This story includes information about a new Getty catalog strategy, New York Times misuse of images, Klein's income for 2000, Down Advertising Sales and the inadequacy of bankruptcy clauses in most photographer contracts.
Sub-agents that represent major brands are facing difficult decisions and potential loss of the right to represent certain catalogs. This could mean falling revenue for some sub-agents. Primary supplying agents may find it difficult to get their catalogs into the international market.
This story provides analysis of the recent PACA and CEPIC surveys of Stock Agencies in the U.S and Europe. I have focused my analysis on market size, and the percentage of sales that are Editorial compared with Commercial. The data provide some surprises.
Index Stock Imagery has sent a letter to their photographers asking them to accept a reduced percentage of sales from 50% to 40% of net revenues collected on Rights Protected sales. The article outlines several factors related to this decision. I think most photographers will find it beneficial to sign this agreement and continue their representation by Index.
This story contains short items on: The end of Getty's Art.com, GlobalPhoto and StockMedia alliance, Royalty Free Growth and RF in Europe, new online sports agency, Eyewire moves to Seattle, U.S. Photographers Joining PACA, and more.
This story is a report of various information and insights I picked up at the 8th annual CEPIC Congress in Amsterdam. CEPIC is a confederation of picture agency associations in Europe. There were over 400 individuals in attendance representing 238 firms from 37 countries.
Index Stock Imagery, Inc. has closed the last $4.5 million of its $20 million mezzanine funding round and is on track for reaching profitability by the end of the year according to Bahar Gidwani.
In response to yesterday's announcement that Pictor International, Inc. had filed Chapter 11 bankruptcy in the U.S., Pictor International, Ltd. has made the following statement.
An analysis by the lawyer retained by StockArtistsAlliance (SAA) of the new Getty Images photographer contract.
This issue has stories on 2001 Photographer Profits Survey, Flat Sales At Getty, Dilemma For Getty Photogs., Tony Stone Is Back, Zefa Acquire Benelux, Masterfile, Greenbery Win Court Battle With National Geographic, and more.