According to MediaPost’s IoT Daily, the Real Estate industry is moving into Virtual Reality. It may be an opportunity for stock photographers looking for a way to diversify their businesses.
Is Rights Managed(RM) licensing still a viable business model if your goal is to earn the maximum from your image collection? For most image creators the answer is clearly NO, particularly if part of the deal is to place your images exclusively with a single RM distributor.
Many of the non-sellers are very good images and would sell if customers only had a chance to see them. Back in January in as story entitled “
How Can Shutterstock Grow Revenue?” I outlined an idea for a two-tier pricing system that could not only work for Shutterstock, but many other distributors with large collections, and grow their revenue, even if there is no increase in the number of images downloaded.
I wrote about the huge percentage of images being produced by a relatively small number of
large production companies. Let me examine in some detail how one of these companies operates.
Photographee.eu is a microstock production company in Lodz, Poland. It is owned and operated by Kasia and Lech Bialasiewicz. Lodz is Poland’s 3rd largest city located right in the middle of the country. According to the
microstock.top list of Shutterstock suppliers photographee.eu is its 157th largest collection (out of over 190,000) with over 76,000 images at Shutterstock. These same images are marketed through multiple distributors.
Where are the major producers of stock images located? One might expect then to live in New York, London, Los Angeles and Berlin near where the major customers. We also must not forget San Francisco, Seattle and Calgary. Think again.
Adobe Stock has released a new Visual Trends report on
Purpose Over Beauty based on studying images in more than 75 million social engagements. They found that a lack of content that makes a powerful statement cannot be disguised by pretty packaging.
Blend has launched a promotion they call “
Monthly Free Shoot.” Each month they will offer their customers all the images from one entire Premium Royalty Free shoot for unlimited, absolutely FREE use, according to the standard RF license.
On May 9, EyeEm announced the launch of
EyeEm Videography Early Creator program a stock video platform that will use the same artificial intelligence that powers the still-image option to automatically keyword and organize videos. Current EyeEm users can upload clips between 5 and 40 seconds long as the platform prepares to completely integrate video into the EyeEm platform later this year. The company has already tested the system by invitation-only, with selected users submitting video in the aerial, urban, travel, food, and nature categories.
Pearson has begun “a strategic review” of its U.S. school publishing business which has been a drag on growth due to intense competition. Their goal is to speed up the company’s transition to a slimmer, more digital group. They intend to either sell, or seek a joint venture partner, for their schoolbooks division that represents about 8% or £360 ($466) million of the company’s business.
A meeting between Google Germany and the German Association of Picture Agencies,
BVPA is set for May 9, 2017 in Google’s Berlin office. On Thursday, May 11, 2017 the French trade association of "online content publishers",
GESTE, has called their members to a "working meeting" to look into the impact on traffic of the new features of Google Images on the websites of GESTE's members. Reports of both meetings will be available on
CEPIC.org.
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This stock photography news site focuses on the business side of photography with a special emphasis on stock photography. Our goal is to help photographers maximize their earnings based on the quality of their work and the commitment they are prepared to make to the trade. The information provided will be applicable to part-timers as well as full time professional photographers. We’ll leave it to others to teach photographers how to take better pictures.
Jim Pickerell launched his career as a photographer in 1963. In 1990 he began publishing a regular newsletter on stock photography. In 1995 the information was made available online as well as in print and was gradually expanded to a daily service.
Click here for Pickerell's full biography.
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