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that photographer Art Dragulis took a photo of Swain’s Lock
along the C&O canal in Maryland and uploaded it to Flickr. Roughly four years later, he discovered Kappa Map Group was using his photo for the cover of its Montgomery County, Maryland atlas. He sued for copyright infringement. And he LOST.
When Rights Mananged images are represented by multiple distributors it is possible for agencies that had nothing to do with an initial license to collect a fee for secondary uses. Consider this situation.
According to Bloomberg
(July 30th) Getty Images Inc.’s bonds and loans rallied as a report to creditors showed improving profit after several quarters of sinking earnings.
has won the most images race with Alamy
. Shutterstock now has more than 60 million royalty-free images in its collection in addition to 3 million video and music clips for a total of over 63 million pieces of content.
Alan J. Goldstein, a professional photographer located in Silver Spring, MD has commenced a legal action against Metropolitan Regional Information Systems, Inc. ("MRIS"), located in Rockville, MD, for violations of the Copyright Act and the Digital Millennium Copyright Act. The legal action is Case # 8:15-cv-2400 (TDC) (D. Md.).
For new readers, or those who may have missed some of what I have written over the last few months, the following are a list of stories worth looking at to get a sense of where the industry is headed.
The new Adobe Digital Publishing Solution (DPS), the next generation in its groundbreaking Digital Publishing Suite, pioneers new ways for brands to deliver high-impact content to mobile apps and is likely to result in more images appearing in apps. It will also become increasingly difficult for image creators to know if their images are being used in apps, or not.
Is Shutterstock in Serious Trouble?
On August 5th the SSTK stock price closed at $50.75. On August 6th the company announced its second quarter results
and missed the projected revenue for the quarter by 1.5%. On August 7th the stock closed at $33.65, a 34% decline in 2 days. NO!
The company is not in trouble. Rather, financial analysts that closely watch Shutterstock are finally waking up to the realities of the stock photo business.
reported $104.4 million in revenue for Q2 2015, a 30% increase over Q2 2014. However, they missed their projected revenue estimate by $960,000. Investors were disappointed and the stock that had been trading at $50.75 per share the day before dropped 32.20% to $34.41 before the market closed. The average price per download during the quarter was $2.85 down from $2.87 in the previous quarter, and compared to $2.52 in Q2 2014. There were 35.9 million downloads in the quarter and they paid out about 28% of gross revenue in royalties to contributors.
In the subscription environment customers pay for -- and the image creators receive a royalty for -- many images that are never used in any type of deliverable product. Nobody knows how many. Adobe Stock has changed all that. Now Adobe gives users free use
to any images considered during the users design and creative processes. Users only pay for the images that actually end up in a deliverable product. As a result, creators may begin to see a significant decline in the number of images licensed.
Scott Braut, Head of Content for Digital Media at Adobe will be the keynote speaker at the DMLA Conference (formerly PACA) in New York from Sunday, October 25th through Tuesday, October 27, 2015.&nbs...Read More
Adobe Stock has announced that it is running a promotion from September 1st to September 20th that will discount the cost of images by 50%. For this limited period single images purchased will cost $...Read More
Creative Market allows you to place your photos in front of over 1 million members. You set your own prices and earn 70% of every sale. The arrangement is non-exclusive so you can simultaneously mark...Read More
Hong Kong based Super Image Market launched in November 2014 has established a simple “Pathway” for making images available to customers rather that operating as a traditional agency or d...Read More
Newzulu Limited (ASX: NWZ) is pleased to announce that it has entered a strategic partnership and content syndication agreement (Agreement) with Alamy. Newzulu’s crowd-sourced news archive will...Read More
Several of my readers have differing opinions with regard to the meaning of the term “no exchange of equity” as it appeared in Masterfile’s May press release. I thought it meant tha...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
Scoopshot, 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 photo...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