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Stock Photography: Passive Income Source

By Jim Pickerell | 770 Words | Posted 1/23/2020 | Comments (1)
I just read a story on Passive Income. The writer suggests that stock photography is one way to earn passive income and says it “is income you earn from things you would normally do in your spare time, or when you’re not working at a salaried job.” Active Income, on the other hand is the salary you get from the work you do by investing time and effort directly in return for money; if you don’t work, you don’t earn. Whether you are a teacher, a builder, a banker, a software developer, an athlete, an actor, or a doctor, you have to work to earn a living.” The time you spend working is tied to the income you receive.

CreativeMarketplace New York 2020

By Jim Pickerell | 353 Words | Posted 1/23/2020 | Comments
In 2019 among the most successful creative industry events in New York were footageMarketplace and imageMarketplace. This year these two events have been combined and renamed creativeMarketplace New York 2020. The event will be returning on April 1, 2020 to the Midtown Loft at 267 Fifth Avenue (29th St & 5th Av.) in New York City and will be open from 9:30am to 7:00pm.

Shutterstock Annual Music Subscriptions

By Jim Pickerell | 650 Words | Posted 1/23/2020 | Comments
Shutterstock says it is excited to announce a new annual music subscription for only $199 per-year or $16.60 per-month. This subscription gives the user the freedom to download as many tracks as needed, whenever they need them, for one low yearly price. Those interested may visit the pricing page to start their subscription.

2020 CEPIC Congress In Mallorca

By Jim Pickerell | 332 Words | Posted 1/20/2020 | Comments
The 2020 CEPIC Congress, the largest networking hub for agencies worldwide will take place at the Gran Melia Victoria in Palma de Mallorca from 27 to 29 May 2020 with a welcome reception on May 26th. Registration is now open. For fees and other registration details check out this link.

Lean In or Step Back

By Jim Pickerell | 1241 Words | Posted 1/17/2020 | Comments
The “Lean In” concept in business generally suggests the idea of moving forward on an idealized path. Chest out. Chin up. Figuring it out along the way. Watch out, world — here I come. “Step Back” is more about taking the time to assess the overall business landscape and consider long term risks and potential, and the likelihood of achieving long term goals. After carefully assessing one makes a decision as to whether to aggressively Lean In on the path they have been headed, or make radical adjustment in direction for their long term good. It is time for everyone in the stock photography business to “Step Back.”

Shutterstock 2020 Creative Trends Report

By Jim Pickerell | 495 Words | Posted 1/14/2020 | Comments
Shutterstock has launched its ninth annual Creative Trends Report, identifying global and local trends that will influence design aesthetics and visual culture in 2020.

Insurer Must Defend McGraw-Hill In Infringement Case

By Jim Pickerell | 408 Words | Posted 1/14/2020 | Comments
A New York State appeals court overturned a lower court’s ruling and held that an insurer must defend McGraw-Hill Education Inc. in underlying copyright litigation in the case of McGraw-Hill Educ., Inc. v. Ill. Nat’l Ins. Co.

DMLA & ACSIL Join Forces: Create Stronger Image Licensing Association

By Jim Pickerell | 575 Words | Posted 1/6/2020 | Comments
The leading trade association for moving-image licensors, 17-year-old ACSIL (Association of Commercial Stock Image Licensors) has joined forces with the Digital Media Licensing Association (DMLA) as of January 1, 2020. The DMLA, which began 70 years ago as a picture agency association, now represents all media licensors, and by adding ACSIL, a long-standing and respected moving-image association, will significantly increase membership and reach. 

Shutterstock Historic Gross Revenue

By Jim Pickerell | 390 Words | Posted 12/22/2019 | Comments
A reader wrote, “Over the years you’ve published Shutterstock’s gross revenue number. It would be good to see the ratio of corporate earnings to photographer earnings after this weeks 1 billion horn blow.”

Royalty Rates At iStock

By Jim Pickerell | 509 Words | Posted 12/18/2019 | Comments
It is getting harder and harder for image creators to get higher royalties on their images in iStock’s Signature collection. Royalties go up based on the total number of times images belonging to a particular creator are downloaded during the year. Download targets for Exclusive contributors have been around since 2017. At the beginning of the year the contributor starts with the ending royalty rate of the previous year. On January 1st iStock starts counting downloads for the year. Essential image downloads are counted as one while Signature Plus downloads are counted as 2. Some, but not all, downloads of Signature images through Gettyimages.com also count as 2. Others, probably mostly Premium Access sales, only count as 1.