News Analysis
This edition contains the following short items: Heimsch Wins CEPIC Contest; Upheaval At Superstock; To Be Or Not To Be -- A Getty Images Partner; JupiterImages Upgrades Site; Unauthorized Use Dilemma; Laufenberg Joins Getty Images and Cannibalization
Corbis recently appointed Ross Sutherland to a new position of Chief Creative Officer. Sutherland has almost 40 years of experience at some of the world's leading advertising agencies including Ogilvy & Mather and Young & Rubicam.
This edition contains stories on: Getty Showcasing New Photographers, Alamy Adds Metadata To Digital Image Files, Corbis Launches Corbis Outline@Home, Pacific Stock Releases New "Wiki Shots" RF Collection, ASMP & AIA Release New Guidelines for Commissioning Architectural Images, MaXx Images Announces AGE Fotostock Representation
The most important event on the stock industry calendar is the annual CEPIC Congress, held this year early in June in Biarritz, France. This year there were almost 800 attendees from 375 stock photo organization and 51 countries. This story outlines some of things I learned at the conference.
a21, Inc. has announced that Haim Ariav, a21's Chief Creative Officer and the Chief Creative Officer and President of a21's subsidiary SuperStock no longer remains with the Company. Mr. Ariav has also resigned from the Board of Directors of a21.
This edition contains stories on: Alamy Includes Metadata In All Downloaded Image Files; Getty Names New CFO; Getty and amana Begin Joint Distribution; Jolie-Pitt Baby Pictures Will Raise Funds For Charity; NewsCom Partners With Topix.net; Corbis Artist Representation Team Expands Across Asia; and Popperfoto's World Cup Images Available On Alamy.
This story provides some statistics on 18 Subscription web sites that have a combined total of over 10 million images. Six million of these are clip art leaving over 4 million photos and illustration. Eight of these sites are owned by Jupitermedia.
This edition includes short items on: Getty Extends RF Discounts To End Of July; The Rise of Crowdsourcing; Getty Increases Authorization of Share Repurchase; Getty To Close Some New York Facilities; Duncomb Joins Bilderlounge; Getty
Accepts Unreleased Images and Win A Car At Punchstock.
Will the users of new technologies like cell phones and video ipods be satisfied with still images? A new company called ArtBoximages.com believes such mobile device users will expect much more. See what they are doing.
Alamy has reported numbers for Q1 2006 that show another huge growth in supply with 825,052 images added to their database. This was up a full 28% from the 644,808 added in Q4 2005 and 86% from the 443,587 added in Q1 2005. See the rest of their numbers.
At the recent PACA Annual Meeting in Chicago, industry veteran, Joe LaCugna, PhD, was invited to present key findings from three recent surveys of creative professionals. This story provides a summary of some of his points.
This article includes: a21 Acquires ArtSelect; Corbis and Mike Watson Images Announce Content Partnership; Corbis Appoints Ross Sutherland Chief Creative Officer; Masterfile To Launch Radius Images, New RF Collection; MediaVast Completes $15 Million Series C Round of Financing; Stock Photo Finder Launches in UK; Digital Railroad Expands Collaboration with the PLUS Coalition; Marshall Buys Imagestate
Getty Images has made a deal to acquire the 17,000 John Foxx RF image collection from Image State for approximately $1.5 million or about $88 per image. For less than $1 million Sheldon Marshall has purchased rights to represent the Image State RM collection.
Stock photographers shooting on spec face a new, mostly unseen challenge when trying to sell images. Dan Heller compares the explosion of amateur photographers with digital cameras feeding images into the marketplace with the unseen, but powerful "dark matter" of the universe.
Joint administrators from Kroll Limited in the UK have been appointed to operate Image State until it can be sold or closed down. Rumors have it that at least one company is looking to acquire the entire company and at least 22 companies would like to acquire various parts of ImageState.
Jupitermedia Corporation has reported revenues for the quarter ended March 30, 2006 of
$33.9 million compared to revenues of $19.7 million for the same period last year. The figure was only $1.8 million above the previous quarter despite a number of new acquisitions that should be providing revenue.
This issue contains stories on: ASMP Seeks Dynamic Solutions To Orphan Works Dilemma; Orphan Works In The UK; Jupiterimages Acquires IFA Bilderteam; Video on Google; PhotoIndia.com Launches RF Collection; and Sales Going Down -- Attitude Change.
This issue contains stories on: Transtock(R) Unveils New Licensing Model,ASMP Seeks Online Copyright Registration Within DAM Programs, Masterfile and PicScout to Focus on Europe Too, Superstock Expands Partnership with PicScout to Protect its images in Europe, NewsCom Partners with Wireimage, Photolibrary Acquires Monsoon Images of New York, Custom Medical Stock Photo Offers RF Collection, Photononstop Launches RF Collection- Hires International Network Coordinator, WireImage To Distribute Images From The Conde Nast Archive
Getty Images, Inc. has acquired Laura Ronchi, S.p.A., its largest master delegate and the leading provider of visual content in Italy. No information was supplied as to the price paid for the acquisition.
a21, Inc. has announced the completion of a private placement of $15.5 million of Secured Convertible Notes ("Notes") with institutional and accredited investors. The Company expects to use the proceeds of this private placement to repay existing debt, provide working capital, and for acquisitions and expansion.
This issue contains the following stories: Epiphany; Imagestate Looks For Buyers; The Future At Corbis; State of the Industry, State of the Art; Stock Licensing Industry - 2006; Search Results Lottery; 2006 Stock Income Survey Results; Getty Acquires Stockbyte, $135 Million; Getty Q1 Revenue $200.9 Million; Jupitermedia 2005 Results; U.S. Congress May Gut Copyright; Klein Switches Position On Subscription; Copyright Small Claims Court; Alamy Posts 2005 Numbers; James West Talks About Alamy and Searching On Google.
a21, Inc. has reported $2,859,000 in revenues for the fourth quarter of 2005 and is $9,563,000 in total revenue for the entire year. The net loss for 2005, excluding $219,000 for a "deemed dividend", was $4.8 million or $0.10 per share.
A confluence of events and factors have come together over a period of time to create a very dangerous environment for stock photographers. I have briefly outlined factors so photographers might easily consider the relationships and implications.
Getty Images reported record revenue for Q1 2006 of $200.9 million compared to $178.1 million for Q1 2005 and $185.8 million for Q4 2005. But, for the second quarter in a row investors punished the stock for not meeting market expectations. In the first day of trading the stock price dropped 13.75 percent to a closing price of $65.66, down 30 percent from its high last November.
This group includes: iStockphoto Opens Library of 700,000 Images to Hp Customers, NewsCom Offers New Subscription Service, KeenImages Launches New Royalty-free Stock Photography Website, Artzooks Extends Reward Incentive Program, OnRequest Images Introduces New Corporate Identity, JaincoTech Opens in Japan