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Stock photography is a two-sided market. For the most part image producers need a distributor to make potential customers aware of their work. Image buyers need distributors to make it easier for them to find what they need when they need it. The distributor needs to cover its cost of providing the service and make a profit. But the distributor must also manage the delicate balance between what customers are willing to pay and generating enough royalty for contributors to encourage them to continue to produce.
Jonathan Klein, Co-Founder and CEO of Getty Image, has stepped down as CEO 20 years to the day after he and Mark Getty founded the company. Klein will continue as chairman and will remain instrumental in determining strategy, direction and vision for Getty Images. As Klein transitions into his new role as Chairman the company is expected to “expand its footprint in the consumer space.”
Stock Photo Secrets
has put together a list of 80 Stock PhotographyTrends For 2015
, In 2014 Stock Photo Secrets surveyed stock agencies and put together a list 50 trends
of the kinds of imagery customers were buying. This year 16 agencies responded with the 80 most popular subjects their customers are requesting and using.
has acquired Rue des Archives
, the premier French archival photo library, and expanded the company’s range of historic imagery and personalities for licensing. Rue des Archives is an exceptional resource with photography ranging from the cave paintings of Lascaux to 21st century Parisian life.
Shutterstock has put together a very interesting Infographic related to Contributor Earnings
. Everyone engaged in stock photography -- regardless of whether they have ever licensed an image through Shutterstock, or any other microstock distributor -- should examine this Infographic carefully. It contains a lot of important insights.
Clear Arts – ImageProtect (www.imageprotect.com
) an image tracking company has successfully negotiated a six figure damages settlement for copyright infringement of images belonging to Lived In Images, Inc. against Buzzle.com, an online content farm. Lived In Images, Inc.
, is a stock photo archive specializing in home, garden, and interior design pictures.
The Microstock segment of the stock photography business has grown rapidly over the last few years. I estimate that in 2014 gross microstock revenue, worldwide, was approximately $850 million. Sales by the Big Four distributors – Shutterstock, iStock, Fotolia and Dreamstime – represented about 85% of this total.
, the leading mobile platform for photo and video crowdsourcing, has partnered with Pearson. In an effort to reach out and engage millennials, Pearson is using Scoopshot to crowdsource photos from around the world to illustrate its publications.
The third ACSIL
Global Survey of Stock Footage Companies (AGS3) reports a rapidly growing business for companies who have set up dedicated units to market and sell footage. The $550 million global business in 2014 represents a 40% increase in the three years since 2011 when the market was estimated at $394 million
On Thursday, March 26 Boston will, for the first time, host Visual Connections’
spring visual media expo at the modern and accessible Joseph B. Martin Conference Center at Harvard Medical School.
Shutterstock has reported $91.2 million in revenue for Q4 2014, a 34% increase over Q4 2013. There were 33.5 million downloads for the quarter. About 28 percent of revenue for the quarter was paid ou...Read More
Getting new customers can be difficult. During Q3 2014 Shutterstock spent about 25% of its gross revenue on sales and marketing. At that rate sales and marketing costs for all of 2014 could be in the...Read More
After reading “If I were Adobe” Zeke Koch wrote, “I don’t totally get it. Why do you think we should avoid adding stock to Creative Cloud subscriptions?” I probably didn...Read More
Vault Archives has announced its debut into the stock photography industry. The New York-based agency offers the editorial and commercial photography market high-end imagery that is tastefully curate...Read More
I’m getting more frequent requests from long/short hedge fund investors about Getty Images’ turnaround potential in 2015. Getty’s $550 million of 7 percent unsecured notes due ...Read More
Getty Images, the world’s leader in visual communication, and LeanIn.Org, the women’s non-profit founded by Facebook COO Sheryl Sandberg, are celebrating one year of partnership with the ...Read More
Houghton Mifflin Harcourt (HMH) has started requesting images directly from some very experienced stock photographers and offering them $300 for all-future-rights, including copyright, to any image t...Read More
President Bob Hendriks and Treasurer Deborah Free have quietly announced resignation from their Young Photographer’s Alliance (YPA) positions as of December 31st 2014.Read More
Margi Sheard of the Greatstock (www.greatstock.co.za) agency in South Africa recently published a story that raised an important issue about the world’s perception of Africa and the African peo...Read More