Shutterstock Rebranding Rex Features

By Jim Pickerell | 204 Words | Posted 6/4/2019 | Comments
Shutterstock is officially rebranding Rex Features as Shutterstock Editorial today. The company says: “Since 2015, we have been working toward the goal of expanding our editorial collection and service to customers around the world. Over the past four years, our talented Editorial team has built a robust offering, becoming a premier source of editorial images for the world’s media.

Microstock – The Dark Side Of Image Licensing

By Martin Lisius | 744 Words | Posted 6/3/2019 | Comments (1)
There are often two sides to an industry. The side the customer sees, and the "inside" that industry people see. This article is about the inside of the stock image industry and how Microstock has changed. It also offers photographers and videographers some ideas how to deal with the issues.

Shutterstock Editor Surpasses 5 Million Users

By Jim Pickerell | 506 Words | Posted 6/3/2019 | Comments
Shutterstock, has announced that its free design application, Shutterstock Editor, has surpassed more than 5 million users. The tool helps users, including creatives, designers, and marketers, to speed up their design workflow with easy-to-use, powerful editing functionality and customizable templates.

Getty Images And APO Group Announce Strategic Partnership

By Jim Pickerell | 634 Words | Posted 6/3/2019 | Comments
Getty Images, and APO Group, a leading media relations consultancy and press release distribution service, have announced a wide-reaching collaboration to promote integrated text, photo and video solutions to organizations operating across Africa and the Middle East.

Canva Has Huge Data Breach

By Jim Pickerell | 234 Words | Posted 5/30/2019 | Comments
Canva, the Australian Graphic Design site that claims to have 50 million premium photos available via subscription, detected a data breach on May 24th of the records of 139 million customers.

Rights Managed Future At Getty

By Jim Pickerell | 565 Words | Posted 5/30/2019 | Comments
A stock agent asked if I had heard a rumor that Getty isn’t selling RM images anymore. The rumors are almost true. I did a story back in March entitled the "End of RM" where I reported that Getty Images personnel were telling some stock agency suppliers that in 3 to 5 years there will be no more RM licensing.

‘Topic Collection’ To Be Launched On PIXTA Website

By Jim Pickerell | 290 Words | Posted 5/30/2019 | Comments
Topic Images in Korea has announced to its suppliers that will be launching its ‘Topic Collection’ on the PIXTA website in an effort to deliver better sales and service to their partner agencies and offer a broad range of quality contents to its customers. Topic was acquired by the Japanese agency PIXTA in 2017.

Ad Agencies Turn Away From Stock To Assignments

By Jim Pickerell | 368 Words | Posted 5/27/2019 | Comments
As more and more consumer are turning to social media for information about the products and services they want to buy Ad agencies and brands are finding that they must up the quality of their offerings in order to get attention. According to Erik Radle, CEO of Dallas-based Miller Ad Agency, “People are finding out that the content has to just sing. It has to just dazzle. We’re spending a lot of time doing photo shoots because the days of stock photography being meaningful on social media are over. That just doesn’t cut it any more and will get you ignored.”

EyeEm No Longer Subsidizing Getty Sales

By Robert Kneschke | 1153 Words | Posted 5/27/2019 | Comments
A few years ago EyeEm decided to guarantee its photographers a minimum compensation for each image licensed through the Getty website regardless of what they received from Getty. Over the years they have steadily lowered that minimum and with the last sales report they have finally dropped the idea of a guaranteed minimum royalty. This article explores what happened.

Is Shutterstock Headed Toward Eliminating Creators?

By Jim Pickerell | 1265 Words | Posted 5/17/2019 | Comments
A reader wrote recently that he believes Shutterstock’s efforts to add huge quantities of image to its collection, as I discussed in recent article, is a “calculated plan” to eventually eliminate the need for photographers. He believes that by “feeding these images into their AI machines they will be able to learn exactly what their customers want.” Then, it is his contention, that Shutterstock will be able to “deliver custom made images (which Shutterstock would create) to clients.” He argues that ”this would just be machine work and there would no longer be a need for image makers or even computer graphic designers.”

imageMarketplace New York 2019

By Jim Pickerell | 230 Words | Posted 5/17/2019 | Comments
For ten years between 2007 and .2017 Visual Connections operated a fall expo in New York where visual media users could meet and network with stock agencies, artist reps, production companies, clearance and other service providers. There were also seminars about the business of sourcing and using visual media. They closed down their operation in 2017. On Tuesday, June 25, 2019 imageMarketplace New York 2019 (a London based company) will launch a new event with similar goals for influencers in the world of visual content.

Can Shutterstock Grow It’s Enterprise Business?

By Jim Pickerell | 534 Words | Posted 5/15/2019 | Comments
One of the big questions for Shutterstock is whether they can continue to grow the Enterprise segment of their business and how important that is to the eventual success of the company. In 2016 and 2017 they touted the success of Enterprise, but over the last 12 months Enterprise growth has been slowing and sales overall seem to be flattening.

Shutterstock Launches Self-Serve API Subscriptions

By Jim Pickerell | 421 Words | Posted 5/9/2019 | Comments
Shutterstock has announced the launch of its new self-serve API subscription plans. For the first time, developers, startups, and small and mid-sized businesses can build products and features that seamlessly integrate Shutterstock’s image collection and enable in-app image reselling, providing an additional revenue stream for customers when their end-users license and download images.

Small Claims Bill Moves Forward In Congress

By Jim Pickerell | 845 Words | Posted 5/8/2019 | Comments
The CASE Act (Copyright Alternative in Small-Claims Enforcement) was first introduced in 2017, but the bill expired without being passed at the end of the last Congress, as is the normal process for all bills not passed. On May 1, 2019 the bill was re-introduced in both the House and the Senate.

The VCG Story Takes Another Turn

By Jim Pickerell | 1105 Words | Posted 5/8/2019 | Comments
Selling-Stock has managed to gather more information about what has been happening at VCG. According to sources sometime after the Corbis acquisition VCG decided to copy Getty’s Premium Access strategy and launch a PA plan of its own. In addition to all the Getty and Corbis creative and editorial images, the iStock images are also available to the customers who purchase a PA plan.

Fair Use Claim Rejected

By Jim Pickerell | 215 Words | Posted 5/6/2019 | Comments
On April 26, 2019, the Fourth Circuit Court overturned a Northern Virginia District Court decision that allowed Violent Hues Productions, LLC’s to use a cropped version of a photo to promote a Film and Music Festival without compensation to the creator. Violent Hues had made no effort to request permission or compensate photographer Russell Brammer for the use and claimed “Fair Use” in court. (See July 2018 story.)

CEPIC Congress In Paris June 5 – 7

By Jim Pickerell | 780 Words | Posted 5/6/2019 | Comments
It is less than one month until the annual CEPIC Congress convenes in Paris on June 5 thru 7, 2019. Each year this event is the single most important meeting of people from all over the world who are engaged in the picture licensing industry.

Seminar On Improving Video Content Discoverability

By Jim Pickerell | 210 Words | Posted 5/6/2019 | Comments
On May 9, 2019 Mark Milstein will be offering a seminar in New York on Time-based Metadata: The Key to Video Discoverability and Content Immortality. The presentation will be at B&H Photo.  Click here to register. You can also watch online.

ACSIL: Footage Revenue Worldwide $570 Million

By Jim Pickerell | 2047 Words | Posted 5/3/2019 | Comments
ACSIL and Thriving Archives have completed their fourth Global Survey of Stock Footage Companies (AGS4) since 2007 and estimate worldwide stock footage revenue in 2018 at $570 million, more than double what it was in 2007. Data for the survey launched in July 2018 was collected from 84 of the estimated 415 footage licensing companies worldwide.

Will More Images Grow Revenue?

By Jim Pickerell | 841 Words | Posted 5/2/2019 | Comments (1)
Will more images in an agency collection grow revenue? Is more choice always better? Shutterstock is adding 1,608,350 new images a week to its collection. That’s 229,764 new images a day. The average customer reviews 500 or fewer returns before changing search parameters. So how do they make it possible for customers to review all those new images?

Another Look At The Market In China

By Jim Pickerell | 643 Words | Posted 5/2/2019 | Comments
The stock photo market in China may be bigger, and more lucrative than many people think. Gaopin Images tells Selling Stock that their average gross sale to Chinese customers in 2018 was $35, 17% more than what Getty is earning worldwide and 44% more than the gross China sales Getty is reporting to its contributors.

Future Value Of Stock Images

By Jim Pickerell | 462 Words | Posted 4/29/2019 | Comments
I was asked recently to appraise the value of a collection of stock images that were being donated. Back in the 1990s and even the early 2000s this would have been a relatively easy task. I would look at the revenue the collection had generated in previous years, determine the rate of revenue decline year over year and assess, based on the type of imagery, the length of time they might continue to have commercial value.

Shutterstock Q1 2019 Financial Results

By Jim Pickerell | 1194 Words | Posted 4/25/2019 | Comments
Shutterstock has reported Q1 2019 revenue of $163.3 million up $6.7% compared to Q1 2018,  (excluding Webdam which was sold in the first quarter of 2018). The revenue was almost flat with the $162.1 million generated in the previous quarter. During the conference call CFO Steven Berns pointed out that traditionally revenue for Q1 is very similar to revenue in Q4 of the previous year. Revenue per download averaged $3.42 per image, compared to $3.40 in Q1 2018.

Shutterstock and AP Renew Multiyear Distribution Deal

By Jim Pickerell | 229 Words | Posted 4/23/2019 | Comments
Shutterstock, has announced the renewal of its agreement with The Associated Press (AP) to distribute AP’s daily global photo output for license to customers based in the U.S., U.K. and Ireland.

Future Of Copyright In The US

By Jim Pickerell | 88 Words | Posted 4/23/2019 | Comments
On April 8, 2019 there was a roundtable discussion at the Copyright Office’s with regard to the immunity Internet Service Providers are entitled to under the Digital Millennium Copyright Act if they comply with various provisions. The content creator community has been hoping that the U.S. might follow the lead of the European Parliament and provide some additional protections for creators.