Foap, the site that licenses crowdsourced travel images taken by iPhone user, has received an additional $500,000 in funding from Jade Global Investments. David Los, co-founder of Foap, attributes the company’s growth to a first-mover advantage in offering iPhone users an opportunity to monetize photos already stored on their phones.
One of the programs at the recent PACA International Conference asked five industry visionaries to explore emerging trends and predict what the stock photo business will be like in 2022. There was general agreement that the current business model of licensing based on usage is
broken and that in a few years (probably a lot less than 10) it will be necessary to develop a completely different approach to licensing.
Shutterstock has introduced a new
Portfolio Page feature that allows contributors to organize their collection into sets they want to feature. Once a significant number of contributors have taken advantage of this opportunity Shutterstock will encourage their customers to check out the galleries and image sets that their contributors have created.
Stock photo professionals in the UK and across Europe are deeply concerned about the Enterprise and Regulatory Reform Bill that is working its way through Parliament. As currently proposed it represent a serious threat to the ability of rightsholders to generate income from copyrighted works.
In October after
Image Source acquired Cultura Creative (
see story) the company immediately launched a series of photographer-centered workshops designed to inform top professional photographers of current industry trends.
In her presentations “The Fixer” at Photo Shelter’s Luminance event in September, retoucher and illustrator Amy Dresser beautifully demonstrated that there is no reality in photography any more. You'll be amazed at what she can do with Photoshop and Illustrator.
After Hurricane Sandy many news organizations will be thinking hard about covering breaking news events with iPhone’s and delivering the images via Instagram. Kira Pollack, Director of Photography for Time Magazine, hired five professional photographers to cover the event with their iPhones rather than their digital SLRs. By delivering the images via Instagram Time was able to show customers a more comprehensive report faster that would have been possible with a traditional approach to the assignment.
Axiom Photographic Agency Limited ceased trading on September 20, 2012, and was subsequently placed into Voluntary Liquidation at a meeting of the shareholders on October 23, 2012 due to its inability to meet its obligations to creditors. The Liquidator subsequently accepted an offer presented by
Design Pics Inc., to purchase the assets of Axiom Photographic, which became effective October 25, 2012.
At the PACA International Conference in Chicago in October the keynote
speakers was Ken Carson, EVP and General Counsel of Cengage Learning. He
outlined many of the challenges educational publishers face today and
provided insights as to where content licensing for educational use is
headed.
This article provides trend information on the global and U.S. revenue generated through advertising by newspapers, magazines and online delivery services. Advertising revenue has always been key in supporting the creation and distribution of information content. Historically U.S. publishers have relied on 85 percent of their revenue coming from advertising.