Posts Tagged ‘stock’
There’s something to say about the curious nature of journalists. Some spend all of their hours researching a particular subject, others go out into the field to experience first-hand, and some others quit their job and take up coding classes.
Wait — what?
It’s true. Just ask Benji Lanyado. This once full-time Guardian writer and contributor to other publications decided to quite literally quit his day job to pursue building what he thinks is the next big thing in stock photo buying and selling. Read more…
If you’re an active participant in the stock photography industry, you’ve likely heard of the big rumblings as of late. Earlier this month, bestselling microstock photographer Yuri Arcurs announced both a $1.2 million investment in Scoopshot (a crowdsourced photo app) and a new exclusivity agreement with Getty Images/iStockphoto.
If you dismissed the news the first time around, you might want to take a second look — it may be bigger than you thought.
Most stock photography websites and agencies work the same way: photographers upload their work, set prices, and let clients browse for what it is they’re looking for. If the client wants a photo of a family on the beach, they’d better hope someone came through. And on the other end, the photographer has to hope that they’re putting work out there that people will actually want to use.
Dear Getty Images: I quit.
I just sent Getty Images the email above, which, I think, is how I terminate my relationship with them. Hopefully. I’m not 100% sure, but I can’t seem to figure out any way to do it online, so I’m hoping that email works.
Bruce Livingstone knows his way around the stock photography industry, and he’s doing his best to shake things up. After founding iStockphoto in 2000, he turned it into a microstock juggernaut, finally selling it to Getty Images in 2006 for a whopping $50 million. Now, as both Getty Images and iStockphoto are mired in a licensing controversy, Livingstone has a new stock photo business that may rock the boat even more.
There’s a few ways to handle a problem, one of the more popular of which is to eliminate the source entirely. That’s what Facebook has decided to do about the little AppData hiccup last week that cost the company nearly 2% in the stock market. They simply pulled user count data out of Instagram’s Developer API entirely — problem solved. Read more…
Respected stock market analysis website Seeking Alpha doesn’t think too highly of the way Kodak CEO Antonio M. Perez is leading the beleaguered photo company:
It would not be the first time that Mr. Perez, who became CEO of Kodak in 2005, has attempted to receive a large payment for his services to the detriment of his company. We had concerns about Kodak’s compensation policies in May 2010, when we noted practices such as Mr. Perez’s having amended (for the fourth time) his initial employment agreement and received an ad hoc award of 500,000 stock options at a low exercise price of $4.54 in October 2009 for “retention purposes.” Although Mr. Perez’s compensation decreased by around 55% year over year to $5.7 million in 2010, it remained grossly disproportionate compared to those of his subordinates, given that the median pay for Kodak’s other named executive officers was only $1.1 million. This suggests that Mr. Perez’s board – which he also chairs – allowed him so much freedom that he was able to prioritize his own interest ahead of his staff, customers and investors.
Earlier this month, Kodak was given permission to stop providing health and welfare benefits to tens of thousands of retirees. The move came just months after the company asked for permission to hand out $13.5 million in bonuses to 300 executives and employees.
Kodak’s CEO Prioritizes His Compensation Even Amid Bankruptcy [Seeking Alpha]