Video Production For ISIS

By Jim Pickerell | 106 Words | Posted 11/25/2015 | Comments
This past weekend the Washington Post published a detailed insider view of the ISIS propaganda machine that should be of interest to everyone engaged in editorial journalism. The writers – Greg Miller and Souad Mekhennet – were able to interview a number of ISIS videographers and production people who had worked for ISiS in the contested territory and were later able to escape back to their home countries.

Tandem Stock, A Business Model Clients Seem To Like

By Jim Pickerell | 2745 Words | Posted 11/20/2015 | Comments
Many stock agencies are consolidating and downsizing, but not Tandem Stock. Founded in 2010, they have been growing at an average rate of 45% per year. Specializing in Outdoor photography, they currently have a tightly edited collection of 115,000 images from 930 contributors. They have discovered that the needs of their clients are extremely specific and they specialize in supplying images that cater to those needs.

Kelly Thompson Joins 500px as Head of Marketplace

By Jim Pickerell | 204 Words | Posted 11/20/2015 | Comments
500px has announced that industry veteran Kelly Thompson has joined 500px as Head of Marketplace. Thompson will oversee the development of new products to service the company’s growing number of advertising agency and large brand enterprise accounts, as well as the servicing of the company’s base of self-service marketplace customers.

Roadmap To Success

By Jim Pickerell | 637 Words | Posted 11/17/2015 | Comments
One of the most useful seminars at PhotoPlus Expo this year was the “Your Roadmap To Success” presentation by Judy Hermann. Judy is a past president of the American Society of Media Photographers (ASMP), served as an Olympus Visionary for 10 years and was awarded the United Nations International Photographic Council’s Leadership Award for her work as an educator and industry advocate.

RM vs RF: Which Strategy Generates The Most Money?

By Jim Pickerell | 1478 Words | Posted 11/16/2015 | Comments (1)
Photographers with a goal of maximizing earnings from the images they produce, and who continue to insist that in order to realize that goal their work must be licensed as Rights Managed (RM), may need to consider the new realities of the stock photo business.

Envato Moving To U.S.

By Jim Pickerell | 280 Words | Posted 11/16/2015 | Comments
Envato, an Australian company that has provided resources and educational services to the graphic design community since 2006, has announced that it will expand its operations to the United States in 2016.

Getty Getting $90 Million From Bond Investors

By Jim Pickerell | 526 Words | Posted 11/13/2015 | Comments
According to Bloomberg, Getty Images has found a way to raise a net $90 Million in an effort to revive its “Midstock” business.

Photography: Business vs Means of Self-Expression

By Jim Pickerell | 910 Words | Posted 11/11/2015 | Comments
Photography has become much more of a means of self-expression than a business. That’s not necessarily a bad thing unless you are trying to earn your living from the images you produce.

Editorial Market Change

By Jim Pickerell | 466 Words | Posted 11/10/2015 | Comments
Recently, a European asked me how the editorial market for photography has changed in the U.S. the last 10 years. First, gross revenue for U.S. newspapers has declined about 60% from $49.3 billion in 2006 to $19.9 billion in 2014. As revenue has declined the space for editorial content, including pictures, has declined.

Copyright And Congress

By Jim Pickerell | 194 Words | Posted 11/10/2015 | Comments (1)
Since 2013 the House Judiciary Committee of the U.S. Congress has been engaged in a comprehensive review of the current Copyright Act. It has held 20 hearings and heard from 100 witnesses.

Masterfile Struggles

By Jim Pickerell | 1361 Words | Posted 11/9/2015 | Comments
For decades Masterfile has been a leading provider of stock imagery to advertising, design and corporate communications. The company represents the work of many of the worlds leading image producers. Its collection is well edited and its website offers very efficient search. Currently, more than 70% of the company’s revenue comes from sales in North America and more than 80% comes from the advertising, design and corporate communications segments of the market that presumably need the highest quality work and have the budgets to pay for it.

Corbis Cutting Staff By 15%

By Jim Pickerell | 232 Words | Posted 11/6/2015 | Comments
Bloomberg has reported that Corbis will be cutting about 15% of its staff. The information came from an internal memo sent to employees by CEO Gary Shenk, and obtained by Bloomberg.

Shutterstock Reports Q3 Results

By Jim Pickerell | 1327 Words | Posted 11/5/2015 | Comments
Today, Shutterstock reported $107.3 million in revenue for Q3 2015, a 28% increase over Q3 2014 and up nearly $3 million from the previous quarter. The increase was primarily due to a 22% increase in the number of paid downloads compared to a year earlier.

iStock Small Monthly Subscriptions; Higher Royalties

By Jim Pickerell | 623 Words | Posted 11/4/2015 | Comments
In an effort to compete with AdobeStock, at the end of August iStock began to test an offering of Small Monthly Subscriptions with 10 and 25 download limits. The rates for 10 downloads are $40 for Essential (non-exclusive) images and $99 for the images contributors have supplied exclusively to iStock.

Adobe Stock Answers Questions

By Jim Pickerell | 828 Words | Posted 11/3/2015 | Comments
Recently, I asked AdobeStock a number of questions about their operations. Their answers can be found below.

CueSongs Names Luke Vines COO

By Jim Pickerell | 394 Words | Posted 11/3/2015 | Comments
CueSongs today announces the appointment of Luke Vines as Chief Operating Officer. Vines will begin the role with immediate effect, reporting directly into Christina Vaughan, CEO of CueSongs.

Diomedia Historical Calendar

By Jim Pickerell | 581 Words | Posted 11/2/2015 | Comments (1)
Diomedia has developed an interesting way to use mobile devices to promote its historical collection. The Diomedia Historica (enter Historical Calendar at the App Store) to get the free app.

The Future Of Corbis

By Jim Pickerell | 537 Words | Posted 10/30/2015 | Comments
Rumors were flying in New York last week that Corbis may be sold. The rumors are that Shutterstock is interested in purchasing Corbis. The consensus seems to be that Corbis’ gross revenue is in the range of $100 million down from $225 in the mid-2000s. It is believed that about half of the gross comes from editorial and the other half from creative. (These figures may not include the rights clearance part of Corbis’ business.)

Take Aways From Photo Week

By Jim Pickerell | 1132 Words | Posted 10/30/2015 | Comments (2)
I just returned from the annual “Photo Week” in New York – two days at PhotoPlus Expo, two-and-a-half days at the DMLA annual conference and one day at Visual Connections. Here are a few take aways.

Releases: Why And When You Need Them

By Jim Pickerell | 66 Words | Posted 10/30/2015 | Comments
Nancy E. Wolff, Counsel for the Digital Media Licensing Association (DMLA) has written a very clear and detailed explanation of Why and When image creators need releases that was recently published on the American Society of Picture Professional (ASPP) website. Anyone planning to license pictures of people, and in some cases object and other property, should be familiar with this information. Read the article here:

Color Trends From Shutterstock

By Jim Pickerell | 107 Words | Posted 10/30/2015 | Comments (1)
Shutterstock's data team has identified the fastest growing colors over the past year by matching pixel data with image download behavior from our customers including brand marketers and creative professionals around the world.

GDUSA Annual Survey Of Image Buyers Use Of Stock

By Jim Pickerell | 186 Words | Posted 10/23/2015 | Comments
The results of the Graphic Design USA annual stock survey are now available online.
Check it out. Be sure to read the extensive comments of Graphic Designes that provide some important insights into what image creators should be producing, and stock agencies should be doing to provide better search ability of their collections.

Pearson’s Share Price Falls 17%

By Jim Pickerell | 416 Words | Posted 10/22/2015 | Comments
Pearson has cut its full-year guidance to investors in a dire warning about the continuing "cyclical and policy-related factors which have been hurting our markets for some years."  Its share price fell almost 17% to a value of $14.54 in New York. The company’s ADRs are now down 30.7% over the past six months.

Getty’s Lean In Collection Now Available On iStock

By Jim Pickerell | 215 Words | Posted 10/22/2015 | Comments
Getty Images has announced the expansion of its Lean In Collection to incorporate positive gender images in an effort to disassociate itself from stereotypical stock photography. The 1191 images are available at "Signature Collection" prices of three credits.

Why Does Information Have To Be Free?

By Jim Pickerell | 1305 Words | Posted 10/21/2015 | Comments
What amazes me is why all the smart people in the publishing world think they have to give away all their information when they put it on the Internet. In theory if you get enough “eyeballs” then you can sell more ads and the revenue from the ads will cover your costs and generate a profit. But, that theory is not working.