Jupiterimages Credits Getty For Its Rights-Managed Growth

Posted on 8/24/2007 by Julia Dudnik Stern | Printable Version | Comments (0)

Though recent revenue reports of leading stock-licensing companies have disappointed investors, Jupiterimages CEO Alan Meckler says his company's rights-managed business is on the rise.

Meckler credits Getty Images' refusal to distribute Jupiterimages stills several years ago as largely responsible for the current upward trend. He mentions the efforts of company staff and the quality of Jupiters' rights-managed collections as other reasons for growth, emphasizing Workbook and FoodPix as the top brands.

Perhaps most important is the fact that the rights-managed category is not being cannibalized by micro-payment stock in the same way as royalty-free. According to Meckler, "the rights-managed model is impervious to the growth of microstock, because of rights issues and the quality demanded by the typical rights-managed buyer."

He points out that the rights-managed licensing model still accounts for nearly half of all image sales. When Getty Images announced its 2006 revenues, CEO Jonathan Klein estimated that the company's rights-managed sales accounted for 30% of all 2006 still-image sales. Others put rights-managed imagery at 40% of the commercial stills market.

The commercial rights-managed segment may be large, but Selling Stock estimates put Jupiterimages' share of it at less than 1%. Getty Images brought in close to half of this segment's roughly $625 million in total revenues in 2006, and Corbis accounted for approximately 15%.

Still, Jupiterimages already generates more than twice the royalty-free revenues of Corbis. If this newly reported rights-managed growth holds, the third-largest stock business may begin to encroach on its larger competitors in this arena. "We should be able to continue to take the rights-managed market share," promises Meckler.

Copyright © 2007 Julia Dudnik Stern. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz


Be the first to comment below.

Post Comment

Please log in or create an account to post comments.

Stay Connected

Sign up to receive email notification when new stories are posted.

Follow Us

Free Stuff

Stock Photo Pricing: The Future
In the last two years I have written a lot about stock photo pricing and its downward slide. If you have time over the holidays you may want to review some of these stories as you plan your strategy ...
Read More
Future Of Stock Photography
If you’re a photographer that counts on the licensing of stock images to provide a portion of your annual income the following are a few stories you should read. In the past decade stock photography ...
Read More
Blockchain Stories
The opening session at this year’s CEPIC Congress in Berlin on May 30, 2018 is entitled “Can Blockchain be applied to the Photo Industry?” For those who would like to know more about the existing blo...
Read More
2017 Stories Worth Reviewing
The following are links to some 2017 and early 2018 stories that might be worth reviewing as we move into the new year.
Read More
Stories Related To Stock Photo Pricing
The following are links to stories that deal with stock photo pricing trends. Probably the biggest problem the industry has faced in recent years has been the steady decline in prices for the use of ...
Read More
Stock Photo Prices: The Future
This story is FREE. Feel free to pass it along to anyone interested in licensing their work as stock photography. On October 23rd at the DMLA 2017 Conference in New York there will be a panel discuss...
Read More
Important Stock Photo Industry Issues
Here are links to recent stories that deal with three major issues for the stock photo industry – Revenue Growth Potential, Setting Bottom Line On Pricing and Future Production Sources.
Read More
Recent Stories – Summer 2016
If you’ve been shooting all summer and haven’t had time to keep up with your reading here are links to a few stories you might want to check out as we move into the fall. To begin, be sure to complet...
Read More
Corbis Acquisition by VCG/Getty Images
This story provides links to several stories that relate to the Visual China Group (VCG) acquisition of Corbis and the role Getty Images has been assigned in the transfer of Corbis assets to the Gett...
Read More
Finding The Right Image
Many think search will be solved with better Metadata. While metadata is important, there are limits to how far it can take the customer toward finding the right piece of content. This story provides...
Read More

More from Free Stuff