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Getty’s Turnaround Potential

By Jim Pickerell | 1208 Words | Posted 3/26/2015 | Comments
I’m getting more frequent requests from long/short hedge fund investors about Getty Images’ turnaround potential in 2015. Getty’s $550 million of 7 percent unsecured notes due in October 2020 are selling for approximately 50 cents on the dollar. Investors are trying to determine if that is a good price, or if they could go even lower. (Getty also has about $2 billion in additional debut.) Here’s some of what I tell them.

Is Stock Too Expensive? Must Prices Go Down?

By Jim Pickerell | 425 Words | Posted 3/24/2015 | Comments (1)
Back in the early 2000s Graphic Designers started complaining that Royalty Free stock was too expensive and began looking for less expensive ways to get the photos and illustrations they needed for their projects. That was the birth of microstock. Now Christian Toksvig, former Getty Images VP, Christian Toksvig,, thinks there is new demand for still lower prices. He has founded StockUnlimited and is offering unlimited vector downloads for $9.99 per month.

New York Times Digital Revenue

By Jim Pickerell | 109 Words | Posted 3/24/2015 | Comments
According to Meredith Kopit Levien, New York Times EVP of Advertising, speaking to OMMA SXSW in Austin, TX recently, “Last year the Times did about $180 million in digital advertising and almost that much in digital subscriptions. That puts us at a digital business that’s in the $350 million range."

Novel Expressions Looks To Fill Void

By Jim Pickerell | 168 Words | Posted 3/24/2015 | Comments
Royalty free stock image agency Novel Expression and Jenn LeBlanc of Illustrated Romance are launching the Exclusive Jenn LeBlanc for Novel Expression collection. The initial collection will feature images of male and female same sex couples in both contemporary and historical costumes.

HMH – Is $300 Per Picture A Deal?

By Jim Pickerell | 1329 Words | Posted 3/23/2015 | Comments (1)
Houghton Mifflin Harcourt (HMH) has started requesting images directly from some very experienced stock photographers and offering them $300 for all-future-rights, including copyright, to any image they select.

Old Stock Agencies Never Die – Imagestate Liquidated Again

By Jim Pickerell | 198 Words | Posted 3/20/2015 | Comments (1)
Under the title “Imagestate Media Partners Limited – In Liquidation” the Joint Liquidator in the UK reported on 6 March 2015 that Imagestate had been liquidated.

MPEVImages: What’s In A Name?

By Jim Pickerell | 876 Words | Posted 3/18/2015 | Comments (1)
Bond traders are asking “If Getty Images changed its name, but had all the same content and pictures, would this have a significant impact on sales/marketing?” The reason for this question is that revenue has been declining for Getty for at least eight quarter and it is becoming increasing apparent that there is likely no way to turn the business around.

iStock Stages 10th Anniversary iStockalypse In Dubai

By Jim Pickerell | 334 Words | Posted 3/17/2015 | Comments
iStock by Getty Images will stage the UAE's first ever iStockalypse event in Dubai from 26 thru 28 March, 2015. Specifically chosen as a fitting venue to mark the 10th anniversary of iStockalypse events, iStockalypse Dubai will bring together a select group of both local and global photographers and videographers for three-days of creative shoots and visually themed talks.

Stock Photography - A Two-Sided Market

By Jim Pickerell | 2728 Words | Posted 3/16/2015 | Comments (2)
Stock photography is a two-sided market. For the most part image producers need a distributor to make potential customers aware of their work. Image buyers need distributors to make it easier for them to find what they need when they need it. The distributor needs to cover its cost of providing the service and make a profit. But the distributor must also manage the delicate balance between what customers are willing to pay and generating enough royalty for contributors to encourage them to continue to produce.

Klein Steps Down As Getty Images CEO

By Jim Pickerell | 660 Words | Posted 3/13/2015 | Comments
Jonathan Klein, Co-Founder and CEO of Getty Image, has stepped down as CEO 20 years to the day after he and Mark Getty founded the company. Klein will continue as chairman and will remain instrumental in determining strategy, direction and vision for Getty Images. As Klein transitions into his new role as Chairman the company is expected to “expand its footprint in the consumer space.”

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About This Site


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.