Selling-Stock has managed to gather more information about what has been happening at VCG. According to sources sometime after the Corbis acquisition VCG decided to copy Getty’s Premium Access strategy and launch a PA plan of its own. In addition to all the Getty and Corbis creative and editorial images, the iStock images are also available to the customers who purchase a PA plan.
On April 26, 2019, the Fourth Circuit Court overturned a Northern Virginia District Court decision that allowed Violent Hues Productions, LLC’s to use a cropped version of a photo to promote a Film and Music Festival without compensation to the creator. Violent Hues had made no effort to request permission or compensate photographer Russell Brammer for the use and claimed “Fair Use” in court. (See
July 2018 story.)
It is less than one month until the annual
CEPIC Congress convenes in Paris on June 5 thru 7, 2019. Each year this event is the single most important meeting of people from all over the world who are engaged in the picture licensing industry.
On May 9, 2019 Mark Milstein will be offering a seminar in New York on Time-based Metadata: The Key to Video Discoverability and Content Immortality. The presentation will be at B&H Photo. Click
here to register. You can also watch online.
ACSIL and
Thriving Archives have completed their fourth
Global Survey of Stock Footage Companies (AGS4) since 2007 and estimate worldwide stock footage revenue in 2018 at $570 million, more than double what it was in
2007. Data for the survey launched in July 2018 was collected from 84 of the estimated 415 footage licensing companies worldwide.
Will more images in an agency collection grow revenue? Is more choice always better?
Shutterstock is adding 1,608,350 new images a week to its collection. That’s 229,764 new images a day. The average customer reviews 500 or fewer returns before changing search parameters. So how do they make it possible for customers to review all those new images?
The stock photo market in China may be bigger, and more lucrative than many people think. Gaopin Images tells Selling Stock that their average gross sale to Chinese customers in 2018 was $35,
17% more than what Getty is earning worldwide and
44% more than the gross China sales Getty is reporting to its contributors.
I was asked recently to appraise the value of a collection of stock images that were being donated. Back in the 1990s and even the early 2000s this would have been a relatively easy task. I would look at the revenue the collection had generated in previous years, determine the rate of revenue decline year over year and assess, based on the type of imagery, the length of time they might continue to have commercial value.
Shutterstock has reported Q1 2019 revenue of
$163.3 million up $6.7% compared to Q1 2018, (excluding Webdam which was sold in the first quarter of 2018). The revenue was almost flat with the $162.1 million generated in the previous quarter. During the conference call CFO Steven Berns pointed out that traditionally revenue for Q1 is very similar to revenue in Q4 of the previous year. Revenue per download averaged
$3.42 per image, compared to $3.40 in Q1 2018.
Shutterstock, has announced the renewal of its agreement with The Associated Press (AP) to distribute AP’s daily global photo output for license to customers based in the U.S., U.K. and Ireland.
More Free Articles
Other Recent Stories
Take a look at Jon Oringer’s $52 million home https://www.dailymail.co.uk/news/article-9562059/Billionaire-founder-Shutterstock-lists-oceanfront-Hamptons-home-52-million.html
in the Hamptons on Long...
Read More
The chart below allows you to easily track the growth trends of Shutterstock quarter-by-quarter over the last 11-years and see the number of images in the collection, number of downloads and the gros...
Read More
Shutterstock has reported Q4 2020 revenue of $180.9 million up 9% compared to $166.4 million in Q4 2019 and up from $165.2 million the previous quarter. Revenue per download was $3.91 per-image compa...
Read More
More from Microstock
With the decline in public sporting events due to Covid-19, and thus the need for photo coverage, many sports photographers have seen a significant decline in demand for their services. But media com...
Read More
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 sa...
Read More
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. Sto...
Read More
More from Macrostock
Stay Connected
Sign up to receive email notification when new stories are posted.
Follow Us
About This Site
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.
Top Categories