This issue has items on: Getty Removes Images; Web Video Summit; LIFE Archive; Getty Completes Acquisition Of Wireimage; Shutterstock Statistics; Online Newspaper Readership On The Rise; LuckyOliver Introduces New Pricing Model.
This edition includes the following releases: Getty Images Appoints Craig Peters To Lead Footage/Multimedia Division; Seamless Photo Workflow Topic At CEPIC Conference; A21 Enters Mobile Space; Image Works To Distribute Eastman House Collection; Corbis Helps Hallmark With Rights Clearance; Image Source Expands Regional Offices; and Images24 In South Africa.
Getty Images has announced that in mid-May they will move virtually all the Image Bank collection (approximately 90,000 images) out of Rights Managed (RM) and into Rights Ready (RR). Images that are under existing exclusive licenses will be transferred to the Stone or Taxi collections.
Alamy has released first quarter 2007 figures on contributors, percentage revenue and average pricing that shows no major change from the previous quarter. In the quarter they added 920,952 images to their collection that now totals over 8 million images.
This edition includes the following releases: Corbis Announces New Leadership Team; ANP Photo Iintroduces Fair Trade Photography; ASMP, EP, Nielsen Reach Accord On Photo/Artist License Agreement; and Corbis Enhances Offering To Better Serve Interactive and Mobile Markets.
This edition includes stories on: Getty Completes Investigation of Equity Compensation Grant Practices; OJO Images Launched; Jupiterimages Update; Ron Chapple Blog; OnRequest Images Raises $9M; and Stock Image Market Sizing Report Released.
Digital Railroad has announced the much anticipated launch of the public beta version of its online Marketplace at http://marketplace.digitalrailroad.net. The company has online collections from more than 1,000 individual photographers and 50 agencies or groups of photographers from more than 60 countries.
If you want to continue to take pictures for a living, it's time to start learning to shoot video. Why? because newspapers and magazines are beginning to move away from print and toward online. Once online offerings have been established, video and sound become more appealing and a better way to communicate editorial information and advertising messages than using stills.
Corbis has announced that effective July 1, 2007, Gary Shenk, President of Corbis, will assume the role of CEO. After 14 years with the company, 10 as CEO, Steve Davis will transition out of a day-to-day role to pursue new leadership opportunities in the public service and philanthropic world.
This article includes releases on: Corbis Launches Australian Offices; Images.com Introduces New Websites; Butler Appointed VP Sales and Distribution at Upper Cut; Action Images Becomes Wembley Stadium's Official Photography Provider; BBC Magazine Signs Deal With Newscom and Alamy Teams Up With 40260.com
In a recent study by The Association of Commercial Stock Image Licensors (ACSIL) it was determined that the global stock footage industry generates approximately $282 million in licensing revenue annually. Data on estimated revenues, content type, web-functionality and region was collected from 67 key footage companies.
a21, Inc. has reported $19,633,000 in revenues for all of 2006, but only $11,976,000 of that was for the stock photo side of the business. ArtSelect which provides wall art for homes and businesses provided $7,657,000. The image licensing revenue for Q4 2006 was $3,032,000.
Jack Hollingsworth is a top commercial image producer and Content Creation Partner. He plays a key role, both day-by-day as well as strategically for this changing era of stock photography. This story explains what it means to be a content creation partner compared to a stock photographer.
78% of Getty Images photographer have seen a drop in their revenue in the past year, some significantly. Of those who have seen a rise, most have added a significant number of images in the past year. In this story many photographers express their frustration, discouragement and disssatisfaction.
A photographer recently asked, "Does Getty's participation in these new stock licensing models (micropayment) dilute the company's potential future income and the prospects for their shareholders?" This story explains my answer.
This edition includes the following stories: Getty Launches 'Orchard' An Assignment Photography Division; Advertising Growth; Warren Buffet Condemns Newspaper Business As Investment; Global Internet Advertising Forecast To Grow 21% For Each Of Next Five Years; Images In Getty Collection; Digital Camera Growth; Getty To Acquire Princess Diana Collection; Direamstime Reports New Numbers; German Stock Photography Market; VPD To Use Digital Railroad; and Aurora Select Launched.
On a recent trip to China I interviewed a number of photographers and stock agents. This story provides a perspective on where the stock photo industry in China is today and offers some predictions for the future.
Jupitermedia Corporation had revenues of $34.8 million for the quarter ending December 31, 2006 exceeding the guidance it had given of $33 to $34 million. Revenue was up almost $1 million from the previous quarter and up 5% from $33.2 million in the same quarter in 2005. Total revenues for all of 2006 were $137.530 million and the Online Image division revenues were $106.636 million.
The discussions between Getty Images and Jupitermedia about Getty's possible acquisition of the smaller company have been terminated and each company will go its separate ways. This has made many in the industry very happy.
Included in this group of releases are: Getty Acquires Scoopt; Ressmeyer Resigns As PACA President; Alamy Exceeds 8 Million Images; Hughes Launches Equity Images; age fotostock Renovates Website; Eyecandy Launches E-Commerce Website; Warner Bros. Footage Available At Gettyimages and Photos Horticultural Launches Website.
Included in this edition are: Getty In Talks To Acquire Jupiter; Getty Acquires Wireimage; 2007 Image Buyer Survey; Revenue Growth; Will Flickr Sell Stock Images?; Internet Ad Spending; Pricing Internet Uses; Getty Reports 2006 Results and much more.
Included in this group of releases are: Getty Acquires Michael Ochs Archive; Dreamstime.com Offers Professional Insight In New Community Blog; Image Source Makes Fast Growth Award Shortlist; Photononstop Has Successful Year; A21 Appoints VP Sales and Marketing; VPD Relocates and Hires Staff and Getty Announces Editorial Photography Grant Winners For 2007.
Getty Images, Inc. has announced that it has entered into an agreement to purchase WireImage, a leading creator of entertainment and event imagery, for approximately $200 million in cash. The deal also will include MediaVast, Inc. the owner of WireImage, and sub-brands FilmMagic and Contour Photos.
The New York Post reported today that Getty Images, Inc. is in advanced talks to acquire Jupitermedia Corporation for an estimated price of $450 million. The Post said that Getty officials have been meeting with Jupitermedia CEO Alan Meckler and conducting due diligence away from Jupiter's Darien, Connecticut-based headquarters in order to avoid alarming employees. Meckler declined to comment, and a spokeswoman for Getty did not return calls for comment.
Corbis has announced that its total revenues for 2006 were more than $251 million, up a little over 10% from the $228 million in reported at the end of 2005. The company's growth was almost exactly the same as that of Getty although very slightly higher by a few hundredths of a percentage point.