Photographers are trying to assess how much the acquisition of PhotoLibrary will add to Getty’s gross revenue and what impact it might have on Getty’s overall control of the stock photo market. I estimate that gross 2010 revenue for still photo licensing worldwide was about $1.45 billion. Over the years I have defined the “stock photo market” as including the licensing of still photos and illustrations, but not footage or any of the auxiliary activities that Getty, Corbis and some other companies are involved in. I also include in my gross figure revenue generated by the picture divisions of AP, Reuters, AFP, etc. and of course the editorial division of Getty Images.
APA (American Photographic Artists) members have “uniformly agreed that Getty Images’ proposed changes are unacceptable.” Through its counsel,
Nelson & McCulloch LLP, APA contacted Getty Images prior to the April 30th deadline and made clear its position on the new contract. The organization requested, “that Getty Images stay or extend its self-imposed deadline for forcing contributors to sign (its) agreements.” Getty Images refused to respond to APA’S inquiry.
Alamy has searched through its collection of over 23 million images to
determine the top ten buildings around the world that are the most
photographed. As we enter the tourist season this information is worth
considering. These locations are icons that represent a city, region or
country. They are must-see locations for any tourist visiting these
areas and are likely to appear in every travel, airline and hotel
promotion for the general location of these buildings. You’ll also find
them on calendars and postcards. There is great demand for these
subjects.
It’s no surprise to anyone in the stock photo business that average fees
for image use are declining. The questions are how much, what’s causing
the decline, can we make it up in volume and how can we turn it around?
Universal Images Group Limited (UIG), the distribution business unit of
the Virtual Picture Desk (VPD), has entered into a long term agreement
with The British Library Board to represent their picture library
content for the online education market on a global and worldwide basis.
Stipple, a San Francisco-based technology company, has released a suite
of products that will turn editorial images into e-commerce storefronts
for consumers. The principle behind this new development is that
consumers often want to purchase something that is pictured in an
editorial image. It might be a T-shirt, a dress or the jeans a celebrity
is wearing; or a purse; or shoes; an electronic gadget; or golf clubs –
you get the idea. How does the consumer find the brand name of product
pictured and where to buy it
According to Tech Crunch
Getty Images has acquired competitor
The Photolibrary Group. Terms of the acquisition were not disclosed and as of this writing no additional information is available on the Getty web site.
Getty Images has announced that it has acquired PicScout, a leader in
identifying image use, metadata and licensing information on the web.
Founded in 2002 by Offir Gutelzon and Eyal Gura the company is based in
Herzliya, Israel and has 60 employees. The PicScout brand will remain,
and the R&D team is expected to remain in Israel.
Some textbook publishers have begun to ask photographers to invoice them for the right to use images for the “life of the edition” of a book. The following is the language from one such request. "
Please bill us for publication rights for the life of the edition. … we would like by this permission request to sell additional units through the life of the edition...."
The world’s leading specialist image and footage agency, Science Photo
Library, has been in the business of providing world-class imagery for
the last 30 years. To celebrate, they have launched “30:30” which means
clients will receive a series of special anniversary offers throughout
the rest of 2011.