According to WPP, the world's largest media buyer, the Internet advertising spend in Sweden in 2008 will surpass spending for television advertising. The same is expected to happen in the UK and Denmark in 2009.
On Jan. 14, Alamy posted a video of an event they hosted for contributors in November. During the presentation, CEO James West provided details relative to sales of the top 100 photographers and agencies represented on the site.
Vancouver-based maXx images has relaunched its Web site. The site is now fully e-commerce-enabled and offers access to over 3 million royalty-free and rights-managed images.
Corbis has entered into a new distribution agreement with Japan's amanaimages, a division of The Amana Group and the fourth-largest global player in stock licensing.
Founded in London in 2001 and now headquartered in New York, the World Picture Network has announced that it will discontinue its daily news-image feed as of February. WpN CEO Brian Miller said the feed, which distributed images shot on spec to breaking news outlets, was unable to compete with larger companies in a crowded industry.
CogniSign, a technology company that specializes in image and video search, has officially launched xcavator.net. The meta image-search engine exits beta testing with 6 million images, which represent the aggregate inventories of four microstock and two rights-managed stock agencies.
RM sellers have focused on the top of the market for so long they have lost sight of the whole market for stock photography. It's time for some outside-the-box thinking.
There appears to be little or no growth in the volume of uses at traditional prices. In addition, there is reason to believe volumes will decline. The dilemma for RM producers is how to expand their customer base without losing revenue from existing high-end customers.