Despite declining photo budgets, and instability in the stock photo
industry due to the availability of microstock, automated digital subscription
services, and the increased accessibility of advanced digital
technology, Alaska’s premier photo collection, Alaska Stock Images, is
celebrating 20 years as Alaska’s largest agency providing unique
professional quality Alaskan Rights-Managed and Royalty-Free stock
photos.
Recently, I posted on the “Stock Photography: buy and sell photos” group
on LinkedIn.com some of the information about photography revenue
relative to printing revenue that is found in this
story. Peter
Dean came back with a related question that deserves some careful
examination. He asked, “Approximately how many more images are used
these days in print compared to 10 years ago?” He also wanted to know
whether print revenue is Static? going Up or going Down?
Two companies have announced new video offerings.
age fotostock is promoting its
THP Photo & Video Services (Technological Hosting Platform) that consolidates imagery from many suppliers and hosts it for distributors around the world. Stock Footage Online (
www.stockfootageonline.com) has launched a new site with links to 80 leading stock footage specialist libraries.
At ASMP’s recent Strictly Business 3 education weekend in Philadelphia
four photographers explained how they had reinvented their businesses in
the current challenging business environment. Here are their stories. There will be more success stories at the last Strictly Business 3 conference in 2011 which takes place in Chicago April 1st through 3rd.
According to
WhatTheyThink?, a leading research organization serving the printing and publishing industry, January 2011 commercial printing shipments were $6.7 billion, up $270 million (+4.1%) compared to 2010. Adjusting for inflation, shipments were up +2.5%. Shipments for 2010 were also revised to be $86.7 billion. “Despite a dreadful first quarter in 2010, the remaining months were up +3%, to finish the year slightly higher than 2009,” explained Dr. Joe Webb, director of WhatTheyThink's Economics and Research Center. “January's shipment rise benefited from an easy comparison to the first quarter of 2010, but it continued a string of 10 months of positive comparisons to the prior year. We hope it continues.”
WhatTheyThink?, a leading research organization serving the printing and publishing industry, has just estimated that the value of printed materials shipped in the U.S. in 2010 was $86.7 billion. Based on my analysis I estimate that the worldwide sale of still stock imagery in 2010, most of which is used in some type of printed publication, was about $1.45 billion. Previously, we have estimated that in the range of 43% of the total worldwide sales of stock photography are licensed for use in the U.S. market. Thus, the comparison would be something in the range of $625 million for photography compared with $86.7 billion for printing.
In an effort to recognize and support emerging photographers, the Editorial Photographers trade association [EP] has announced its Third Annual EP Education Grants student photo competition. For details go to:
http://www.editorialphoto.com/epedu/ The Grand Prize winner will be chosen from among the finalists by internationally-acclaimed Magnum photographer Elliott Erwitt. More than $5000 in prizes will be presented to the Grand Prize winner, and more than $2000 each for the other five finalists!
In January of 2011 Yuri Arcurs was interviewed by John Lund and gave the
following account of where his business is today. Yuri is the world’s
best selling microstock photographer, has a staff of more than 50 and
the overhead for his stock operation exceeds $200,000 a month.
Corbis Images has announced a new worldwide distribution agreement with London based
Demotix , the multi-award winning source of “Street Journalism.” Later this month, Corbis Images will begin offering an edited selection of breaking news photography from Demotix through
corbisimages.com.
iStockphoto has announced plans to introduce a new higher priced Vetta
collection of video clips. Video producers are rebelling over the
proposed royalty split for this higher priced product. Clips in this
collection will be handpicked for their art direction, conceptual
execution and rarity and will be made available at higher prices than
other exclusive content.
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This stock photography news site focuses on the business side of photography with a special emphasis on stock photography. Our goal is to help photographers maximize their earnings based on the quality of their work and the commitment they are prepared to make to the trade. The information provided will be applicable to part-timers as well as full time professional photographers. We’ll leave it to others to teach photographers how to take better pictures.
Jim Pickerell launched his career as a photographer in 1963. In 1990 he began publishing a regular newsletter on stock photography. In 1995 the information was made available online as well as in print and was gradually expanded to a daily service.
Click here for Pickerell's full biography.
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