In March I did an analysis of the search return order of the various brands on the Getty site. Given the number of new collections, the number of images Getty has been adding to the site and their intentions to add significantly more, it seems like a good time to update those figures. The results provide some interesting insights.
Getty Images has opened the door to a broad base of professional and amateur photographers to join the new brand Lifesize and market their images through the Getty web site.
This story provides a chart that illustrates what has been happening to Getty Images return-per-image over the last four years. Getty's gross revenue from still image licensing has grown about 50%, but as the charts show, not nearly as fast as the number of images added to the collection. As a result image suppliers have found that they have to produce more and more images each year just to stay even.
During his last conference call for stock analysts Jonathan Klein provided some broad outlines for dramatic changes in strategy in 2007 (See Story 884). Both Getty photographers and others in the industry have expressed deep concern regarding the implications of some of the proposed changes. This story explores what Getty might and considers options photographers and other suppliers might have.
Who needs professional image creators when you have crowdsourcing? Doritos and the NFL plan to air ads created by non-professionals during the Super Bowl on February 4, 2007. No kidding!! Learn more about it.
Jupitermedia had disappointing quarter with revenues or $33.8 million for the period ending September 30, 2006. This was down $1.2 million from $35 million in Q2 2006, and only a $2 million improvement over the same period a year ago despite significant acquisitions during the year. Revenues for the image division were $26,177 million down $630,000 from the previous quarter.
Getty Images, Inc. has announced that its board of directors has established a special committee to conduct an internal investigation relating to the Company's stock option grant practices and related accounting for stock option grants. This review is being conducted with the assistance of outside legal counsel retained by the special committee.
This issue contains the following stories: Sea Change At Getty; Getty Has Disappointing Third Quarter; GDUSA Survey Results; Alamy Changes Rate Structures; Where Are Pricing/Volumes Headed?; Corbis To Handle Veer's Solus Imagery; Industry Slowdown; RF Producers Form ISPA; Some Thoughts About Microstock; Other Micropayment News; Art Directors Speak Out
Photographers and image suppliers to Index Stock Imagery welcome the news that after years of delay they will finally be given sales reports and paid royalties for the usage of their images.
Checks should be arriving in a couple of weeks.
Photolibrary has signed an agreement to purchase Index Stock Imagery of New York. Index Stock will join the rapidly expanding group, which includes Photolibrary, Garden Picture Library, Oxford Scientific, Fresh Food Images (Anthony Blake of the UK)and Monsoon Images.