Shutterstock is not making enough money so they have decided to lower the royalties paid for Enhanced Licenses. Here's what it means for image creators.
In an effort to make it easier for more people to use Shutterstock imagery the company is partnering with
Optimizely and
Sprinklr. By integrating
Shutterstock’s newest API directly into their platforms, customers of these organizations will be able to easily search, preview, and license from the Shutterstock collection. Contributors will earn a royalty each time an Optimizely or Sprinklr customer licenses one of their images.
Corbis and Visual China Group (“VCG”; Shenzhen Stock Exchange:000681.SZ) today jointly announced that Unity Glory International Ltd. (“Unity Glory”), an affiliate of VCG owned by VCG’s major shareholders, has acquired the assets and brands of Corbis’ Images division, one of the world’s leading image archives and content licensing businesses. VCG is China’s leading visual communications and new media company and among the largest businesses in the image industry worldwide. Financial terms of the agreement were not disclosed.
Recently, I found a list on Pond5 of popular keywords customers use to find videos. Earlier this month I published a similar
list that Videoblocks had sent to its contributors a few months ago. I decided to search
Pond5,
Videoblocks and
Shutterstock for each of these words and record the number of returns. You’ll find the results in the chart below.
More images are not the answer. The industry needs to find a better way to present the images already in databases for customer consideration. Customers find it harder and harder to dig out the right image for their needs from todays large databases. That doesn’t necessarily mean that the right images aren’t there. It’s just that customers do not have time to search through all the available options.
Pond5 is in the process of creating a collection of video clips that can be offered through low priced subscriptions. Contributors have the option of nominating their low-selling files for inclusion in the collection and will receive a minimum monthly royalties of $0.50 per item for every clip in the collection, regardless of downloads and usage.
Corbis is changing. It is spinning off the right clearance aspect of its business known as
Greenlight and renaming it
Corbis Entertainment. It is our understanding that the rest of the company including Creative and Editorial licensing will be sold off and to some degree dismantled. It is unclear to whom these operations will be sold or exactly how the dismantling will occur, but more information is expected to be forthcoming later this week.
Last week we posted a story “
iStock/Shutterstock Comparison”. Since then there have been some very informative comments on
Microstockgroup. You can find a link to these comments at the bottom of my story, or you can find them
here.
Landov Media, a small, but well respected Editorial agency closed its doors last week. It’s website
http://www.landov.com/ says it is no longer available and thanks the company’s “many loyal clients for your business and support through the years.”
One of the keys to success in stock photography is understanding what customers want. Given that the worldwide customer base is so diverse, that is often difficult to determine. We all see lots of different image uses in our daily activity, but often these are of little help in determining what customers really want to buy.
VideoBlocks sends regular advisories to its contributors giving them information about the keywords customers use most frequently when looking for video clips. In this story you'll find a recent list of Top Selling Keywords.