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What’s the difference between User Generated Content (UGC) and stock photography?
When people talk about UGC they are usually referring to pictures that can be found on the web (mostly on social media sites) that “someone else” may want to use. If that someone else wants to use the image (and doesn’t want to steal it) then technically it becomes a stock photograph.
The interests of the multi-billion dollar social media sites and photographers may finally be coming together thanks to DMCA and imagewiki
. The safe harbor provision of the DMCA (Digital Millennium Copyright Act) says, “Online Service Providers (OSPs) cannot receive any financial benefit directly attributable to infringing activity.
” Thus OSPs cannot place ads on user generated content unless they can identify the image’s owner and use policy.
ASMP has responded to the April 24, 2015 U.S. Copyright Office Notice of Inquiry
, which set out to review “how certain visual works, particularly photographs, graphic artworks, and illustrations are monetized, enforced and registered under the Copyright Act.”
Subscription licensing is in for some dramatic changes. We know that a significant number of the images subscription customers download are used in the designer’s “creative process,” but never find their way into a deliverable end product. Traditionally, creators of all the images downloaded – whether used in a deliverable product or not – have received an equal royalty share of the revenue paid for the subscriptions.
has hired Scott Braut, formerly VP of Content at Shutterstock. He has been named Head of Content and will drive the company’s overall content strategy and operations for Creative Cloud
. Adobe says content is a strategic area of growth and focus as it builds a growing, strategic creative marketplace. Scott has over 20 years of experience in content licensing, product development, eCommerce, and digital media.
Shutterstock has released a new infographic
on Design and Emotion in Stock Photography.
Hong Kong based Super Image Market
launched in November 2014 has established a simple “Pathway” for making images available to customers rather that operating as a traditional agency or distributor. Contributors establish the license fee for each of their images on an image-by-images basis. SIM pays them 80% of every sale. (During the initial launch period until the beginning of 2016 contributors will receive 100% of every sale.)
has raised $13 million in a Series B round of funding. This round was led by Visual China Group
led this round with an $8 million investment. The other $5 million came from existing Series A backers that include Andreessen Horowitz, Harrison Metal, and ff Venture Capital.
will be adding a stock search aspect called MyMarketplace in the near future. Right now they are reaching out to their premium photographers to collect images for this service. It is unclear when the actual service will be available for buyers to search, but it will add stock search to the briefing and finding a photographer they can hire directly features they already enjoy.
(SSTK) was under heavy pressure Tuesday (-7.2%) after Morgan Stanley initiated coverage on the stock with an Underweight rating and a price target of $40. The company traded down 6.49% on Tuesday, hitting $52.33. About 6% (2,134,222 shares) of the company’s stock traded hands. Morgan Stanley analyst Dean Prissman said based on their proprietary AlphaWise study and bottom-up analysis, they believe Adobe's aggressive entry into Shutterstock's market is set to pressure growth.
The deadline for responses to the Copyright Office’s April 24 Notice of Inquiry
is rapidly approaching. ASMP needs more information from photographers about the problems they have encountered in protecting their copyright.
Visual China Group (VCG), the Getty Images representative in China, has resumed trading on the Shanghai Stock Exchange and Shenzhen Composite market in China. The stock closed at 27.52 RMB ($4.40) per share up from 25.02 RMB ($4.00) last week when trading was suspended.
Lately, I’ve been getting a lot of questions from investors trying to assess the stock photo industry growth potential and figure out where Shutterstock, Adobe and Getty Images are headed. In general here is what I’ve been telling them.
An increasing number of iStock’s most productive contributors seem to be pulling back on their production of new images. Of the 430 photographers and illustrators we have been tracking for more than four years only 34% have added more than 100 images to their collections in the last six months. That leaves two-thirds of this group of contributors who have added fewer than 100 images or removed images from the collection.
Since 2009 I have been tracking the image downloads of some of iStock’s leading contributors. Beginning in 2012 I increased the number of individuals tracked on a semi-annual basis to 430. While 430 is only a small percentage of iStock’s total contributors which number more than 100,000 combined this small group has at least 55,479,000 downloads and given the way iStock reports these numbers possibly as many as 58,416,000 downloads. I believe these numbers represent about one-third of all iStock downloads since the company’s founding in 2002.
Downloads for 430 of iStock’s leading contributors have continued their steady decline in the first half of 2015. Getty had hoped that the launch of iStock subscriptions
in April 2014 and the launch in September 2014 of a single price for images
, regardless of the file size needed, would turn iStock’s fortunes around and bring customers back from its competitors. Neither strategy seems to have worked.
, has altered its subscription plans to feature a monthly instead of daily quota of downloadable images, and is allowing the carrying over of unused downloads. The company says, “users will now effectively never ‘lose’ image downloads as unused downloads will roll over into the monthly quota amount, making Dreamstime the most convenient and flexible solution in the industry today.”
(https://picsbuffet.com/#) offers a new method of image search that allows users to easily, visually explore huge sets of images. The images are laid side by side in a “map style” format with similar images close to each other.
, a marketplace for digital services, and Getty Images, have unveiled a partnership that puts premium creative services in the hands of small and medium businesses (SMBs), empowering them to produce creative once only thought possible for large enterprises. Fiverr sellers, which include graphic and web designers, can tap into an unrivaled trove of the world's best images from Getty Images
to produce eye-catching ads, social content, fan pages, apps and just about any other creative design imaginable.
At its annual General Meeting (AGM), held this year in Paris member owned Magnum Photos
nominated six new members: a record breaking number. They include: Matt Black
, Carolyn Drake
, Lorenzo Meloni
, Richard Mosse
, Max Pinckers
and Newsha Tavakolina
(ASX: NWZ) is pleased to announce that it has entered a strategic partnership and content syndication agreement (Agreement) with Alamy
. Newzulu’s crowd-sourced news archive will be featured among Alamy’s collection of over 50 million images from which the platform has generated over US$154 million for its contributors in the last 15 years. Newzulu and Alamy will work together to generate revenue through the sale and licensing of Newzulu’s crowd-sourced content to Alamy’s editorial, creative and commercial clients worldwide.
Getty Images has been granted “interested party” status in the European Commission’s investigation into anticompetitive behavior by Google. Getty Images provides specialized image search and shopping services to end users in direct competition with Google.
Several of my readers have differing opinions with regard to the meaning of the term “no exchange of equity” as it appeared in Masterfile’s May press release
. I thought it meant that no money changed hands. I asked Steve Pigeon, CEO of Masterfile, for clarification.
has re-launched its free Pond5 plugin for Adobe® Premiere® Pro CC which gives editors instant access to nearly 5 million royalty-free video and audio clips.
. and Penske Media Corporation
(PMC) have agreed to form an alliance that will create and license entertainment and fashion images and videos to the world’s top media, publishing and creative companies. (Check out PMC brands