In his recent year-end conference call to investors, Getty Images CEO, Jonathan Klein said, "I can categorically state that the success of [the $49 web use product] has exceeded our expectations. We are finding thousands of new customers for Getty Images."
In his year-end conference call to investors, Getty Images CEO, Jonathan Klein said, "We are licensing fewer images for print advertising, brochures, junk mail and print collateral." This is very significant because these uses have always been the bread and butter of stock photography.
"Green" has become a ubiquitous sales tool, according to Denise Waggoner, vice president of creative research at Getty Images. This exploitation of the global environmental conscience is the theme of the second edition of Getty's "What Makes A Picture" Report.
According to the Stock Artists Alliance (SAA) Photolibrary has begun moving to contact, and pay contributors the outstanding debts the company assumed when it purchased Index Stock in October 2006.
As of April 1, Adobe is discontinuing operations of its 3-year-old stock-photo service. Though Adobe Stock Photos was supposed to make designers' lives easier, it did not.
Visual content-monitoring company PicScout will demonstrate PicApp, an ad-supported image-licensing platform, during this week's Israel Web Tour 2008 Showcase. Creative and editorial imagery from Getty Images will be highlighted.
Earlier this month, the Library of Congress launched a pilot project to improve access to some 14 million prints, photographs and other visual materials in its collection. The LoC has partnered with Flickr, tapping into its vast user community to crowd-source image keywording.
In Q4 2007, Getty Images reversed the trend of the first three quarters and showed revenue increases in every category of its business.
Getty Images reported revenue of $218.1 million for Q4 2007, up from $208.9 in Q3 and a 7% increase from $203.5 in Q4 2006. All lines of business were up for the quarter. Particularly notable was the improvement in RM and RF sales. However, Net profit for Q4 fell to $28.5 million.