Getty CEO Jonathan Klein received a salary increase of $50,000 last week, bringing his base compensation to $1 million. Klein's revised compensation package also includes restricted stock unit grants, valued at approximately $3.5 million, and payment of relocation expenses. Klein did not a bonus last year, since Getty Images failed to meet its 2006 revenue projections.
Corbis CEO Gary Shenk has pledged to make the company profitable by focusing on stock and rights services. Which is why Corbis is positioning itself as a partner that can take the logistics-related pressure off advertising creatives who use rare or celebrity footage.
Florida-based Art Life Images is taking a streamlined approach to building its sales force. While a number of stock-licensing agencies employ telecommuters as photo editors, off-site employment remains relatively rare in the industry - particularly when it comes to sales executives.
Veoh Networks, a California-based provider of broadcast-quality video over the Internet, has filed a Federal lawsuit against Universal Music Group. In response to "unreasonable threats" by Universal, the lawsuit seeks a preemptive injunction that would prevent Universal from filing a copyright infringement suit of its own.
About half of design (53%) and advertising professionals (46%) see Web site and email campaign design as a sales opportunity. That's according to The Multichannel Mix - Creatives, a 147-page study that provides an overview of the current media landscape as it applies to creatives, including ad agencies, graphic designers and commercial photographers.