Total U.S. newspaper revenue in 2007 was down $3.9 billion compared to 2006, the second-worst drop since the industry started tracking overall revenue in 1950.
On the last day of Q1 2008, a21, Inc. reported its 2007 results of $23,306,000 up from $19,633,000 in 2006. However, this growth is somewhat misleading as about 50% of the company's business comes from Art Select, which provides wall art for homes and businesses. The Art Select division was acquired in the middle of Q2 2006. Thus, a full year's sales are not reflected in a21's 2006 revenue.
The Stock Asylum, an online site that has provided news and analysis of the stock photo industry for the past five years, has announced that it will discontinue operations on April 6.
The PicApp licensing model has caused great concern among photographers in recent days, but it could well be the forerunner of the best way for photographers to earn money in the future.
Many image producers and distributors like to show slight variations of a situation on the theory that some customers may want a horizontal rather than a vertical, or a different expression, or a medium shot vs. a close-up. But to maximize sales of all subjects it is extremely important to be cognizant of the search engine's strategy for delivering search returns.
Since the launch of Getty's new search engine last August, several image partners have become increasingly unhappy with the falloff in revenue their images generate and how low their images appear in the search return order.
The Division of Enforcement of the Securities and Exchange Commission has notified Getty Images that it has closed its informal inquiry into the company's stockoption grant practices without recommending any enforcement action against the company, or any individuals associated with the company.
Moodboardunlimited's "You Set The Price" strategy is intriguing. The tremendous advantage is that the company will never lose a customer due to price, and the offer should attract new customers. However, there are at least three significant disadvantages.
The information world is moving rapidly toward more customized and targeted communications, which will dramatically affect how photographers market and promote images.