
EyeEm Has Filed for Bankruptcy
German technology and stock photography company EyeEm has reportedly filed for bankruptcy and is insolvent.
German technology and stock photography company EyeEm has reportedly filed for bankruptcy and is insolvent.
Photographers are facing a growing problem over unpaid royalties with stock agency EyeEm allegedly in some difficulty.
A new "Stock Coalition" made up of photographers, illustrators, animators, and filmmakers from around the world is calling for a "global shutdown of Shutterstock portfolios" to protest the recent change to the stock giant's royalty structure. The industry body is asking contributors to disable their accounts for "at least one week" starting today.
On June 1st, Shutterstock unveiled a new royalty structure that infuriated photographers, sparked widespread criticism, and even inspired an online petition with over 7,500 signatures. On that same day, Dreamstime increased royalties by 10% to support their contributors during this difficult time.
Yesterday, Shutterstock unveiled a new "earnings structure" (i.e. royalty system) on the company forum, and to say photographers are upset would be an understatement. Contributors are furious, going so far as to start a Change.org petition demanding that the change not go through.
News media indirectly helped First Lady Melania Trump pocket up to $1,000,000 for Trump family photos on Getty Images that were restricted for use in "positive stories only," a new report has revealed.
500px is cutting its royalty rates for photographers selling photos through the company's marketplace, and it seems that many of those photographers aren't happy about the change.
There’s no doubt that stock photography and the market’s methods of operation are much debated and often criticized. However, as part of it’s efforts to celebrate Small Business Week in the United States – and also likely in hopes to change some public opinion of such services – the Getty-owned iStock marketplace is dedicating an entire day to giving 100% of royalties to photographers.
With its photography-related businesses struggling and no end in sight to its stock’s free fall, Kodak is turning to …