This story provides the full text of remarks by CEO Steve Davis at the 1st Corbis Annual Meeting. Video clips of Corbis images are not included, but the text of speakers that were presented on video is included. Highlights were $140 million in revenue for 2003, expanded image use by emerging markets and increased emphasis on providing a broad range of services to customers.
Corbis waived more than $1 million in licensing fees to non-profit organizations around the world in 2003. The company announced that it will extent free access to Bettmann Archive Images in 2004, donating another $1 million to help non-profits tell their stories.
At its first-ever annual meeting held in New York on January 15th Corbis announced that 2003 revenues were approximately $140 million. This was 20% above 2002 revenues of approximately $116 million. Bill Gates said Corbis would not go public in the next three to four years but there is likely to be ''diversified ownership'' at a later date.
This issue discusses: OnRequest Images Partners With Photonica; ImageState 2003 Revenue Down; Corbis Makes More Restructuring Moves; Masterfile Integrates RF and RM; Zefa Adds Retrofile Collection and Thinkstock Launches RF Footage Site.
Communication Arts has released data from its 2003 subscriber study indicating the use of royalty-free stock continued to grow at the expense of rights-managed stock and assignment work. The number of people using stock remained flat, though overall volume usage has increased slightly.
Getty's new Campaign Pricing, or Flexible License Packs offer customers with many potential uses for an image, a greatly simplified way to purchase rights, and, possibly, a great reduction in costs. This story details the numbers and explores some of the long range implications for everyone in the industry.
This issue contains stories on Increased Image Use???, Legal Nightmare, Getty Raises Estimate, VNU Launches Stock Portal, VEER Acquires Solus Images, Stockbyte Buys VC Stake, Digital Color Printing, A21 and Superstock Deal, Hughes Named ImageState CEO, Purchasing Pixels, Clients Speak Out, Personalized Ads, Pew Internet Survey, Hidden Internet Uses, Film Decline At Kodak and Price Per Pix.
Will there be increased use of still images in 2004? Economists expect the U.S. economy to grow. Getty expects 8% to 12% revenue growth due to price increases and growth in the number of images licensed. But, there are a host of indicators that still image use is likely to decline. This story examines those indicators.
Judge Louis Kaplan has ruled in favor of the National Geographic Society in cases brought in the Southern District of New York by Fred Ward, Douglas Faulkner, David Hiser and Louis Psihoyos concerning the use of their images in NGS's CD-ROM products that used 108 years of NG Magzine images and stories. Jerry Greenbergs previous win against NGS for use of his images in the same product may also be thrown in doubt. The case that has been dragging on for six years is likely to drag on for several more.
This article has short items on Getty Raising Estimates, Digital Camera Sales, Pew Internet Survey, Ad Trends, Hidden Internet Uses, Model Releases, FutureStock's 700 MB Files, StockMedia Turnkey for RF Sellers, Corbis Represent WLIW, and news from Photolibrary.com, Index Stock, PanoramicImages.com and Virtual Picture Desk.