Most newspaper and magazine publishers have recognized for some time
that the handwriting is on the wall and the old business model where 80%
of the cost of producing a newspaper or magazine was covered by
advertising and 20% by subscriptions is no longer viable.
iStockphoto today announced that it has hired digital media industry
veteran, Nick King, as vice president, international. King will
spearhead the company’s international development and will focus his
efforts on reaching new customers and markets around the globe.
The New York Image Expo will take place on Thursday, October 20th, with
setup on Wednesday 19th. The PACA Annual International Conference
follows immediately afterwards, on October 21st to 23rd, which should
help minimize travel costs and time out of the office.
AudioMicro, which offers the world’s largest collection of
user-generated royalty free music and sound effects, announced today
that it has received an equity investment from Fotolia, Europe’s leading
micro stock photo site. Existing investor DFJ Frontier, a West Coast
seed and early-stage investor, also participated in the financing, which
totaled $750,000. In connection with the financing, Oleg Tscheltzoff,
co-founder and chief executive officer of Fotolia, has joined
AudioMicro’s board of directors.
Photographers trying to license rights to their pictures are constantly
looking for ways to make contact with potential customers. Any given
image is potentially marketable to buyers worldwide. Individual
photographers are unlikely to ever meet most of these potential
customers. Thus, photographers tend to employ a variety of middlemen
operations to assist them in finding customers. One such operation is
Photographers Direct (PD) which has helped more than 15,862
photographers (about 5,000 currently active) make contact with over
20,280 unique buyers worldwide.
Pixmac has removed its exclusively restrictions for its contributors and
raised commission rates. Contributors will now receive 30% of the
revenue collected or at least $0.25 per download for the first $200.00
in earnings. Once their total earning exceed $200.00 they will receive
40%.
When the Huffington Post starts lampooning what they call “Ridiculous
Stock Photos” will art directors judge the concepts as something to
avoid in the future?
Image Source has announced the immediate appointment of Simon Woodthorpe as Group Sales Director to
head up both the Image Source direct sales team and the strong
distribution network of over 200 distributors worldwide.
Due to an expansion of its state-of-the-art hosting environment, Capture has spare space and
is offering to supply and host dedicated servers for BAPLA and CEPIC members on a first-come-first-served basis.
Do educational publishers place much value on the pictures they use
in their
books? Based on
what they are willing to pay for such images, the role pictures play in
the educational process has declined significantly over the
last 10 to 15 years. The fees paid for images used in textbooks have
not kept up with changing usage demands. There may be little
photographers can do to alter this trend, but they need to be aware of
and understand the problem as they plan future production for this
market.