Internal rumbling continue at Getty Images. In exchange for promising to freeze any layoff for the next six months, they have implemented a no merit /raise increases/bonuses for 2008. With the ad market being dramatically reduced and editorial photography market shrinking every day, it is not really a big surprise. Corbis, apparently, is doing mini … Read More →
According to the New York Post, Time, Inc. is refusing to pay the additional 7 cents per publication asked by one of their distributor as of Feb 1. With its circulation already diminishing on most of its title, this might result in a titanic battle of wills between the two companies. Obviously the distribution company … Read More →
AFP, AP and Reuters said no. Getty Images just went for it. As a new President enters the White House, a new photo policy seem to emerge. After the really bad images of him backstage watching the results of election night posted on Flickr, Obama, or his administration, has broken tradition by making the first … Read More →
While two of the United States magazine distributors are raising their rates in the worst economic period possible, adding a potential $1 billion in cost to an already battered publishing industry, it has become clearer that the photo industry needs to brake out of its traditional chains. According to the New York Post, two companies … Read More →
Getty Images is to phase out its rights Ready scheme. according to an announcement to its contributors, Getty Images wrote : “Through constant communication with our customers over the past two years, weve learned that in addition to the need for simpler, faster licensing, customers also want to maintain their ability to very precisely fine-tune … Read More →
According to Michael Arrington of TechCrunch, Flickr was inches away from releasing FlickrStock, allowing users to license their images for a fee. Apparently Getty convinced the Yahoo executive that an exclusive deal with them was much better. Getty protected its valuable Istockfoto asset thanks to this deal and delayed the opening of the flood gates. … Read More →
