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Shutterstock has reported a record 22.3 million downloads and $51.5 million in revenue in Q1 2013. Revenue per download grew 8% year-over-year to $2.29. The Shutterstock collection has grown to more than 25 million images and over 1 million video clips. Revenue is expected to grow in Q2 to between $53 million and $55 million. For all of 2013 revenue is now projected to be between $221 million and $226 million. EBITDA is projected to be between $46 million and $48 million.
United Kingdom photographers are up in arms over the latest action by their government to make it legal for consumers to use their images without their permission. The Enterprise and Regulatory Reform Act
recently passed in the U.K. provides a way to legally use images found on the Internet when the copyright owner cannot be identified or contacted. Such images are known as “orphaned works.”
In an effort to help its photographers shoot the imagery demanded by image buyers Image Source’s trend monitoring team, ISM, have published a report on its photographer resource blog
IMSO, that examines the concepts portrayed in recent family imagery. In the process of preparing this report Image Source analyzed changes in the buying patterns or its customers, and researched a wide range of media and customer needs.
We reported on price variations to different countries for use of the same photo here
. Kiratsinh Jadeja who originally raised the issue asked, “Do you think majority of the buyers already know about this and outsource already?”
If supplying pictures for educational use is a significant part of your business plan you need to be aware of how the market is trending toward digital delivery and how that is likely to affect the prices that will be paid for images used in digital products. In case you’ve missed them the following are links to a few stories we’ve published that deal with this subject in the last few years.
Since the fall of 2012 iStockphoto had been accepting pictures taken with mobile devices. Currently they have 7433 images on the site. So far, they do not allow contributors to upload their photos directly from their mobile devices. It is not clear whether they are accepting images from contributors who only shoot with a camera phone, or whether they are just encouraging their regular contributors to also submit some images they shoot with their phones.
The Hollywood Reporter says the distribution of motion pictures on film
in the U.S. could be over before the end of 2013. Eighty-five percent of
the screens in North America have already switched to digital as have
67% of those in Europe.
The Associated Press has scored a significant copyright victory in the case Associated Press v. Meltwater. While the issue in this case was about the “scraping” and re-purposing of copyrighted text it could have important applications for photographers whose images are grabbed and re-purposed by Internet sites. Meltwater’s fair use defense was struck down by the court.
Newscom, the world's largest multi-agency library of digital images, has announced the launch of its sister company, Pixation Images
. The focus of this new platform is to provide quality creative images designed for commercial use that clients need to sell their story.
Alamy has introduced a new forum for contributors as part of their continuous improvement strategy. Access the forum here
. Following the website redesign in April, the new forum has a fresh interface, enhanced features and is encouraging positive engagement within its community of photographers.
Dreamstime just released the following to the press cautioning image user to be careful about grabbing images off the Internet because they could be “violating someone’s copyright.”...Read More
With Stocksy (http://www.stocksy.com/) Bruce Livingstone has set out to produce a collection of “authentic” stock images unlike anything customers will be able to find anywhere else. When...Read More
Bruce Livingstone founder of iStockphoto has launched Stocksy.com. Stocksy has been designed as a co-op and pays photographers a 50% royalty on each sale. At the end of the year, the company divides ...Read More
Corbis® Images has launched Corbis CRAVE, a premium image discovery experience developed exclusively for iPad® and as an accompanying web experience. CRAVE features expertly curated ima...Read More
Shutterstock has announced plans to launch Offset, a new RF offering of premium, high-end stock photos and illustrations. Currently the curated collection is in private beta. A public launch will fol...Read More
Getty Images makes it hard for some customers to purchase RM images. See what I learned when I tried to license usage of 4 images from Getty. We complain about the unauthorized use of images online a...Read More
Anyone interested in a career as a photographer – as well as those photographers in mid-career -- needs to carefully consider how the business is changing. If we look at image use on the Intern...Read More
A major shift is coming in the education market, and more rapidly than many expect. In Pearson’s recent Q4 2012 earnings call John Fallon, CEO and Chief Executive of International Education bus...Read More
Universal Images Group Limited (UIG), has extended its regional content management facilities by opening offices in Florence, Italy and Sydney, Australia. UIG already has such facilities in Chelmsfor...Read More