McKay Exits Getty Images to Teach

By Julia Dudnik Stern | 85 Words | Posted 9/25/2007 | Comments

BBC Motion Gallery, Ricall Pair Footage with Music

By Julia Dudnik Stern | 176 Words | Posted 9/25/2007 | Comments
Online U.K. music-licensing company Ricall and BBC Motion Gallery have reached an agreement to cross-promote each other's product lines. Ricall's inventory contains 4 million tracks, including all of the U.K.'s top 40 and the U.S.' top 100, as well as independent music. BBC's archive, which contains more than 500,000 hours of footage.

ZUMA Press Reps LA Daily News Images

By Julia Dudnik Stern | 185 Words | Posted 9/25/2007 | Comments
ZUMA Press, a California-based photojournalism agency, is now representing the daily photographic production and archive of The Los Angeles Daily News.

New Business Model - Issue 8

By Jim Pickerell | 684 Words | Posted 9/25/2007 | Comments (1)
Buyers want a simple, easy-to-use pricing system that allows them to use any image they can find at a price they can afford. None of the existing pricing systems adequately addresses this issue.

Alamy Challenged to Explain Novel Use

By Julia Dudnik Stern | 103 Words | Posted 9/24/2007 | Comments

InformationWeek Hails Getty's IT Innovation

By Julia Dudnik Stern | 311 Words | Posted 9/24/2007 | Comments
InformationWeek has ranked Getty Images seventh in its list of 500 most innovative corporate users of information technology. Getty Images is the highest-scoring company in the media and entertainment category.

New Business Model - Issue 7

By Jim Pickerell | 426 Words | Posted 9/24/2007 | Comments
Because value received should be the basis for pricing image use, just as it is for pricing uses in these other areas of commerce. When a customer asks why you charge them more than you're charging "X" to use a particular image, the answer is that in your judgment, the customer is receiving more economic benefit.

New Business Model - Issue 6

By Jim Pickerell | 456 Words | Posted 9/21/2007 | Comments (1)
The explosion of growth in content means the average return per image (RPI) will fall. However, it is no less expensive to produce images than it used to be. In the last four years, Getty's gross revenue from still-image licensing has grown about 50%, but not nearly as fast as the number of images added to the collection. As a result, image suppliers must produce more images each year just to stay even.

BigStockPhoto Unveils New Features

By Julia Dudnik Stern | 91 Words | Posted 9/21/2007 | Comments

diverseimages Focuses on Filling Market Gap

By Julia Dudnik Stern | 95 Words | Posted 9/21/2007 | Comments

About Michael Masterson

Michael Masterson has a broad range of experience in marketing, business development, strategic planning, contact negotiations and recruiting in the photography, graphic design and publishing industries. In addition to his long experience at the Workbook and Workbookstock, Masterson owned and was creative director of his own graphic design firm for several years.

Masterson has been a speaker or panelist at industry events such as Seybold, PhotoPlus Expo, Visual Connections and the Picture Archive Council of America (PACA) national conference. He is currently the national president of the American Society of Picture Professionals (ASPP). He also serves on the board of the Silver Lake Neighborhood Council in his Los Angeles community. He chaired the marketing committee for the Los Angeles Conservancy, a historic preservation advocacy group, for many years.

He currently heads Masterson Consulting, working on projects ranging from business development for creative companies and sourcing talent for them to promoting and marketing industry events as well as providing resume and professional profile services for job-seekers. He can be reached at zvpunryqznfgrefba@tznvy.pbz.