At the close of market on July 2, Getty Images stock will cease trading on and be delisted from the New York Stock Exchange.
Advertising spending on the Internet will increase 26% in 2008, overtaking radio, and is expected to be more than 10% of the market. By 2010, Internet ad spend is predicted to reach $61 billion, slightly ahead of the $60.5 billion magazine ad segment of the market, per ZenithOptimedia.
The Associated Press has often been the subject of criticism among freelance photographers, whose complaints have ranged from low rates to corporate policies. As a result of several new policies, this summer has seen a surge in negative coverage of the news conglomerate among photography, online-publishing and the AP's core newspaper markets. There are also indications that the once-unshakable monopoly is beginning to lose bread-and-butter clients.
Social-networking teens indicate that they are receptive to advertising on these sites. This could be good news for PicApp, which is making images available for free to bloggers and those creating social-network sites. Each image published is accompanied by an ad and image creators share the ad revenue.
Historically, video has been the domain of Hollywood and TV studios. The Internet has democratized video production, giving rise to user-generated and Web-only content. According to Thought Equity Motion and its client WatchMojo.com, these new content types have increased the options available to marketers and ad agencies. At the same time, they have caused a decrease in production budgets, fragmented target audiences and impeded attempts to monetize online video content. Thought Equity and WatchMojo.com say they have cracked the monetization code by combining resources to produce high-quality low-cost content designed to satisfy Web and out-of-home advertisers.