Shutterstock Q1 2016 Financial Results

By Jim Pickerell | 1537 Words | Posted 5/4/2016 | Comments
Shutterstock has reported Q1 2016 revenue of $116.7 million up $19.1 million compared to Q1 2015. The growth is due mainly to new customers and increased activity by enterprise clients. Royalties paid to contributors during the quarter were about 29% of total revenue, or approximately $33.8 million. Currently, there are over 100,000 contributors meaning that the average contributor earned $338 during the quarter.

Melcher/Pickerell Colloquy

By Jim Pickerell | 2238 Words | Posted 5/3/2016 | Comments
Paul Melcher disagrees with much of my pessimism about the future of the stock photo industry. I have the greatest respect for Paul and his opinions. He is founding director of Melcher Systems and has been working in the stock photo space for more than 20 years. He has a thorough understanding of our industry. He has done much more in depth research of the tech side of the industry than I have, and has much better contacts and networking in that space. For these reasons, it is important for my readers to carefully consider what he has to say.

Corbis Contributors Released From Contracts

By Jim Pickerell | 364 Words | Posted 5/3/2016 | Comments
Corbis contributors have received the following information relating to the release from their contracts from Corbis & Unity Glory/VCG, the Chinese company that purchased Corbis.

Does Exclusive Representation Still Make Sense?

By Jim Pickerell | 1162 Words | Posted 4/29/2016 | Comments (3)
Being represented exclusively by a single agency, or distributor, used to be important if you wanted a chance to license your images for high dollars for advertising or product identity uses. These customers wanted assurance that no one else would be using the same image while their campaign was in progress and they were willing to pay a lot of money for such rights.

Top Footage Distributors

By Jim Pickerell | 193 Words | Posted 4/28/2016 | Comments (2)
More and more photographers have started to produce stock footage as a way to grow their business. Clearly, there is increasing demand for video clips as well as a greater need for video than still images. One of the questions I’m frequently asked is “What are the best companies to represent my work?”

Corbis Transition Almost Complete

By Jim Pickerell | 600 Words | Posted 4/28/2016 | Comments
Getty has supplied Corbis contributors with the information below. For many the most important information is that after May 2nd Corbis contributors who have not signed a separate agreement with Getty Images will be released from their contributor contracts and all survival periods will be waived.

Getty Files Google Image Piracy Complaint With EU

By Jim Pickerell | 779 Words | Posted 4/27/2016 | Comments
Getty Images has filed a competition law complaint with the European Commission against Google Inc. The complaint follows Getty Images’ submission in June 2015, when it joined as an interested third party in support of the European Commission’s existing investigation into Google’s anti-competitive business practices.

Uberization Of Stock Photography

By Jim Pickerell | 755 Words | Posted 4/26/2016 | Comments
The take over of the stock photography business by amateurs and part-timers is not new, but the long range implications are worth considering.

Drastic Royalty Cuts Change Photogs View Of 500px

By Jim Pickerell | 749 Words | Posted 4/21/2016 | Comments
In 2014 500px introduced (500pxprime.com), a licensing arm of its global online photography community that was launched in 2009 for the purpose of sharing and discovering images. Initially, prices were $50 for web use and $250 for print uses. The royalty share started out at 70%, but now it has been cut to 30%. Photographers are not happy with the pay cut.

Shutterstock Partners With Starpix

By Jim Pickerell | 311 Words | Posted 4/20/2016 | Comments
Shutterstock has signed a 3-year exclusive worldwide distribution agreement with Starpix, a boutique celebrity, red carpet and event photo company that provides photo coverage on the East coast for leading film studio clients and publishers.

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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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