March 12, 2010 by pmelcher.

A thousand words ? Make that 10 million US dollars. Apparently, there is lots of money to be made in the photo industry. Chief CEO founder and master of all photos in the world Jonathan Klein has just bought, for himself and his wife, a  10 rooms, full floor residence at 760 Park Avenue, in the heart of New York city. That sounds like Seattle might not be the center of the Getty universe anymore.

New York magazine describes the living space as  : “A private elevator landing leads to an expansive center gallery. The open floor plan allows guests to flow between the library, oversized living room, and dining room while enjoying eastern light from forty feet of frontage on Park Avenue making it a perfect layout for entertaining. Three well proportioned bedrooms are accessed via a private hallway off the entrance gallery. Originally two bedrooms, the expanded master bedroom with wood burning fireplace and his and her dressing rooms and baths, sits on the corner of 72nd and Park Avenue. A recently renovated eat-in-kitchen with den and maid’s room complete this gracious layout.”

You can see pictures of the inside of the apartment here( probably not for long) as well as read about his neighbors here.

If you are a Getty photographer, you can now be proud to know that every time you get a sales statement with a few dollars on it, you have happily contributed to helping your boss finally find a cozy little “Pied a terre”. If you are not, then now you know where the money for day rates and licensing fees have gone to.

Posted in finance, transaction, editorial, getty | Print | 3 Comments »

February 26, 2010 by pmelcher.

So, the big Kahouna himself, founder and CEO of the photo destroying company Getty, Mr Klein is on a visit to check on his troops in Vancouver, while they snap away at Olympic hopefuls. During his visit in Vancouver, he is snapped away by CNBC investigative team for what they call a “Power Lunch”.

While they sit down and eat nothing, the conversation immediately jumps into some of the toughest question the poor man has had to answer, like how difficult it must be to run a company that has turned private. The Klein manages to escape the potential trap by explaining that it is, O so hard to go from screaming shareholders to a lonely, but rich, sole owner. But then, in a stroke of never seen journalistic boldness, one of the journalist questions the CEO about Getty’s role in the now famous Tiger Wood image released two days before his press conference. Pap’ agencies allegedly “lost” a potential 1 million revenue because of that practically free image. Here’s what Johnathan answered:

“Over a long period of time, Getty Images has established itself as the gold standard in terms of not only the image quality, but the way we behave. As a result of that, we don’t do paparazzi images and as a result of that, we often get a called in either for a non-profit basis like we do all the Brad Pitt and Angelina Jolie photos entirely non-profit…We were approached and Tiger happened to know the photographer (Sam Greenwood) and has known him for a long time.”

Yes, you read it right : “we don’t do paparazzi images”. Well, let’s take a look at your website and check :

From yesterday:

Right, Getty doesn’t call that Paparazzi, they call it : Candids. Like they are just doing something quite harmless and innocent.  “me officer ? No, I am not a paparazzi, I am a candid photographer”. Do they also eat candies while taking candid pictures ?

During the same response, the Klein also notes on Getty’s such wonderful friendship with the likes of Angelina Jolie and hubby Brad Pitt. Again, let’s check on his site :

O ya. That is PR approved portrait studio in all it’s splendor, isn’t it ? I am sure Jolie is happy with that shot and the many other “candid” images of Jolie on the Getty site.

Getty, no paparazzi ? Right !! Like Corbis is making a profit. We beleive you, Mr Klein.

More of the Pulitzer prize quality interview by two top notch heavy duty CNBC reporters a this link.

While you that, I am going to take my 300 mm and find a nice bush from behind which i can hide and take beautiful Candid photography for my portfolio …

Posted in No sense, celebrity, magazine, lens, wire service, finance, corbis, news, editorial, transaction, getty | Print | 1 Comment »

February 22, 2010 by pmelcher.

      Tired of Orphan works endless discussion ? Fed up about Microstrock, Getty and Google treating photography as a garbage dump ? Bored of reading self-proclaimed photo gurus telling you that “posterity is right around the corner “? Tired of spending gazillions hard earned dollars ( or pesos, or Euros, or Krons ?) on far away workshop with cynical and decadent reporters who need a new camera and couldn’t give a crap what your name is ? Or are you just loosing your eyesight on another overpriced piece of software supposedly made to enhance your workflow but actually puts you that much further from delivering your images on time ?

Well, if you have a Facebook account ( which, by the way, you should by now), head of to “L’apero du premier Jeudi du mois“. Apparently created by a group of French photographers who just like to have fun, and a drink, once a month  ( on the first Thursday of the month) , it is becoming the place to hang out. Why ? because they have just launched their first photo contest.And unlike PDN or other self righteous photo publication, it is free and fun.

Here are, in a nutshell, the rules.  5 images, coherent, on one topic, which is a pun in French : ” Aperitif: Contact Glasses” . You know, in France, when they go out for drinks, before dinner, they have a beer, or a Kir, or a Ricard, and they wish each other a good health ( “as ta sante”, or “a la votre”) before hitting their glasses together and slipping it away. A good way to push away a bad day and a great way to start an evening. The short photo essay for the contest that runs from March 1 to May 5, should illustrate that.  Simple enough ?

The prizes ? O yes, of course, this is what you win ( if you win):

1 prize : a Camenbert

2nd prize: a bottle of Zubrowska

3rd; Pize : a Ricoh camera

The jury ? : everyone. the images will be posted on Facebook and anyone can vote for their favorite . In June, the winner will be announce. So next time you sit down for drinks with your friends after a long boring day and let your thoughts drift into the friendship space, grab a camera and photograph this precious moment . Who knows, you might win a camenbert.

All info ( in French, for now) at the Facebook page here.

Posted in license, IPTC, copyright, magazine, technology, keyword, web 2.0, editorial, finance, slideshow, photojournalism, getty | Print | No Comments »

February 17, 2010 by pmelcher.

Wired magazine, in the trail of others, has partnered with Adobe Air, to display what their publication will look on a E reader. There are a few interesting points here.

First, for the geeks out there, it is interesting to see that Adobe, whose Flash is not supported by Apple’s Ipad, is now pushing Air  as a delivery platform. There will be a battle out there on what application will be running all these E magazines and Adobe is shooting the first salvo.

The second part is that Wired present this as an addition to their print publication, not as a replacement. As much as they are investing in the new technology, they are not ready to drop their print, web, IPhone apps just for that.

The Third, is that besides a format, there is no mention of hardware. It is supposed that this is for an Ipad, but really, it is for any existing or to be invented color tablet  ( sorry Kindle).

What about photography usage? Well, they are some very compelling statements here.

Images are a key element of this evolution. From 360 to immersible, from stop action to galleries, there are many forms of photography shown. Nothing new indeed, but a new usage certainly. Where do you find stock for 360 photography ? nowhere currently. So where will they go ?  Assignment, surely. Are you ready ? There is stock for panoramas images, but will that be enough ? And is the micro stock community going to plunge into this also ?  Probably.

However, the more important element of photography usage here is the option to share it. Either via email or social networks, almost every image can be shared with a click of one button. Now, we all know that editorial pricing has always been about placement, time and geography. What has never been appropriately addressed with web usage is now going to become standard practice for all editorial. Al thought you have  licensed your  image for a week, a month and for a small side usage, next thing you know it’s all over the web, in different format, given away for free to people you have never heard of. And never will.

Sure, you can go the Getty way. Here, pay me $49 and do whatever you want with the image. I would like to see Getty’s executives faces when one of their $49 image goes viral. Ouch. Na..not a good idea. Images should be license based on usage and usage should be tracked per number of clicks. After all, if an article or an image published on Tablet gets shared a lot, it is all in the benefit of the publication, right ? It’s free marketing. Yet, your image has been instrumental to that sharing action, so shouldn’t you be compensated ?

What do you mean you do not know how much click it has seen ? Do you know how much circulation a magazine has ? Yes, ok, well, with a link, it is even easier to track. They want a sharing option on your images, charge them either an additional flat fee, or a fee per clicks. But please, charge something. You are not Getty. You will not get back in volume what you just gave away for free. Never.

So. first thing first: Add to all your invoices  and delivery statement “NO DIGITAL RIGHTS” . If they want web usage or E Readers, then lets negotiate a different fee. Ask if there will be a sharing option . If yes, then add an additional fee. How much? well, that is up to you to decide.

Be proactive. You will be proud you did.

Posted in celebrity, copyright, license, magazine, technology, E Reader, commercial stock, multimedia, newspaper, editorial, getty, Royalty free, transaction, finance, web 2.0, photojournalism, Microstock | Print | No Comments »

February 5, 2010 by pmelcher.

So, there was something very interesting about the photo news the week. On one side, you have the mighty Getty ( aka, the whale) who took a deep plunge in pricing with its subscription RF offering, combining microstock and pro , and on the other, legendary Magnum who manage a great coup by selling some used prints for an estimated $ 30 million dollars.

Like two extremities of the same stick, this is a great reflection of where the business of photography stands today . On one side an entity that has reduced its photography to a cheap commodity to be sold as individual snapshots and on the other, a photographers coop that is so highly respected that it can sell old back and white prints full of written notes as highly valuable historical artifacts.

Yet, both are selling the same thing : photographs . According to numerous interview given by Mark Lubell, director of Magnum New York, one key condition for the members of the coop to approve the sale was that the images would not be scattered and sold as individual entities. Magnum photographers have a long established tradition of selling pictures as a story, a group of images, that tells a story. It has been numerously debated, over the years, that Magnum could have maybe had made more profit if it had broken  these stories and sold them as individual images.

But none of the photographers-creator would have it any other way. Shot as a story, sold as a story. Part of the condition for the deal with the Michael Dell owned fund is that images cannot be separated from the story they belong to. On the other end of the spectrum, Getty does the exact opposite. It extracts images from their context, their stories , and sell them as individual files. There motivation is that the image, alone, has more chance of finding a buyer than a group of images, sold as a story. Also, individual files sales  can easily be automated while photo essay, and photo journalism in general, needs a pitch, an explanation, a real human sales person.

And there is where a key differentiation appears that is reflected everywhere in the marketplace. If your business is about licensing individual files, then its all about volume. You do not take a proactive approach to selling. Instead, you try to cover any possible potential need for an image that could humanly be conceived. You stick them in an archive. And then you wait . You wait for a buyer to come and be hooked. or not. The market creates the demand.

If you license a photographer’s work, a story, a career, an inspiration, the approach is completely different. You cannot wait for a client to come and find it. You have to go out and fetch it. You have to take the photographer’s work, find a potential client who could be interested and close the deal. The photographer, in this case, creates the demand.

If you want the market to create the demand, the prices are low, very, very low. If you create the demand, the prices are high, very high.

Unfortunately, most photo agencies these days have gone the route of competing with each other on the individual file sales path. Mostly because it much easier, cheaper, and demands almost no special skills. The more the agencies, the more the offer, the more prices go down. Getting amateurs to fill these image banks has recently greatly lowered the costs, with the pervert effect of also lowering the prices.

Magnum, and others, like Contact, Redux, PictureGroup, Aurora have deliberately chosen to represent photographers’ work and not distribute individual files. Their production is the reflection of its chosen creators, their image bank set up to license stories , and their sales staff experienced in the complex art of pitching. Sure, it’s more expensive and much more complicated. It demands talent and sometimes obstination against frustration. However, the prices are dictated by the value perceived by the creator, not the by the market. The result : deals like Magnum just made.

In photography, it’s not the market who dictates the pricing. It’s how you present it.

Posted in magazine, celebrity, technology, Cosmos, Aurora, commercial stock, license, prosumer, getty, Royalty free, news, editorial, photojournalism, transaction, Microstock | Print | 1 Comment »

February 3, 2010 by pmelcher.

It’s not photography that is sick and dying, it’s the people that handle it. Sure, there has been dramatic bankruptcies, like Grazia Neri , l’ Oeil Public and now Eyedea Press ( that one was a long time coming). On the other hand, there more than a billion of images on Flickr, more on Photobucket, and Facebook. There has never been so many cameras in the streets and so many people interested in photography. With the Internet, there has never been such a demand, and need for images. Smartphones, Ipad, tablets, netbooks, are only increasing the demand for stills.

Yet, pro photographer can’t seem to make a living anymore, while photo editors have either no budget or are being laid off by buckets. So what is wrong ? Well, for one, it’s those who manage photography that are sick. None of the old and current guard have any idea how to take advantage of this Tsunami of demand. It’s leaking from all over the place. The only made with Flickr was when the original founders sold it to Yahoo. Since, it’s been bleeding cash. Instead of creating tools to allow members to license it, they passed it on to Getty Images to try and squeeze some money juice out of it. It could take decades, if not century for Yahoo to see a return on investment using this route.

While magazines are dying a slow and painful circulation death, there online counterpart have yet to be succesful in generate the same revenue as they used too . Why, because they keep on trying to replicate online what has been a success in print. The fact that its not working doesn’t seem to bother them. They keep on trying.

Photographers still shoot the same thing, the same way, for a clientele that is shrinking, both in size and resources. They desperately cling to old formulas that they hope will resurface some day. Not going to happen. And finally, photo agencies try to hang on the slippery slop of declining revenue by agreeing to cut fees in the hopes there is a trampoline at the bottom of the hill. Not there.

Everyone is playing the waiting game, hoping that some savior will find the magic solution. In the mean time, they are all guilty of killing photography by undervaluing it. It’s has become a commodity, some say. Other offer ridiculous subscription model, feeling comfort in the fact that mass production Getty does it. All whine all day, all night, all the time.

Stop whining. Do . Try. fail. Try again. fail again. Who cares? You will make progress. And if you are lucky ( or smart), it will work. Better than you had ever expected. It’s not obvious. But the market is there. The current model doesn’t work, we can all agree on that. So, try new ones. Take advice from no one. Just do. It will hurt, it will be frustrating, it will be exhausting, it will feel incredibly useless, it will not work. But it’s so much better than whining all the time. Stop waiting for something to happen. Take control.

Posted in license, multimedia, prosumer, copyright, magazine, commercial stock, technology, focus, flickr, photojournalism, news, getty, Royalty free, editorial, transaction, slideshow, finance, Microstock | Print | 1 Comment »

February 2, 2010 by pmelcher.

Well, not exactly. The Investment firm MSD managed by Michael Dell, the founder of the famous computers, has acquires 185,000 prints from the Magnum collection. The sum? undisclosed. But it is rumored to be the largest photo transaction in history. The terms, also unclear. Magnum retains the copyright and the  licensing rights.

So what did the MSD acquire ? Well, probably just that : 185,00 prints ranging from the the 1930’s to 1998. The prints will reside for now in Austin, Texas, Harry Ransom Center for 5 years. After that, nothing is known.It is certainly a well thought out coup for Magnum which has been struggling with financial issues for decades and avoided multiple acquisition schemes launched by the Corbis and Getty’s .

This will give them a financial security to continue to operate independently for a long while without losing their cherished independence.It is also great news for photography lovers. Not only Magnum escapes the claw of the greedy corporates and their notorious incompetence but there is a good chance this collection will travel across the world for viewing by even more people.

Finally, since Magnum is a co op, there is a very good chance the photographers themselves retain the majority of this financial downfall and they really, really deserve it.

PS : estimates put the deal at $100 Million. That is about $500.00 per print. Is that a good deal ?

More here  at Bloomberg news 

Posted in photojournalism, copyright, Magnum, finance, transaction, corbis, editorial, getty | Print | No Comments »

February 1, 2010 by pmelcher.

Finally..all in one place. Micro and traditional RF have finally united in one, simple to use, website. The entity behind it ? Well, Getty Images, of course. Some were already playing with it, others were staying away from it, Getty jumped in it, two feet at a time.

No more of this ridiculous RF branding that presupposed that RF image buyers are actually faithful to brand like they would be to a car manufacturer ( oh, dear, I only buy Honda’s) . They need an image quick and easy, and that’s all. They don’t care if it was shot by Joe Boobleeboo or that guy that grossed millions of dollars last year ( ya, right).

Because the pricing is by subscription only, there is no price comparison. Thus images are downloaded based on their value to the customer, not by how much they save. Amateurs are now on the same level as super pros ( are they any left in the RF space ?) . Meta search engines like SpiderPic can stuff it as the cannot compare pricing.

Getty has finally broken a few old barriers here and fighting back against its odd competition. Shutterstock, as well as the Alamy’s and other volume based image banks must be shaking in their winter boots. There is volume her, there is extreme ease of pricing, there is very strong search capabilities and most important, there is superb ease of use. No more of this pricing on size, no more pricing based on collections (or brand), no more of different offering/different sites. All in one place.

Furthermore, once downloaded once, an image can be used over and over without any additional license fee. Thus big companies ( book publishers, corporations, small image intensive design companies) can easily create a in house database and store images until they need them again: for free.  Why need to go anywhere else? This is going to suck the air out of a lot of RF based businesses ( that was predictable) by attracting a lot of customers.

Pay once, download once, use infinite time is something that we are probably going to see expand like a wildfire through the industry for a multiple of reasons : Poor or nonexistent DRM, inefficient tracking systems, expensive legal process, especially for RF.

This new launch by Getty will certainly have a huge impact across all aspects of the RF photo sector. It will be very interesting to see who will try to compete via others means, and those that will just decide to shut down. One thing is sure, there is no turning back now.

By the way, this is the same model that they plan to roll out for editorial usage very soon. (more on that another day)

Posted in license, technology, commercial stock, Midstock, Search, Royalty free, getty, prosumer, Microstock | Print | 8 Comments »

January 28, 2010 by pmelcher.

Must be something in the air… First, there is the mighty Getty, the company  that has invented photography according to it’s CEO, who launched a new interface. Users can now select what country they are from so they can get a more customized offering.  Here is how it looks:

That looks great, right? Except, they forgot the USA. Which is their biggest market . Man, those meetings must be fun.

Than, there is the always funny Corbis. In an interview for the BJP, a highly place executive try to explain the recent Veer  realignment from high end RM to microstock. Never mind this fits perfectly in Corbis’ history of destroying the brands they acquire, he says : ” To make that happen, he explains, Veer will ‘remove rights-managed images from the site when we launch the new offering.’ However, Nerland tells BJP that the images will continue to be sold on the Corbis website, which is targeted at ‘more traditional and sophisticated customers.”

“sophisticated customers” ? Does that mean Microstock customers are trash ? a bunch of trailer park hoodlums with greasy fingers ? Do they smell bad too ?

The same person proceeds to intelligently explain: “Nerland assures BJP that overall prices for royalty-free images will not go down as a result. However, he adds, ‘some images might migrate down in terms of price point, especially for content that we own.’”

Aaah, that makes sense: price images according to who owns it instead of their quality. Sure. So if they acquire Cartier-Bresson collection tomorrow, that would be cheaper than images of that schmuck over there who loves to shoot businessmen shaking hands. Brilliant !

Told you. Must be something in the air. The Corpocrates are loosing it.

Posted in technology, commercial stock, No sense, finance, getty, corbis, Microstock | Print | No Comments »

January 27, 2010 by pmelcher.

Before we go any further ( we spoke about the Ipad here already anyways), we need to point out something extremely important. There are people in this industry, when they talk, you listen. Jonathan Klein is one because who knows what other damage he will create with his roller company  and he lies a lot ( according to Klein. “We were the first people in the world to sell an image online,”). Ellen Boughn is another.

For those who don’t know Ellen ( are they any?) , let me explain : Ellen is one of these extremely rare person that have done it all. From editorial, to commerial stock, royalty free and Microstock, she has been deeply involved in every facet of this industry. Unlike others, she has gotten herself dirty with all aspects of licensing images from production to sales, from little to giant corporation. She has seen everything and pays attention to everything. She has an insight that is only surpassed by her intelligence. There is nothing that scares her and she has the curiosity of a 10 year old. She has met everybody that is anybody in this business and yet respects everyone the same way. She has a passion for photography that would put to shame anyone. She is so good that his master himself, Henri Cartier Bresson, offered her a signed print, something that he extremely rarely did.

To top it all, she is an independent thinker. She will tell you things the way they are, regardless of the consequences. She knows no camp but excellence and truth. Her incisive mind can be brutally honest  because she is not scared of anything or anyone.  She is an encyclopedia of knowledge that you will never read anywhere ( unless she publishes more books). She is one of the reason why I love this industry so much : It attracts some of the smartest, intelligent, witty, knowledgeable people on the planet. People with a vast culture and yet  constantly curious about everything.

Why do I write this ? Because Ellen has started her on blog. And if you only read one thing, that should be it. Amateur, pro, super pro, whatever side of this industry you are, this should be the first thing you read. You will never be offered such a rewarding experience, for free. So, stop reading this and go bookmark her blog and hold on to you socks.

http://www.ellenboughn.com/blog

We are not worthy..

Posted in license, multimedia, magazine, technology, commercial stock, Magnum, web 2.0, photojournalism, getty, Royalty free, corbis, editorial, transaction, Microstock | Print | 5 Comments »