This edition contains stories on: Adobe Adds Four New Collections; Web Use of RM Images; UpperCut Starting Promotion; and Bahar Gidwani Analyses Getty's Subscription Offering.
Many of my readers know that Stockbyte is now the fourth largest supplier of royalty free images in the world, and that it is owned and operated by Jerry Kennelly. But how did the company get to where it is today. Recently Ian Kehoe of The Sunday Business Post Online, Ireland's financial, political and economic newspaper, interviewed Kennelly and provided a detailed look at how Jerry got his start and ended up focusing on producing and selling royalty free imagery.
This edition includes: Getty Launches Subscription Service; Jupiter Redeploys Assets and Q2 Results; Jupiter Expands Subscription; Corbis Aggressively Expands RF; Management Changes At Corbis; Windfall For PictureArts Staff;
Why Are RM Prices Falling?; Alamy Publishes Annual Numbers; Getty Second Quarter 2005; Will Getty Continue to Grow? and much more.
This edition includes releases on the Stock Photography Pipeline launch and SuperStock's Purestock Collection to be offered on NewsCom.
This edition of Random Thoughts has stories on: Management Changes At Corbis, Jupitermedia Revises 2005 Financial Guidance, Jupitermedia Expands Subscription Service, Getty Changes Numbering System, Photo Events In October, Changes in the Advertising Industry and Why Are RM Prices Falling?
More and more investment analysts are calling to ask my opinions on where Getty's is headed. What's the company's potential? I think Getty has some difficult challenges ahead. This story explains in detail what I think they are.
These press releases include: Index Stock Forms Alliance with Polfoto of Denmark and Bruno Press of the Netherlands; Inmagine Represents 1 Million RF Images; Media Bakery Offers Visual Search; Pepper Stark Consultancy; Aurora Launches Outdoor Collection; Spencer Images; Jupitermedia Puts Graphic Design Magazines Online and Kai Chiang To Leave SuperStock
Alamy recently provided its contributors with some figures for its operations during the first six months of 2005. They intend to provide the same type of information on a quarterly basis going forward. The figures provide some interesting insights into where their business is heading.
Jupitermedia Corp. has agreed to sell its Search Engine Strategies trade shows and its ClickZ.com Network of web sites, for $43 million in cash to Incisive Media plc of London in order to redeploy assets to its JupiterImages. Also announced was Q2 2005 revenues of $33.8 million up from $17.8 million and an 89% increase from the same period in 2004.
Many investment analysts remain very bullish on Getty Images and expect continued growth. I'm not so sure. Recently Credit Suisse First Boston outlined the key points on which their investment thesis centers. In this story I've explained some of the reasons I have some reservations.
Short items in this edition include: Corbis Partners with European Pressphoto Agency; Hughes Out At ImageState; PictureArts Staff Receives Windfall; Alamy Reaches Three Million Images; Sales Positions At Major Agencies; Consolidation In Magazine Publishing; Bystander Photojournalism, Another Threat To The Professional; ASMP Investigates Mira; and Retrofile Sold To Getty
In the following article Ethan G. Salwen a San Francisco-based photojournalist, writer and national board member of ASPP takes a hard look at Adobe Creative Suite 2 and Adobe Bridge. The article explores why Adobe's decision to become a seller of stock imagery delights some creative professionals, scares the hell out of others, and what the future may bring.
Getty Images has reported revenue for Q2 of 2005 of $185.3 million compared to $150.3 million for Q1 of 2004. Operating income for the second quarter of 2005 grew 39.3 percent to $55.5 million, or 30 percent of revenue, compared to $39.8 million, or 26.5 percent of revenue in the same quarter last year.
Corbis has launched "rf SHOP," a new royalty free website on corbis.com with almost 200,000 high quality RF images; signed numerous leading content partners including Jupiterimages, MedioImages, and Blend, and; acquired image100 in a major move to expand its position in the RF segment of the market.
Stories in this issue are: Getty's Acquisition of Digital Vision and Photonica Examined by Office of Fair Trading; Getty Applying Pressure On Suppliers; E-Data Suit Of Getty and Corbis Tossed; Proprietary RAW Formats; PicScout To Monitor Magazine Ads; and Browntrout Publishers Slow On Payment.
These press releases include: Pressens Bild and Scanpix of Sweden to Merge; Photononstop Opens Office In Spain; Photolibrary Group Acquires Garden Picture Library.
This issue contains: Where Is The Industry Headed, Klein Interview, Jupitermedia Reports Q1 Results, Ad21 Revenue Up, SuperStock Launches Purestock, Jupiter Acquires Goodshoot, Getty Acquires Photonic/Iconica, Getty Production In India, PicScout and Digimark Partner and Changes at Coleman UK and Coleman USA.
This release contains: Veer Announces New Shuttleboard Interactive Lightbox, PictureArts Expands with IBID Partnership, PictureArts Represents Untitled Collection, Imagefood In Czech Republic, Digital Railroad Raises $5.2 Million, ImageState Partners with Hachette Filipacchi Photos, Albers Named to SuperStock Board and Travel Photographers Network Sold by Nature Photographers Online Magazine.
Jupitermedia Corporation has announced a definitive agreement to acquire PictureArts Corporation for approximately $63.2 million in cash, subject to certain post-closing adjustments.
The acquistion includes PictureArts' quality brands: Brand X Pictures, FoodPix, Botanica and Nonstock, as well as its image distribution business. The transaction is expected to close during the third quarter of 2005.
On May 13th Jupitermedia announced to its shareholders that Getty Images had terminated its distributor agreements with Jupitermedia. Through its Creatas and PictureQuest divisions Jupiter had been representing Getty's PhotoDisc and Digital Vision RF brands and Getty on its www.gettyimages.com site had been representing Jupiter's Comstock and Thinkstock brands.
In a rare interview Getty Images co-founder and CEO, Jonathan Klein told Jerry Kennelly, CEO of Stockbyte, that the company does not plan to diversify outside the image business. Despite speculation that Getty might target companies in other sectors for acquisition, Klein ruled this out. Klein also discussed a number of other issues.
It's time to take a comprehensive look at the stock photo industry and where I think it is headed. The last few years have seen dramatic changes and more are still to come. The keys to success of five to ten years ago are totally outdated. Information you need to develop a business plan now.
With the mushrooming number of images available online and the growing number of portals picture researchers are discovering that their task of finding the right image is getting harder not easier. Punchstock, Digimark and Capture Desk are all offering new search tools.
James Alexander, Director of Adobe Stock Photos, discusses "The Ever-changing Stock Photo Landscape" and explains how Adobe Stock Photos, a new service within Adobe Creative Suite 2, will make finding and working with digital images easier for creatives.
This edition of Random Thoughts contains short items on: Jupiter Acquires Goodshoot, Masterfile to Handle WireImageStock's Collection Internationally, SuperStock Names Susan O'Brien VP, Getty Production In India, Picturearts Expands Nonstock Offering, Imagestate Signs Distribution Deal and Finding Fine Art Photo Dealers.