BCC Research has released an extensive report on the global digital photography
market which is defined as the market for products that enable digital
photography. This market generated $65.6 billion in revenue in 2010 and
$68.4 billion in 2011. The market is expected to grow at a 3.8%
compounded annual rate and reach $82.5 billion by 2016.
Photographers lament the low prices being paid to use some of their
“unique and unusual images,” particularly when the images are costly to
produce and unlikely to be in high demand. Some photographers,
particularly those with unique scientific/nature images, believe that
specialist agencies are “shooting themselves in the foot” when they
place such images with Getty, Corbis and Alamy. These major distributors
dramatically discount the prices they charge for the use of images
regardless of how much they cost to produce.
ShutterstockImages LLC has announced the addition of four new members to its board
of directors. Steven Berns, Executive Vice President and Chief
Financial Officer of Revlon, Jeff Epstein, former Executive Vice
President and Chief Financial Officer of Oracle, Thomas Evans, President
and Chief Executive Officer of Bankrate, and Jonathan Miller, Chairman
and Chief Executive Officer of News Corp.'s Digital Media Group,
bringing the total number of board members to six. The new appointees
bring diverse experience to Shutterstock's board, managing complex,
multi-market businesses across internet, media and technology sectors.
Footage.net has added over 30,000 preview clips from the archives of NBC News to its search platform of over 1.8 million stock footage clips. Through this developing alliance, Footage.net users will be able to screen preview clips from NBCUniversalArchives.com stock footage collection, and NBC News will reach a new and growing user base worldwide for its stock footage licensing business.
Alamy has moved effortlessly past the 30 million image milestone and is currently adding 1 million new images every month to its pool of editorial and creative stock imagery. Included in the new offering is a much stronger position in the celebrity image space.
IIn August of 2011
Arius3D Corp made an
offer to purchase Masterfile for $21.4 million in a bid to expand into the 2D market. Since then Arius3D has been trying to raise the financing necessary to close the deal. Several tentative closing dates have passed, the last being March 31, 2012, and it has now been announced that the deal “will not close,” and the offer to purchase is not being extended.
Most professional photographers believe Flickr is a site they should
avoid because someone might steal their pictures. They think of it as a
place where amateurs put the pictures they want to share with family and
friends. Todd Klassy is using it very effectively to market his images
in his part-time photographic business.
Since the beginning of 2012 there has been an explosion of interest by
Venture Capitalists in investing in microstock companies. This article examines the implications.
I’m regularly asked for information about the size of the market. This
story contains a quick summary of some of the important industry
statistics as well as links to related stories where I expand on these
numbers. Included are Microstock colllection growth trends; iStock download and revenue trends since 2005; images licensed annually; royalty payouts; Getty return-per-image from 2003 through 2007; Asian market; customer buying behaviors and useful statistics for photographer business planning.
Universal Images Group Limited has built a database of more than 2.5 million education images for use by Encyclopaedia Britannica, in its
Image Quest online subscription service for schools, colleges and universities.