An analysis by the lawyer retained by StockArtistsAlliance (SAA) of the new Getty Images photographer contract.
Index Stock Imagery, Inc. has closed the last $4.5 million of its $20 million mezzanine funding round and is on track for reaching profitability by the end of the year according to Bahar Gidwani.
In response to yesterday's announcement that Pictor International, Inc. had filed Chapter 11 bankruptcy in the U.S., Pictor International, Ltd. has made the following statement.
This issue has stories on 2001 Photographer Profits Survey, Flat Sales At Getty, Dilemma For Getty Photogs., Tony Stone Is Back, Zefa Acquire Benelux, Masterfile, Greenbery Win Court Battle With National Geographic, and more.
This series of short items covers: Copyright Alert to stop the Hatch-Leahy Ammendment, Getty Shooter seems to have found the key to success, ASMP's Co-op Business Plan, Catalog selling on the web, Objections To Getty's Photographer Contract Grows and CEPIC to Release Industry Statistics.
On May 3rd Pictor International, Inc., a subsidiary of Pictor International, Ltd. filed Chapter 11 bankruptcy in the District of Columbia. The company had total assets of $635,000 and debts of $1,278,341. The bankruptcy affects the U.S. subsidiary, not the parent.
Getty Images has announced sales of $125.8 million for the first quarter of 2001. This was about 4% below the $130 to $133 million guidance provided by the company on February 8th, and less than a million above the 4th quarter 2000 revenue of $124.9 million.
Only 97 photographers responded to this year's survey. They had total stock income of $8,877,211 in 2000 and additional photographic income of $5,579,669 for a total photographic income of $14,456,880. Analysis of the data is in this report.