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Getty’s Midstock Decline

By Jim Pickerell | 1007 Words | Posted 2/26/2015 | Comments
On February 24th at an invitation-only conference hosted in Miami by JPMorgan Chase & Co. Getty Images executives told investors that midstock revenue had declined 15% in Q4 2014 compared to Q4 2013. This decline was on top of a 9.8% decline in Q3 2014 compared to a year earlier. Getty’s midstock division includes iStock, Thinkstock and Photos.com.

AP and NFL Extend Exclusive Photo Licensing Deal

By Jim Pickerell | 303 Words | Posted 2/24/2015 | Comments
The Associated Press and the National Football League today extended their commercial photo agreement, solidifying the AP’s status as the worldwide commercial licensing agent of the NFL through the 2017 season.

CEPIC Stock Photography Awards Competition Opens

By Jim Pickerell | 297 Words | Posted 2/23/2015 | Comments
CEPIC, in conjunction with East News Photo Agency, has launched the first edition of the CEPIC Stock Photography Awards competition with a 3,000 Euro prize and a title of CEPIC Stock Photographer of the Year.

Come Alive Images Offers Stock Buyers Animated GIFs

By Jim Pickerell | 698 Words | Posted 2/23/2015 | Comments
Jerry Tavin and Joe Panker launched Come Alive Images. This site is dedicated to the commercial potential of GIFs—motion graphics, cinemagraphs, animated photography, looping illustrations and animation, 3D stereo photography and photo/video hybrids.

Getty’s Lean In Collection: One Year Later

By Jim Pickerell | 570 Words | Posted 2/23/2015 | Comments
Getty Images, the world’s leader in visual communication, and LeanIn.Org, the women’s non-profit founded by Facebook COO Sheryl Sandberg, are celebrating one year of partnership with the anniversary of the Getty Images Lean In Collection – a curation of images devoted to the powerful depiction of women, girls and the communities who support them. Images from the collection have been licensed in over 65 countries, including Qatar, Kuwait and Korea, with sales doubling since the collection’s inception in February, 2014.

StockFood and PhotoCuisine Sign Global Partnership

By Jim Pickerell | 483 Words | Posted 2/20/2015 | Comments
StockFood and PhotoCuisine, the world’s two largest agencies for food photography, have signed a global partnership agreement. The two companies, widely recognized as market leaders in high-end culinary photography, will join forces from March 1st 2015.
 

Did Getty's Midstock Strategy Last September Work?

By Jim Pickerell | 929 Words | Posted 2/18/2015 | Comments
I understand that Getty Images won’t be releasing Q4 2014 information to bond traders until April. Investors are anxiously awaiting the results and hoping Getty has been able to turn around its Midstock division (iStock, Thinkstock and Photos.com) in the first full quarter since its dramatic change in pricing strategy last September.

Geoff Tompkinson: Career Of A Timelapse Photographer

By Jim Pickerell | 1644 Words | Posted 2/17/2015 | Comments
Recently, I asked Geoff Tompkinson to share a little about his 35-year career in stock photography and where he thinks the business is headed. Before reading his story I suggest you take a look at Geoff’s amazing work – still photography, timelapse and hyperlapse  -- and then begin reading.

Aurora PremiumRF

By Jim Pickerell | 811 Words | Posted 2/16/2015 | Comments
Aurora Photos has launched a highly curated Premium RF collection that places some of the company’s best images into a simple and easy to understand pricing model. The $250 for a small: 3mb/72 dpi image file and $500 for a 50mb/300 dpi file is a direct copy of the pricing used by Shutterstock for its Offset.com collection.

Explosion Of Photographs

By Jim Pickerell | 227 Words | Posted 2/12/2015 | Comments
The oldest photo on record is of a man on a Paris street getting his shoes shined. It was taken in 1838. In the first 170 years of photography up to the year 2000 it is estimated that 85 billion photos were taken. In 2014 alone, thanks to selfies, almost 1 trillion photos were taken and the number is expected to grow in 2015.

The Cost Of Acquiring New Customers

By Jim Pickerell | 232 Words | Posted 2/11/2015 | Comments
Getting new customers can be difficult. During Q3 2014 Shutterstock spent about 25% of its gross revenue on sales and marketing. At that rate sales and marketing costs for all of 2014 could be in the range of $80 million.

Photojournalism Contest For Asia Photos: $10,500 In Cash Prizes

By Jim Pickerell | 285 Words | Posted 2/5/2015 | Comments
Popular photo services platform LightRocket is accepting submissions for a photojournalism competition with prizes worth US$10,500, including US$4,000 for the Photographer of the Year.

CEPIC: Early Registration Discounts To Close

By Jim Pickerell | 141 Words | Posted 2/5/2015 | Comments
Early-bird registration discounts for the CEPIC Congress 2015 in Warsaw, Poland will end on February 8, 2015. Always a highlight of the year for stock photo distributors, the Congress itself will take place at the 5-star Sofitel Warsaw Victoria Hotel beginning on June 3, 2015 and continuing through June 6th.

mauritius images CEO Hans-Jörg Zwez Retires

By Jim Pickerell | 141 Words | Posted 2/5/2015 | Comments
After 44 years as owner and CEO of mauritius images GmbH Hans-Jörg Zwez has retired. Stefan Ploghaus has taken over as new owner and CEO of the photo agency.  The purchase price was not disclosed.

More Thoughts On Adobe/Fotolia

By Jim Pickerell | 755 Words | Posted 2/2/2015 | Comments
After reading “If I were Adobe” Zeke Koch wrote, “I don’t totally get it. Why do you think we should avoid adding stock to Creative Cloud subscriptions?” I probably didn’t make my arguments clear. The following may help.

age fotostock Redesigns Website

By Jim Pickerell | 490 Words | Posted 2/2/2015 | Comments
age fotostock, a stock photography agency based in Spain with offices in Barcelona, Madrid, New York, and Paris, launched a new look on their website this week.

Dramatic Royalty Increase At VideoBlocks Marketplace

By Jim Pickerell | 644 Words | Posted 1/29/2015 | Comments
Image creators always want a higher royalty. How’s 100% of what the customer pays? At Videoblocks Marketplace that’s what contributor will receive when their HD and 4K video clips are used. Too good to be true? Read on.

Pond5 Launches the Public Domain Project

By Jim Pickerell | 253 Words | Posted 1/22/2015 | Comments
Pond5 has announced today the launch of the Pond5 Public Domain Project, ( the first library of free public domain content designed specifically for media makers. The initial collection includes 10,000 video clips, 65,000 photos, thousands of sound recordings, and hundreds of 3D models.

Dreamstime Does Deal For Google Docs Templates

By Jim Pickerell | 437 Words | Posted 1/20/2015 | Comments
Dreamstime has been selected as a “beta provider of stock photos for Google display ads.” According to the explanation on the company’s online forum contributors will be paid roughly $2 per image selected during the “beta” license period which is 12 months.

The Power Of Buyers Who Are Also Sellers

By Jim Pickerell | 731 Words | Posted 1/19/2015 | Comments
In the next year image creators who are also image buyers may determine the future of stock photography. One-third or more of the images purchased may be bought by people who are also trying to sell their images. As buyers they want the lowest possible price. With their seller hat on they want the highest possible price.

Is Shutterstock Ready To Take On Getty In The Editorial Space?

By Jim Pickerell | 324 Words | Posted 1/16/2015 | Comments
Yesterday, Shutterstock paid $33 million in cash to acquire London-based Rex Features.  
In the technology section of its website Crain’s New York Business says, “The purchase of Rex puts Shutterstock in direct competition with Getty Images for a share of the editorial stock photography market, and ends long-held speculation that Shutterstock was looking to knock off its London rival.”

Shutterstock Expands Editorial And Music Offerings

By Jim Pickerell | 459 Words | Posted 1/15/2015 | Comments
Shutterstock has announced that it is expanding its editorial and music services businesses with the acquisition of two companies -- Rex Features and PremiumBeat.

Will Adobe Introduce An Image Search Tool To Its 3.4 Million Customers

By Jim Pickerell | 485 Words | Posted 1/14/2015 | Comments
Will Adobe offer a tool that makes it possible for its Illustrator and InDesign customers to discover if the images they find on microstock sites (particularly Shutterstock or iStock) are also available at Fotolia where they can be purchased for much less?

Is Image On Demand Pricing About To Decline?

By Jim Pickerell | 735 Words | Posted 1/13/2015 | Comments
When Adobe takes over Fotolia will Shutterstock and iStock be forced to lower their Image On Demand (IOD) prices? Basically, since Getty lowered iStock prices last September non-exclusives images on iStock and Shutterstock images are priced about the same – roughly $10 per image for any file size. However, Fotolia images are priced 25% to 60% lower than Shutterstock on a yearly basis, and 60% to 75% lower if the customer purchases a Fotolia image pack on a monthly basis.

Where Do Microstock Producers Come From?

By Jim Pickerell | 5140 Words | Posted 1/12/2015 | Comments
After last week, readers probably feel they have more information about iStock than they ever wanted to know. But an analysis of where contributors who produce microstock images live provides some additional insights into the future of stock photography. I promise this will be the last analysis of iStock data until July.