Stock
Dreamstime has released
Dreamstime Companion, a new iPhone and Android free mobile app that enables photographers to upload their own images directly from their smartphones. The uploaded images can be purchased by Dreamstime's more than eight million users, the largest designer database in the stock photography industry. More than 2,500 new photographers join Dreamstime every month, and the site now has more than 15 million monthly unique visitors.
LightRocket.com has announced a major value boost by offering its members up to five times more default cloud storage (100GB for premium accounts) and expanded 100GB storage units, providing members with pay-as-you-go flexibility.
After reading my recent series of stories on iStock (?See
here,
here,
here,
here and
here) a reader asked, “What are the implications for rights managed? Does it mean placing one's images with a number of websites is actually a self-defeating exercise and one only needs to place them with one super star agency and wait for the high returns to roll in? Or does that conclusion not apply to rights managed? Or are rights managed images dead in the water these days?” All good questions, read this story for answers.
After 10 years in operation, and with more than 800,000 images, the German microstock agency
Digitalstock.de has decided to cease operations and provide customers and photographers with an exclusive offer to continue buying and selling photos online at
PantherMedia.net.
After 11 years as an independent stock photo agency, at one time hosting over 300,000 images from 130 photographers,
worldofstock.com is in the process of making a significant change in response to shifts in the stock photo marketplace. Now photographers will pay a reasonable subscription fee (minimum $6.25 per month for 10GB of space), to have their images on a fully functional stock website where they keep 100% of any revenue generated from sales.
Many RM photographers still believe that microstock images are of much lower quality than RM and that customers who want images of the highest quality will continue to go to RM sites for the images they need. Unfortunately, they are only kidding themselves. (Note the difference in number of downloads in this
story.)
For most of the
431 top iStock contributors adding more images to their portfolios does not seen to have had a significant impact on the growth in their number of downloads. In fact, those who grew their collections by the smallest percentage, or not at all, seemed to experience continued growth in sales. Seems counter intuitive.
Yesterday I provided a list of the
431 of the top iStock contributors in the order of the total number of image downloads they have had in their careers. In the coming week I will explore some other ways to look at the available data. It is important to recognize that not all the people on this list are photographers. I have separated them into three groups – Illustrators (I), people with a mix of illustration and photography in their collections (PI) and photographers.
Fresh, brash and outspoken. With their uninhibited photographic style and unbridled joy of experimentation, food bloggers have conquered a huge fan community on the internet. No wonder even the traditional media are rolling out the red carpet for the new stars. Food bloggers get their own columns, produce cookbook best-sellers and operate cooking shows for an audience of millions. The most interesting among them are now at the center of a new blog where the food image agency
StockFood once again lives up to its reputation as a trendsetter.
Paul Melcher’s latest on the “
New Photo Agencies” is worth reading. He discusses the Community Builders, the Scrapers, the On Demanders and the Hybrids, and notes that “the barriers between pros and casual photographers are going to completely vanish.”
Everyone agrees there is an oversupply of images. In spite of this fact many professional image buyers claim they can’t find good images or at least the images they need. As I look at what is available online today I think there are more good and great images than there ever have been, but often they are buried under piles of mundane images and images that are irrelevant to buyers needs. The problem is curation.
A lot of attention is being given to finding a better way to search for photos. Those who believe technology can solve all the world’s problems are trying to build algorithms that will instantly find exactly the right image to meet the needs of each paying customer. With 1.8 billion photos being uploaded to the web each day and even professional sites like Shutterstock uploading more than 260,000 new photos each week there are more good pictures on any given subject than any professional user has time to look at.
In general, prices and revenue have been declining in the stock photo industry. To a large extent this has been due to oversupply and more and more customers finding the images they need at lower price points. Based on the information I’ve been able to collect, I have made estimates of the average 2013 gross license fee for images in the five major price categories – RM, traditional RF, Midstock, Microstock and Subscription. I want to find out if my readers think these prices are high or low.
Booking opened on June 10 to prospective exhibitors at
Visual Connections New York Image Expo 2014, which will take place on Wednesday, October 22nd.
In early October 2014 the UK government is expected to change its copyright legislation and introduce an
Extended Collective Licensing (ECL) scheme that will enable collecting societies to authorize use of any image within the UK. Please respond to this survey
(
https://www.surveymonkey.com/s/ECL-Opt-out) before 12pm 23 June 2014.
Every once in a while someone asks me if Corbis is a place to put their images? Corbis has a nice looking website and I assume they are still making a reasonable number of sales, but I never hear much about them. Photographers never tell me the are happy with Corbis sales, either in volume or price.
It may be time to retire Rights Managed as a licensing model. RM pricing doesn’t work for most customers anymore.
Moreover, it no longer really maximizes the potential earnings of photographers. There used to be a time when all image uses were in print. In those day when an art director purchased an image for a magazine ad, a book or a brochure she knew exactly how the image would be used in the layout and how many copies would be printed. Those days are mostly gone forever.
Launched in March 2013,
Stocksy continues to grow dramatically. The company is paying out almost $200,000 a month in royalties and is on tract to generate something in the neighborhood of $5 million in gross revenue in 2014.
PantherMedia has added a handpicked collection of fancy images to its archive of more than 28 million images. The
Premium Collection is composed of special interest images like architecture, food, ecology and sustainability as well as people and lifestlye.
iStock’s sales seem to have been declining over the last few quarters. About 75% of iStock sales are at Midstock prices totaling roughly $180 million in 2013. There are indications that customers and creators are increasingly dissatisfied. One big questions is whether the decline is due to a generally higher priced offering, poor customer service including a less than optimal performing website, or both.
DisabilityImages.com, a leading stock source for high quality stock images of real people with real disabilities, has agreed to represent selected imagery from
Design Pics. DisabilityImages serves a select group of customers with narrowly focused and specific needs. The company has developed a strong reputation in this niche, and has a thorough understanding of the needs of customers within this community.
TT News Agency, NTB, Scanpix Denmark and Scanpix Baltics have announced the formation of the
Scandinavian Photo Alliance. The core of the new alliance is the former Scanpix group. The SPA expects to work on pan-Scandinavian initiatives spanning both editorial and commercial areas.
Recently a subscriber asked, “how much newly produced professional content is licensed each year compared to content that is licensed more than a year after it was first made available for purchase?” Great question! As far as I know no agency collects such data, but it could be of tremendous value in helping agencies better understand what their customer's needs and in directing photographers as to what to shoot.
Shutterstock has reported $72.8 million in revenue and total downloads of 29.7 million for Q1 2014. About 28% of the revenue was paid out to contributors in royalties. At the end of the quarter the company has 407 employees worldwide and over 55,000 active contributors.
A subscriber just pointed out that at the bottom of the search return page on
www.gettyimages.com they are now encouraging customers to go to
iStock. He did a search for travel and at the bottom of the first page after the customer has looked at only 100 thumbnails she is encouraged in big bold letters to: