The proliferation of microstock, combined with a general overcrowding of the stock-image space, has resulted in many pro shooters seeing declining stock revenues and considering diversification. The video market is one option, for a number of creative and economic reasons.
Today, Corbis announced the next step in its concerted pursuit of profitability. In a phased plan that will be implemented over the next six months, the company will restructure its international sales operations, resulting in the closing of eight office locations and cutting approximately 125 positions. According to the company, the restructuring has nothing to do with current business performance, but maintaining industry momentum.
Italian Web company Starring has launched an English-language hosting service to showcase and promoted the work of European photographers, photographerspro.eu.
Munich specialty agency StockFood is sponsoring the FAB Futures Award 2008, a new category in the 10th International Food and Beverage Creative Excellence Awards.
The technology segment devoted to visual search is continuing its development on both ends of the spectrum. On one side are the businesses that want to monetize the public's thirst for imagery, fueled by the proliferation of social media, photo-sharing and Web 2.0-style communities. On the other, content owners and publishers, whose copyright-enforcement concerns are growing at a corresponding pace.