Shutterstock has reported Q4 2018 revenue of
$162.1 million up $6.7% compared to Q4 2017. (The comparison excludes the 2017 revenue from Webdam which was divested in Q1 2018.) The revenue was also up $9.5 million from Q3 2018. Revenue per download averaged $3.40 per image, compared to $3.33 in Q4 2017. (Much of this growth is probably due to increased sales of video content offered at much higher prices than still image content.)
CEPIC expresses its extreme disappointment at the EU copyright Directive as we see that last minute compromises were reached that will directly hurt CEPIC members specialized in fine art, history and vintage photography. Some of these libraries are attached to cultural institutions and contribute to their financing – this not only by “selling postcards” as the agreed compromise text implies.
An agent who has operated a small, specialist agency specializing in RM licensing for years contacted me recently and asked the following question. “I’m reworking (or trying to figure out) image pricing in bundle form (similar to OFFSET STOCK PHOTOS). I’m wondering if you’ve talked to them about whether their program might/might not be working?" Here’s my response.
Pearson has sold its U.S. schools course materials business to the private equity groups
Nexus Capital Management LP for $250 million. Nexus will pay an initial $25 million and a further $225 million by way of a vendor note due in the next three to five years for the business, which provides textbooks and resources for students from kindergarten to 12th grade.
Australian photographer
Lisa Saad has been accused of using other people’s photos to compete in, and win, various photo competitions in in Australia, the United States and other countries.
Shutterstock will report its fourth quarter 2018 numbers on February 26, 2019. If the last three years are any indication, it is unlikely that there will be much evidence of additional sales growth. I’ve put together a chart of quarter-by-quarter sales since the beginning of 2014. The chart offers some interesting insights, particularly in regard to what has been happening in the last three years since the beginning of 2016.
The European Parliament, the Council of the EU and the Commission have come to a political agreement to make the copyright rules fit for digital era in Europe. This will bring tangible benefits to all creative sectors including the press, researchers, educators, cultural heritage institutions, and citizens.
Spending for weddings in the U.S. in 2018 was down 4% from $25,764 in 2017 to $24,723 in 2018. The photography segment of this spending breaks down as follows according to The Wedding Report.
Kodak, now going by the name of
Kodak Alaris. has announced the sale of its PPF (Paper, Photochemicals and Film) unit as soon as March 2019. Just last month they promised to re-introduce
Ektachrome in 120 and sheet film later this year, but this week it was reported that they will be selling the company.
We missed the announcement last December that
Mint Images had signed a worldwide exclusive distribution agreement with Spaces Images to represent the over 15,000 images its collection. These images are now available for direct licensing from Mint Images, and through Mint’s distribution partners around the world.