I’m getting a lot of requests from Corbis photographers that basically ask, “What should I do now!” Indications are that fewer than 20% of Corbis photographers will be offered Getty contracts. The actual number may be significantly less. Knowing who will and won’t be selected may not happen quickly. This story offers more thoughts on what's likely to happen and offers options for photographers to consider
Increasing numbers of stock photo buyers seem to be deciding that ever larger collections of images are not for them. At least as a first stop. The big question is finding an alternative since most of the better known sites – both microstock and traditional – are racing to add more images. <br />
It may be time for stock shooters to take another look at Image Brief
. It started out as a place where customers would go to list a brief explaining the kind of imagery they needed for their next project.
, Inc. has announced an exclusive global syndication deal with BFA
, a leading lifestyle, fashion, art and entertainment content creation agency. Over 1.7 million editorial images in the BFA collection will now be available to Shutterstock’s Premier customers, which include some of the largest marketing communications companies and publishing houses in the world.
have recently posted information on tends they have spotted that they think will continue to build in 2016.
Adobe Stock has added over 100,000 4K video assets to its current collection of over one-million video assets. The site also offers over 45 million images and graphics. This story shows how that compares with other footage providers.
returns to Chicago on Thursday, May 5th to stage another networking and education event for art buyers and researchers who need images and footage. The venue will be the conveniently located Ivy Room at Tree Studios.
As microstock agencies race to grow their collections, there is an increasing demand for people to review submissions. Reviewers are expected to review 30,000 images a month, but according to one source the average tends to be around 40,000. Some of the more experienced are able to review close to twice the average.
In a previous story, I came to the conclusion that the Corbis properties VCG purchased probably generated in the range of $60 million in 2015
. Does that mean that after experiencing steadily declining Premium and Midstock revenue for several quarters Getty is likely to have a $60 million increase in 2016? I think the answer is No. Here’s a dozen reasons why.
Fashion photographers beware! Much of your market is about to disappear. Why bother dealing with temperamental photographer and models when customers can hang the clothes on a mannequin and give the mannequin a human looking body and expression with Photoshop. That’s what Looklet
If you’re a photographer who licenses your work as RM because you believe that’s the way to earn the most money (or a reasonable fee) when your pictures are used, it’s time to take a look at Offset. Many photographers are so opposed to microstock and subscription that they refuse to consider anything connected in any way with Shutterstock. If it is a Shutterstock initiative then it must be bad.
The good news for Corbis photographers is that there will be no third cut before their royalty share is calculated. However, there are still a number of issues that aren’t clear. This story offers some additional clarifications and insights and a number of questions that are still unclear and need to be answered.
If you produce footage you might want to check out a couple of new sights. The first is the Stock Footage Newsroom
where there are short summaries and links to full articles produced by Footage.net. This site will keep you up to date with what is happening at as number of footage distributors. The other is B-rollStock.com
In the UK photographers can receive royalties when someone photocopies a page from a magazine or book that contains their image. In December the EPUK discussion group reported that REX Features, a UK editorial agency purchased by Shutterstock a year ago, misrepresented its right to collect certain monies from DACS
on behalf of some of its photographers and falsely reported to the photographers what it had received from DACS. The full story is available here
VCG acquired parts, but not all, of Corbis’ assets. To understand what this means for the industry, it is important to have some idea of the amount of revenue the acquired assets generated in 2015? For a long-time Corbis has been thought to be the third largest seller of stock photography in the world after Getty and Shutterstock. If this is true, then how much does the combination of a significant part of the Corbis collection with Getty Images change the industry?
Getty Images has introduced Ultra Pack pricing which effectively lowers prices on all premium creative Royalty-Free images, Editorial images and Videos by between 8% and 31%. The only images not affected by this price reduction are RM.
The tedious process of uploading images for consideration by iStock is about to get much easier. On February 7th Kasper Ravlo will be launching a new tool called Q-hero
. The average time to submit a file for review will drop from over one minute per image to less than 1-2 seconds. Instead of being the slowest site for image submissions, iStock will become the fastest.
Shutterstock is not making enough money so they have decided to lower the royalties paid for Enhanced Licenses. Here's what it means for image creators.
In an effort to make it easier for more people to use Shutterstock imagery the company is partnering with Optimizely
. By integrating Shutterstock’s newest API
directly into their platforms, customers of these organizations will be able to easily search, preview, and license from the Shutterstock collection. Contributors will earn a royalty each time an Optimizely or Sprinklr customer licenses one of their images.
Corbis and Visual China Group (“VCG”; Shenzhen Stock Exchange:000681.SZ) today jointly announced that Unity Glory International Ltd. (“Unity Glory”), an affiliate of VCG owned by VCG’s major shareholders, has acquired the assets and brands of Corbis’ Images division, one of the world’s leading image archives and content licensing businesses. VCG is China’s leading visual communications and new media company and among the largest businesses in the image industry worldwide. Financial terms of the agreement were not disclosed.
Recently, I found a list on Pond5 of popular keywords customers use to find videos. Earlier this month I published a similar list that Videoblocks
had sent to its contributors a few months ago. I decided to search Pond5
for each of these words and record the number of returns. You’ll find the results in the chart below.
More images are not the answer. The industry needs to find a better way to present the images already in databases for customer consideration. Customers find it harder and harder to dig out the right image for their needs from todays large databases. That doesn’t necessarily mean that the right images aren’t there. It’s just that customers do not have time to search through all the available options.
is in the process of creating a collection of video clips that can be offered through low priced subscriptions. Contributors have the option of nominating their low-selling files for inclusion in the collection and will receive a minimum monthly royalties of $0.50 per item for every clip in the collection, regardless of downloads and usage.
is changing. It is spinning off the right clearance aspect of its business known as Greenlight
and renaming it Corbis Entertainment
. It is our understanding that the rest of the company including Creative and Editorial licensing will be sold off and to some degree dismantled. It is unclear to whom these operations will be sold or exactly how the dismantling will occur, but more information is expected to be forthcoming later this week.
Last week we posted a story “iStock/Shutterstock Comparison
”. Since then there have been some very informative comments on Microstockgroup
. You can find a link to these comments at the bottom of my story, or you can find them here