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123RF has announced a partnership agreement with Zcool, mainland China's
renowned creative designer platform for graphic designers. Designers
show their work on Zcool and there is a degree of sharing of the work.
The American Society of Media Photographers (ASMP), along with the
Professional Photographers of America (PPA), has submitted comments to
the U.S. Copyright Office in response to proposed new registration fees. In formulating the Copyright Office comments, ASMP surveyed its members
about copyright registration and received nearly 900 responses.
A three-judge panel of the Washington State Court of Appeal has substantially
affirmed a trial court judgment against Corbis Corporation for Fraud,
Breach of Contract, Breach of the Duty of Good Faith and Fair Dealing,
Misappropriation of Trade Secrets and Unjust Enrichment over the ownership of Infoflows' Fedmark technology. The original jury awarded $36 million in damages. Following trial the judge reduced the damages to $12.74 million.
Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates,
"KKR"), today announced a $150 million growth equity investment in
Fotolia. In addition, KKR, TA Associates and Management worked with KKR
Capital Markets and a number of relationship banks to put in place a
$150 million senior financing for the Company.
Shutterstock has filed plans with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company intends to list its stock on the New York Stock Exchange under the symbol “SSTK” and hopes to raise around $115 million through this IPO. The number of shares to be offered and the price range for the offering have yet to be decided.
In web advertising what produces the best results still photos or videos? You may be surprised. This story outlines some of the things that are happening that will change the way customers choose their images and some of the things you can do to increase sales.
In March it was reported by Moody’s and Standard & Poors that the
gross revenue for Getty Images in calendar 2011 was $945 million. This
figure, and how the various lines of business break out, provide some interesting insights into the state of the stock
photography business.
The stock photography industry has to face the challenge of becoming relevant in an economy that has no patience for inadequate business models. Today the vast majority of photographs are used without any contact with the traditional photo industry, which has completely lost control of production and distribution. But the industry continues stubbornly to apply old rules to this new landscape. It does not see, or purposely wants to ignore, that their model does not fit current needs and thus is chasing customers away.
Evolveimages.com has introduced a new simplified licensing model for Rights Managed (RM) Images that they call EvoRights. EvoRights focuses on four primary price drivers: use type (commercial or editorial), intended media (print, digital or both), duration and geographic distribution and allows customers to determine the usage fee in as little as three clicks.
An Australian company called
ImageBrief, has developed a way for buyers to submit briefs directly to photographers for the images they need. This cuts out the stock agency middle men, and eliminates the need for buyers to wade through massive online databases of images.