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In the case of Pacific Stock, Inc. vs. Pearson Education United States District Judge Susan Oki Mollay in Hawaii has denied Pearson’s request for summary judgment with regard to Pacific Stock’s claim that Pearson had engaged in fraud and fraudulent inducement in its use of 59 images. Pacific Stock has also alleged that with regard to 151 images from 70 of its photographers Pearson exceeded the print run rights granted for the use of its images in Pearson textbooks.
Is bulk pricing always bad? After reviewing the sales reports of a number of Getty photographers we’ve reported
that from 25% and up to 40% in some cases of Getty’s total sales are for fees of $25 or less – often a lot less. Hans Halberstadt explains how he uses bulk pricing and custom pricing menus to get much more reasonable fees for the use of his images.
The stock photography business has changed dramatically from what it was five or ten years ago and the future does and the future does not look promising. In this article we’ve provided links to a number of previously published articles that provide a good overview of the industry and where we believe it is headed. If the reader wants to get a basic grounding in what stock photography is all about this is the place to start.
has launched Corbis CRAVE
, a premium image discovery experience developed exclusively for iPad® and as an accompanying web experience. CRAVE features expertly curated imagery from industry-leading commercial and editorial photographers. At launch there are 47 portfolios from featured photographers.
With Stocksy (http://www.stocksy.com/
) Bruce Livingstone has set out to produce a collection of “authentic” stock images unlike anything customers will be able to find anywhere else. When he uses the work authentic he means a photograph that doesn’t look staged, pretend, forced or unrealistic. Images can be processed, but the processing must match the content. It’s not Instagram. Bruce took time out of his busy schedule to answer a few questions for us.
Shutterstock has reported a record 22.3 million downloads and $51.5 million in revenue in Q1 2013. Revenue per download grew 8% year-over-year to $2.29. The Shutterstock collection has grown to more than 25 million images and over 1 million video clips. Revenue is expected to grow in Q2 to between $53 million and $55 million. For all of 2013 revenue is now projected to be between $221 million and $226 million. EBITDA is projected to be between $46 million and $48 million.
In an effort to help its photographers shoot the imagery demanded by image buyers Image Source’s trend monitoring team, ISM, have published a report on its photographer resource blog
IMSO, that examines the concepts portrayed in recent family imagery. In the process of preparing this report Image Source analyzed changes in the buying patterns or its customers, and researched a wide range of media and customer needs.
We reported on price variations to different countries for use of the same photo here
. Kiratsinh Jadeja who originally raised the issue asked, “Do you think majority of the buyers already know about this and outsource already?”
If supplying pictures for educational use is a significant part of your business plan you need to be aware of how the market is trending toward digital delivery and how that is likely to affect the prices that will be paid for images used in digital products. In case you’ve missed them the following are links to a few stories we’ve published that deal with this subject in the last few years.
Since the fall of 2012 iStockphoto had been accepting pictures taken with mobile devices. Currently they have 7433 images on the site. So far, they do not allow contributors to upload their photos directly from their mobile devices. It is not clear whether they are accepting images from contributors who only shoot with a camera phone, or whether they are just encouraging their regular contributors to also submit some images they shoot with their phones.
JMC Inc (formerly JTB Photo Communications) based in Tokyo, Japan and Universal Images Group Limited
(UIG) have entered into an agreement in Tokyo on April 12th 2013 for UIG to manage the global distribution business of JMC in respect of the JTB Photo picture library of 150,000 travel, travel related, cultural, cultural heritage and religious rights managed images. Another 650,000 to be edited and 10,000 new images per month are part of the deal.
The Instagram community of 100 million users will have a new way to market their images with the August 2013 launch of InstaStockImages
, the global crowdsourcing photo and video service has announced a global alliance with Ebyline
, a company which helps media publishers, agencies and brands to collaborate with professional freelance journalists worldwide by providing workflow tools.
In recent discussions with agents operating in Europe it seems that it has become impossible to hold the line on pricing. They say there is always a competitor willing to undercut any rate.
Last week we asked the question “Where is the best place to license images?
” if the image is available in the Getty Images collection. We thought India might be the cheapest source, but we found some surprising cheaper alternatives.
Anyone interested in a career as a photographer – as well as those photographers in mid-career -- needs to carefully consider how the business is changing. If we look at image use on the Internet it is undeniable that more images are being made available for viewing. However, for professionals this is not good news. More image use does not mean more demand for professionally produced images.
It does not mean that there will be more opportunities for photographers to earn their living taking pictures. In fact, the opportunities to earn a living as a photographer are declining. Here’s why.
If you want to license an image from Getty Images for use in the United Kingdom is it better to license the use in Canada or India? Recently, Kiratsinh Jadeja priced the same image for the same usage
in both countries. He discovered that if he licensed the use in India the cost would be less than half the Canadian price. In either case he could legally use the image in the UK. Learn why.
The CEPIC Congress
in Barcelona June 10 – 14, 2013 will attract stock agents from around the world. Falling prices and the impact they are having on stock agencies and professional photographers will be one of the key issues discussed.??I posed a series of questions to a few industry leaders that will be in attendance. Earlier Alfonso Gutierrez, CEO of age fotostock shared his observations and opinions
. In this story I will examine responses from a few others.
Last week we wrote about the miniscule royalties
that appeared on Getty’s February royalty statements. Many Getty Connect sales showed a royalty of $0.00.
Getty has acknowledged that they made a rounding error on the recent statements and will report micro-royalties in fractions of a cent up to 5 decimal points in the future. Conceivably, a photographer could earn $0.00001 (one thousandth of a cent) for one license.
There was a time when one of the keys to being a successful stock photographer was to develop a strong working relationship with a top photo editor at one of the major stock agencies. That period has passed. Rolf Sjogren who managed a high-level team of art directors, photo editors, producers and retouchers for Getty Images from 2001 through 2008 explains what happened and gives us a picture editor's perspective on how the stock photo industry has changed in the last 20 or so years.
The CEPIC Congress in Barcelona June 10 – 14, 2013 attracts stock agents from around the world. Pricing will be one of the key issues discussed – specifically falling prices and the impact they are having on stock agencies and professional photographers. I posed a series of questions to a few industry leaders. This story is a response from Alfonso Gutierrez, CEO of age fotostock
has released an infographic
that forecasts several design trends for the year ahead. In 2012 Shutterstock delivered 76 million image downloads giving them a wealth of data from which to draw conclusions.
Last summer Getty Images launched an API initiative called Connect by Getty Images that made it possible for then to collect a share of the advertising revenue when an ad appears on a page where a Getty Image is shown. One of the first companies to use the API was Yahoo. In the February statements Getty is reporting royalties from some of the early pay-per-view deals. The numbers being reported have alarmed a number of Getty’s contributors.
Bruce Livingstone founder of iStockphoto has launched Stocksy.com
. Stocksy has been designed as a co-op and pays photographers a 50% royalty on each sale. At the end of the year, the company divides 90% of its profits equally among contributors and other shareholders.
new website is the latest step in the company’s efforts to improve the online experience for creative and editorial customers. The company has taken a phased approach to the site re-design and is initially launching with a new homepage, search results, image pop-up and lightbox tool.