As expected, Getty Images will be cutting staff after finalizing its acquisition of Jupiterimages last week. However, the severity of the cuts remains unclear.
Thriving New York photographer, prolific stock shooter and Stock Artists Alliance president Shannon Fagan attended the first User Generated Content Conference and Expo in San Jose earlier this month. Fagan provided
Selling Stock with some of his key take-aways, offered here with additional commentary.
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.
Buyer-respondents to PhotoShelter's recent survey say microstock use might decrease, but in reality, the answer depends on the type of buyers you ask.
ImageSpan, the California-based creator of the LicenseStream platform, has announced agreements with the American Society of Media Photographers, the National Press Photographers Association, and the Worldwide Community of Imaging Associations (known as PMA). Through these new partnerships, ImageSpan will be offering discounts on LicenseStream services to nearly 35,000 members of the three bodies.