As of Nov. 15, the PhotoShelter Collection is open for business. The new marketplace offers the professional, amateur and hobbyist photographer 70% of image sales. It's been open to photographers for two months and has already amassed 225,000 images from over 5,000 contributors.
The proliferation of microstock, combined with a general overcrowding of the stock-image space, has resulted in many pro shooters seeing declining stock revenues and considering diversification. The video market is one option, for a number of creative and economic reasons.
There is a lot of talk of recession, but so far the U.S. economy is not considered to be in one. However, recession, defined as two or three consecutive quarters of decline in economic activity, may already be here for the stock photo industry. The revenue numbers below are in millions for the industry's three publicly held companies:Getty Images, Jupiterimages and a21.
Today, Corbis announced the next step in its concerted pursuit of profitability. In a phased plan that will be implemented over the next six months, the company will restructure its international sales operations, resulting in the closing of eight office locations and cutting approximately 125 positions. According to the company, the restructuring has nothing to do with current business performance, but maintaining industry momentum.
a21, Inc. has reported $5,387,000 in revenues for Q3 2007, down 9% from the same period in 2006 and down 5.5% from the previous quarter. The SuperStock/Purestock portion of revenues were $2,765,000 down 7.4% from the previous quarter. In Q2, SuperStock revenues were down 4%, compared to Q1 2007.
Jeff Burke and Lorraine Triolo have been recognized by Mayor Michael Cacciotti for having installed the largest commercial solar electricity system in South Pasadena, Calif. It's on their building, where Jupitermedia now has its Los Angeles headquarters.