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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.
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.
, 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
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.
, 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.
, 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.
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
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
-- and then begin reading.
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
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.
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.
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.
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.
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.
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.
, 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.
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.
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 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.
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.
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 has announced that it is expanding its editorial and music services businesses with the acquisition of two companies -- Rex Features
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?
When Adobe takes over Fotolia
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.
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.