Industry observers are intrigued by the Getty Images announcement of it's new "Rights-Ready" (RR) licensing model and are anxious for more information so they can determine exactly where it fits and what impact it will have on the industry. The new collection of images available for this type of licensing will be called Riser.
Jupitermedia has reported revenues for the quarter ended June 30, 2006 of $35 million up from $33.9 million in the previous quarter and compared to revenues of $29.1 million for the same period last year. The image division revenues were up only $242,000 from the previous quarter. The company's stock ended the day after the announcement at $6.59, down almost 30%.
This is a brief history of stock photography examining how it started and how it got to where it is today. I have tried to chronicle the key events and changes that have taken place in the last 80 years, in hopes that understanding the past will enable us to avoid repeating some of the same mistakes in the future.
This edition contains stories on: Getty Images Announces New 'Rights-Ready' Licensing Model, Index Provides Images For Cell Phone Wallpaper, CEPIC And BVPA Collaborate On IPTC Metadata Standards, ScienceFaction.net Completes Web Site.
This edition has short items on: iStockphoto Moves to Sell Footage -- Seeks Contributors; Corbis Files Lawsuit Against TemplateMonster and Ultravetex.com; Getty And Search Marketing; Getty Announces New Photographer's Choice Procedures; Redux Pictures To Represent New York Times Stock Images and Display Advertising On Web.
There probably is no typical iStockphoto user or supplier, but looking at the experiences of one early adopter may be helpful. Doug Nelson
is a graphic designer who joined iStockphoto in July 2003. He is both a buyer and a seller of pictures. He uses about 25 images a month mostly on web design projects.
Alamy added 711,939 new images to its site in Q2 2006, a drop in supply from the previous quarter, and ended the quarter with almost 6 million images in its database. The average price of an RF image was $226 and the average price for RM images dropped for the fourth straight quarter to $151.
Getty Images reported record revenue for Q2 2006 of $204.8 million compared to $185.3 million for Q2 2005, but did not meet analysts expectations. Despite revenue growth in every region and every product line, the market drove the stock down to $45.12, an 18% drop, by the end of the first business day after the announcement. This is the lowest the stock has been since December 2003.
This edition includes: More On Footage from Phil Bates of Artbeat; Jupiter Launches Micropayment Site in Japan; Getty Gets Creative In Going After Jupiter's Customers; Online Ad Spending Up; NBC Universal To Use Digital Railroad For Image Distribution; and $0.25 Downloads Add Up???
Can any photographer make money selling pictures for $1.00 each? The answer is a qualified yes. This story provides some surprising statistics from some of the top producers. It also points out how micro payments is working for some photographers depending on their expectations.