Microstock

Where Are Shutterstocks Most Productive Contributors Located?

By Jim Pickerell | 733 Words | Posted 5/24/2017 | Comments
Shutterstock, Inc. has released its 2017 Contributor Earnings report, which features it’s milestone of having paid out over $500 million in the 13 years since 2004 to the Company's global community of over 225,000 photographers, illustrators, digital artists, and videographers.

Earning Revenue From Non-Selling Images

By Jim Pickerell | 672 Words | Posted 5/18/2017 | Comments
Many of the non-sellers are very good images and would sell if customers only had a chance to see them. Back in January in as story entitled “How Can Shutterstock Grow Revenue?” I outlined an idea for a two-tier pricing system that could not only work for Shutterstock, but many other distributors with large collections, and grow their revenue, even if there is no increase in the number of images downloaded.

Photographee.eu: Stock Photo Production Company

By Jim Pickerell | 1452 Words | Posted 5/17/2017 | Comments
I wrote about the huge percentage of images being produced by a relatively small number of large production companies. Let me examine in some detail how one of these companies operates. Photographee.eu is a microstock production company in Lodz, Poland. It is owned and operated by Kasia and Lech Bialasiewicz. Lodz is Poland’s 3rd largest city located right in the middle of the country. According to the microstock.top list of Shutterstock suppliers photographee.eu is its 157th largest collection (out of over 190,000) with over 76,000 images at Shutterstock. These same images are marketed through multiple distributors.

Locating Major Stock Image Producers

By Jim Pickerell | 729 Words | Posted 5/15/2017 | Comments
Where are the major producers of stock images located? One might expect then to live in New York, London, Los Angeles and Berlin near where the major customers. We also must not forget San Francisco, Seattle and Calgary. Think again.

EyeEm Expands Into Video

By Jim Pickerell | 441 Words | Posted 5/10/2017 | Comments
On May 9, EyeEm announced the launch of EyeEm Videography Early Creator program a stock video platform that will use the same artificial intelligence that powers the still-image option to automatically keyword and organize videos. Current EyeEm users can upload clips between 5 and 40 seconds long as the platform prepares to completely integrate video into the EyeEm platform later this year. The company has already tested the system by invitation-only, with selected users submitting video in the aerial, urban, travel, food, and nature categories.

Shutterstock Q1 2017 Financial Results

By Jim Pickerell | 1234 Words | Posted 5/3/2017 | Comments
Shutterstock has reported Q1 2017 revenue of $130.2 million. This revenue was up 12% from Q1 2016, but exactly the same as revenue in Q4 2016. Revenue per download increased 7% from $2.77 in Q1 2016 to about $2.96. Revenue per download in Q4 2016 was $3.02. At the end of the quarter there were 132 million images in the collection and 6.9 million video clips. This was up from 116.2 million images at the end of 2016.

Videoblocks Gives Still Photo Producers 100% Royalties

By Jim Pickerell | 890 Words | Posted 4/27/2017 | Comments
VideoBlocks is now accepting images for its new artist-friendly stock Photo Marketplace that will reward photo contributors with 100 percent commission from their sales. That 100% is $3.99 per still image download less third-party fees (like credit card charges) incurred when processing the transactions. Seeing this price many photographers may reject the offer out of hand. But, this is a very different business model from traditional stock agency businesses. Instead of paying a percentage royalty, contributors receive the full amount that the customer pays to use their work.

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.

Pricing Stock Photos

By Jim Pickerell | 1090 Words | Posted 3/21/2017 | Comments
A professional stock photographer has pointed out to me that a long held tactic to price a premium brand of anything is that a higher price indicates higher quality. He argued this is why some photographers insist on selling their images as Rights Managed. They believe they are producing a higher quality product. They often go to a great deal of effort and expense to produce their images. As a result, they feel they are not only justified in charging more, but that it is the only way they can recover their production costs.

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.

Stock Photo Production: Eastern Europe, Asia Dominate

By Jim Pickerell | 1030 Words | Posted 3/13/2017 | Comments
Thanks to information supplied by microstock.top concerning Shutterstock contributors and information from Nationmaster.com regarding the average 2014 monthly salary from 162 countries, it is possible to get a better understanding of why more than 60% of the images in the Shutterstock collection are provided by Eastern European and Asian creators.

What Are “Real Photos?”

By Jim Pickerell | 1551 Words | Posted 2/28/2017 | Comments
Recently, I was contacted by a Business School student who is developing an app that “will be used by internet publication firms, as well amateur and professional photographers.” He asked if I would provide some insight into the industry, specifically on topics such as photographer compensation, and the market share of "real photo’s" vs. stock photos. Here’s my response.

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 | 1096 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.