New research says executive-level marketing and intellectual-property skills are in short supply. Though the underlying causes for the shortage differ, market conditions are exacerbating recruitment problems.
AGE is the latest traditional agency to introduce a midstock price offering in an attempt to defend against microstock's steady cannibalization of traditional RF sales.
Last week, the World Intellectual Property Organization and its Geneva neighbor, the Society for Economic Research on Copyright Issues, hosted a two-day congress to examine the economic importance of copyright. While a number of issues made it onto the agenda, attendees overwhelmingly focused on copyright's role in the global creative industries.
If Getty assigns a significant portion of its existing editing staff to concentrate on searching Flickr for images with that "different look," the odds of getting an image accepted may be better by having it available inn Flickr rather than in the Getty queue.
London-based moodboard is encouraging amateur photographers to get in touch prior to the launch of its next business phase, which the company said "will open up more earning potential for amateur and hobbyist content than rivals such as iStock." Company founder and ex-Digital Vision owner Mike Watson said he planned to unveil developments at PhotoPlus in October.
This week, the American Society of Media Photographers announced that it expects the next iteration of the House version of the proposed U.S. orphan-works legislation to be released imminently. ASMP has tentatively endorsed the House bill, though it has continued to lobby for additional improvements that would offer greater protection to its photographer members.
AGE has launched its low-budget royalty-free (LBRF) model easyFotostock that it first outlined in October 2007. This new Web site is designed for customers who want images of average quality, but are not prepared to pay RF or RM prices.
The Stock Artists Alliance has nearly completed the first major phase of its metadata project, financed by an award from the U.S. Library of Congress. SAA project leader David Riecks said he was surprised by the high rate of metadata use among stock agencies.
In examining the Getty/Flickr deal, it is hard to understand how the Flickr managers could have given so much to Getty for so little.
For the second time, the 11th U.S. Circuit Court of Appeals has sided with the National Geographic Society in Greenberg v. NGS, in which photographer Jerry Greenberg claimed that the publisher violated his copyright by reproducing images shot for the print magazine in a CD compilation.
Getty's gross revenue for Q2 2008 was $218 million with net income of $33.7 million. The $218 million is the same level of income as the same period in 2007, but down from $233.2 million in Q1 2008.
Three years after Corbis purchased eMotion, a provider of hosted asset-management applications, the company has sold it to Canada-based Open Text for approximately $5 million in cash and assets.
Red Cover Picture Library located in the United Kingdom has entered into a Company Voluntary Arrangement (CVA) to restructure its debt.
For those currently selling images through Getty, the key question is: How many and how fast will Flickr images will be added to gettyimages.com? Getty editors are going to choose the photographers they want to deal with and invite them to sign a contract. The contract will authorize Getty to license the images as RM, RR or RF, but not microstock.
With an 18% increase in first-quarter revenues over 2007, 9-year-old sales platform Alamy is focusing on the next stage of growth. In addition to seeking out new revenue streams by expanding the traditional image-licensing customer base, in progress with the launch of a series of limited-use image licenses, CEO James West is considering international expansion.