Microstock

Can Prices Be Increased?

By Jim Pickerell | 1178 Words | Posted 2/21/2017 | Comments
A top 2017 priority for the major image distributors should be to reverse existing pricing trends and find a way to begin to increase usage fees to some extent. Usage fees have been steadily declining for a number of years. The industry must find a way to turn the corner.

Switching From RM To RF

By Jim Pickerell | 589 Words | Posted 2/14/2017 | Comments
More and more frequently RM photographers are receiving notes from their agencies, or the production companies representing their work, suggesting that they move some of their older images to RF. This make sense for images that might have been good seller at one time, but haven’t made any sales in the last year or so.

Shutterstock: Running The Numbers

By Jim Pickerell | 1091 Words | Posted 2/7/2017 | Comments
Based on the number of downloads Shutterstock had in the first three quarters it looks like they will report about 167,000,000 total downloads for 2016 when they report their full year numbers on February 27, 2017. Last year they reported 147,200,000 downloads for 2015.

500px On Adobe Stock

By Jim Pickerell | 302 Words | Posted 2/7/2017 | Comments
500px has also announced a collaboration with Adobe to introduce a select set of 500px images to Adobe Stock users within the Adobe Stock Premium Collection.

Getty RF vs iStock Signature

By Jim Pickerell | 633 Words | Posted 2/6/2017 | Comments
Some Getty Images RF contributors have begun to share sales data with iStock Signature contributors and are coming to the conclusion that they can earn more money from images in the iStock Signature collection than from images on Gettyimages.com.

Supply And Demand

By Jim Pickerell | 1178 Words | Posted 2/2/2017 | Comments
Twenty-five to 30 years ago there was a large demand for stock images relative to supply. Prices to use a stock image -- while reasonable when compared to what it cost to hire a photographer for an assignment -- were much higher than they are today. It was possible for a professional photographer to produce a lot of images that no one wanted to buy, and still earn a decent living from the few that did sell.

Shutterstock Visual Trends

By Jim Pickerell | 204 Words | Posted 1/30/2017 | Comments
Shutterstock has released its annual Creative Trends report, which is developed from analyzing the information from millions of searches and downloads.

How Can Shutterstock Grow Revenue?

By Jim Pickerell | 1093 Words | Posted 1/27/2017 | Comments
Recently, I was asked my opinion of what Shutterstock could do to grow revenue? The questioner had come to the conclusion that there will be very little growth in coming years in the number of stock photo customer or the quantity of still images or illustration that each will use. He also feels that iStock, AdobeStock and even Getty Images have priced their products very competitively with Shutterstock making it difficult for Shutterstock to simply raise prices.

iStock Data: 5 Days Left

By Jim Pickerell | 170 Words | Posted 1/26/2017 | Comments
iStock contributors who want to retain their detailed historical royalty data up to and including December 31st 2016 have 5 days left before that data disappears from the iStock site. After January 31, 2017 Account Management will only offer 23 months of summary historical royalty data. It’s critical that contributors download all the data they require from the iStock site as soon as possible.

Shutterstock Announces UK Distribution Deal With AP

By Jim Pickerell | 259 Words | Posted 1/10/2017 | Comments
Shutterstock, Inc. has announced that it has expanded its milestone multi-year deal with The Associated Press (AP). Beginning this week, Shutterstock will distribute AP’s daily global photo output for license to customers based in the United Kingdom. Shutterstock’s enterprise customers in the United Kingdom will have access to over 30 million photos from AP Images.

iStock Single Image Download Decline Continues

By Jim Pickerell | 1042 Words | Posted 1/2/2017 | Comments
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.

Enterprise Mystery

By Jim Pickerell | 1109 Words | Posted 12/15/2016 | Comments
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?

Tracking iStock Uses

By Jim Pickerell | 646 Words | Posted 12/12/2016 | Comments
It is almost that time of year (early January) when I publish one of my semi-annual reports on iStock sales trends. A reader asked me recently to explain how I get access to the information in these reports. I'll explain the process I go through in this report.

Splash: Roundabout Trip To Shutterstock

By Jim Pickerell | 702 Words | Posted 12/7/2016 | Comments
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.

Getty Unification: Image Ingestion

By Jim Pickerell | 607 Words | Posted 11/23/2016 | Comments
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.

PicturEngine Empowers Agencies, Designers and Photographers with One Search

By Jim Pickerell | 441 Words | Posted 11/14/2016 | Comments
PicturEngine 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.

Free Image Use: Is It Indicative Of What Paying Customers Will Buy?

By Jim Pickerell | 516 Words | Posted 11/10/2016 | Comments
Dreamstime, 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.

iStock Unification: What’s It Mean For Contributors?

By Jim Pickerell | 1584 Words | Posted 11/8/2016 | Comments
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.

iStock Contributors: Average Download Per Image

By Jim Pickerell | 5397 Words | Posted 10/5/2016 | Comments
For the last 5 years I have conducted a semi-annual analysis of the number of downloads and images in the collection of 432 of iStock’s leading contributors. There may be some newer contributors that are now among the top iStock earners, but I don’t think very many. It takes time to build a significant collection and begin to get volumes of sales. These 432 probably represent one-third of all iStock single image downloads since the company began.

Future Imagery Trends According to Shutterstock Research

By Jim Pickerell | 306 Words | Posted 9/14/2016 | Comments
Shutterstock has published a infographic on The Top Trends Shaping The Future Of Imagery. Photographers looking to produce the kind of imagery customers want to buy may want to make note of these trends outlined by Keren Sachs, Director of Content Development at Shutterstock and Offset.

Shutterstock Launches Adobe Photoshop® Plugin

By Jim Pickerell | 294 Words | Posted 9/8/2016 | Comments
Shutterstock, Inc. has announced that its vast collection of 100 million high-quality photos and illustrations is now accessible within Adobe Photoshop® software through its new custom built plugin. With more than 100,000 new images added every day, the Shutterstock plugin boasts the largest collection of photos and illustrations that can be licensed directly within the Creative Cloud desktop application.

Agencies – Buyer and Supplier Relationships

By Jim Pickerell | 1321 Words | Posted 9/2/2016 | Comments
Yesterday, I talked about why the business of licensing rights to stock photos - as currently structured - is Designed To Fail unless some major changes are made. Two of the changes needed are: (1) make finding the right image for a project much easier for the buyer, and (2) improving supplier efficiency.

Picfair Passes 3 Million Image Mark

By Jim Pickerell | 754 Words | Posted 8/15/2016 | Comments
Picfair, a London-based image licensing startup launched two years ago, has announced that it now has more than three million images in its collection. “Our three millionth image was uploaded by a photographer in China, of a family playing ping pong in a Beijing park,” says Picfair founder Benji Lanyado.

Alamy On Latest Visual Trends

By Jim Pickerell | 497 Words | Posted 8/15/2016 | Comments
Alamy reports that a current visual trend seems to take advantage of “instagram – like” filtering that pulls up the black point of the image and reduces the contrast.  

Decision Time For RM Photographers

By Jim Pickerell | 1438 Words | Posted 8/8/2016 | Comments
RM photographer working with the major stock production companies may have some very difficult decisions to make in the near future. With the rise of Offset, Stocksy, AdobeStock Premium and iStock Signature it seems that RM photographers that are not also owners or shareholders of production companies, like Blend Images, Image Source and Tetra Images, may find that they can earn more by moving their collections to RF.