Posts Tagged ‘stock’
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]
Corbis, one of the largest photo agencies in the world, has agreed to acquire Demotix, a crowd-sourced citizen journalism photo agency that was founded in 2008. Corbis had already picked up a piece of the young agency through an investment last year, but now it has decided to purchase the whole company outright. The acquisition price was not disclosed.
Yahoo CEO Marissa Mayer held her first earnings call yesterday, and it appears that stockholders were pleased with the company’s latest quarter figures: the stock price has been soaring since then. Among the areas that Yahoo sees promise in are Flickr and mobile, as well as a combination of the two.
We don’t know how they do it, but College Humor’s sketch videos often have famous celebrities making fools of themselves in the name of comedy. Above is a parody infomercial they released today featuring actor Patrick Wilson. He states that prior to his acting career, he worked as a stock photography model and was featured in over 133,000 stock images.
If you’re trying to make some side money by selling photographs as microstock — or are trying to do it full-time — it’d be wise to heed the advice of one of the most successful players in the industry: Yuri Arcurs. He has published an interesting “state of the industry” report with his thoughts on the types of photographs that are currently in demand with stock photo buyers.
As all active microstock photographers must have noticed, we have seen a constant decrease in sales in terms of our return per image over the last few years. It’s becoming increasingly difficult to shoot great images and profit from it in the same way as it was 5 or 6 years ago. Many critics have claimed that the microstock industry is almost entirely devoid of artistic sensitivity, and is instead only concerned with making an easy profit. But surprisingly, this harsh criticism seems to have had a positive effect on the industry as a whole, because although the return per image has decreased a lot, I have also witnessed an interesting tendency: To make sales now, it’s about getting back to the roots of photography. More artistic, less processed images, and a more naturalistic style, which I, personally, fully endorse. It’s great to see some more artistic and natural images making their way up on the “most downloaded” lists as opposed to the more conventional microstock images that are always overly retouched, overly bright and overly clean.
He also writes that many of the concepts and images that were once popular are now stagnating due to the fact that photographers flooded the industry with them, highlighting shifts in four huge categories: lifestyle, business, medical/health, and spa/wellness.
What sells in microstock anno 2012? [Yuri Arcurs]
P.S. If you haven’t seen it already, check out this interview we did with Arcurs last year.
Image credits: Photographs by Yuri Arcurs/PeopleImages