"We are a broken industry that only has three choices: adapt, change or die," says Jack Hollingsworth. Though the veteran photographer continues to see immediate opportunity in traditional stock, Hollingsworth believes long-term success in this business requires a fundamental change in the business model.
The American Society of Media Photographers disclosed that last December it received $1.3 million from the Authors Coalition of America, an organization that distributes non-title specific royalties generated by photocopying American works abroad to its members. Permissible uses of the funds are restricted to educational and advocacy activities.
Stay-at-home dads and Generation V, where "V" stands for "virtual," are emerging as two important consumer groups. Both are the products of a convergence of several cultural and economic trends in Western society.
Thomas Crampton, a former International Herald Tribune and The New York Times correspondent who covers Asian politics, economics and culture, has uncovered what he described as a case of "stock photo usage gone wrong."