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Future Of Subscription Licensing

By Jim Pickerell | 856 Words | Posted 7/24/2015 | Comments
Subscription licensing is in for some dramatic changes. We know that a significant number of the images subscription customers download are used in the designer’s “creative process,” but never find their way into a deliverable end product. Traditionally, creators of all the images downloaded – whether used in a deliverable product or not – have received an equal royalty share of the revenue paid for the subscriptions.

Scott Braut, New Head of Content For Adobe

By Jim Pickerell | 776 Words | Posted 7/23/2015 | Comments
Adobe has hired Scott Braut, formerly VP of Content at Shutterstock. He has been named Head of Content and will drive the company’s overall content strategy and operations for Creative Cloud. Adobe says content is a strategic area of growth and focus as it builds a growing, strategic creative marketplace. Scott has over 20 years of experience in content licensing, product development, eCommerce, and digital media.

SIM Lets Contributors Set Image License Fees

By Jim Pickerell | 919 Words | Posted 7/21/2015 | Comments
Hong Kong based Super Image Market launched in November 2014 has established a simple “Pathway” for making images available to customers rather that operating as a traditional agency or distributor. Contributors establish the license fee for each of their images on an image-by-images basis. SIM pays them 80% of every sale. (During the initial launch period until the beginning of 2016 contributors will receive 100% of every sale.)

Shutterstock Stock Under Heavy Pressure

By Jim Pickerell | 512 Words | Posted 7/15/2015 | Comments
Shutterstock (SSTK) was under heavy pressure Tuesday (-7.2%) after Morgan Stanley initiated coverage on the stock with an Underweight rating and a price target of $40. The company traded down 6.49% on Tuesday, hitting $52.33.  About 6% (2,134,222 shares) of the company’s stock traded hands. Morgan Stanley analyst Dean Prissman said based on their proprietary AlphaWise study and bottom-up analysis, they believe Adobe's aggressive entry into Shutterstock's market is set to pressure growth.

What Investors Want To Know About Stock Photography

By Jim Pickerell | 2080 Words | Posted 7/10/2015 | Comments
Lately, I’ve been getting a lot of questions from investors trying to assess the stock photo industry growth potential and figure out where Shutterstock, Adobe and Getty Images are headed. In general here is what I’ve been telling them.

Adding Images To iStock: Contributor Trends

By Jim Pickerell | 6317 Words | Posted 7/6/2015 | Comments
An increasing number of iStock’s most productive contributors seem to be pulling back on their production of new images. Of the 430 photographers and illustrators we have been tracking for more than four years only 34% have added more than 100 images to their collections in the last six months. That leaves two-thirds of this group of contributors who have added fewer than 100 images or removed images from the collection.

iStock Photographer And Illustrator Comparisons

By Jim Pickerell | 5858 Words | Posted 7/6/2015 | Comments
Since 2009 I have been tracking the image downloads of some of iStock’s leading contributors. Beginning in 2012 I increased the number of individuals tracked on a semi-annual basis to 430. While 430 is only a small percentage of iStock’s total contributors which number more than 100,000 combined this small group has at least 55,479,000 downloads and given the way iStock reports these numbers possibly as many as 58,416,000 downloads. I believe these numbers represent about one-third of all iStock downloads since the company’s founding in 2002.

Sales For iStock Leading Contributors Continue To Decline

By Jim Pickerell | 802 Words | Posted 7/2/2015 | Comments
Downloads for 430 of iStock’s leading contributors have continued their steady decline in the first half of 2015.  Getty had hoped that the launch of iStock subscriptions in April 2014 and the launch in September 2014 of a single price for images, regardless of the file size needed, would turn iStock’s fortunes around and bring customers back from its competitors. Neither strategy seems to have worked.

Dreamstime Removes Daily Image Download Limits

By Jim Pickerell | 572 Words | Posted 7/1/2015 | Comments
Dreamstime, has altered its subscription plans to feature a monthly instead of daily quota of downloadable images, and is allowing the carrying over of unused downloads. The company says, “users will now effectively never ‘lose’ image downloads as unused downloads will roll over into the monthly quota amount, making Dreamstime the most convenient and flexible solution in the industry today.”

Adobe Stock Launched: Royalty Rates UP!

By Jim Pickerell | 779 Words | Posted 6/16/2015 | Comments
Adobe has launched [St] Adobe Stock as part of its Adobe Creative Cloud subscription offering. Creative Cloud customers are now able to launch Adobe Stock directly within CC desktop software such as Illustrator, InDesign, Photoshop or After Effects, and add watermarked or licensed images to their Creative Cloud Libraries. This will allow them to access and work with images across multiple desktop tools.

Can Powerpoint Presentations Be An Important Market For Stock Photography?

By Jim Pickerell | 1443 Words | Posted 5/27/2015 | Comments
Microsoft say that worldwide there are about 400 new powerpoint presentations being prepared each second. That works out to about 12.6 billion presentations a year. A significant percentage of them use multiple images. Some are the creator’s personal images. But the vast majority are grabbed from the Internet via Google, Bing, Flickr or somewhere else. If users paid even $1.00 for each image used in such presentations the annual gross revenue might be more than 5 times the revenue generated worldwide by the stock photo industry.

Stockmile Offers Free Images

By Jim Pickerell | 301 Words | Posted 5/15/2015 | Comments
Stockmile promotes itself as offering “FREE images” and says it has become an excellent source of photography, vector graphics, illustrations, clipart, handpicked bundles, and more for personal and business use.

LookLagoon Launches New Website

By Jim Pickerell | 335 Words | Posted 5/15/2015 | Comments
LookLagoon has launched a new website that features professional, high quality images of nature, wildlife, and landscapes. Individual photos are available under royalty-free licenses at prices that range from $3 to $10 depending on the file size of the photo purchased.

Dreamstime Releases New Mobile App

By Jim Pickerell | 460 Words | Posted 5/5/2015 | Comments
Dreamstime has announced the release of Stock Photos by Dreamstime, a new mobile phone app geared toward customers interested in purchasing and downloading images directly onto their smartphones and tablets. With the new mobile app, the Dreamstime team will be able to offer its popular, high quality digital images to an even greater range of on-the-go customers.

Shutterstock Workshops

By Jim Pickerell | 217 Words | Posted 4/7/2015 | Comments
If you’re thinking about submitting images to Shutterstock you might want to check out the next ShutterTalk Live streaming workshop, “Preparing Your First Photo Submission,” on Thursday, April 9 at 11am EST.

EyeEm Market Opens

By Jim Pickerell | 330 Words | Posted 4/1/2015 | Comments
In August 2014 EyeEm announced that it would be introducing a “Market” aspect to its social media site. Market has finally been launched. EyeEm was established in 2011 and currently has over 13 million users who post photos taken with their cell phones and comment on each other’s work. It is unclear how many images are on the site.

Getty’s Turnaround Potential

By Jim Pickerell | 1208 Words | Posted 3/26/2015 | Comments
I’m getting more frequent requests from long/short hedge fund investors about Getty Images’ turnaround potential in 2015. Getty’s $550 million of 7 percent unsecured notes due in October 2020 are selling for approximately 50 cents on the dollar. Investors are trying to determine if that is a good price, or if they could go even lower. (Getty also has about $2 billion in additional debut.) Here’s some of what I tell them.

80 Stock Photography Trends For 2015

By Jim Pickerell | 150 Words | Posted 3/13/2015 | Comments
Stock Photo Secrets has put together a list of 80 Stock PhotographyTrends For 2015, In 2014 Stock Photo Secrets surveyed stock agencies and put together a list 50 trends of the kinds of imagery customers were buying. This year 16 agencies responded with the 80 most popular subjects their customers are requesting and using.

Microstock Market Size

By Jim Pickerell | 1324 Words | Posted 3/6/2015 | Comments
The Microstock segment of the stock photography business has grown rapidly over the last few years. I estimate that in 2014 gross microstock revenue, worldwide, was approximately $850 million. Sales by the Big Four distributors – Shutterstock, iStock, Fotolia and Dreamstime – represented about 85% of this total.

Pearson Education Sourcing Images Through Scoopshot

By Jim Pickerell | 323 Words | Posted 3/6/2015 | Comments
Scoopshot, the leading mobile platform for photo and video crowdsourcing, has partnered with Pearson. In an effort to reach out and engage millennials, Pearson is using Scoopshot to crowdsource photos from around the world to illustrate its publications.

Shutterstock Reports $91.4 Million For Q4 2014

By Jim Pickerell | 1547 Words | Posted 2/13/2015 | Comments
Shutterstock has reported $91.2 million in revenue for Q4 2014, a 34% increase over Q4 2013. There were 33.5 million downloads for the quarter. About 28 percent of revenue for the quarter was paid out to contributors in royalties. The average price per download was $2.68 up from $2.65 in the previous quarter and a 10% increase compared to Q4 2013. There were 46.8 million images in the collection at the end of 2014 plus 2 million video clips. At the end of the quarter the company had 513 employees worldwide.

The Cost Of Acquiring New Customers

By Jim Pickerell | 232 Words | Posted 2/11/2015 | Comments
Getting new customers can be difficult. During Q3 2014 Shutterstock spent about 25% of its gross revenue on sales and marketing. At that rate sales and marketing costs for all of 2014 could be in the range of $80 million.

More Thoughts On Adobe/Fotolia

By Jim Pickerell | 755 Words | Posted 2/2/2015 | Comments
After reading “If I were Adobe” Zeke Koch wrote, “I don’t totally get it. Why do you think we should avoid adding stock to Creative Cloud subscriptions?” I probably didn’t make my arguments clear. The following may help.

age fotostock Redesigns Website

By Jim Pickerell | 490 Words | Posted 2/2/2015 | Comments
age fotostock, a stock photography agency based in Spain with offices in Barcelona, Madrid, New York, and Paris, launched a new look on their website this week.

If I Were Adobe

By Jim Pickerell | 507 Words | Posted 1/30/2015 | Comments
Adobe’s acquisition of Fotolia is expected to close in February (second half of Adobe’s fiscal Q1 2015). Assuming everything goes well the next question on the minds of everyone in the stock photo industry is what will Adobe do with Fotolia and how will that affect the rest of the players.