On May 3rd Pictor International, Inc., a subsidiary of Pictor International, Ltd. filed Chapter 11 bankruptcy in the District of Columbia. The company had total assets of $635,000 and debts of $1,278,341. The bankruptcy affects the U.S. subsidiary, not the parent.
Only 97 photographers responded to this year's survey. They had total stock income of $8,877,211 in 2000 and additional photographic income of $5,579,669 for a total photographic income of $14,456,880. Analysis of the data is in this report.
Getty Images has announced sales of $125.8 million for the first quarter of 2001. This was about 4% below the $130 to $133 million guidance provided by the company on February 8th, and less than a million above the 4th quarter 2000 revenue of $124.9 million.
Opus Solutions UK provides technology services in the UK to Picture Libraries and Photo Agenices. About 40 agencies have almost 200,000 images in their system. Peter Arnold uses the service in the U.S. CORRECTION: I made some incorrect statements about Opus in my Random Thoughts 31 and this story serves to correct that mis-information and set the record straight.
The Bridgeman Art Library has acquired Giraudon, the prestigious French fine art picture archive from Getty Images, Inc. This acquisition strengthens Bridgeman's position as the world's leading source of fine art images.
I want to apologize to Corbis Corporation, its employees and my readers for an erroneous story about Corbis that I published in my Random Thoughts 31 on Monday, April 16th.
Newsweek has recently lowered their day rate and some of the industry's leading photographers are saying enough is enough. Burke Uzzle and David Burnett have turned down work and written strong letters to Sarah Harbutt, Director of Photography at Newsweek. Their letters are printed here.
This series of short items includes: Tony Stone (the man) is returning to the industry, Advertising spending down, ASMP endorses StockArtistsAlliance, Rightspring doesn't get financing, and more.
Getty Images, Inc. announced today that they expect revenue for the first quarter ended March 31, 2001, to be approximately $124 million, which is about five percent below the $130 to $133 million guidance to investors provided by the company on February 8th.
The new Getty Images photographer contract has arrived and it seems that Getty and their photographers are operating at cross purposes. This story is my analysis of the current situation.