AOL has launched a new version of Truveo.com, an online video search engine for professional-caliber and user-generated video. According to AOL, users prefer them to user-generated content.
Hollywood is going green - on screen. "The 11th Hour," a feature-length documentary that premieres in Los Angeles and New York on August 17, explores industrial civilization's impact on our ecosystems. To reduce the carbon footprint of its production, the film used 300 stock-footage clips. Using stock was among a number of environmentally friendly measures.
There are many reasons why we are likely to see a further decline in overall industry revenue." Overall industry revenue will go down; however, given the $70 million to $100 million that micropayment is adding to total industry revenue by bringing new buyers into the market, there hasn't been much falloff in dollars yet. It's not because customers are spending significantly less money. The pie is just being divided among a lot more suppliers.
Getty CEO Jonathan Klein received a salary increase of $50,000 last week, bringing his base compensation to $1 million. Klein's revised compensation package also includes restricted stock unit grants, valued at approximately $3.5 million, and payment of relocation expenses. Klein did not a bonus last year, since Getty Images failed to meet its 2006 revenue projections.
Traditional stock photographers argue that it's impossible to make money selling at microstock prices. But microstock photographer Erik Reis has found it a viable business option.
Corbis CEO Gary Shenk has pledged to make the company profitable by focusing on stock and rights services. Which is why Corbis is positioning itself as a partner that can take the logistics-related pressure off advertising creatives who use rare or celebrity footage.