Microstock

Shutterstock Releases Background Removal Tool

By Jim Pickerell | 232 Words | Posted 10/9/2019 | Comments
Shutterstock has released a background removal tool as part Shutterstock Editor users can now easily remove the background from any image in the Shutterstock collection or their own images. (Shutterstock images must be purchased before they can be modified.)

Shutterstock Launches Reverse Image Search For Video

By Jim Pickerell | 361 Words | Posted 10/3/2019 | Comments
Shutterstock’s ongoing efforts to make the creative life of its customers easier continues with the launch of reverse image search for video. This new feature makes it faster than ever to find exactly the right video clip in Shutterstock’s footage library.

Making Money With RF

By Jim Pickerell | 333 Words | Posted 9/4/2019 | Comments
In response to my story RM Licensing No Longer Makes Sense Peter George Unger commented, “I have 9,200 images with Getty and every single one is RM. I am making on average $15,000 per year from them. Can you honestly tell me I can make more money than that on pathetic RF prices? for which they pay $0.25 cents per download. Which library would pay more then 15K on RF prices?

Storyblocks To Close Marketplace

By Jim Pickerell | 198 Words | Posted 8/13/2019 | Comments
Storyblocks will be closing the Marketplace segment of its business on September 10th and moving back to a subscription only offering. Contributors who have outstanding payouts will receive those payments sometime after September 10th even if the amount owed has not met the minimum payout requirement.

Shutterstock Q2 2019 Financial Results

By Jim Pickerell | 1346 Words | Posted 8/6/2019 | Comments
Shutterstock has reported Q2 2019 revenue of $161.7 million up 3% compared to Q2 2018 and down from $163.3 million the previous quarter. Revenue per download averaged $3.44 per image, compared to $3.41 in Q2 2018.?? Total image and video downloads for Q2 were 46.6 million, up from 45.2 million a year earlier, and down from 47.2 million in Q1 2019.

User Generated Content

By Jim Pickerell | 638 Words | Posted 7/31/2019 | Comments
Forbes Magazine has a story entitled “Move Over Stock Photos, It’s Time For User Generated Content.” There certainly is an increasing demand for User Generated Content (UGC) and the market is being flooded with it, but there are a lot of unanswered questions regarding how much it is likely to take over the stock photo market.

Risks Of Using Free Images

By Jim Pickerell | 552 Words | Posted 7/26/2019 | Comments
Free Images may not always be FREE. There are not only big legal risks for the users, but also potential time demands on users, creators and lawyers. Most users of Free images don’t recognize the risks they may be taking. One of the big questions for professional photographers is how to help those looking for free images to understand these risks.

Freepik Microstock Offering

By Jim Pickerell | 554 Words | Posted 7/26/2019 | Comments
Recently, I received a press release from Freepik.com. The name is a misnomer because not all the pictures on the site are free. They do have about 1,750,000 free vectors, icons and photos, all created or wholly owned by Freepik. In addition, they have over 4,185,000 Premium photos and illustrations supplied by about 8,000 individual creators and distributors of microstock. A little under half of the pieces of content are photos. The rest are illustrations, vectors and icons.

Should Stock Photographers Shoot Verticals?

By Jim Pickerell | 877 Words | Posted 7/15/2019 | Comments
In olden days when stock photographers were trying to produce images that might be used as covers or full page inside magazines it was advised that they turn the camera on its side and shoot verticals of as many situations as possible. But times have changed. Are verticals really selling today? Recently Robert Kneschke reported on his web site that he had reviewed 100 of his best selling images and not a single vertical was among the group.

Are Your Images On Getty Being Seen?

By Jim Pickerell | 603 Words | Posted 7/9/2019 | Comments
It is interesting to note that when we searched the 210 individual collections and recorded the numbers in each the total came to 28,591,367. However, if you go to the site and search for all images you are only shown 26,240,654 images. For those who haven’t tried this you can simply go to gettyimages.com, enter any keywords and hit return. When the return come up with the “Filter” option on the left hand side of the screen remove the keyword, leave the search bar blank and click again. Now, you will be shown all the images for the “License Type” you have requested. Be sure the “License Type” is set on RF or RM. Then you can go to “Collections,” choose the one you want and see all the images in that collection.

iStock Facebook “Private” Group

By Jim Pickerell | 518 Words | Posted 7/4/2019 | Comments
A number of iStock contributors interact on the Facebook “private” group for iStock. In reviewing comments and complaints for the last couple years there seems to be general agreement that sales started to decline in late 2018 and the decline has continued into 2019. This is compared to what sales were in 2017 and early 2018.

Shutterstock Enterprise

By Jim Pickerell | 891 Words | Posted 7/3/2019 | Comments
One of the big questions about Enterprise sales at Shutterstock is “Why do big customers want an Enterprise deal?” On average Enterprise customers are paying more per quarter than E-commerce customers. What additional services do they get? In 2018 Enterprise customers generated about 40.9% of Shutterstock’s total revenue, or about $254.8 million. The average Enterprise customer pays Shutterstock $6,370 per year, but they could be getting 750 images per month for $2,388 a year. Maybe they are using a lot of video at $63.16 per clip, but there must be other benefits justifying the paying of the much higher fees.

Free Images For Sketches, Internal Presentations And Pitches

By Jim Pickerell | 663 Words | Posted 6/27/2019 | Comments
A reader asked,  “Is it known how much money is lost when premier and enterprise customers are able to get high resolution images that they use for sketching, internal presentation or pitches at subscription prices and only pay for the ones they use in print?”? The answer if NO. Nobody had any idea, or is tracking, of how many images are used in this way compared to how many are actually used in delivered products. But, we do offer some related data of the loss through subscriptions compared to licensing based on use.

Who Are Macrostock Sellers

By Jim Pickerell | 1076 Words | Posted 6/11/2019 | Comments
A reader asked, “In the article written by Martin Lisius (Microstock-The Dark Side Of Image Licensing) he refers to non micro agencies as a possible answer to the low prices that photographers receive. When I search under the heading of macro stock on your site about the only name that comes up is Getty.  Do I understand this correctly?”

Dreamstime’s Case Against Google Continues

By Jim Pickerell | 539 Words | Posted 6/10/2019 | Comments
In an opinion issued June 5th federal Judge William Alsup of the U.S. District Court for the Northern District of California granted only one part of Google’s motion for partial final judgment on the pleadings regarding the breach of contract and breach of implied covenant claims by Dreamstime.com that relate to a Google Play agreement.

Analysis Of Portfolios At Fotolia And Adobe Stock

By Robert Kneschke | 1288 Words | Posted 6/10/2019 | Comments
A few months ago, I evaluated which countries most Shutterstock providers come from. Today, there should be some similar analysis of Adobe Stock's data, or Fotolia, because although the portfolios on both websites are identical, Adobe Stock will unfortunately see less information about it.

Which Countries Do Shutterstock's Pictures Come From?

By Robert Kneschke | 827 Words | Posted 6/10/2019 | Comments
A few weeks ago, the publicly traded image agency Shutterstock had released its second-quarter 2018 business figures. Among those figures, there was also the remarkable 204.2 million images Shutterstock currently offers. 41% of these were added in the last year alone. On my Facebook page there was a lively discussion afterwards, regarding exactly where  these many millions of pictures come from.

Getty Images And APO Group Announce Strategic Partnership

By Jim Pickerell | 634 Words | Posted 6/3/2019 | Comments
Getty Images, and APO Group, a leading media relations consultancy and press release distribution service, have announced a wide-reaching collaboration to promote integrated text, photo and video solutions to organizations operating across Africa and the Middle East.

‘Topic Collection’ To Be Launched On PIXTA Website

By Jim Pickerell | 290 Words | Posted 5/30/2019 | Comments
Topic Images in Korea has announced to its suppliers that will be launching its ‘Topic Collection’ on the PIXTA website in an effort to deliver better sales and service to their partner agencies and offer a broad range of quality contents to its customers. Topic was acquired by the Japanese agency PIXTA in 2017.

EyeEm No Longer Subsidizing Getty Sales

By Robert Kneschke | 1153 Words | Posted 5/27/2019 | Comments
A few years ago EyeEm decided to guarantee its photographers a minimum compensation for each image licensed through the Getty website regardless of what they received from Getty. Over the years they have steadily lowered that minimum and with the last sales report they have finally dropped the idea of a guaranteed minimum royalty. This article explores what happened.

Can Shutterstock Grow It’s Enterprise Business?

By Jim Pickerell | 534 Words | Posted 5/15/2019 | Comments
One of the big questions for Shutterstock is whether they can continue to grow the Enterprise segment of their business and how important that is to the eventual success of the company. In 2016 and 2017 they touted the success of Enterprise, but over the last 12 months Enterprise growth has been slowing and sales overall seem to be flattening.

Shutterstock Launches Self-Serve API Subscriptions

By Jim Pickerell | 421 Words | Posted 5/9/2019 | Comments
Shutterstock has announced the launch of its new self-serve API subscription plans. For the first time, developers, startups, and small and mid-sized businesses can build products and features that seamlessly integrate Shutterstock’s image collection and enable in-app image reselling, providing an additional revenue stream for customers when their end-users license and download images.

Another Look At The Market In China

By Jim Pickerell | 643 Words | Posted 5/2/2019 | Comments
The stock photo market in China may be bigger, and more lucrative than many people think. Gaopin Images tells Selling Stock that their average gross sale to Chinese customers in 2018 was $35, 17% more than what Getty is earning worldwide and 44% more than the gross China sales Getty is reporting to its contributors.

Shutterstock and AP Renew Multiyear Distribution Deal

By Jim Pickerell | 229 Words | Posted 4/23/2019 | Comments
Shutterstock, has announced the renewal of its agreement with The Associated Press (AP) to distribute AP’s daily global photo output for license to customers based in the U.S., U.K. and Ireland.

Another VCG Update

By Jim Pickerell | 749 Words | Posted 4/22/2019 | Comments
VCG is still offline in China and there is no clear indication when they may be able to resume operations. It appears that VCG’s standard prices have ranged from tens to thousands of yuan. Thus, they could be as low $5 to $10 for the use of an image. Such prices seem to fit with the gross sales prices Getty Images has been reporting, minus a reasonable share for the selling agency. We also know that in a very few cases customers have paid well over $600 to use an image. However, It is unclear what the usage conditions have been for the extremely low prices or anything in between. Maybe VCG’s standard price packages have been very similar to those of Shutterstock or Adobe Stock. We don’t know.