The Stock Asylum, an online site that has provided news and analysis of the stock photo industry for the past five years, has announced that it will discontinue operations on April 6.
According to the transaction statement filed by Getty Images with the U.S. Securities and Exchange Commission last Thursday, negotiations are still ongoing with a potential buyer other than Hellman & Friedman. The document also discloses, for the first time, the revenues of Getty-owned microstock business iStockphoto and other business segments.
Montreal-based photostockplus.com offers photographers a turn-key online platform with two products: a stock-licensing operation, and a package geared toward events such as weddings.
Panasonic, the flagship brand of Matsushita Electric Industrial, has renewed a three-year sponsorship contract of Our Place-World Heritage, a photo project that aims to build a photo library of the world’s historic sites. The
Osaka-based company, which recorded revenues of over $77 billion last year, is the project's principal financial sponsor.
California stock agency LOOK Photography now distributes select rights-managed and royalty-free images by Narratives, Red Cover and Quick Image.
BrightQube, a stock-image distributor and search engine founded in 2007, has launched a carbon-reduction program. The company will purchase TerraPass carbon offset credits that correspond to the amount of time buyers spend on its Web site for the duration of the program. All buyer activities will be taken into account, from setting up free accounts to building lightboxes and purchasing images.
Last week, Digital Railroad and the Midwest chapter of the American Society of Media Photographers organized a Chicago image-buyer roundtable. The panel included local advertising, corporate and publishing executives, who offered a rosy perspective on the state of the stock-licensing industry.
James Alexander, the former head of Adobe’s failed stock-image operation, has joined Jupitermedia as senior vice president and general manager of Jupterimages.
The Associated Press continues on the quest for domination of the sports and entertainment image segments. After moving longtime executive Daniel Becker to a newly created director post for entertainment content, AP replaced him with Getty Images’ veteran Guinevere Smith.
The PicApp licensing model has caused great concern among photographers in recent days, but it could well be the forerunner of the best way for photographers to earn money in the future.