Articles by Jim Pickerell

Getty Reports 2006 Results

By Jim Pickerell | 4792 Words | Posted 1/31/2007 | Comments
Getty Images reported revenue for Q4 2006 of $203.5 million up 9.5 percent from $185.8 million in Q4 2005 and up from $198.1 million in Q3 2006. However, profit declined as a result of restructuring and other costs. The company earned $30.3 million, or $.50 per share, down from $42.5 million, or $.64 per share, during the same period in 2005.

Pricing Internet Uses

By Jim Pickerell | 1308 Words | Posted 1/25/2007 | Comments
Until recently it has been difficult to calculate appropriate prices for the myriad ways images are currently being used on the web. Getty Images has instituted an elaborate pricing structure that is an excellent solution to much of this problem, and should result in higher revenues for web use of RM images. This story examines Getty's strategy in details and provides a template that others can use in pricing web uses of their images.

Alamy Almost Doubles Images In 2006

By Jim Pickerell | 1357 Words | Posted 1/24/2007 | Comments
Alamy's fourth quarter 2006 figures on contributors, percentage revenue and average pricing show no major trend change from the previous quarter or for the year. Alamy almost doubled its collection in 2006 adding 3,432,808 images to the about 4.2 million it had at the beginning of the year.

Press Releases 29

By Jim Pickerell | 919 Words | Posted 1/16/2007 | Comments
This story contains releases on: Shutterstock Offers Largest Microstock Collection; Zurich-Based Agency Announces Launch Of Sodapix.com; and Corbis Names Sales Director For Australia

Random Thoughts 130

By Jim Pickerell | 1513 Words | Posted 1/16/2007 | Comments
The article contains short items on: Analysis Of World Market For Stock Photos; Getty Stock Downgraded; iStockphoto Sees Great Demand For Video; Acquisitions Update; Digital Refocusing; and Photos.com Emphasizes Community.

2007 Image Buyer Survey

By Jim Pickerell | 1011 Words | Posted 1/13/2007 | Comments
Piper Jaffray, a leading, international middle-market investment bank and institutional securities firm recently surveyed 158 U.S. image buyers including 4 ad agencies, 36 magazine publishers, 26 in-house marketing operations, 48 graphic design agencies and 19 other types of image buyers to determine their views of current stock photo offerings. This story summarizes some of their findings.

Protect Your Models

By Jim Pickerell | 1140 Words | Posted 1/13/2007 | Comments
More and more companies have been asking for signed model releases for every image submitted and photographers need to consider, and confirm what will be done with those releases once delivered. There has been a lot of discussion in the industry about making model releases available for customer review online. This could be a very bad idea, particularly with relation to model releases of minors.

Jupiterimages And Micropayment

By Jim Pickerell | 840 Words | Posted 1/11/2007 | Comments
As I've watched the astronomical growth in the use of micro-payment images I'm confused as to why JupiterImages has not moved more aggressively into this segment of the market. I put this question to Alan Meckler and he gave me some answers.

Index Stock Photographers Happy And Energized

By Jim Pickerell | 393 Words | Posted 1/11/2007 | Comments
We're hearing more and more comments from photographers happy with the recent acquisition of Index Stock by Photolibrary of Australia. The photographers are getting regular payments in amounts more than they had expected.

Dreamstime Introduces FREE Images

By Jim Pickerell | 703 Words | Posted 1/5/2007 | Comments
The micro-payment site Dreamstime.com has announced that as of February 15, 2007 designers will be able to download high resolution royalty free (RF-LL) images at no cost, compliments of Dreamstime.com and its community of contributors. This FREE section of the site is designed to attract bargain hunters and is expected to ensure the company's continued growth and improve its imagery.

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.