News Analysis
Everyone in the stock photo industry is excited by the potential PicScout is offering in identifying unauthorized web uses but some of our customers are innocent infringers and with them there is a major dilemma.
In 2004 and in setting their goals for 2005, Getty Images has emphasized the potential for growing the Editorial side of their business. Investment analyst Christopher Rowen of SunTrust Robinson Humphrey and his team have surveyed a number of newspapers to determine their use of Getty Images photos and as a result STRH has become more cautious in its estimates for Getty's future growth.
This issue includes stories on: Jupitermedia To Acquire Creatas, Trends Toward Production Companies, Corbis Completes Zefa Acquisition, Corbis 2004 Revenue Is $170.4 Million, Getty 2004 Results, ImageState 2004 Results, Digital Vision Production For 2005, On-Request Expands Marketing, Jupiter Launches RM Service, Editorial Prices At Getty and more.
This issue contains stories on: Getty Announces New Release Categories; Stockphotofinder Update; PicScout Finds More Unauthorized Uses; Getty's Response to PicScout and SAA; Alamy Collection Doubles In Size; Lynn Martin Joins PictureArts; Corbis Trims Zefa Workforce; Getty Announces Winners of Editorial Grants; Ad Agency Market In U.S. and PACA Annual Meeting Announced
Each Gettyimages.com Partner agency has an allowance of images that it can post in 2005. Here's how the system works and some of the implications for photographers.
Jupitermedia has announced that it will acquire Creatas, the parent company of Dynamic Graphics, and PictureQuest for $38,175,000 in cash and 1,483,073 restricted shares. It also announced
2004 revenue of $71.9 million and it expects 2005 revenue to be between $108 and $111 million.
There is an increasing industry trend for a greater portion of the available stock imagery to be produced by large production operations, rather than individual photographers. This article explores the reasons why.
This article contains short items on: Is Maximizing Return Per Primary Goal?, Asia Works Changes Name, Art4Love And Picture Arts Provide Decor Imagery To Corporate Clients and Changes at Getty Image Partners.
The StockArtistsAlliance (SAA) and PicScout have announced the initial results of their study about misuse of SAA members' images. Members provided 13,000 of RM images represented by Getty Images that had never been licensed for web use. The PicScout Image TrackerF System searched commercial sites in North America and Germany and found 11 times more uses than they have found when searching for images from other agencies.
There are indications that Getty is approaching selected photographers and agencies and recommending that they move some of their RM images to RF. Economically this could make a lot of sense not only for Getty, but also for the image providers themselves.
I've been taken to task by one photographer for not making it clear enough in Story 689 that the RF and RM percentage differences that photographers receive are important in determining return-per-image. In some cases photographers are getting 25% or less of the gross fee paid by the customer for an RM sale and well below 10% of the gross fee for an RF sale.
This article contains short items on Editorial Prices At Getty, Corbis Moves Into Rights Representation, Corbis' Zefa Collection Size, A Good Year For Goodshoot and Getty In India.
Corbis has announced that it had gross 2004 revenue of $170.4 million, representing growth of approximately 22% over 2003. Recently acquired zefa visual media group reported approximately $41 million in 2004. CEO Steve Davis estimated 40% growth for the combined companies in 2005.
In this issue of RT there is more on Getty and Photographer's Royalty Rates, an update on the Corbis/Zefa deal, Images On Alamy, Corbis Suit Against Amazon, DV Production For 2005, OnRequest Marketing, Sheldon Marshall's New Venture and SAA/ASMP Seminars.
JupiterImages has announced the launch of RightsProtectedImages.com which will offer customers exclusive rights to any image on the site, regardless of how it is used, for a fixed price or $799 for a three-month term. Longer terms at higher prices are available.
One solution to unauthorized Internet use is to ignore the Internet as a market and simply look at it as a marketing vehicle. Learn what Index Stock Imagery and Bigfotos.com are doing.
This edition includes: Things to watch for in 2005, Corbis to Acquire Zefa, Getty 2005 Guidance and Analysts Day, A21 3rd Quarter Results, Heilman Acquires Photo Network, Jupitermedia Q3 Results, Jupitermedia Acquires Hemera, Cheaper RF For Editorial, Returns Per Image, Getty Search Results Delivery Analysis and more.
As we move into 2005 there are at least three issues to watch closely for developments -- Subscription Sales; Increased Participation in Photographer's Choice; and the possibility of further reductions in Royalty Percentages.
Beginning in January 2005 we have instituted a price increase for the annual subscription of Selling Stock.
This story analyzes Return Per Image at Getty and compares it with likely returns from Corbis and Alamy. Most photographers will be surprised with the comparative results between RM and RF.
The StockArtistsAlliance (SAA) and PicScout have launched a joint trial using the high technology PicScout Image Tracker Service to investigate Internet use of photographs.
In an in-depth presentation to stock market analysts who follow Getty Images the company revealed many details about its plans for 2005. This story examines some of the information provided and explores the implications of the moves for others in the industry.
This edition of Random Thoughts confirms that Amana/Zefa rumor was FALSE, and it outlines Getty's Financial Guidance to investors for 2005.
This issue has short items on: Amana In Play For Zefa?, How Does Your Income From Getty Compare With The Averages, Stock Agency Costs, Earnings From Reuse Fees and Creatas Adds India Culture And Lifestyle Images.
This story has items on: Grant Heilman Acquires Photo Network Stock, Nonstock Partners with Photonica, A21 Third Quarter Results, Alamy Adds Providers, and Corbis Third Party Providers