When it comes to digital file size Bigger is usually considered Better. But, there are some down sides to always trying to offer the customer the largest possible file. This issue is explored in this article.
This story explains the differences betweeen Image-Exclusive and Non-Exclusive and the photographer's rights in each case. It also discusses how a ''Similars'' definition affects value in an Image-Exclusive relationship.
In the spring, PACA surveyed photographers in an effort to get a sense as to how the picture agency community could better serve photographers. This article details the results.
This article explains why sub-agents will continue to play an important and necessary role in the licensing of images marketed on the Internet. Many photographers think the Internet will make it possible to eliminate the middleman. This will not happen.
Stories in this issue include: Getty Call Center Statistics, Getty Pricing Strategy, Usage Fees Rising at Stock Connection, Cost of Credit Card Sales, Webshots Update, Boston Globe Update, AntiquesPortfolio Case in U.K., and new Managing Director at BIF in Mexico.
With Corbis offering 45% on commercial sales and 50% on editorial sales, and offering to eliminate catalog fees, I have prepared a comparison to show how photographers might benefit if Getty were to match these rates.
Getty's 2nd quarter shows flat revenue growth after an outstanding 1st quarter. Total sales were $123.6 million up from $104.8 million in the 1st quarter. However, this was the first full quarter that included VCG revenues which should have been approximately $22.5 million based on 1999 figures.
The new Corbis contract has been released. The good news is that royalty percentages are up for photographers, no dispute over photographer copyright ownership, no future catalog fees, options for image-excluive and image non-exclusive contracts, monthly payments and more. Also still a few problem areas of concern. Details of interest to photographers and other agencies.
Direct Stock has secured a seven figure venture capital investment from Stonehenge Capital Corporation to reshape directstock.com into an operation that can compete with Getty and Corbis for on-line sales.
Stories this month include: Stone Photographer Income Growth, Photographers Win On Copyright At Corbis, Outstanding 1st Quarter At Getty, Online Use, Getty/Geographic Deal, Freelances Sue Boston Globe, New Business Week Contract and Rates and other short items.