Microstock

Russia Blocks Shutterstock Over 'Objectionable' Content

By Jim Pickerell | 193 Words | Posted 12/3/2019 | Comments
According to Reuters, the website of communications watchdog Roskomnadzor has said that one of Shutterstock’s domains was blocked in Russia on November 13th by the country's Attorney General because the site contained "insulting state symbols."

Premium Access At Getty

By Jim Pickerell | 1351 Words | Posted 11/20/2019 | Comments
For over a decade image creators have been discouraged by Premium Access pricing. I believe PA was first instituted around  2006 as a way for Getty to get a guaranteed monthly payment from some of its largest Enterprise clients rather than the company be being subject to the erratic monthly image needs of some of these customers where they might purchase a huge number of images one month and little or nothing the next.

Which Countries Produce The Most Stock Images?

By Jim Pickerell | 955 Words | Posted 11/16/2019 | Comments
A lot of the images being uploaded to major websites these days have little relevance to what the market needs. I decided to do searches on Shutterstock for country names to try to get some idea of the number of images from each location relative to what the likely demand is for such images.

Growing Revenue At Shutterstock?

By Jim Pickerell | 1184 Words | Posted 11/15/2019 | Comments
I was asked recently what I thought Shutterstock could do to grow revenue. My answer was not much. I don’t think it will be possible to grow the downloads very much. Shutterstock has focused for several years on growing the number of Enterprise customers. But, I don't think that is likely to work either. The one thing they could do is raise prices on at least some of the images they license. See my thoughts on why this is a good idea that they are not likely to adopt.

Death Of Rights Managed Licensing

By Jim Pickerell | 1700 Words | Posted 11/6/2019 | Comments
Getty is shutting down all Rights Managed licensing on www.gettyimages.com. This may effectively be an end to the entire marketing strategy of pricing stock images based on how they are used. While there are still a number of small and mid-sized agencies that continue to price images based on usage, it seems highly unlikely that they will be able to continue to build their image collections or attract many customers in the future. Every stock photographer and stock agent should read this explanation of Getty’s plans for “phased retirement of rights-managed creative images.”

Shutterstock Q3 2019 Financial Results

By Jim Pickerell | 1921 Words | Posted 11/5/2019 | Comments
Shutterstock has reported Q3 2019 revenue of $159.1 million up 5% compared to Q3 2018 and down slightly from $161.7 million the previous quarter. Revenue per download averaged $3.40 per image, which was the same in Q3 2018. Total image and video downloads for Q3 were 46.3 million, up from 43.9 million a year earlier, and down from 46.6 million in Q2 2019. At the end of the quarter Shutterstock had over 297 million images and 16 million video clips, or 313 million pieces of content in its collection.

Not Your Typical Stock From Depositphotos

By Jim Pickerell | 312 Words | Posted 11/1/2019 | Comments
Depositphotos has launched a new series of photo collections to battle stock photo cliches. The company’s content curators repurpose stock photos and compile collections on a weekly basis to highlight photos that are not typical stock photography.

Shutterstock Releases Background Removal Tool

By Jim Pickerell | 232 Words | Posted 10/9/2019 | Comments
Shutterstock has released a background removal tool as part Shutterstock Editor users can now easily remove the background from any image in the Shutterstock collection or their own images. (Shutterstock images must be purchased before they can be modified.)

Shutterstock Launches Reverse Image Search For Video

By Jim Pickerell | 361 Words | Posted 10/3/2019 | Comments
Shutterstock’s ongoing efforts to make the creative life of its customers easier continues with the launch of reverse image search for video. This new feature makes it faster than ever to find exactly the right video clip in Shutterstock’s footage library.

Making Money With RF

By Jim Pickerell | 333 Words | Posted 9/4/2019 | Comments
In response to my story RM Licensing No Longer Makes Sense Peter George Unger commented, “I have 9,200 images with Getty and every single one is RM. I am making on average $15,000 per year from them. Can you honestly tell me I can make more money than that on pathetic RF prices? for which they pay $0.25 cents per download. Which library would pay more then 15K on RF prices?

Storyblocks To Close Marketplace

By Jim Pickerell | 198 Words | Posted 8/13/2019 | Comments
Storyblocks will be closing the Marketplace segment of its business on September 10th and moving back to a subscription only offering. Contributors who have outstanding payouts will receive those payments sometime after September 10th even if the amount owed has not met the minimum payout requirement.

Shutterstock Q2 2019 Financial Results

By Jim Pickerell | 1346 Words | Posted 8/6/2019 | Comments
Shutterstock has reported Q2 2019 revenue of $161.7 million up 3% compared to Q2 2018 and down from $163.3 million the previous quarter. Revenue per download averaged $3.44 per image, compared to $3.41 in Q2 2018.?? Total image and video downloads for Q2 were 46.6 million, up from 45.2 million a year earlier, and down from 47.2 million in Q1 2019.

User Generated Content

By Jim Pickerell | 638 Words | Posted 7/31/2019 | Comments
Forbes Magazine has a story entitled “Move Over Stock Photos, It’s Time For User Generated Content.” There certainly is an increasing demand for User Generated Content (UGC) and the market is being flooded with it, but there are a lot of unanswered questions regarding how much it is likely to take over the stock photo market.

Risks Of Using Free Images

By Jim Pickerell | 552 Words | Posted 7/26/2019 | Comments
Free Images may not always be FREE. There are not only big legal risks for the users, but also potential time demands on users, creators and lawyers. Most users of Free images don’t recognize the risks they may be taking. One of the big questions for professional photographers is how to help those looking for free images to understand these risks.

Freepik Microstock Offering

By Jim Pickerell | 554 Words | Posted 7/26/2019 | Comments
Recently, I received a press release from Freepik.com. The name is a misnomer because not all the pictures on the site are free. They do have about 1,750,000 free vectors, icons and photos, all created or wholly owned by Freepik. In addition, they have over 4,185,000 Premium photos and illustrations supplied by about 8,000 individual creators and distributors of microstock. A little under half of the pieces of content are photos. The rest are illustrations, vectors and icons.

Should Stock Photographers Shoot Verticals?

By Jim Pickerell | 877 Words | Posted 7/15/2019 | Comments
In olden days when stock photographers were trying to produce images that might be used as covers or full page inside magazines it was advised that they turn the camera on its side and shoot verticals of as many situations as possible. But times have changed. Are verticals really selling today? Recently Robert Kneschke reported on his web site that he had reviewed 100 of his best selling images and not a single vertical was among the group.

Are Your Images On Getty Being Seen?

By Jim Pickerell | 603 Words | Posted 7/9/2019 | Comments
It is interesting to note that when we searched the 210 individual collections and recorded the numbers in each the total came to 28,591,367. However, if you go to the site and search for all images you are only shown 26,240,654 images. For those who haven’t tried this you can simply go to gettyimages.com, enter any keywords and hit return. When the return come up with the “Filter” option on the left hand side of the screen remove the keyword, leave the search bar blank and click again. Now, you will be shown all the images for the “License Type” you have requested. Be sure the “License Type” is set on RF or RM. Then you can go to “Collections,” choose the one you want and see all the images in that collection.

iStock Facebook “Private” Group

By Jim Pickerell | 518 Words | Posted 7/4/2019 | Comments
A number of iStock contributors interact on the Facebook “private” group for iStock. In reviewing comments and complaints for the last couple years there seems to be general agreement that sales started to decline in late 2018 and the decline has continued into 2019. This is compared to what sales were in 2017 and early 2018.

Shutterstock Enterprise

By Jim Pickerell | 891 Words | Posted 7/3/2019 | Comments
One of the big questions about Enterprise sales at Shutterstock is “Why do big customers want an Enterprise deal?” On average Enterprise customers are paying more per quarter than E-commerce customers. What additional services do they get? In 2018 Enterprise customers generated about 40.9% of Shutterstock’s total revenue, or about $254.8 million. The average Enterprise customer pays Shutterstock $6,370 per year, but they could be getting 750 images per month for $2,388 a year. Maybe they are using a lot of video at $63.16 per clip, but there must be other benefits justifying the paying of the much higher fees.

Free Images For Sketches, Internal Presentations And Pitches

By Jim Pickerell | 663 Words | Posted 6/27/2019 | Comments
A reader asked,  “Is it known how much money is lost when premier and enterprise customers are able to get high resolution images that they use for sketching, internal presentation or pitches at subscription prices and only pay for the ones they use in print?”? The answer if NO. Nobody had any idea, or is tracking, of how many images are used in this way compared to how many are actually used in delivered products. But, we do offer some related data of the loss through subscriptions compared to licensing based on use.

Who Are Macrostock Sellers

By Jim Pickerell | 1076 Words | Posted 6/11/2019 | Comments
A reader asked, “In the article written by Martin Lisius (Microstock-The Dark Side Of Image Licensing) he refers to non micro agencies as a possible answer to the low prices that photographers receive. When I search under the heading of macro stock on your site about the only name that comes up is Getty.  Do I understand this correctly?”

Dreamstime’s Case Against Google Continues

By Jim Pickerell | 539 Words | Posted 6/10/2019 | Comments
In an opinion issued June 5th federal Judge William Alsup of the U.S. District Court for the Northern District of California granted only one part of Google’s motion for partial final judgment on the pleadings regarding the breach of contract and breach of implied covenant claims by Dreamstime.com that relate to a Google Play agreement.

Analysis Of Portfolios At Fotolia And Adobe Stock

By Robert Kneschke | 1288 Words | Posted 6/10/2019 | Comments
A few months ago, I evaluated which countries most Shutterstock providers come from. Today, there should be some similar analysis of Adobe Stock's data, or Fotolia, because although the portfolios on both websites are identical, Adobe Stock will unfortunately see less information about it.

Which Countries Do Shutterstock's Pictures Come From?

By Robert Kneschke | 827 Words | Posted 6/10/2019 | Comments
A few weeks ago, the publicly traded image agency Shutterstock had released its second-quarter 2018 business figures. Among those figures, there was also the remarkable 204.2 million images Shutterstock currently offers. 41% of these were added in the last year alone. On my Facebook page there was a lively discussion afterwards, regarding exactly where  these many millions of pictures come from.

Getty Images And APO Group Announce Strategic Partnership

By Jim Pickerell | 634 Words | Posted 6/3/2019 | Comments
Getty Images, and APO Group, a leading media relations consultancy and press release distribution service, have announced a wide-reaching collaboration to promote integrated text, photo and video solutions to organizations operating across Africa and the Middle East.