For decades Masterfile has been a leading provider of stock imagery to advertising, design and corporate communications. The company represents the work of many of the worlds leading image producers. Its collection is well edited and its website offers very efficient search. Currently, more than 70% of the company’s revenue comes from sales in North America and more than 80% comes from the advertising, design and corporate communications segments of the market that presumably need the highest quality work and have the budgets to pay for it.
Bloomberg has reported
that Corbis will be cutting about 15% of its staff. The information came from an internal memo sent to employees by CEO Gary Shenk, and obtained by Bloomberg.
reported $107.3 million in revenue for Q3 2015, a 28% increase over Q3 2014 and up nearly $3 million from the previous quarter. The increase was primarily due to a 22% increase in the number of paid downloads compared to a year earlier.
In an effort to compete with AdobeStock
, at the end of August iStock
began to test an offering of Small Monthly Subscriptions
with 10 and 25 download limits. The rates for 10 downloads are $40 for Essential (non-exclusive) images and $99 for the images contributors have supplied exclusively to iStock.
Recently, I asked AdobeStock
a number of questions about their operations. Their answers can be found below.
today announces the appointment of Luke Vines as Chief Operating Officer. Vines will begin the role with immediate effect, reporting directly into Christina Vaughan, CEO of CueSongs.
has developed an interesting way to use mobile devices to promote its historical collection. The Diomedia Historica (enter Historical Calendar at the App Store) to get the free app.
Rumors were flying in New York last week that Corbis
may be sold. The rumors are that Shutterstock
is interested in purchasing Corbis. The consensus seems to be that Corbis’ gross revenue is in the range of $100 million down from $225 in the mid-2000s. It is believed that about half of the gross comes from editorial and the other half from creative. (These figures may not include the rights clearance part of Corbis’ business.)
I just returned from the annual “Photo Week” in New York – two days at PhotoPlus Expo
, two-and-a-half days at the DMLA annual conference
and one day at Visual Connections
. Here are a few take aways.
Nancy E. Wolff, Counsel for the Digital Media Licensing Association (DMLA
) has written a very clear and detailed explanation of Why and When image creators need releases that was recently published on the American Society of Picture Professional (ASPP
) website. Anyone planning to license pictures of people, and in some cases object and other property, should be familiar with this information. Read the article here: http://aspp.com/the-law-releases-101-why-and-when-you-need-them/