One of the foundations of photo agencies is to provide its customers with safe, secure, properly vetted visual content. In exchange for a fee, clients of photo agencies are offered images they can use in full blissful confidence. Or so you thought. In the last month, a few stories have surfaced exposing that this might … Read More →
The European Directive on Copyright is passed, and along with it, the infamous “Article 13”, now Article 17 in the latest document. However, what will it mean for photo agencies and independent photographers? … Read More →
After over twenty plus years working in and observing the photo industry, one conclusion is clear: One of the worst enemies of the photo industry is its own members. While the forces of business, technology, and social trends have had some profound adverse effects on photography, nothing has been as eroding as the constant self-deprecating, … Read More →
About a week ago, Unsplash announced that they had raised $7.25 million, along with plans to bring cryptocurrency to its free stock photo service. While most see their move as a potential Shutterstock killer, Unsplash could end up becoming a potent competitor to Instagram, Pinterest, and Snap as they share more DNA. A short review of the hard numbers … Read More →
All really deserve a post of their own but my schedule will not allow the necessary time for a deeper dive. So here is the TL:DR version. Google/ Getty: Late last week, Getty announced a global licensing agreement with Google. While this wouldn’t rattle anyone’s news alert (anyone can license images to Google), it is the terms … Read More →
Some acquisitions have far wider implications than others. While it made perfect sense for Shutterstock to acquire a company like Rex Features in order to grab a foothold in the editorial space, it was just that. A simple acquisition of content along with established corresponding sales channels. Shutterstock recent acquisition of FlashStock, however, is vastly different. When a … Read More →
Similarly to what occurred a few years back with the introduction and rapid rise of low-cost microstock, current trend indicate the steady rise of free stock photos and its potential wide effect on the industry. Two years ago, when we produced a panel for the DMLA annual conference called the “Business of Free”, attendees were … Read More →
Word on the street was that if Getty sneezed, the industry was sick. But what about Shutterstock? Has it taken a dominant enough position in the marketplace to become the health barometer of stock photography? Is this week’s quarterly report, covering a less than stellar quarter along with a less optimistic forecast, a sign of a general slowdown … Read More →
At a recent DMLA panel I organized, Craig Peters, COO of Getty Images, pointed out that the vast majority of image consumption happens in places where images are not licensed. Which is true: People spend more time on various social media sites than anywhere else. Just Snapchat ( 8,796 photos shared per second), Whatsapp (8,102 Photos … Read More →
For most of the 80’s and throughout the early 2000’s, the recurring motto in the stock photo industry was “It’s the content, idiot”. Key to any growth of photo agencies and successful career of any photographer was the ability to offer great content. Rule number one was to appeal to clients and crush the competition by creating upscale, high … Read More →