Corbis has realigned its top leadership by dissolving the co-president structure and naming Steve Davis CEO and Tony Rojas Chief Operating Officer. Leslie Hughes will be leaving the company as of June 30th.
The CEPIC annual Congress has clearly become the premier place for stock agents from around the world to meet and do business. This year 446 delegates from 33 countries met in Budapest from May 24th through 26th. This report deals with some of the high points of the Congress.
Stock Connection and Pictor have agreed to terms that would transfer the image files currently under control of Pictor INC., a wholly owned subsidiary of Pictor Ltd., to Stock Connection for future management and marketing in North America. As Pictor is in Chapter 11 bankruptcy in the U.S. the deal must still be approved by the court.
Sheldon Marshall reports that his position at ImageState has changed to that of Deputy Chairman of ImageState Plc. He never had ''day-to-day operational responsibility'' as my report on May 4th indicated. (See Story 477.)
This issue has stories on Anton Dentler Assuming Representation of Mon-Tresor Catalogs, Corbis Iron Mountain Storage Facility Opens, Workbookstock.com Releases Print Catalog and Burak Joins TimePix.
Sources indicate that Sheldon Marshall has been removed from day-to-day operational responsibility at ImageState and has been given the title of Vice Chairman. For the immediate future Chris Adamson, ImageState's Chief Financial Officer, will take over responsibilities as President of the company while they search for a new Chief Executive.
This issue contains articles on Textbook Revenue, Royalty Payment Issues, ImageState Restructuring, Getty Sales Up, SuperStock Acquires Powerstock,The Exclusive Dilemma, E-Data Moves to acquire royalties from JPEG users, Zefa Belgium Bankruptcy, Ward vs National Geographic and more.
Getty has reported 1st quarter revenue of $113.9 million, up 11.8 percent from the previous quarter. They have also supplied new information about the percent of revenue of various segments of their business, the gross margin of each segment, average price per usage, average revenue per sales employee and a geographic breakdown of sales that should be very useful to others in the industry.
The saga of the National Geographic CD-ROM's continues. The 11th Circuit Court of Appeals found that Geographic made infringing use of images in 1997, but still no settlement for damages. Fred Ward had 850 images and texts for 12 articles used over three decades. Now he has filed a Request for Summary Judgement. His case, as outlined in court documents, reveals many interesting details about Geographic.
This article contains information on the Settlement of the Zefa Belgium Bankruptcy, BBC Natural History Library Name Change, Art Resources Representing Museum of Modern Art Images, Japan agency AFLO enters U.S. Market, and ImageState's New RF Collection.