Japan is a $200 million market for stock photography, but only a small portion of that goes to non-Japanese photographers. Getty is making a major effort to get a larger share or this market, but they face some difficult hurddles.
Federal Court in Chicago dismissed a motion for summary judgment in the Penny Gentieu case against TSI and Getty Images. Gentieu charged that the actions of TSI violated her copyright, that TSI breached its fiduciary duty, and breached her agency agreement. After reviewing the evidence, the court granted TSI's motion to dismiss the case in its entirety.
On April 24, 2003 a21, Inc. announced that it had signed a Letter of Intent to acquire SuperStock. Earlier in the month the company had also announced a Letter of Intent to acquire Nonstock.
This issue has stories on: Stock Boston Suspending Custom In-House Research, Educational Publishing Statistics, RF Trends, Digital Workflow Strategies, and Seminar for Agencies in London.
This issue contains stories on: Getty Images Q1 Report, Greenberg Wins, Digimark Finds Infringers for Workbookstock, New Marketing Trends Emerge, Is RF In Your Future?, Subjects In Demand, and Klaus Tiedge's Journey Into RF.
Getty Images, Inc. reported first quarter 2003 revenue of $130.3 million up from $117.7 million in fourth quarter 2002 and a 14.5 percent increase over revenue of $113.9 million in first quarter 2002. Over $4 million of the revenue rise was attributed to foreign currency translation as the dollar has weakened considerably from the first quarter of 2002.
Instead of trying to do it all, many sellers of stock images are beginning to focus their efforts toward either Marketing and Distribution OR Content Creation and Aggregation. This article explores that trend.
Tom Grill, one of the stock industries most financially successful photographers, says he is earning as much from RF as from RM and that photographers can be successful doing either. Grill left Comstock two years ago to start his own production company. Read this long dialog between Jim Pickerell and Grill.
This issue has stories on: Copyright Protection at Workbookstock, Getty's New RF Pricing Structure, Management Changes At Image Source, Fix Joins Brand X, AGE Distributed Website Architecture and more.
In preparing Story 543 on Royalty Free, I asked companies that produce RF several questions. The response from Henry Scanlon at Comstock was insightful and much more than I had asked for, or expected. Henry is always entertaining and this article provides important perspectives that are worth considering.
Most companies that produce RF are trying to maximize the number of marketing outlets for their images. Comstock, on the other hand, appears to be alone in focusing on promoting brand and not making its images available through other sites. I asked Henry Scanlon to outline the logic for that position.
Klaus Tiedge is a German photographer, living in Capetown, South Africa, who started producing RM stock images of people, lifestyle and beauty subjects about 8 years ago. Two-and-a-half years ago he began shooting RF for ImageSource. This story outlines his experiences.
Many photographers are still adamantly opposed to producing Royalty Free stock. It's time to re-think that position. This story outlines reasons why most stock photographers should be looking to produce at least some RF, if they want to advance their careers in stock.
I'm frequently asked, ''What's in demand? What sells?'' This story tries to answer that question by examining the subject matter of 2747 RF discs that are produced by 11 RF companies. It provides breakdowns of the various subject categories that over 200,000 RF images fall into.
On March 5, 2003 in the U.S. District Court in Miami a jury awarded Jerry Greenberg the maximum allowed by law of $100,000 per infringement for four infringements ($400,000) in the damages portion of his case against National Geographic Society for the unauthorized use of his images in the CD-ROM entitled ''108 Years of National Geographic on CD-ROM.'' The 8-person jury also found that the infringement was ''willful,'' which usually adds legal fees to the damages award.
This story contains short items on: Legal Action On Payment Problems, Zefa Opens Production Office In New York, Ad Sales May Drop During War, Losing Our History, Bridgeman Launches New Site, and Small Business Trends.
This issue contains stories on: 2003 Survey Results, Veer Adds Mananged Rights, Getty Reports 2002 Profit, Alamy Sales Commissions, Specialization, Liquidlibrary.com, Grey Worldwide Demands, Botanica Brand Launched, Court Decison On Lost Images, Textbook Statistics, Image State 2002 Results, Workbookstock Sales Up, Digital Caputre and more.
172 photographers responded to Selling Stock's income trends survey for the years 2000 through 2002. The combined gross income for 2002 was $24,244,557 with an average income of $140,956. Stock income was 67% of total income. Income in 2002 was 14% below 2000 levels.
An ambitious new survey has been launched that will attempt to finally resolve the question of The Size of the Stock Image Market in the U.S. While sponsored by PACA, an effort will be made to collect data from ALL stock image sellers, regardless of affiliation. TrendWatch will tabulate the data.
Alamy is asking photographers to give up an additional percentage of their sales so Alamy can add distributors to their international sales operation. The combined Alamy/Distributor commission is 55%. Photographers are asking will the reductions in percentage ever end?
This includes short items on: Grey Worldwide Demands Exclusive Rights To ALL Stock Images; StockPhotoRequest.com To Launch In March; TrendWatch Says Specialization Is Key; PictureArts Launches Botanica Brand; Getty Gives Photographers Reuse Revenue and Digital Vision Closes Offices.
Getty Images reported 4th quarter 2002 revenue of $117.7 million. Net income for the year was $21.5 million, or $0.39 per diluted share. Total revenue for 2002 was $463 million which exceeded their estimates at the beginning of the year.
Story 530 offered a few online resources for information about digital capture equipment and techniques. Deborah Davis has provided a much more extensive list of such resources.
A recent New York court decision makes it more difficult for photographers to get compensation if their stock agency loses some of their images. Read the specifics of Adamo v. Corbis as reported by Nancy E. Wolff.
This includes short items on: Veer Adds Rights Managed Collections, Stock Media Marketing Model, US Book Sales, PictureHouse March Events, Getty To Represent Time Inc. Archives, Stock Image Launches Pixland and more.