Articles by Jim Pickerell

iStockphoto Rebranded

By Jim Pickerell | 584 Words | Posted 9/18/2013 | Comments
Getty Images has rebranded iStockphoto to just .iStock. with of sub-head of by Getty Images. The new logo is white on black instead of the former red iStockphoto. The rest of the site looks pretty similar to what was offered before.

"Ask James" Is Back At Alamy

By Jim Pickerell | 296 Words | Posted 9/18/2013 | Comments
Alamy is soliciting questions for the next installment of it’s popular “Ask James" feature. Between now and September 23rd contributors can pose questions to James West, CEO of Alamy.  He will answer as many as possible in one or more 10 minute video sessions.

Decline In Return-Per-Image

By Jim Pickerell | 1147 Words | Posted 9/16/2013 | Comments (1)
Every photographer is aware that the average annual return-per-image has been steadily falling over the last few years. The numbers in this story based on the size of Getty's Premium image collection and the revenue it generates give an indication of just how much it has fallen.

Jonathan Klein Interviewed By Oliver Laurent of BJP

By Jim Pickerell | 278 Words | Posted 9/16/2013 | Comments
At Visa pour l'Image in France earlier this month Olivier Laurent of the British Journal of Photography interviewed Jonathan Klein, CEO and co-founder of Getty Images. Among the issues discussed were falling prices, the future of the industry, the need for new economic models and the role of smartphones in a market in flux. The entire article can be found here.

Major League Baseball Extends Contract With Getty

By Jim Pickerell | 528 Words | Posted 9/13/2013 | Comments
Major League Baseball Properties (MLBP) and global digital media company Getty Images today announced a long-term extension of their successful partnership. Getty Images will continue to serve as the exclusive commercial photography partner of Major League Baseball (MLB) and exclusive licensor of the entire MLB image archive.

iStock Earnings Per Download

By Jim Pickerell | 649 Words | Posted 9/12/2013 | Comments (1)
Getty is telling debt investors (people who buy corporate bonds and corporate debt) that 70% of iStockphoto revenue is generated by exclusive images. They also say that total iStock revenue annually is around $300 million. iStock revenue declined 9% in Q2 2013 compared with Q2 2012. Thus, about $90 million of Getty’s revenue comes from non-exclusive images and $210 million from exclusive

Shutterstock/Facebook Agreement: New Update

By Jim Pickerell | 220 Words | Posted 9/12/2013 | Comments (1)
After reading about the new Facebook TOS I began to wonder if Facebook would be able to resell images their advertisers acquire from Shutterstock as part of the new Facebook/Shutterstock deal.

Getty Facing Possible Debt Ratings Cut By Moody’s

By Jim Pickerell | 789 Words | Posted 9/11/2013 | Comments (2)
Getty Images rising debt compared to earnings (EBITDA) is worrying debt investors. Moody’s is reviewing the company to determine if they need to lower their Rating of the company’s debt. Getty has $2.6 billion in outstanding debt including an approximate $1.9 billion term loan, $550 million of 7% notes due October 2020 and $150 million line of credit. Gross revenue for the year ending June 30, 2013 revenue was $897 million.

Buyers Survey Conducted By Visual Steam

By Jim Pickerell | 710 Words | Posted 9/10/2013 | Comments
In June 2013 VisualSteam conducted a survey of over 1,000 art buyers, designers, creative directors, photo editors, service managers (and more), from agencies, design firms, publishers and corporations in the U.S. to determine “What Buyers Want.” They received a statistically valid response. For detailed results see the 5 page pdf or a longer video presentation here.

Disability Images Covers An Unrepresented Niche

By Jim Pickerell | 275 Words | Posted 9/10/2013 | Comments
Disability Images has created a body of work that focuses on empowerment and accessibility, and reflects the lives of people with disabilities who run companies, have families, participate in sports, study, learn and enjoy life.

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.