Articles by Jim Pickerell

What’s Next For Veer?

By Jim Pickerell | 299 Words | Posted 3/2/2016 | Comments
Getty Images has contacted Veer contributors to explain what will happen to their imagery as a result of the sale of Corbis to VCG.  Their imagery will not be integrated into the Getty Images collection. Veer contributors may apply to iStock for possible upload of their content there. The memo says:

Pond5 Introduces Improved Search And Membership Plans

By Jim Pickerell | 1410 Words | Posted 2/29/2016 | Comments
Pond5 has improved its systems for searching and finding the right video clip or image. In addition, it has introduced a Membership offering that provides significant saving for customers who pay monthly or annual subscription fees.

Shutterstock’s Drive To Add Images

By Jim Pickerell | 707 Words | Posted 2/25/2016 | Comments
A photographer recently asked if I could explain why Shutterstock is making such an aggressive effort to grow its collection. Currently, the company over 77 million images in its collection and is adding over 800,000 new images a week. As far as I can tell Shutterstock believes their customers want more and more choice not only in subject matter, but in newer, more updated images.

Shutterstock 2015 Financial Results

By Jim Pickerell | 1302 Words | Posted 2/24/2016 | Comments
Shutterstock has reported Q4 2015 revenue of $115.9 million and a total of $425.1 million in revenue for all of 2015. The full year revenue was up about 30% from $328 million in 2014. Approximately, $8.6 million of the annual revenue was generated by Rex Features and PremiumBeat that were acquired during Q1 2015, and the impact of foreign currency exchanges. Excluding these contributions to revenue the company’s revenue growth was approximately 27% in 2015 down from 39% in the previous year.

Good News, Bad News: For Corbis Photographers

By Jim Pickerell | 147 Words | Posted 2/23/2016 | Comments (3)
The Good News -- Getty has started offering some Corbis contributors who also have an existing contract with Getty the chance to have their Corbis images migrated to Getty. The Bad News – One contributor was earning a 40% royalty on his Non-Exclusive RM contract with Corbis. Now Getty has offered him an agreement that gives him a 25% royalty.

Speight New Panther Media CEO

By Jim Pickerell | 284 Words | Posted 2/23/2016 | Comments
Tomas Speight has joined Panther Media GmbH as Chief Executive Officer. He will initiate a drive to grow the business into a global presence. Panther Media has a range of initiates relating to clients, international partnerships, as well as new content lines that will be launched in the near future. Further innovations beneficial to both photographers and clients are in the pipeline.

Is Growing Collections A Good Thing?

By Jim Pickerell | 826 Words | Posted 2/22/2016 | Comments
Many photographers who used to earn hundreds, and even thousands, of dollars for the use of one of their images think Shutterstock, and Microstock in general, are killing the stock photo business. Some Shutterstock contributors are even beginning to ask the same question. A reader recently asked for my analysis of why Shutterstock’s continued addition to its collection of over 700,000 new images a week won’t “drown it’s customers and risk losing its best contributors.”

Getty Supplies Corbis Contributors With Information

By Jim Pickerell | 817 Words | Posted 2/19/2016 | Comments
Getty Images has sent Corbis contributors the following information about the migration of Corbis material to Getty representation. While some questions have been answered there are still a number of issues that are not clear.

Public Company Dilemmas

By Jim Pickerell | 868 Words | Posted 2/18/2016 | Comments
The three public companies in the stock photo industry – Getty Image, Shutterstock and AdobeStock -- face major challenges that will probably be impossible for them to overcome. Adobe is the possible exception because it can approach the stock image side of its business as a loss-leader that supports the other 98% of its business.

Global Market Size For Stock Images

By Jim Pickerell | 717 Words | Posted 2/16/2016 | Comments
Another leading global market research company, Technavio, headquartered in London, has taken a look at the global still image market and concluded that it will exceed USD 4 billion by 2020, growing at a CAGR (compound annual growth rate) of over 7%.

About Jim Pickerell

Jim began his career in 1963 as a freelance photojournalist in the Far East. His first major sale, a Life Magazine cover, was a stock photo of the overthrow of the Ngo Dinh Diem government in Saigon, Vietnam.

He spent the next ten to fifteen years focusing on assignment work, first as an editorial photographer, and later in the corporate area. He regularly filed his outtakes with several stock agencies around the world.

As the stock side of his income grew, Jim studied the needs of the stock photo market, and began to devote more of his shooting time producing stock images. At about this time the 1976 change in the copyright law went into effect, and the industry began to see rapidly growing demand by commercial and advertising users for stock images.

In the early 80's he helped establish the Mid-Atlantic chapter of American Society of Media Photographers (ASMP) and served as Vice President, President and Program Chairman over a period of six years. He served on the national board of ASMP for two years, was on the committee that produced the ASMP Stock Handbook in 1983, and was active in the fight to reverse the IRS rules that required capitalization of all expenses of stock photo production.

In 1989 he published the first edition of Negotiating Stock Photo Prices, a guide to pricing hundreds of stock photo uses. The fifth edition was published in 2001. In 1990, he began publishing Selling-Stock, a bi-monthly newsletter dealing with issues of interest to stock photographers and stock photo sellers, with particular focus on issues related to marketing stock images. Selling-Stock is recognized worldwide as the leading source of in-depth analysis of the stock photo industry. As a result of his many years in the industry and his work with Selling-Stock, Jim has an expert understanding of the stock photo industry, its standard practices and developing trends. He frequently provides consulting services on stock industry issues to photographers, stock agents and individuals in the investment community.

In 1993, his daughter, Cheryl, joined him in the business. Together they established Stock Connection, an agency designed to provide photographers with greater control over the promotion and marketing of their work than most other stock agencies were offering. The company currently represents selected images from more than 400 photographers.

At age 76, Jim continues to follow stock photo industry developments on a day to day basis and expects to continue to do so far into the future.