Agencies/Distributors

Dreamstime Celebrates Its 20th Anniversary

By Jim Pickerell | 400 Words | Posted 9/25/2020 | Comments
Dreamstime has announced the start of a celebratory month to mark its 20th anniversary this September. Dreamstime.com was registered in 2000 and disrupted the stock photography market by lowering prices manifold and enabling many photographers to join the industry. In 2004, it gained a top 3 position and has continued to experience sustained and rapid growth, evolving from a handful of photos to featuring 145+ million files in its online library and employing its own proprietary AI, PhotoEye, for filtering the now steady 3 million monthly approvals in 2020.

Changing Stock Imagery Market

By Jim Pickerell | 258 Words | Posted 9/24/2020 | Comments
In an effort to better understand how the global pandemic and cultural movements have impacted the stock imagery industry, Adobe surveyed 600 global creatives in July 2020. Creators feel challenged in today’s creative environment, and 82% of respondents believe 2020 has forever changed the way they will create.

Premium Access Pricing

By Jim Pickerell | 916 Words | Posted 9/11/2020 | Comments
A Getty Images photographer asked if I could explain how Getty calculates its Premium Access (PA) deals where prices for image use vary widely? He pointed out that on his most recent statement he had a number of PA sales for $0.11 and one for $286.00. The vast majority of PA sales (roughly 60% of all sales) are near the low end, but there are also occasional extreme outliers.

Analysis Of Adobe Stock Portfolios

By Robert Kneschke | 1249 Words | Posted 8/21/2020 | Comments
In June German photographer Robert Kneschke did an indepth analysis of the portfolios on the Fotolia website. Adobe displays all the images it represents on both the Adobe Stock and Fotolia websites, but less information is displayed on Adobe. The following information should be an accurate picture of what can be found on Adobe Stock as well as Fotolia.

Shutterstock Public Offering

By Jim Pickerell | 351 Words | Posted 8/14/2020 | Comments
On Wednesday Shutterstock announced a public offering of 2,580,000 shares of its common stock at a price to the public of $48.50 per share. Of this total 2,064,000 of the shares are owned by Jon Oringer (Shutterstock's Founder, Executive Chairman of the Board. The other 516,000 shares are owned by the company. Mr. Oringer will net $100,104,000 from the sale of his shares and the company will earn $25,026,000 from its sale of 516,000 shares bringing the total for the public offering to $125,130,000.

What Kind Of Images Are In Demand?

By Jim Pickerell | 1220 Words | Posted 8/11/2020 | Comments
If you would like insight into the kind of images that are in demand and what you should be shooting you might want to take a look at AdobeStock. Adobe offers some features other major agencies don’t. Exploring the site could help you decide what kind of images might earn the most money for you.

Getty “Market Freeze” Update

By Jim Pickerell | 175 Words | Posted 8/11/2020 | Comments
After publishing our article “Getty’s RF ‘Market Freeze’: Expensive Customer Mess?"  I received the following clarifying message from Matthew McKibben, Getty Images, PR Manager in The Americas. He said:

Getty’s RF “Market Freeze": Expensive Customer Mess?

By Robert Kneschke | 853 Words | Posted 8/7/2020 | Comments
Getty Images offers customers anything they want,  but their decisions don't  always seem well thought out. In November 2019, Getty Images ended the "right managed" license model, with which image buyers were able to buy, among other things, exclusive image rights for certain regions, industries, etc., which they called the "Market Freeze" feature.

Stock Photography: Is Volume The Answer?

By Jim Pickerell | 1402 Words | Posted 7/29/2020 | Comments
I can remember when I was primarily an assignment photographer and occasionally sold outtakes from assignments on the side. Most of the income I needed to support my family came from assignments. Stock sales gave us a little extra. Demand for stock started to grow and it became harder for me to get assignments as I was working in an area where the competition was stiff from a lot of top quality experienced photographers. Buyers wanted to pay a little less than it cost to do an assignment. They liked having instant access to the stock image they needed and not having to spend a lot of their time organizing assignment shoots.

Shutterstock Q2 2020 Financial Results

By Jim Pickerell | 1453 Words | Posted 7/28/2020 | Comments
Shutterstock has reported Q2 2020 revenue of $159.2 million down 2% compared to $161.7 million in Q2 2019 and down from $161.3 million the previous quarter. Revenue per download was $3.61 per-image compared to $3.44 in Q2 2019 and $3.42 the previous quarter. Total image and video downloads for Q2 were 44 million compared to 46.6 million a year earlier and down from 46.8 million from the previous quarter. At the end of the quarter Shutterstock had over 340 million images and 19 million video clips in its collection,

Shutterstock Partners With Microsoft: Gives Advertisers Free Images

By Jim Pickerell | 252 Words | Posted 7/24/2020 | Comments
Shutterstock has entered into a partnership with Microsoft to give brands access to the stock photography company’s library of images for use in ads. The API integration with Microsoft Advertising will give advertisers on the Microsoft Audience Network FREE ACCESS to millions of commercially licensed images.

What’s Fair Compensation?

By Jim Pickerell | 203 Words | Posted 7/24/2020 | Comments
Shutterstock’s gross revenue in 2019 was $648,500,000. Total royalties paid out to all contributors in 2019 was about $181,730,000. Total Shutterstock stock owned by Jon Oringer is worth over $650,000,000.

Getty Helps Designers Take Advantage Of Photographers

By Jim Pickerell | 346 Words | Posted 7/24/2020 | Comments
A Getty Images photographer reports that he gets a lot of sales to a Scottsdale, Arizona company called Design Pickle that offers full design services to businesses. Getty licenses these photo uses for $0.17. The photographer gets a $0.03 royalty for his work.

Getty Market Freeze

By Jim Pickerell | 134 Words | Posted 7/24/2020 | Comments
Now that all of Getty Images’ Creative Image offering is Royalty Free the company seems to be trying go occasionally get a somewhat higher price for certain uses by offering a Market Freeze. They tell customers, “With Market-freeze, you can rest easy knowing we'll remove this image from our site for as long as you need it, with custom durations and total buyouts available.”

Black Lives Matter Keywording Tip

By Jim Pickerell | 75 Words | Posted 7/9/2020 | Comments
Getty Images has passed along a keywording tip to its photographers who may be taking pictures related to Black Lives Matter.

Is There A Need For A Publication Like Selling Stock?

By Jim Pickerell | 558 Words | Posted 6/23/2020 | Comments
After reading my story “Copyright Protection For Photos Is Dead” Paul Melcher wrote, “If there is no more copyright, then there is no more licensing. If there is no more photo licensing then there is no more reason for the existence of ‘Selling Stock’"

Mobistok Empowers Photographers With New Selling Platform

By Jim Pickerell | 443 Words | Posted 6/18/2020 | Comments
Mobistok in Hamburg, Germany has announces a new platform for licensing uses to stock images which puts power back into the hands of photographers. Anyone who shoots images with their smartphones can go to Mobistok to put their imagery up for sale. While many stock photo websites make it a bit more difficult for individuals to sell their photos, Mobistok has been created from the ground up as a seamless way to sell photos and videos.

Shutterstock Reduces Royalty Rates Dramatically

By Jim Pickerell | 1547 Words | Posted 5/29/2020 | Comments
On May 26th Shutterstock announced that in an effort to cut costs and increase profits as of June 1, 2020 it would dramatically reduce future royalty rates paid to contributors. The new rates will no longer be based on a contributor’s lifetime earnings. At the beginning of each year all contributors will start with zero downloads/licenses and a 15% royalty rate. Previous sales history will be disregarded when it comes to determining royalty percentage. The number of downloads needed to rise to a higher royalty level are as follows:

Shutterstock Ten Year History

By Jim Pickerell | 718 Words | Posted 5/1/2020 | Comments
The chart below allows you to easily track the last 10-year growth trend of Shutterstock quarter-by-quarter and see the number of images in the collection, number of downloads and the gross quarterly revenue at the end of each quarter. You can also see the average revenue-per-download and revenue-per-image-in-the-collection trends.

Cutcaster Closes On Saturday

By Jim Pickerell | 225 Words | Posted 4/24/2020 | Comments
Founder John Griffin has announced that he will be closing the microstock site Cutcaster on Saturday April 25, 2020 after nearly 12 years of operations. He gave everyone a few days notice so buyers could make use of any existing funds they have on account and he encouraged contributors with more than $5 on account to request a payout before the closing deadline.

Shutterstock New Footage Subscription Offer

By Jim Pickerell | 470 Words | Posted 4/17/2020 | Comments
Shutterstock, Inc has launched an annual subscription for Shutterstock Footage. Shutterstock’s collection of 18+ million HD and 4K video clips are now available for license through a range of cost-effective monthly plan options or for less than $9 per clip through an annual plan.

Design Pics Becomes Interim Manager Of Masterfile

By Jim Pickerell | 835 Words | Posted 4/7/2020 | Comments
Design Pics Inc., based in Edmonton, Alberta, Canada has assumed the interim management of Masterfile during the bankruptcy process. Masterfile first filed to restructure its business in April 2017 and was unable to make any royalty payments to photographers after January 2018. According to information supplied to creditors by Harris & Partners, the insolvency trustee, as of March 3, 2020 Masterfile had total assets of $270,000 and total liabilities of $4,092,654.41. They owe royalty payments for the images they licensed to 530 stock agencies and independent photo creators.

Re-launch Of House of Pictures Website

By Jim Pickerell | 446 Words | Posted 4/1/2020 | Comments
House of Pictures, the picture agency for premium interiors, has been part of Image Professionals GmbH since October 2019. The Munich-based agency group unites various leading specialist picture agencies under one roof. The website www.houseofpictures.com has undergone a complete re-launch, presenting new agency content, updated functions and a revised, fresh design.

Shutterstock Footage Library Available for Mobile Users 

By Jim Pickerell | 271 Words | Posted 4/1/2020 | Comments
Shutterstock, Inc. has announced that its footage offering is now available for license in SD, HD, and 4K for customers using iOS and Android applications. With over 17 million videos in the collection, searching, saving and licensing footage content allows customers to create engaging video content from a mobile or tablet device.

Making Money When You Can’t Produce New Images

By Jim Pickerell | 659 Words | Posted 3/26/2020 | Comments
“Sheltering in Place” will certainly hurt many photographers. Photographers won’t be able to get out to shoot new images. Customers won’t be coming to your studio. You might be able to shoot still lifes in your home, but getting props may be difficult. So what can you do to pay your bills? One possibility, particularly if you have a large stock photo collection, is to check out Canva and see if they will pay a one-time fee to purchase rights to a significant number of your images for inclusion in their Free collection that they make available to their Graphic Design customers.