High-Level Thoughts On Stock Industry

By Jim Pickerell | 1831 Words | Posted 12/2/2016 | Comments (1)
An investment portfolio manager recently asked me to spend five minutes giving my “high-level thoughts on the (stock photo) industry outlook, competitive dynamics and emerging trends.” I couldn’t do it in anywhere near five minutes. Here are my high-level thoughts.

Splash Sold Again

By Jim Pickerell | 228 Words | Posted 12/2/2016 | Comments
Celebrity photo agency Splash News was sold to Corbis in 2011 and has now been acquired by SilverHub Media. SilverHub Media recently did an exclusive deal with Shutterstock for worldwide representation of the images in its collection. Thus, the Splash images should now be available through Shutterstock.

Sherman Grinberg Film Library Joins Footage.net   

By Jim Pickerell | 442 Words | Posted 12/1/2016 | Comments
Footage.net, the stock, archival and news footage search engine, has announce that preview clips from the Sherman Grinberg Film Library are available for viewing through Footage.net.

Emaji Acquires 86.6 Percent Of Frampool

By Jim Pickerell | 366 Words | Posted 11/30/2016 | Comments
Emaji, Inc. a publicly traded development stage company based in Irvine, CA has announced the acquisition of 86.6 percent of the outstanding shares of Framepool AG (www.framepool.com), a leading distributor of stock footage with headquarters in Munich, Germany.

Image Supply: Are There Problems?

By Jim Pickerell | 949 Words | Posted 11/28/2016 | Comments (1)
Many Shutterstock investors see the steadily rising number of images in the Shutterstock collection and the number of new content creators being added each quarter and come to the conclusion that there is no problem on the supply side of the stock photo business. But, having more and more product is not enough. It needs to be the right product that fulfills the customer’s needs. And the right images need to be easy for each unique customer to find.

Bridgeman Images To Represent The British Library

By Jim Pickerell | 181 Words | Posted 11/28/2016 | Comments
Bridgeman Images is proud and excited to have won the tender for the exclusive representation of the British Library content in the UK. Bridgeman Images has worked for the British Library for many years across all our offices. We are delighted to have been appointed for all commercial and editorial licensing with the exception of branded products and scholarly uses which will remain with the British Library.

Black Friday

By Jim Pickerell | 127 Words | Posted 11/25/2016 | Comments
Let’s see if we can sell a few images for less. Check out the offers from Deposit Photos, 500px, ImageSource and Dreamstime.

Getty Unification Delay

By Jim Pickerell | 581 Words | Posted 11/25/2016 | Comments
A month after the Getty’s initial announcement of its Unification Project Getty has announced that “Due to the complexity of the work required (in the iStock Royalties and Unification Project) we are pushing back most of the changes by about a month.”

Haystack: New Image Search Strategy

By Jim Pickerell | 740 Words | Posted 11/23/2016 | Comments
In an effort to make it easier for art directors to find the right image quickly Haystack has launched a site that lets users search multiple agency sites simultaneously. Andrew Rowat and technology developer Vache Asatryan created Haystack and call their site the kayak.com for licensing images. They have 19 collections on the site already and say they will be adding a number of additional agency sites in the near future.

Getty Unification: Image Ingestion

By Jim Pickerell | 607 Words | Posted 11/23/2016 | Comments
Once Getty’s Unification Project is fully implemented one of the issues Getty and iStock photographers will need to consider is where to upload new images in order to minimize effort and maximize sales and revenue.

Is Going After Unauthorized Uses Worth It?

By Jim Pickerell | 1966 Words | Posted 11/22/2016 | Comments (1)
After looking at their sales reports, an increasing number of photographers are deciding that it no longer makes sense to produce new images. At the same time, they are aware that many of the images that they produced years ago are being used very widely across the Internet without their permission. Some are saying, “Maybe, rather than producing new images, it is better to spend my time chasing infringements of the images I have already created.”

Big Data: Is Anyone In The Stock Industry Paying Attention?

By Jim Pickerell | 1511 Words | Posted 11/18/2016 | Comments
The buzz word in the world today is “Big Data” and how it is going to improve everything. But in the stock photo business are the major agencies are really examining the data they have collected? If they were I think they would be more worried about their future and doing a lot of things differently. I don’t see that happening.

Making Up For Declining Stock Photo Sales

By Jim Pickerell | 1142 Words | Posted 11/16/2016 | Comments
As I pointed out in a previous article I recently contacted a number of very successful photographers who, in the 90s, earned most, if not all, of their income from stock photography. After 2000, and despite a lot of continuing hard work and cost cutting, many saw significant earning declines and eventually had to look for something other ways to support themselves and their families.

Shutterstock Does Exclusive Deal With SilverHub Media

By Jim Pickerell | 424 Words | Posted 11/16/2016 | Comments
Shutterstock, Inc. has signed an exclusive deal to distribute SilverHub Media’s growing collection of imagery worldwide.

Cautionary Tale

By Jim Pickerell | 722 Words | Posted 11/15/2016 | Comments (3)
If you think hard work, and continuing to produce better and better images is all that’s needed to make money in the stock photography business, think again. Here’s the story of one very successful photographer who started in the business in the late 1970s and how the last 16 years have impacted his business.

PicturEngine Empowers Agencies, Designers and Photographers with One Search

By Jim Pickerell | 441 Words | Posted 11/14/2016 | Comments (1)
PicturEngine has gone public with a promotion to the 95% of design professionals that use stock photography. For the first time, buyers looking for a comprehensive all-in-one search tool can review and license photography from all industry sources – and get no duplicates.

Dissolve Launches New Footage Collections

By Jim Pickerell | 412 Words | Posted 11/11/2016 | Comments
Dissolve, the stock footage and photography provider, today announced the launch of three new premium stock footage collections, Dissolve Filmmaker™, Dissolve Auteur™, and Dissolve Elements™. The clips are available now for licensing and use in movie, TV, and commercial projects.

Free Image Use: Is It Indicative Of What Paying Customers Will Buy?

By Jim Pickerell | 516 Words | Posted 11/10/2016 | Comments
Dreamstime, with over 50 million stock images, and more than 16 million users has added 10,000 new images to its now 20,000 image library of free images available at www.dreamstime.com/free-photos.?? Dreamstime also uses artificial intelligence-driven data from its companion site Stockfreeimages.com to dynamically adjust recommended image content based on user preferences.

Getty Partners With ITN For Footage Distribution

By Jim Pickerell | 425 Words | Posted 11/10/2016 | Comments
ITN, the UK’s leading supplier of independent broadcast news has agreed a multi-year partnership with Getty Images, to license and distribute its award-winning news archive around the world from mid-2017. The distribution agreement will see over one million clips spanning more than 60 years of iconic news footage reach an even larger audience through Getty Images’ industry-leading global platform and expert international sales team servicing millions of buyers in nearly 200 countries.

What’s Next At Getty

By Jim Pickerell | 1057 Words | Posted 11/9/2016 | Comments
The Getty Unification Project that creates common platforms where both iStock and Getty Images contributors can upload their images and bring them into the Getty marketing system opens the door for a lot of potential new changes. If, or when, any of the following issues will come to fruition is unclear. But, Getty or iStock contributors and anyone considering offering images to either of these companies should consider the implications of these possible changes.

What’s Selling At ImageBrief

By Jim Pickerell | 279 Words | Posted 11/9/2016 | Comments
In a recent promotion ImageBrief sent out a link to its “What’s Selling” collection. This is a hand picked subset of sold images specifically organized for photographers who have asked for insights into the type of images clients are buying.

iStock Unification: What’s It Mean For Contributors?

By Jim Pickerell | 1584 Words | Posted 11/8/2016 | Comments
With Getty’s announcement in late October of the Unification Timeline that is due to take effect January 3, 2017 most iStock contributors have focused on the fact that the minimum guaranteed royalty for a subscription download would be $0.02.

Chasing Infringements

By Jim Pickerell | 915 Words | Posted 11/7/2016 | Comments (1)
ImageRights monitors use of the work of more than 8,000 professional photographers and photo agencies worldwide to assist them in ensuring that their intellectual property rights are protected.  Notable clients include Magnum Photos, CPi Syndication, Nunn Syndication Ltd., Playboy Enterprises, and Lickerish Ltd.

Shutterstock Q3 2016 Financial Results

By Jim Pickerell | 1711 Words | Posted 11/4/2016 | Comments
Shutterstock has reported Q3 2016 revenue of $123.1 million up 15% from $107.3 million compared to Q3 2015. The growth is due mainly to new customers and increased activity by enterprise clients. The average price per download during the quarter was $2.91, up from $2.76 in Q3 2015 and from $2.81 in Q2 2016. There were 41.2 million paid downloads in the quarter and 102.7 million still images and illustrations in the collection at the end of the quarter up 61% from 63.7 million a year ago.

Getty Launches Verbatim

By Jim Pickerell | 374 Words | Posted 11/3/2016 | Comments
Getty Images has launched a new commercial assignments venture, Verbatim and is dedicating focus, resource and its world-leading photo expertise to capture the opportunity within the commercial sector to bring authentic visual storytelling to the fore.