New York-based subscription microstock Shutterstock has announced details of its 2008 contributor raise. Though the company has hyped the commission increase for several months, many contributors are disappointed with the numbers.
San Diego-based Tech Coast Angels, an angel network that funds South California start-ups, announced that it completed funding of a $650,000 convertible note for online stock-image distributor BrightQube.
The Getty-owned microstock announced it will launch a royalty-free audio service in September. In addition to holding the record for the total number of stock-licensing transactions, this addition makes iStock the first company to offer still photography, illustration, Flash files, video and audio in one place, under one payment model.
Jupitermedia's Q1 2008 revenues were $34.5 million down from $36.1 million in Q4 2007 and below the company's estimate of $35 to $36 million announced in March of this year. First-quarter revenue was down slightly from $34.8 million in the same period in 2007. Total revenue for the online images segment of their business continued a steady slide to $26.142 million, down 9% and $1.8 million from Q1 2007 revenue of $27.914 million.
Miami-based royalty-free producer Glow Images is expanding into the rights-managed arena with an initial offering of 1,500 images in June. The company plans to add 500 new rights-managed images per month.
Zurich-based Sodatech, a technology company that services the media industry, has launched a beta version of SodaSearch, a color and similarity image-search engine. Sister-company Sodapix is testing the functionality on its stock-photo Web site.
Royalties are changing as the business changes. It's helpful to learn to adapt to new realities in the RM/RF marketplace.