Some photographers have asked that I produce a survey that would develop an ''average return per-accepted-image, per-year'' for the industry. This story provides some figures based on Getty's public numbers and explains why it is impossible to extrapolate from these numbers any overall industry number, or figures for any other agency.
In this article which first appeared in PICTURE Magazine, Pat Hunt surveyed 19 art buyers from across the country on a number of industry issues.
In this article six art buyers from New York, Chicago and New Orleans talk at the PACA International Conference in New Orleans about how they work and what they need from stock photo archives. Some of their comments were predictable, but there they also offered some important insights into possible new trends.
Stockbyte has bought out the 30% stake held by its venture capital partner, ACT Venture Capital, for an undisclosed sum. ACT bought a 25% stake in Stockbyte in 1997 and a further 5% in 2000. Jerry Kennelly and his wife Johanna are now the sole shareholders.
Leslie Hughes has been appointed CEO of ImageState, Inc. and Group CEO Designate of the Company. She will be based in New York and operate predominately out of that city. Hughes had joined Elisar Software Corporation as CEO in May of 2003, but left in October to join ImageState. Elisar closed its doors on November 7th.
Veer has signed a definitive agreement to acquire Solus Images. Financial terms were not disclosed. The agreement marks Veer's second acquisition in just over a month. (The first was Jukebox Typeface Foundry of Hollywood, CA.) These two acquisitions demonstrate the company's commitment to expanding its business by bringing more of the content acquisition under its direct ownership or control.
a21, Inc. has announced that it has completed the due diligence process and signed a Definitive Agreement to acquire SuperStock. Financing is expected to be completed in 120 days. The due diligence process with nonstock to determine an acquisition price is continuing.
In this issue Hemera Images offers non-subscription downloads for $4.95 for 5 images and $.99 thereafter; Zefa changes management in The Netherlands, TrendWatch statistics; Index Stock wins award; Canon digital camera production; Kodak getting out of film; and suggestion for cashing Royalty Checks made out in foreign currency.
This addition has a report on Getty's third quarter revenue which uas up slightly on a down trend in number of items sold, and Getty's Adjustment of Search Results to put more emphasis on RM. In addition there are senior staff changes at Corbis, and stories on Performance Bonds, the Property Release Dilemma and several stories on RF's Impact on Stock Revenue and the future implications of RF.
Jose Azel's Independent Photography Network (IPN) has been sold to VNU Corporation, parent company of PDNOnline. PDN will operate the new portal that will be at www.IPNstock.com as a service to photographers and stock agencies and an extension of its mission to ''serve the photo community''. PDN does not intend to become an agency itself.