According to co-founder and chief executive officer Serban Enache, Dreamstime's user-base has grown by over 30% during the last 5 months. Enache, who thinks such growth is probably the highest in the industry, said: "[Our small-company clients] must be affected by the crisis more than high-end users budget-wise... Still, we see no sign of slowdown (records for sales, new members, received content)."
As expected, Getty Images will be cutting staff after finalizing its acquisition of Jupiterimages last week. However, the severity of the cuts remains unclear.
Thought Equity Motion has partnered with the National Collegiate Athletic Association to offer online publishers NCAA March Madness video programming, complete with classic Motown sound.
We already know that professional image buyers have slashed spending. This week, stock-industry blogs and coversations were filled with phrases like "40% decline" and "half the revenues of last year." PhotoShelter says the sky is not falling, but its own survey shows that 40% of buyers are reducing image budgets. With iStockcharts data suggesting that iStockphoto revenues declined by 12% from January to February, many wonder if the microstock market is finally beginning to feel the effects of the global financial crisis.