Articles by Jim Pickerell

September 2004 Selling Stock

By Jim Pickerell | 7643 Words | Posted 9/6/2004 | Comments
This issue includes stories on: Zefa For Sale?,Amana IPO, JupiterMedia Q2 Results, Jupiter Acquires ThinkStock,A21 Second Quarter Results, Advertising Shift, Upper Cut Images, Getty Second Quarter Results, Reinventing Advertising, Visual Search At Masterfile, Digital Creation Or Film? and more.

A21 Second Quarter Results

By Jim Pickerell | 478 Words | Posted 8/16/2004 | Comments
a21, Inc. reported gross revenue for the second quarter of 2004 was $2.5 million. A21 completed its acquisition of SuperStock on February 29, 2004 so this is the first full quarter that they have owned the company. They had $797,868 in revenue from SuperStock in March giving them revenue of $3,325,165 for the first half of 2004. SuperStock generated gross revenue of $2.3 million for the second quarter of 2003.

Amana IPO

By Jim Pickerell | 885 Words | Posted 8/16/2004 | Comments
In July, amana (parent company of Photonica) floated an IPO on the Tokyo "Mothers" market for 38.88% of its stock. They sold 485,000 of their 1,216,200 shares and raised about $100 million. Based on the share price in mid-July the company is valued at about $460 million.

Jupitermedia Q2 Results

By Jim Pickerell | 498 Words | Posted 8/10/2004 | Comments
Jupitermedia has reported revenues for the second quarter of 2004 of $17.8 million compared with $10.2 million for the same period in 2003. Till now Jupiter has been a RF supplier, but within the next 40 to 70 days they plan to announce a new "revolutionary" way to sell Rights Managed images.

Advertising Shift

By Jim Pickerell | 1644 Words | Posted 8/10/2004 | Comments
New methods of advertising are likely to cause a dramatic shift in the way still images are used. Experts differ on whether increased Internet advertising will result in an increase or decrease in revenue, but having better data relative to internet usage is critical to understand the problem and planning. This story examines one way to get much better data on Internet use.

Zefa For Sale?

By Jim Pickerell | 933 Words | Posted 8/10/2004 | Comments
The London Financial Times says the private equity group 3i, a minority shareholder in Zefa, is looking at a possible sale of the company. The FT also predicts that Getty or Corbis might be buyers. However, there is good reason to believe that neither Getty nor Corbis will be interested And that Zefa will remain an independent company.

Digital Creation Or Film?

By Jim Pickerell | 1739 Words | Posted 7/30/2004 | Comments
For some time I have been advising stock photographers to "shoot digital" and transition as quickly as possible to digital workflow. Recently, I discovered that some agencies still prefer to receive film. Learn about some of the problems agencies are encountering with digital submissions.

Random Thoughts 83

By Jim Pickerell | 2212 Words | Posted 7/30/2004 | Comments
This story has short items on: Great Art Directors Think Alike, Jupitermedia Acquired Thinkstock, Online Ad Growth Predicted, How 18-34 Males Are Reinventing Advertising, Masterfile To Use PicScout, New TrendWatch Stock Image Report, and Index Expands With Trove.net.

Getty, Second Quarter 2004

By Jim Pickerell | 1264 Words | Posted 7/24/2004 | Comments
Getty Images has reported second quarter revenue of $150.3 million compared to $127.7 million in Q2 2003. Operating income grew 67.6 percent to $39.8 million, or 26.5 percent of revenue, compared to $23.8 million, or 18.6 percent of revenue, in Q2 2003. A number of interesting details related to their operation and future planning were revealed in the conference call.

Upper Cut Images

By Jim Pickerell | 2155 Words | Posted 7/16/2004 | Comments
Upper Cut Images is a new Rights Managed stock agency that expects to launch in early 2005 with 10,000 to 20,000 high end images covering all the major advertising categories according to Ellen Boughn, Vice President and Creative Director. The agency has currently signed about 20 photographers and is looking for a few more experienced stock shooters who are aggressive producers.

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.