I just returned from ASMP's Strickly Business 3 weekend in Philadelphia.
There is another in Chicago April 1st to 3rd. It was absolutely great
for laying out where the industry is today (not particularly great) and
offering ideas as to how to re-invent your business for the future.
Check out
http://asmp.org/content/strictly-business-3.
Getty’s move to sell some of its royalty-free images on both
www.gettyimages.com and www.istockphoto.com is presenting some problems
in pricing usages and is sure to drive more Getty Images customers to
iStockphoto.
Many Western stock photographers are beginning to wonder if it isn’t
time to explore the potentials of the Chinese market. I asked Jerome
Lacrosniere, CEO of ImagineChina in Shanghai for some information about
the state of the Chinese stock photo industry.
Picnache.com has put together a list of the top 1000 keywords used by customers to search for stock photos in the last 6 months to 2
years. This dataset was compiled from about 500,000 searches and
prioritized according to which words were used most frequently.
Here are links to a few items I spotted on the Internet that are worth reading. They include observations on the Getty Images search engine, World Assignment photographers and Should I Work For Free.
iStockphoto has added a new collection of “editorial use only” stock
images to www.istockphoto.com. These images are intended for use by news
outlets, publishers, magazines, bloggers and presenters as a
descriptive visual reference to a product, place, event or concept.
For those who would like background on the stock photo industry, its
history and trends this story provides links to a number of stories on
PhotoLicensingOptions.com that readers may want to review.
This story provides links to a series of articles that include the results of a photographer income survey, analysis of the sales of microstock photographers, the size of the market for stock photography and other data useful to understanding stock photo industry trends.
Most print publications have recognized for some time that the
handwriting is on the wall and the old business model for newspapers in
particular where 80% of the cost of producing a newspaper was covered by
advertising and 20% by subscriptions is no longer viable. To a large
extent magazine publishers have the same problem.
The concept of royalty-free stock photography was invented in the early
1990s because many picture buyers felt that it was unfair for image
prices to be based on how the image would be used rather than their cost
to produce. The pay-based-on-use system (rights-managed wasn’t even a
term used at that time) was a particular problem for picture buyers
because they needed to track future use of any image they purchased to
make sure the use wasn’t exceeding the license. Customers wanted a way
to avoid this extra administrative hassle.