Is There A Need For A Publication Like Selling Stock?

By Jim Pickerell | 558 Words | Posted 6/23/2020 | Comments (3)
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’"

Licensing Stock Footage

By Jim Pickerell | 291 Words | Posted 6/18/2020 | Comments (1)
Recently, I was asked to provide a list of some of the best agencies that license footage. I provided the following list and recommended that the videographer try to put the same clips with multiple agencies, non-exclusively, in order to maximize sales.  Pond5, Shutterstock, AdobeStock, iStock, Dissolve and Storyblocks.

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.

No Bottom Line Pricing

By Jim Pickerell | 1504 Words | Posted 6/17/2020 | Comments (3)
The stock photo industry has developed into a business with No Bottom Line pricing. Some customers can get as many images as they want for whatever they are willing to pay. That is why more and more frequently royalties paid photographers are in cents, rather than dollars. I can’t think of any other industry that operates this way.

DMLA and CEPIC Conferences

By Jim Pickerell | 390 Words | Posted 6/12/2020 | Comments
The two major trade associations for those who license stock photo images and video are CEPIC and DMLA. The DMLA (Digital Media Licensing Association) is primarily a U.S. organization that usually has its annual conference in late October. CEPIC (Coordination of European Picture Agencies Stock, Press and Heritage) is based in Europe, and usually draws attendees from around the world. CEPIC normally has its annual Congress in late May or early June. However, due to the COVID-19 pandemic it was necessary to postpone its 2020 Congress. The 2020 Congress has now been re-scheduled to take place from May 19 through 21, 2021 with no actual Congress occurring in 2020.

Do Photographers Have Any Rights?

By Jim Pickerell | 592 Words | Posted 6/12/2020 | Comments (1)
A couple days ago we told you about the sad case of Stephanie Sinclair who had an image used by Mashable after she told them that $50 wasn’t a sufficient payment for permission to use her copyrighted image. After 4 years a judge in the Southern District Court of New York decided in Mashable’s favor saying that if a photographer posts a picture on a “public” Instagram account anyone can use that picture for any purpose whatsoever without permission or compensation.? But now Instagram tells Ars Technica, their TOS doesn't give companies like Mashable the right to make such uses.  Which legal opinion is right?

Copyright Protection For Photos Is Dead

By Jim Pickerell | 1364 Words | Posted 6/10/2020 | Comments (2)
One or my readers, Amyn Nasser, recently asked, “Isn’t it about time that ALL photographers started using copyright watermarks on all images that appear on social media platforms?" To a certain extent many photographers and agencies have tried for a decade or so to reduce infringement by placing watermarks on their images. For the most part the effort has been a total failure. This story will explain some of the reasons why.

Professional Photographer Dilemma

By Jim Pickerell | 798 Words | Posted 6/5/2020 | Comments
Photographers interested in licensing rights to the images they produce, or in showing their work in hopes of getting assignments, have a dilemma. The only way they can earn money is to advertise and show potential customers what they can do, but the very act of showing in today’s Internet environment creates a huge risk that the images will be grabbed and used without compensation.

Government Aid For The Self-Employed

By Jim Pickerell | 432 Words | Posted 6/4/2020 | Comments
Self-employed, freelance photographers are being hit especially hard by the covid 19 pandemic. Most normally work from one short-term job to the next. They tend to be paid by the job, or the project, not a salary. Often these jobs last only a day, or less in terms of hours spent. When everyone is sheltering in place and much of the country closed down it is impossible for many photographers to find any work at all. The CARES and Pandemic Unemployment Assistance (PUA) programs have focused on helping salaried employees, not those who are self-employed.

Copyright Owners Bear the Brunt of Protecting Against Piracy, 512(c) Report Finds

By Nancy e. Wolff | 280 Words | Posted 6/3/2020 | Comments
On May 21, 2020, the United States Copyright Office published its long awaited 512 (c) report and issued recommendations. The Copyright Office’s report looks at Congress’ intent in enacting the Digital Millennium Copyright Act (DMCA), which offered service providers safe harbors to provide incentives for internet platforms and copyright owners to cooperate in order to detect and deal with copyright infringements in the online environment. The Report looks at that balance in light of the changes in the internet in the past 20-plus years and concludes that the current operation of the section 512 safe harbor system is unbalanced, with copyright owners bearing too much of the burden to deter piracy<

Global Stock Photography Growth Potential

By Jim Pickerell | 781 Words | Posted 6/2/2020 | Comments (1)
One thing that has bugged me lately is the host of ads I receive almost daily offering detailed reports of "Global Stock Photography Market Potential Growth" for the next 5 years. I haven&rsquo;t paid for or read any of these reports, but I am pretty sure they are all scans. I hope no one is throwing their money away on these reports, or worst yet, believing them. The creators of these reports ask unsuspecting interested parties for fees ranging from $3,400 to $3,960 to read their fanciful industry growth predictions.

Appellate Court Decides Important Copyright Case In Favor Of Photographers

By Nancy e. Wolff | 945 Words | Posted 6/2/2020 | Comments
The Appellate Court of the Second Circuit in New York has decided an important important case for photographers regarding registrations and “Look Back” periods for copyright damages (Sohm v. Scholastic Inc., No. 18-2110, 2020 WL 2375056 (2d Cir. May 12, 2020). The court upheld the validity of the copyright registration procedure utilized by photography licensing agencies like Corbis Corporation, and held that courts may award copyright damages only for the three-year period preceding commencement of the action.

Future Income For Photographers

By Jim Pickerell | 1216 Words | Posted 6/1/2020 | Comments
Photographers hoping to earn enough producing images to support themselves need to look for another line of work; one that has a better guarantee of income for time invested. The business of photographing meetings and events is unlikely to ever come back to where it was before Covid 19. As the world works its way out of this crisis, there will be fewer small or large group events and more Zoom meetings that are not conducive to photography. But stock photography isn't the answer either.

I'm Back

By Jim Pickerell | 209 Words | Posted 6/1/2020 | Comments
I've been on hiatus for about a month. My wife and I have just sold the home where we've lived for 42 years and moved into a condo apartment about one-third the size of our former residence. Making such a move, only about five miles from where we formerly lived, and getting rid of a huge amount of the stuff that we've collected over the years has been a challenge.

Shutterstock Reduces Royalty Rates Dramatically

By Jim Pickerell | 1547 Words | Posted 5/29/2020 | Comments (2)
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 | 704 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.

Can Stock Photography Be A Profitable Activity?

By Jim Pickerell | 1541 Words | Posted 4/28/2020 | Comments
Considering the cost of producing stock photos, it is hard to see how an average annual return of $0.49 per-image accepted into a stock photo collection can be enough to cover out-of-pocket costs let alone provide any kind of hourly return for time expended. Hourly return will certainly be far below the U.S. minimum wage.

Shutterstock Q1 2020 Financial Results

By Jim Pickerell | 1369 Words | Posted 4/27/2020 | Comments
Shutterstock has reported Q1 2020 revenue $161.3 million compared to $163.3 million in Q1 2019 and down from $166.4 million the previous quarter. Revenue per download remained flat at $3.42 per-image compared to Q1 2019 and down from $3.44 the previous quarter.

Footage Industry Pandemic Impact Survey Report

By Jim Pickerell | 516 Words | Posted 4/24/2020 | Comments
Footage.net has published the results of the Footage Industry Pandemic Industry Survey, which captures a real-time snapshot of how footage companies are responding to the pandemic-related disruptions that began to take hold worldwide in early March.

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.

ITV Extends Exclusive Shutterstock Distribution Deal

By Jim Pickerell | 312 Words | Posted 4/24/2020 | Comments
Shutterstock, has announced a three-year extension to its long-standing exclusive distribution deal with the UK’s largest commercial broadcaster, ITV. Currently, this collection contains 40 million news, sports, entertainment and archival photos and they add 20,000 images of current events daily.

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.

Elaine Vitt New DMLA Executive Director

By Jim Pickerell | 202 Words | Posted 4/13/2020 | Comments
The Digital Medial Licensing Association has appointed Elaine Vitt as Executive Director. Ms. Vitt brings a unique set of skills to DMLA, with significant experience in journalism, international marketing & communications, non-profit trade association management, event planning and content generation.

VisualSteam Stock Buyer Survey

By Jim Pickerell | 836 Words | Posted 4/10/2020 | Comments
VisualSteam’s “7th Annual Survey of Creative Pros: Stock Image Licensing” is a must read for stock image creators and stock agency managers who want insights into what leading, major stock photo buyers need, where they are going to purchase images and what they are looking for in the way of service. It is well worth the $79.99 price.

Better Search Algorithms Needed

By Jim Pickerell | 1314 Words | Posted 4/8/2020 | Comments
Stock photo agencies need to pay more attention to the time limitations of their customers and provide more efficient search options. As image collections get larger and larger searching for the right image becomes harder and harder for the image buyer and requires more and more of that buyer’s time. The problem with the current default search procedures is that customers must look through too many irrelevant images before they find one they can use.