Contributors to 500px Marketplace are finally learning what Visual China Group (VCG) has planned for them. VCG has just sent them a message outlining some “major enhancements” that are coming. “ “These changes will help maximize your potential earnings by positioning your content at the
right price and with the
right distribution. Starting July 1st, 2018, we’re offering our community an
exclusive opportunity to work with our newest global distribution partner, Getty Images,” the message says. (emphasis mine)
Last week I published information about
Technavio’s new market research report. While I had not read the full report, I pointed out that I disagreed with some of the conclusions provided in the press release.
In 2016 a massive flash flood raced down the main street of Ellicott City, Maryland. It was called a “thousand-year flood” given the unique characteristics that set it in motion. On May 27, 2018 the flow that supposed to only occur once every 1,000 years struck again. Photographer Max Robinson gets classic footage and Fox News uses it without permission.
Getty has just sent out an email to its customers promoting its Creative Royalty-Free Imagery. When you click on
View All Creative Images you find that there are 16,844,390 images in the Creative RF collection. There are also 6,590,271 "Creative RM" images in the total Creative Collection.
agefotostock has appointed Yolanda Sandoval as Business Development Manager for the News & Press area of the company following the launch of their new website that simplifies their business into
three primary business areas, Press, Creative and Economic imagery. Economic imagery was formerly referred to as Creative Stock photography. Sandoval will work out of the Madrid office.
After years of Shutterstock taking market share from Getty, it seems that the two have achieved a state of relative parity with regard to gross revenue generated from the licensing of still images. Customers no longer seem to be leaving Getty because its prices are too high. In fact, Getty seems to be charging selected customers less per-image than what Shutterstock would charge them. Where AdobeStock fits in is unclear, but for the time being each seems to have a customer base that favors them. There does not seem to be a lot of movement of customers from one to the other.
The General Data Protection Regulation, GDPR, that goes into effect on Friday, May 25, 2018 will require companies that do business in the EU to provide a form to the companies that they are dealing with. It is not clear if it is necessary to supply such a form to each and every individual that a company deals with. A survey by
CompliancePoint shows that 76% of U.S. businesses are not prepared for the enforcement deadline. (Check out
previous story.)
Arcangel Images has sent the following message to the photographers it represents. “Again, we ask all photographers not to split rights-managed photoshoots between libraries or submit to other outlets near identical RM images to those held by Arcangel. Aside from devaluing your work, this can and will lead to major licensing conflicts. This not only affects our reputation as a supplier of high-end imagery, one which has taken almost twenty years to build but can be costly for the photographer, as they may be liable to pay legal and re-printing costs.”
London based,
Technavio has published its 2018 report on the global still images market. The report estimates that the market will grow at a CAGR (Compound Annual Growth Rate) of approximately 8% during the period 2018-2022.
The report is available at a
discounted price of $2,500 and is said to “provide an analysis of the most important trends expected to impact the market outlook. In addition, it offers an up-to-date analysis of the market concerning the current market scenario, latest drivers, and the overall global environment.”
Bridgeman has announced the acquisition of
Lebrecht Photo Library, the world’s largest image bank for music and related arts, with a collection of over 400,000 specialist images. Lebrecht is the world's most comprehensive image bank for every kind of music ever created - classical music, jazz, opera, rock music, musical instruments, notation, Broadway musicals, dance and ballet. It also has an extensive archive for literature and historical personalities.