A Toronto photographer made an interesting decision about his inheritance.
Jupitermedia's stock was selling for $1.43 per share on July 24, giving the company a market capitalization of $51.53 million. The stock was up 27% from a 52 week low of $1.13 on July 21, but that's not necessarily good news.
moodboard will launch moodboard 2.0 at PhotoPlus in October to add to its current three offerings: micro, premium and moodboard+. Moodboard was launched a year ago by Mike Watson and a number of other ex-Digital Vision senior staffers. Watson sold Digital Vision to Getty Images in 2005 for $165 million.
AGE is the latest traditional agency to introduce a midstock price offering in an attempt to defend against microstock's steady cannibalization of traditional RF sales.
If Getty assigns a significant portion of its existing editing staff to concentrate on searching Flickr for images with that "different look," the odds of getting an image accepted may be better by having it available inn Flickr rather than in the Getty queue.
AGE has launched its low-budget royalty-free (LBRF) model easyFotostock that it first outlined in October 2007. This new Web site is designed for customers who want images of average quality, but are not prepared to pay RF or RM prices.
In examining the Getty/Flickr deal, it is hard to understand how the Flickr managers could have given so much to Getty for so little.
Getty's gross revenue for Q2 2008 was $218 million with net income of $33.7 million. The $218 million is the same level of income as the same period in 2007, but down from $233.2 million in Q1 2008.