Linda Royles, CEO of the British Association of Picture Libraries and Agencies, is stepping down after a decade-long tenure. Also moving on is membership manager Christina Berry. BAPLA views the departures as an opportunity to review the organization's strategic direction.
Getty Images, Inc. has called a special meeting of its stockholders, to be held at 9:00 a.m. Pacific time Friday, June 20, 2008, at its Seattle headquarters to consider and vote on the proposal to adopt the previously disclosed Agreement and Plan of Merger.
Tired of having to watch 18 minutes of commercials in every hour- long TV series? Next season, Fox will be cutting the commercials down to 10 minutes and giving viewers more entertainment.
In a recent speech to business leaders in Atlanta, Carly Fiorina, former Hewlett Packard CEO, said today's leaders need to look beyond quarterly financial reports and other backward-looking indicators and focus on the pace of innovation in their industries and the diversity of their customer base.
London-based Mary Evans Picture Library has launched The History Album. The Web site, which aims to become an online repository of user-uploaded historic photographs, borrows from the community-based photo-sharing business model, with some commercially oriented enhancements.
This summer, the British Association of Picture Libraries and Agencies will be hosting a series of training courses that focus on image-licensing workflow. To present the courses, BAPLA has partnered with London neighbor Electric Lane, a digital-imaging and picture-archiving consultancy established by former BAPLA CEO Sarah Saunders.
RM and traditional RF sellers are only addressing 10% to 15% of the total market for stock images. Some readers asked how I arrived at that number. First, this is the percent of images licensed, not revenue. That 10% to 15% of images used represents about 90% of current revenue. The other 85% of images used is responsible for only 8% to 10% of revenue. However, there are strong indications the revenue relationships are about to change dramatically - and not in favor of RM and traditional RF sellers.
This week, stock image site BrightQube launches a credits-based payment system, similar to that used by microstock companies. It also won the 2008 FITC People's Choice Award. According to Sharon Tczap, BrightQube vice president of marketing, the company's increasing momentum in the stock-licensing industry is the result of its user-centric philosophy.
Internet advertising revenues reached an all-time high of $21.7 billion in 2007, according to the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers. This was 26% higher than 2006 and surpassed radio advertising and cable television advertising in total U.S. ad spending.
On a company basis, the best year-to-year percentage of growth overall came from Alamy with 18%, even though Getty Images had a respectable 10% growth overall on a much higher gross revenue. And, of course, one division of Getty, iStockphoto, had an amazing 124% growth. But we need to look closer at the actual numbers.
The Senate Judiciary Committee passed a revised version of its orphan-works bill last Friday. The American Society of Media Photographers, which feels that "just about every single change benefits users to the detriment of photographers and artists," is urging its members to oppose the revisions.
Fotolia's new Reseller API targets traditional image agencies eager to get a piece of the microstock pie.
Alamy had gross sales in Q1 2008 of $8,097,000, up 18% from Q1 2007. 56% of the revenue for the quarter came from images submitted by photographers and 44% from agencies.
a21, Inc. has reported Q1 results of $5,107,000, down 17% from it's the same period last year. The SuperStock division had revenues of $2,615,000, down 11% from Q4 2007 and 17% from a year earlier.
Scott Gordon is taking the lead in building the brand of Jersey City-based stock-production company Tetra Images, founded two years ago by Comstock co-founder and veteran stock photographer Tom Grill.