Shutterstock Full Year 2019 Financial Results

By Jim Pickerell | 1392 Words | Posted 2/13/2020 | Comments
Shutterstock has reported Q4 2019 revenue of $166.4 million up 3% compared to Q4 2018 and up from $157.42 million the previous quarter. Revenue per download averaged $3.44 per image, up from $3.40 in Q4 2018. Total image and video downloads for Q4 were up to 47.7 million compared to 46.8 million a year earlier. At the end of the year Shutterstock had over 314 million images and 17 million video clips, for a total of 331 million pieces of content in its collection.

Alamy Acquired By PA Media Group

By Jim Pickerell | 375 Words | Posted 2/11/2020 | Comments
Alamy has been acquired by PA Media Group a  UK-based news and information business. Founded 20 years ago, Alamy has one of the world’s most diverse creative and editorial stock imagery collections, comprising almost 200 million photographs, vectors and 360-degree panoramic images sourced from a network of over 100,000 photographers and 650 picture agencies and archives. . The business has close to 100,000 customers in more than 150 countries, working across a range of sectors including publishing, design, advertising and broadcast.

Alamy Sale: What Does It Mean?

By Jim Pickerell | 625 Words | Posted 2/11/2020 | Comments (3)
Alamy may be the fifth largest company in the in the stock photo industry (after Getty Images, Shutterstock, Adobe Stock, and iStock) and has been doing reasonably well in a very sick industry. Alamy’s latest reported sales figures are for 2018 and can be found on the Companies House website.  on October 17, 2019. This report was recorded on October 17, 2019 and shows that Alamy had gross annual sales of £22.7 million ($29,305,500 ).

CORRECTION - Future Demand For Photography

By Jim Pickerell | 87 Words | Posted 2/5/2020 | Comments
CORRECTION - Please re-read yesterday's story on Future Demand For Photography. I made a serious math error in the original story. The situation for photographers is much worse than earlier reported. Unsplash’s statistics page currently reports 70,263,886 downloads per month. The combined monthly downloads of Shutterstock, Getty and Alamy only total about 16,433,333 downloads, or about 24% of Unsplash's monthly totals.

Future Demand For Photography

By Jim Pickerell | 378 Words | Posted 2/4/2020 | Comments (5)
A reader asked recently, “Is it true that Unsplash is now getting more downloads than Getty, Shutterstock and Alamy combined?” According to Unsplash’s statistics page they currently have 70,263,886 downloads per month. Based on Shutterstock’s last quarterly report they have about 15,433,333 downloads monthly. Their downloads per quarter haven’t changed much quarter-to-quarter over the last two years so I think this number is a pretty good average and not really growing.

DynaLite Files Bankruptcy

By Jim Pickerell | 346 Words | Posted 2/4/2020 | Comments
A key tool for professional photographers for more than 50 years will no longer be available to  future photographers as DynaLite Inc. files for Chapter 7 bankruptcy (all assets will be sold off to pay creditors).

Freepik Company Appoints Oliveira CMO

By Jim Pickerell | 292 Words | Posted 1/31/2020 | Comments
Freepik Company, a platform of free and exclusive graphic content, has signed Rod Oliveira to a newly created position of Chief Marketing Officer in a move to strengthen an area of great strategic relevance for the brand.

Deep Fake Images

By Jim Pickerell | 603 Words | Posted 1/29/2020 | Comments
It won’t be long until commercial image users, and possibly news outlets, will no longer need photos taken by human photographers. This will particularly be true for photos of people. Every image will be digitally created from existing photos and nothing will have any relevance to reality.

Photo District News Has Folded

By Jim Pickerell | 75 Words | Posted 1/29/2020 | Comments
Photo District New, the preeminent publication for professional photographers in the U.S. has folded. See the sad story of its demise in ProPhotoDaily. Individuals thinking of, or trying to establish, a career as a photographer should carefully consider whether this line of work has any long term future if the business is not healthy enough to support an industry publication for professionals. This certainly is another nail-in-the-coffin of the idea of photography as a career.

Stock Photography: Passive Income Source

By Jim Pickerell | 770 Words | Posted 1/23/2020 | Comments (1)
I just read a story on Passive Income. The writer suggests that stock photography is one way to earn passive income and says it “is income you earn from things you would normally do in your spare time, or when you’re not working at a salaried job.” Active Income, on the other hand is the salary you get from the work you do by investing time and effort directly in return for money; if you don’t work, you don’t earn. Whether you are a teacher, a builder, a banker, a software developer, an athlete, an actor, or a doctor, you have to work to earn a living.” The time you spend working is tied to the income you receive.