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It’s time to take another look at PeopleImages.com
that Yuri Arcurs Productions launched 17 months ago. Yuri has long been the world’s most successful microstock photographer, and until June 2013 his work was represented on virtually all the world’s microstock distributors.
Getty Images has supplied selected investors with its third quarter revenue figures. Indications are that revenue continues to decline. For the year ending June 30, 2013 revenue was $897 million. For the 4 quarters ending September 30, 2013 indications are that the revenue is less than the $897 million, but we have been unable to determine exactly how much it has declined.
As of December 1, 2013 Universal Images Group Limited
(UIG) has opened a new Content Management facility for Asia based in Tokyo, Japan.
The formula for producing stock images that sell is simple. Produce what customers want. All they want are images of “better quality” that are “more creative,” “natural, not staged” and that clearly illustrate a “concept” the customer needs at the moment. Also, the “price” for usage must be lower than anything else available.
Design Pics Inc
. has announced the acquisition of AgStock Images, a California based photo agency specializing in agricultural photography. Founded in 1996 by Ed Young, AgstockImages.com
is a comprehensive library of worldwide agricultural photography, representing over 115 leading agriculture, produce, livestock, entomology, botany and plant pathology photographers, including photographers who are also professors and researchers across the United States, Canada, Europe and South America.
This story contains a list of the 99 Shutterstock contributors with the largest portfolios. All have more than 17,000 images on Shutterstock and the leading contributor, Africa Studio, has 346,683. Combined these 99 contributors have 4,433,257 or almost 14% of all the images on Shutterstock.There is a hot link to each contributor’s collection.
As happens every fall there is a whirlwind of photo conferences – PACA Annual Conference, Visual Connection and PhotoPlusExpo (all in New York), and this year Microstock Expo in Berlin. In light of everything I’ve seen and heard between October 20 and November 17, 2013 I’ve provided a few observations as to where I think the stock photo industry is headed.
, the world’s largest software maker and itself a massive consumer of image content for its products and services, has taken the bold step of promoting the theft of images online. Through its newly revamped Office product, Microsoft is replacing an image search functionality – one that routed the user to vetted sources for searching, transacting and integrating content into their online projects – with a general Bing
search. While Microsoft is certainly free to remove one piece of Office functionality and push users onto the Bing platform, the methods of how it is doing so underscores a blatant disregard of intellectual property.
Hundreds of thousands of images in major stock distributor collections are never viewed by any customer. If customers can’t see them they certainly can’t buy them. Tens of thousands of images are being added to stock photo databases every day. A very high percentage of them will quickly fall into an abyss never to be seen again. Is there a solution to this problem?
Does exclusive representation make sense in today’s stock photography world, or is it better to place your images with multiple distributors? Here are a few things to consider.
has reported a record 25.4 million downloads and $56.8 million in revenue in Q3 2013. The Shutterstock collection has grown to more than 30 million still images and over 1.3 million video clips. Revenue per download grew 4% year-over-year to $2.35. The growth in revenue per download was driven primarily by a growing portion of revenue that is derived from video footage downloads.
In business it often helps to try to walk in your customer’s shoes. The following is a situation that developed when a busy designer was trying to give his customer a quality product on a tight deadline (aren’t all deadlines tight these days), and keep the cost of the project reasonable and within the customer’s budget.
Alamy has decided to lower the payout threshold for contributors and make payments whenever a contributor has $75 on account. No fees will be charged at the Alamy end regardless of the method or currency the contributor chooses.
One of the surprising things that came out of this year’s Visual Connections
event in New York was the degree of confusion and misunderstandings graphic designers and art directors have about image rights. Many seem unsure as to what they can and cannot do with the images they license.
The stock visual media industry is seeing a pick-up after the longest downturn in living memory. Visual Connections New York, the world’s largest marketing event devoted to commercial licensing of visual media, drew more buyers and exhibitors this year than in 2012. Buyers could learn about 72 different stock agency brands from around the world, including 21 new to New York and 22 from outside the US (Canada, UK, Germany, Sweden and Argentina).
Stock photography is changing rapidly. The most serious issues facing stock photographers are:
they have no idea who their potential customers are;
they don’t know what their customers are looking for in the way of images; and
they don’t understand how their customer’s businesses are changing.
has done a deal with Pinterest
that will track the use of any of the 80 million photos and illustrations on Gettyimages.com whenever they are posted on the digital scrapbooking site. (A little over 7 million of those photos are on the Creative section of the site.)
Getty Images has been privately owned by Carlyle Group for a little over a year
, and before that by Hellman & Friedman for about 5 years. One of the results of going private is that much of the data that used to be shared about Getty’s operations is no longer available to the general public.
If you’re looking for an overview of the state of the stock photo industry as of October 2013 the stories listed below are a good place to start. Regular readers of Selling-Stock will have seen all this information before. For them, there is nothing new here although some of the stories were published in the last two weeks. If you’re looking for data and analysis – both current and historical – these stories are worth examining.
Does anyone other than photographers think that photographers should be compensated with more than a credit for the use of their images? The response photographer Kristen Pierson received from the publisher of the Warwick, RI Beacon displays a common attitude, not just of the average consumer, but of many professionals and commercial users who should be licensing rights to the images they use.
, a stock photography co-op that launched on March 28, 2013, is on track to become profitable by November. A photo collective and online market co-owned by more than 400 photographers, Stocksy has accomplished this feat while giving members a 50 percent royalty on each transaction and 90 percent of profits.
Patrick Lor, co-founder of iStockphoto and formerly leader of Fotolia North America, has founded a stock footage company called Dissolve
. Lor’s company makes a significant number of clips available for $5 although some clips are priced at $50, $150 and $500.
The latest edition of Alamy’s “Ask James” series of video chats where CEO James West responds to photographer questions is now live. West reports that the company licensed rights to about 360,000 images in 2012, up from under 200,000 in 2008.
In response to the new trends in Smartphone use, social media and mobile phone Fotolia is launching a new app and collection, uniquely designed for Smartphone photos. Created for iPhone 4 and up, Fotolia Instant
offers fresh, new “in-the-moment” images taken using the new app, which allows users to shoot and upload to Fotolia directly from their Smartphone.
Getty Images is finally declaring iStock a “Midstock” brand given how high they have pushed the prices of iStock’s exclusive imagery. I estimate that about 35% of the images on iStock are exclusive. Getty has told debt investors that 70% of iStock revenue is generated from exclusive images and that the gross revenue for the last 4 quarters was about $300 million. In Q2 2013 iStock revenue was down 9% compared to the revenue in Q2 2012.