Despite the generally disappointing figures released by the industry leader last week, Getty Images' stock was trading above its 13-day moving average last Friday. Figures from Yahoo Finance showed GYI trading in the range of $28.68 to $31.47. The stock was approximately 7% up from the previous day’s closing figures.
During the recent Getty Images conference call, Citigroup analyst Matthew Troy asked CEO Jonathan Klein to talk about the company's dialogue with image suppliers relative to the $49 Web use for nearly all RM, RR and RF images.
The Getty Images Q3 2007 numbers show a downward tend in both RM and RF revenue.
Total RM revenue for the quarter was $71.86 million, down almost 10% from $79.79 million in Q2 -- and the lowest quarterly sales since Q3 2004. RM revenue for Q1 2007 was $81.64 million. The highwater mark for RM revenue was $86.18 million in Q1 2006. Thus for almost two years the company has seen a steady and increasingly rapid decline in RM revenue.
Noor, the newest photojournalism collective launched in September during France's Visa pour l'Image festival, also presented itself to U.S. audiences with a two-day gallery exhibit in New York. Created in the tradition of the field's most respected agencies, including Magnum, Sygma and VII Photo Agency, Noor's mission is to promote a deeper understanding of the world by producing independent visual reports on important social, political, environmental and cultural issues.
Quantity vs. quality is a never-ending debate topic in the stock photo industry. Based on discussions I had at the recent PACA International Conference in Las Vegas, I think we are about to see another of the periodic shifts in emphasis, with quality coming to the forefront.
As of November 2007, photographs by British royal photographer Tim Graham will now be available exclusively through the Getty Images Hulton Archive.
Corbis added a specialty royalty-free collection MedicalRF to its image inventory. Launched in July by the Dublin, Ireland-based Moore Film Ltd., MedicalRF contains 10,000 digital illustrations of human anatomy, disease states, medical devices, microscopic organisms and related concepts.