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.

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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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