
Last July, photographer Carol Highsmith filed a copyright infringement lawsuit
against Getty Images for $1 billion after discovering that Getty and its subsidiaries had been charging customers fees to license her images of Americana.
According to a document filed with Companies House in the U.K. (see here
) it appears that Rex Features Limited (owned by Shutterstock) lent Silverhub Media
the money necessary to purchase Splash
. In return Rex Features has received very extensive control over the activities of Silverhub with regard to certain unspecified assets.
I was asked recently if I am optimistic that Shutterstock will maintain its momentum in 2017? The short answer is YES, I believe Shuttrstock’s 2017 growth will continue on the same track as it has in the last two years. In 2014 revenue growth was 39%
. In 2015 it was 30%
and in 2016 it is expected to be around 18%
. I expect the company will continue to maintain its DOWNWARD
Pond5 has announced the launch of its new Extended Licenses
offering some of the highest levels of coverage, protection, and flexibility in the industry.
Celebrity photo agency Splash News was sold to Corbis in 2011 and has now been acquired by SilverHub Media
. SilverHub Media recently did an exclusive deal with Shutterstock
for worldwide representation of the images in its collection. Thus, the Splash images should now be available through Shutterstock.
, the stock, archival and news footage search engine, has announce that preview clips from the Sherman Grinberg Film Library are available for viewing through Footage.net.
Emaji, Inc. a publicly traded development stage company based in Irvine, CA has announced the acquisition of 86.6 percent of the outstanding shares of Framepool AG (www.framepool.com
), a leading distributor of stock footage with headquarters in Munich, Germany.
is proud and excited to have won the tender for the exclusive representation of the British Library content in the UK. Bridgeman Images has worked for the British Library for many years across all our offices. We are delighted to have been appointed for all commercial and editorial licensing with the exception of branded products and scholarly uses which will remain with the British Library.
Let’s see if we can sell a few images for less. Check out the offers from Deposit Photos, 500px, ImageSource and Dreamstime.
A month after the Getty’s initial announcement of its Unification Project
Getty has announced that “Due to the complexity of the work required (in the iStock Royalties and Unification Project) we are pushing back most of the changes by about a month.”
In an effort to make it easier for art directors to find the right image quickly Haystack
has launched a site that lets users search multiple agency sites simultaneously. Andrew Rowat and technology developer Vache Asatryan created Haystack and call their site the kayak.com
for licensing images. They have 19 collections on the site already and say they will be adding a number of additional agency sites in the near future.
Once Getty’s Unification Project
is fully implemented one of the issues Getty and iStock photographers will need to consider is where to upload new images in order to minimize effort and maximize sales and revenue.
has gone public with a promotion to the 95% of design professionals that use stock photography. For the first time, buyers looking for a comprehensive all-in-one search tool can review and license photography from all industry sources – and get no duplicates.
, the stock footage and photography provider, today announced the launch of three new premium stock footage collections, Dissolve Filmmaker™, Dissolve Auteur™, and Dissolve Elements™. The clips are available now for licensing and use in movie, TV, and commercial projects.
, with over 50 million stock images, and more than 16 million users has added 10,000 new images to its now 20,000 image library of free images available at www.dreamstime.com/free-photos
.?? Dreamstime also uses artificial intelligence-driven data from its companion site Stockfreeimages.com to dynamically adjust recommended image content based on user preferences
, the UK’s leading supplier of independent broadcast news has agreed a multi-year partnership with Getty Images
, to license and distribute its award-winning news archive around the world from mid-2017. The distribution agreement will see over one million clips spanning more than 60 years of iconic news footage reach an even larger audience through Getty Images’ industry-leading global platform and expert international sales team servicing millions of buyers in nearly 200 countries.
The Getty Unification Project
that creates common platforms where both iStock and Getty Images contributors can upload their images and bring them into the Getty marketing system opens the door for a lot of potential new changes. If, or when, any of the following issues will come to fruition is unclear. But, Getty or iStock contributors and anyone considering offering images to either of these companies should consider the implications of these possible changes.
With Getty’s announcement in late October of the Unification Timeline
that is due to take effect January 3, 2017 most iStock contributors have focused on the fact that the minimum guaranteed royalty for a subscription download would be $0.02.