This article is a reprint of a Washington Post Sunday Magazine story that explores the issue of, ''Why has Bill Gates stashed millions of the greatest images of the 20th century under a mountain in Pennsylvania?'' Writer Mary Battiata visited the site.
According to the Puget Sound Business Journal followers of Corbis believe a public offering may be in the planning stages. VP Jennifer Hurshell said ''We haven't ruled out categorically diversifying ownership, but we have no plans at this time.''
Getty reported second quarter 2003 revenue of $127.7 million, down slightly from the $130.3 million in first quarter 2003. Net income was $0.23 per diluted share. There was a significant shift in RF/RM sales mix in the direction of Royalty Free. The company expects revenue in the range of $505 million to $515 million for all of 2003.
Think RF prices are too low? Some photographers who shoot RF for Getty brands are finding that sales reports show single image licenses of over $1,000 and others in the $850 and $650 range. How's that possible? Nobody has list prices for single images that are that high!! Find the answer in this story.
The NFL intends to close its publishing office and its still photo library, NFL Photos, by the end of the 2003 football season. Both Getty and Corbis have expressed some interest in taking over the operation, and other options are being considered. All the images are owned by the hundreds of photographer that NFL Photos represents.
The Japanese company, Amana, that markets the Photonica brand in the West has launched a new brand called Iconica. Iconica images, while contemporary, are much more illustrative and subject based than the typical conceptual Photonica image. They are more focused toward classic concepts and explore metaphors and ideas. Iconica also has a new model for handling exclusive licenses.
ImageState has appointed Michele Vitucci as its Chief Operating Officer. Vitucci was formerly Managing Director of Getty Germany and Getty Europe. ImageState also announced that the Company is still losing money and that further cost reductions coupled with revenue growth are required to achieve breakeven.
This story lists leading stock agencies and divides them into three categories -- those that I believe have annual gross revenue in excess of $20 million; those with revenues between $5 million and $20 million and those with revenues between $1 million and $5 million.
This issue contains stories on: A21 to Acquire Superstock, RF Metamorphosis, Zefa Moves to London, Marketing Images in Japan, Image State Revenue Down, Stock Boston Strategy, CEPIC 2003 Congress, Rex and Olycom Partner, New Release from Hemera, Getty Assignment Program, Corbis Royalty Payments, Print and Prepress Trends, Color Management and Keywording and Broccoli.
This issue has stories on: Photobuyer Survey, Print and Prepress Demand, Color Management, New Release from Hemera, Getty Acquires Celebrity Brands, Corbis Royalty Payments and UK Press Complaints Commission Found Wanting By Consumer.