Red Cover Picture Library located in the United Kingdom has entered into a Company Voluntary Arrangement (CVA) to restructure its debt.
For those currently selling images through Getty, the key question is: How many and how fast will Flickr images will be added to gettyimages.com? Getty editors are going to choose the photographers they want to deal with and invite them to sign a contract. The contract will authorize Getty to license the images as RM, RR or RF, but not microstock.
With an 18% increase in first-quarter revenues over 2007, 9-year-old sales platform Alamy is focusing on the next stage of growth. In addition to seeking out new revenue streams by expanding the traditional image-licensing customer base, in progress with the launch of a series of limited-use image licenses, CEO James West is considering international expansion.
French-born stock-industry veteran Paul Melcher is the new director of the North American division of leading British editorial agency Rex Features. Melcher will head a soon-to-open New York sales and production office. Rex also has U.S. operations in Red Bank, New Jersey, and in Los Angeles.
The week following Getty Images' exit from the New York Stock Exchange sees a second major announcement from the industry leader, which now delivers imagery to celebrity-hounds via Apple iPhone and iPod touch. The new JAMD Mobile application is joining others available at the new Apple App Store, a built-in feature of the portable product line, as well as the online interface of the iTunes software.
According to Allen Murabayashi, Getty Images went to Flickr only after PhotoShelter repeatedly turned down offers to have its image collection distributed through gettyimages.com.
Getty Images and Yahoo!-owned Flickr have partnered to offer a new creative-image collection exclusively through gettyimages.com. With a goal of launching the offering within months, Flickr is currently building a platform to allow Getty photo editors to invite select members of the popular photo-sharing community to participate. At launch, the Flickr Collection is expected to number in the tens of thousands, with thousands of images added each month.