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Archive for the transaction Category
For whom the mallet falls
November 10, 2011 by pmelcher.
And you thought there was no money to be made in photography ? Well, you were wrong , there is and it doesn’t involve taking exclusive pictures of Angelina Jolie’s new twins. In fact, it looks more like it involves taking pictures of the most boring things, blowing them big and putting the whole thing signed up for auction at Sotheby’s. Of course, you have to have made a name by getting lots of exhibits of your work around the world before. You just can’t get big bucks if you didn’t.
Andreas Gursky’s photograph called “Rhein II”( apparently his second try at this) has just be sold for $4.3 million at Christies. Yes, you read this correctly :$4.3 million, making this the most expensive photograph in the world.
Andreas Gursky is a German photographer who has already reach record price for his images in the past. However, he will not see a penny of that money, since these transactions happen from collector to collector. Ironic that, in a time where photography has become so ubiquitous, where space rates for editorial images have plummet to historical lows, where assignments are increasingly diminishing, one could witness such through the roof prices for such flat and boring images.
Because, quite frankly, anyone with an Iphone can take a similar image. It is clearly the results of pure speculation, similar to what we see happening in the stock market ( The Wall Street kind). We are not saying to occupy Christies but seriously, what does this say about photography ? Is this what photographers should aspire to achieve after years of study and creation ? Is this what one should consider the ultimate photograph ?
Posted in No sense, finance, transaction, news | Print | No Comments »
For a buck or two
September 25, 2011 by pmelcher.
The real story behind the evolution of photography is its pauperization.
In its early days, photography was for the wealthy and educated. The equipment needed was expensive and the skills involved needed formal education. Furthermore, the financial risks involved in being a photographer - variable income- meant you had to have some other resources.
Even if they weren’t rich themselves, they were rich kids. And for a long time, it remained unchanged. Until rather recently when colliding advancement in technology - all pretty much unrelated to photography- open the door to lesser financially fortunate people from around the world.
- The internet, at first, made all the connections possible. It took a while to grow, mostly due to the cost of computers and connections but now, almost anywhere in the world, it’s dirt cheap.
- The dropping cost of memory, making it much cheaper to shoot digital then film.
- The cheap accessibility to market. What photo sharing companies like Flickr did, unintentionally, is connect buyers with new sellers.
-The incredibly low learning curve. No need to know anything about photography to be able to take amazing images these days: Instagram will do it for you.
Finally, automated translation has practically eliminated language barriers all over the world.
The result ? First in developed countries and then very quickly in less developed countries, more and more individuals took to their cameras as a new or additional source of income. Most pushed by a desperate need to generate income rather than an urge to express any artistic impulse. Because of their already low level of income, any revenue is good revenue. Clearly visible in microstock ( the extreme majority of participants are from emerging countries with low per capita) it is now spreading to non commercial stock areas of photography like news. They will happily accept any payment regardless if it is a fair price or not. Some publishers and photo agencies have realized the saving potential and have blissfully tap into this cheaper market.
Obviously, photographers living in developed countries, like the Western Hemisphere, have to face much high cost of living and cannot compete. Thus, they have to retreat in areas not available to rest of the world. For example, a US sport photographer can still command higher fees since his coverage cannot be done from another country. However, he is slowly being pressured downward by his local peers who have been pushed out of their market by cheaper competition.
The barriers of entry have fallen at such level that almost anyone can now pretend to be a photographer. With rising unemployment worldwide, more are stepping in the hope to generate some income, pushing aside established professional. Since in a depressed economy like ours the key differentiator is money, it’s the cheapest that wins the day.
In order for the situation to change, a few things would need to happen. First, obviously, the worldwide economy has to pick up, eliminating those who are necessity photographers by integrating them into other full time jobs. A more advanced type of photography should emerge, necessitating advanced skills to perform. Finally, a disassociation of the means of communication, wether technological or cultural. None seem likely to happen soon.
Posted in license, web 2.0, technology, commercial stock, Good Enough, Social Media, prosumer, flickr, news, Royalty free, editorial, transaction, photojournalism, finance, Microstock | Print | No Comments »
Volume based photojournalism
September 12, 2011 by pmelcher.
Taking a cue from the succesful microstock model here is where photojournalism is heading. It is happening under our eyes, right now and in four steps.
The decline of traditional photojournalism.
Nothing really new here. Rising cost of living (travel, lodging, food) has made it almost impossible for current print and web publishers to send top talents on stories anymore. The profit margins are not there anymore. Although there is a bucket full of very talented photojournalist available, there is just no funds to make them do what they do best. Furthermore, with the deaths of traditional photo agencies who used to pay for half of the costs, there is just not enough financial support to keep it going. It’s not photojournalism that is dying, it’s the funding that is going dry. Furthermore, photo editors that championed the great stories have long gone, either retired or pushed out due to corporate restructuring or cost saving measures.
The rise in volume of the me-too photojournalism.
Here again, nothing we haven’t heard or seen before. Automated cameras that can nail an image in the even poorest conditions has helped introduced a new wave of photographers that can, and will snap at anything and everything and force distribute it via every channel possible. Force distribute because we really do not want to see it but thanks to Twitter, Facebook, Flickr and other social media, we get to see them anyway. The poor state of our economy has not help, obviously, making this forced free lance job even more appealing to many. It also has become easier to get published, at least once, giving everyone the false impression that this is easy. Anybody can become a photojournalist these days : you just need to be where the media attention is focused upon.
The death of the photo agency.
Photo agencies used to be the gateway to the media. With trained professionals, they filtered out the bad from the good and edited the work of the talented to make it even more compelling. They would also seek out news stories and send the best photographers to cover them, not only creating the news, but partly covering for the costs. It was a gamble, where talented journalists would scout newspapers worlwide for that snippet of information that could be turned into the major news of the week thanks to the talent of a brilliant photographer. Those editors are gone now. Gambling on stories is just not an acceptable business model in our corporate world. Photo agencies are not agencies anymore, they are image distributors.
Speed vs quality.
Thanks to digital, the key decision element for an image to be published is how fast they get to a desktop. Thus a bad photographer can very well become successful if he is the fastest. More and more, this is what we, viewers, are being served with : the first images rather than the best. Thus the key to becoming a published photojournalist is where you are and not who you are.
Where does it lead us to:
Where everyone can be a shooter, with no money to be spend on travel, no editors acting as gatekeepers and speed as the key factor, the decision us easy;
Forget the photo agency as an agent of talented photojournalists. The key now is to have a lot of contributors worldwide and hope that one will be at the right place at the right time. With photographers everywhere chances you will get the right image at the right time will increase, like buying a lot of lottery tickets.
In the film age, the cost of film, processing, shipment was too prohibitive. Now, you can receive and store million of images for a buck or two.
This well know photo agency recently proudly claimed representing 40 photographers in Gaza only. For a territory 140 square mile ( 360 Km2), that is one photographer per 3.5 square mile.
Thus, taking a queue from the microstock model, photojournalism is now switching to the volume based model. While profitable for a photo agency, it is devastating for photojournalism and photographers themselves.
Posted in technology, magazine, Tweet, Social Media, Corpocrates, Good Enough, newspaper, TIME, editorial, getty, transaction, finance, photojournalism, wire service, Microstock | Print | No Comments »
Relocating
September 7, 2011 by pmelcher.
“Thoughts of ” is relocating or expanding :
On Facebook : Thoughts of a Bohemian page for the daily snippets
On La Lettre de la Photographie for 2 columns a week. One column is dedicated on the best there is to discover about photography on the web while the other, brand new, is about the world of photojournalism and photo agencies. You can read it and subscribe, for free, here : La Lettre de la Photographie.
what about about the typos ? they will follow me everywhere I go…
Obviously this blog will remain open, while quite not as often, for longer thoughts and hair raising revelations
Posted in magazine, celebrity, license, multimedia, Plus, technology, Corpocrates, Good Enough, Waste of time, Social Media, Search, No sense, finance, transaction, editorial, news, wire service, photojournalism, keyword, web 2.0, prosumer, getty | Print | No Comments »
The personal experience
August 2, 2011 by pmelcher.
Can the memory of a photograph be better then the image itself ? Do we tend to embellish what we have seen and liked ? Most probably so. The memory of a photograph contains , on top of the graphic visualization of the image, the sum of all the emotions and memories linked to it : The personal experience. It contains all the subjective association that we have made while looking at it, thus creating a highly personal layer that the original vision did not have. Thus, what we remember of a photograph we love is much better than the original. Are we disappointed when we see it again ? Most often not. Since it had triggered all these satisfying internal connection the first time around, it will do so again and again. Unless, if for some reason, when we had first looked at it, we misinterpreted it. Of rare occurrence, but it can happen when we are in a non typical heighten emotional state when we were first exposed to the photograph. Or our lives has taken us down a different path. A photograph you thought was great during your teenage years my not seem the same when you are a 50 years old . It can still, however, connect you back to comfortable memories. The memory of a photograph is always better than the original because of our personal input.
Thus, in pure logic, the more generic an image the better. It should serve a canvas for personal experience, right ? Well, absolutely not. because a generic image doesn’t trigger any emotions. It just stays blandly generic. in order to communicate to its viewers, a photographers needs to be as personal as possible . He should forget about trying to please everyone, everywhere. And this is where commercial stock photography has failed in the latter years. Obsessed with RPi numbers, they have flooded the market with one size fits all images empty of emotional triggers. When the miccrostockers came into the market, they brought back in the emotions that had left the industry for a while. And besides pricing obviously, they beat their pro elders on content. They just got more response to their images.
Of course, they are now doing the same mistake as the pros and relying on charts, equations and past revenues to dictate their next images. And like their predecessors, they are seeing revenue declining. No one can claim and secure photographic success. It is probably harder to maintain than to attain. However, by succeeding in ignoring the false sirens of success, one can easily navigate closer to the surface. If one continues to deliver a personal experience to its viewer, than 99% of the battle is won. The rest is marketing
Posted in license, commercial stock, Social Media, Corpocrates, Search, prosumer, Royalty free, editorial, transaction, Microstock | Print | No Comments »
Rex buys itself
July 25, 2011 by pmelcher.
Rex Features Press Release ( as I do not have time to write about it )
Management Buyout sees Rex Features retain independence
London. 25th July 2011.
Rex Features, owned by the Selby family since Frank and Elizabeth Selby launched the company in 1954, today announces that it is to pass control to its staff, management and a small group of individual investors. While the Selby family will retain a significant financial interest in the business, the current Director of Sales and Marketing, Larry Lawson, takes on the position of managing director. The management and staff of Rex will remain as it is.
John Selby, Mike Selby, Sue Selby and Martin Hillier will continue to support the Company and this, combined with the comprehensive knowledge and experience of Rex‚s staff, will ensure a seamless transition as well as the Company‚s continued dedication to contributors and clients.
Larry Lawson said „The company is in a strong position: Rex has managed to continue growing its business in difficult economic circumstances and can truly claim to be the world‚s largest independent photo agency.
What makes Rex great is that it continues to be a photographers‚ agency with a phenomenally diverse range of suppliers and a vast catalogue of material. Our reputation for expert photo editing around the clock, coupled with efficient prompt payment to all contributors will continue to ensure that we are the first port of call for both photographers and clients.
The company has recently taken on a number of new staff, and we envisage opportunities arising to expand the team further as we produce and place more and more live news and features material. Rex has an excellent international distribution network, with many long-standing relationships built up with agents and clients around the world. Our US business, Berliner Photography in Los Angeles, provides Rex with a fully operational production and sales office and is poised to make further significant inroads into the US market.
Rex‚s reputation for honesty, integrity and traditional values will remain at the core of the company. It is this priceless asset, combined with Rex‚s proven ability to adapt to the constant change in the media industry, that gives Rex its commanding position in the world market. I want to make this business even more successful and we will be investing our energy and resources to do so.‰
John Selby said „Since its foundation by our parents, Rex Features has gone from strength to strength largely as a result of our strict adherence to our core values of fair dealing and good service to photographers and clients alike. Rex Features has enjoyed a great reputation within our industry and we are very pleased to be able to pass on the running of this Company to our „extended family‰, the management and staff. I am very confident that the brand we have built up over the years between all of us will thrive and continue to play a key role in the provision of editorial imagery to the media and all picture users around the world.‰
About Rex Features:
One of the world‚s leading independent producers of editorial photography, Rex Features has an international reputation as a premier source of images and features for the world‚s media.
All the IT systems are produced in-house by experts and the simple, fast and efficient website is considered to be the „Rolls Royce‰ of websites within the industry, as is the internal picture-handling system, Lightbox.
Rex‚s online database contains 6,000,000 pictures, with thousands of new ones added daily, the intuitive keywording gives customers easy, fast access to any image 24 hours a day via www.rexfeatures.com. In the unlikely event that the desired image can‚t be found online, a rich archive of over 15 million hard-copy images, and friendly, knowledgeable researchers are there to help clients find just the picture they need.
Rex has offices in London and Los Angeles, and partner agencies around the world.
With over 57 years in the business, Rex is famous for its range and depth of images ˆ be it personalities, news and features, travel, business, animal, humour, lifestyle, fashion, music, historical or stock images.
Excellent, personalised service has won invaluable loyalty from clients and photographers alike, and the quality of our images sees its work used every day across all media platforms.
Posted in celebrity, finance, transaction, editorial | Print | No Comments »
Spill Splash Corbis
July 20, 2011 by pmelcher.
The news cracked like thunder in the middle of a hot afternoon : Corbis has just acquired Splash news. The quiet giant has just eaten up the lean mean paparazzi machine. It is a surprise.
There had been rumors in the photo agency world of Getty looking to purchase Splash, to fill their last hole in their overall offering but nothing about Corbis. It is even more of a surprised as Corbis had seem to have abandoned the editorial market after it had shut down their own editorial production department. They were just re licensing agencies like EPA, Zuma and Retna. With this acquisition, Corbis is now back again on the front line of the hottest photo market : celebrity .
According to official news, most everyone will remain at Splash. It will still be run by co founders Kevin Smith and Gary Morgan. It will also be operate as a separate brand, much like Corbis Outline.
One of the main question is how will Corbis manage the high end celebrity approval Outline in parallel to the down to the ground gossip charged Splash without facing the anger of publicists and celebrities.
Finally, the official press release blames high operational cost as a reason for Kevin and Gary’s decision to sell. If the current situation of other photo agency in this space is any indication, falling rates must have also been a strong factor.
More official info here
Posted in Pacific coast news, Corpocrates, celebrity, finance, editorial, transaction, corbis | Print | No Comments »
Share This
July 10, 2011 by pmelcher.
Let’s face it, you are waging a losing battle. In fact, it’s not even a battle because one side has won already. Every time you sign up for a social network, be it Facebook, Twitter or Google +, you are faced with TOS ( Terms of Service) that are pure rights grabbing, making it a very dangerous proposition for you to share your images. Yet, everyone tells you that the only path to success is to have your images on these sites.
So, here are three core facts that you need to know about Social Networks:
- There is still no such thing as a free lunch. If someone offers you something for free, it is only because they get some kind of benefit out of it. You can be sure they will find a way to monetize your images.
- If you use a service for free, you become the product : what do you think Facebook, Twitter or Google + sell ? You. Your interaction on their sites is what they in turn sell to advertisers. That includes your pictures.
- They need the legal right to share your images. In order to show the images you post on their site to your friends and family, they need the legal right to do so. Since there is no way for them to know who are your friends, family or others ( nor do they care) , they make you agree to a blanket agreement stating that they can share them with everyone.
So, if you think you can sign up for a social network site that will protect your intellectual property, you are sticking your big left toe in your eye. It is just not and never going to happen. The answer ? Deal with it.
Accept the fact that if you post your images on a social network site, there is a 110 % chance that you could loose complete control of that image. Play along . If you post pictures of your 3 years old nephew at your cousin’s barbeque party, you have not much to worry about. Besides a few polite likes from your relatives, not much will happen to that image and it will soon be forgotten along with the other 10 million images uploaded to Facebook in a month. However, if you post the only image of a plane crash landing on the Hudson river, well, get ready for it to be grabbed and spread around.
Here is the irony. Photographers or photo agencies will post their images on social network sites in order for them to be seen, appreciated and dare we say it, shared ( ouch). Isn’t it the intended purpose of posting these images that they will end up in front of the eyes of a wealthy photo editor who will either purchase it or hire you ? And since you do not know him yet, the only path is via friends of friends re-posting it ? Should they all ask you for permission and pay you a license fee every time they do ? In other words, you give them something to share but you don’t want them to share.
Well then, quite a paradox . Ownership of an image doesn’t lie solely in managing its usage. It is also embedded in it. If you have a style, a talent, a point of view and an identity, your image will always speak your name, credit or no credit. Better yet, people who see your images will want to track you down in order to find out who is the talent behind those photograph. If they don’t, well, that’s because you failed as a photographer.
So what should you do with all these rights grabbing, soulless TOS that you keep on facing every day? Adapt.
They are not going to change because they are at the core of how these social networks make money. Not so much by licensing your images, obviously ( everyone knows there is no money there), but by using them to grow their network and thus selling more people to advertisers. And for that, they need the right to do what they damn well like with your images. Forever.
Keep that in mind next time you post images on any of these sites ( and others). Your choices :
- Do not upload images
- Watermark your images
- Upload only images you are ready to give away
Either way, stop bitching and moaning about a new TOS like there was anything you could do about it. Although it might feel like it sometimes, it is not your platform, it’s theirs. They will do whatever they think is appropriate to generate revenue from it . They don’t owe you anything, you do.
So stop wasting your energy and time . Get back on your saddle and figure out how you too can benefit from their services intelligently without loosing your pants and shoes ( and your sanity). Eventually the ecosystem will find a balance.
Posted in technology, Tweet, Social Media, Waste of time, digg, license, flickr, prosumer, web 2.0, transaction | Print | 1 Comment »
Shaking the long tail
May 27, 2011 by pmelcher.
With $1.2 million dollars of fresh investment, a new company enters the world of photography monetization. Called Fotomoto, it allows, with a simple javascript installation to transform any existing photographers websites into an e commerce site. Visitors will quickly be able to purchase your images for framing or other usages.
The great part of it is that it is free to use and install. A simple javascript and your done. Fotomoto gets a cut on your sales, if you sell an image. Simple enough.
However, the consequences are disturbing. First, their is an option to download. For a fee obviously and for personal use.
One, some buyers might not abide by the rules
two, some photographer might use this to price their images at micro stock prices for RF usage .
The result, even more confusion on the marketplace, where already pricing is all over the place ( towards the low end, mostly). Sure, allowing photographers to sell their work directly and easily is a great idea. However, opening the floodgates of free for all pricing, maybe not.
Since individual photographers will make a few sales from their respective sites, the big winner here will be Fotomoto who will accumulate all the sales done with this tool . Using a now well known economical practice called the long tail, they could generate millions in revenue while the photographers themselves will have to continue to do most of the work : shooting, editing, marketing.
It will be interesting to see how well this model is adopted and how it might effect companies like LicenseStream or even Photoshelter. Obviously, some investors seem to think it will succeed. This also confirms that the walls of traditional photo licensing are falling ( microstock being the first and strongest blow), leaving non-innovative photo agencies in a dangerous position.
For now, you can learn more here :
and visit their website.
Posted in copyright, technology, commercial stock, license, prosumer, transaction, finance, Royalty free | Print | No Comments »
Beyond the image
May 3, 2011 by pmelcher.
Up to now, images would only give you remote information in a passive way. More than often, they illustrate an accompanying article, with no more duty than to confirm what you are reading. As much as the photographer or publisher tried, it was a view and forget operation. No so anymore.
Thanks to new technology, the image has grown to becoming more intelligent, by permitting its viewers to dig deeper into it’s content. It is also now able to call home and inform on how it is being interpreted.
Thanks to a company called Stipple, photographs acquire a new dimension, an interactive layer, that finally allows viewers to communicate with them. Thanks to a mouse over generated interactive layer, small dots appear on specific parts of the images. Those dots, once selected, present the user with numerous options. They can save, share or shop for some of the items. They can also be presented with live feeds of tweets or links to additional information .
Viewers can then interact with this new set of information in ways never seen before. They can purchase the items that they like, search for local deals or even better, be presented with discounts. Last but not least, both publishers and the photography rights owners can see, in real time, how people interact with their images.
Stipple works with all images : sports, travel, celebrity, news, commercial stock. There are no limitations.
Not only Stipple adds intelligent interaction to photographs in a smart non intrusive manner, but it also engages viewers to explore photographs in innovative ways. Beyond the frustrating limitations of the IPTC caption field that can only give an overview of the content of an image, Stipple dots can easily display extremely precise information on specific areas within a photograph.
One might think that this would be hard to implement : not at all. Photo agencies need nothing else to do then send a parallel feed of their images the same way they already do to their clients, while publishers only need to add a simple javascript code. That’s it. No added workload. And it’s free.
To top it all, both publishers and photo agencies receive a commission on all transaction generated by their images. In a depressed market, this is very welcomed news.
Finally, Stipple offers a great tool against orphan work. If the metadata of an image is stripped, Stipple will automatically reunite it with rightful owner and display the original information. Even if the image has been altered.
Using some powerful technology built in house, Stipple is the first company to fully offer an intelligent image solution to both publishers and photo agencies along with a new inventive way to generate more revenue.
You can get more information on Stipple on their website at www.stippleit.com
Posted in celebrity, license, magazine, technology, Social Media, Search, SIPA, editorial, transaction, finance, web 2.0, news | Print | No Comments »

