StockPhotoTalk | Special Interest Blog

Jupiterimages Revenues

From Jupitermedia´s recent SEC filing:

"The decrease in revenues during the three and nine months ended September 30, 2008 is due primarily to declines in direct sales of royalty-free single images and CD-ROMs and in sales from third party distributors, partially offset by an increase in subscription revenues. This was mainly due to changes in the images industry, including the emergence of competitive image offerings such as micropayment."

Which sounds exactly like the last quarter ("Jupitermedia 10-Q filing", Aug. 13, 2008).

Related: 

• Jupitermedia Corporation Reports An Adjustment to Its Results For The Third Quarter Ended September 30, 2008 (Nov. 11, 2008):
  Reporting a corrected operating income loss of $42,108 million (instead of initially $2,108 million) and (instead of initially $22,622 million) a net loss of $62,622 million for the three months ended Sept.30, 2008, respectively (instead of initially $27,018 million) a net loss of $67,018 million for the nine month ended Sept. 30, 2008.
• Shares of JUPM are currently down to $0.215, with a new 52Wk Low of $0.21.
• P.S.: shares of A21 are currently at $0,002.

QuickLinks For 2008-11-12

• The very last curtain after the final curtain for Digital Railroad:
  
  • The creditor will have all information erased from the storage devices and then sell the equipment at auction. We will work, with the assistance of photographer associations to have the publishers pay the photographers directly. (Diablo)
  • We´ve asked Diablo to provide details of all outstanding invoices and contact info for the photographers and clients. A meeting is scheuled this week with the secured creditor. (SAA)
  • Newscom's managing director Bill Creighton told News Photographer magazine yesterday that Newscom dropped out after their review proved the idea to be too difficult and too costly. "We looked at what it would take to run it on a daily basis, and it was going to need a lot of hand-holding, more than we expected." (NPPA)
  • A source with knowledge of Digital Railroad´s finances said the company had burned through at least $20 million in investments and loans. Digital Railroad owed $1 million to a bank and more in unpaid bills. (PDN)
  • Several photo agencies that were with Digital Railroad have signed up with picturemaxx, a German company that provides hosting for stock libraries. Agencies making the switch to picturemaxx include Redux, eyevine, VII Photo, Noor, CandidatePhotos.com and others, according to Tom Tinervin.
    Virtual Picture Desk said it is helping migrate several Digital Railroad-powered stock agencies to IPN Stock or Photolibrary. (PDN again).
  (Compiled/Abbreviated).

QuickLinks For 2008-11-07

• Jupitermedia Q3/2008 results and conference call:
  "I just called the replay number for the conference. It appears no one bothers to listen. There were no questions. How sad is that?" (reader´s comment).
  
  •More details here.
  •Full PDF report here.
  •Jupiterimages/Getty Images FAQ: Internal Use Only - Do Not Distribute.

Newscom to acquire Digital Railroad?

A new memo from Diablo Management (full text):

Digital Railroad has received a letter of intent (LOI) to purchase the assets of DRR, specifically its hardware and application software used to store and retrieve images with the desire to continue providing services to DRR members and customers with as little disruption as possible. [...] The acquiring company will have no right to sell or distribute these images without the owner´s prior approval.

Pino Granata: Errare humanum est, perseverare diabolicum

There are very deep changes in the industry and all are very bad.

Alan Meckler has sold Jupiterimages to Getty Images and we can imagine why he sold. If I remember well he bought PictureArts for $65 millions and he made other acquisitions that somebody says have cost around $170 millions dollars including PictureArts so I realize that in selling Jupiterimages for $96 millions Alan Meckler and his shareholders have lost some money.

Maybe it was a good choice and by selling he has saved his company from bankruptcy which is a bad thing.

Slowly but safely Getty Images is going to have the monopoly of the industry which is not good news for us. Now I hear the news from Corbis.

QuickLinks For 2008-10-31

• Getty: Flickr photo fees still not decided:
  Photographers whose Flickr pictures are to be used by Getty Images still don´t know how much they will get paid. Nearly four months on, it is not yet clear whether amateurs will get paid the same as a professional for their images.
  A Getty spokeswoman told us that the amount amateurs will get paid will be decided when images are uploaded to the Getty website early next year.
  When asked whether the photographer will be given details of their prospective fee, before or after their photos appear on the Getty website, the spokeswoman added: "Getty will work directly with Flickr members who are invited to be part of the Flickr collection to determine the specifics of each business relationship, and members will have direct connections with representatives at Getty."
  Amateur photographer/Chris Cheesman (abbreviated).

Digital Railroad: "Sorry, no events in the near future"

"To our valued Members:

We´re sorry to inform you that Digital Railroad (DRR) has shut down.

On October 15th we reported that the company had reduced its staff and was aggressively pursuing additional financing and/or a strategic partner. Unfortunately, those efforts were unsuccessful. Therefore Digital Railroad has been forced to suspend all operations.

This archive may only be accessible for the next 24 hours."

From a NPPA report today ("Digital Railroad Shuts Down": "Calls to Digital Railroad´s published phone numbers in the States this morning, including their Marketplace Image Sales number, were answered by phone company recordings that said the phone numbers have been disabled"), quotation in the title from Digital Railroad´s Event Calendar (as long as it is accessible).

Related:

• Interview With Digital Railroad´s CEO Evan Nisselson (March 23, 2006)
• Digital Railroad: A New Hub For The Professional Photographer (August 14, 2004)

QuickLinks For 2008-10-26

• Hard Times for Stock Continue, Corbis to Cut Royalty Rate:
  Corbis CEO Gary Shenk said the company faces “a moment of disruptive change in the image market.”
  “Overall, we expect the image licensing market to shrink in the coming years". He showed a slide forecasting that the total stock image licensing business will fall from $2.3 billion dollars in 2007 to $2.2 billion in 2011. The traditional stock licensing that makes up most of the industry will shrink at an even faster rate.
  PDN/Daryl Lang.

Jupiterimages to be sold to Getty Images for $96 million

So where had Alan been?

In Spring 2007 it sounded like a $450 million deal (the New York Post story), now it comes down to $96 million which will "allow Jupitermedia to pay off all of its bank debt".

Getty Images´ press release, followed by Jupitermedia´s press release for Jupiterimages.

More financial details here in the last two paragraphs of this article at 24/7 Wall St.

A Short Fall Conversation With AudioMicro´s Ryan Born on Microstock Audio

Andy:

Ryan, first off, congratulations to the good news for AudioMicro. Before founding AudioMicro, which started officially in May 2008, you were formerly the VP of Finance for WireImage. How did you get into the music and especially the microstock audio business?

Ryan:

As a finance professional at WireImage, I analyzed the photography marketplace (crunching numbers, reviewing financial statements of the public photography companies, and reading outlets like StockPhotoTalk) and in late 2004/early 2005 it became clear to me that the micro stock model was the future of photography licensing.

When Getty announced that they were acquiring WireImage, I needed to make a career decision. I had always wanted to try and build a micro stock photography site, but it seemed like a very saturated market. I wondered what outlets, other than photography, the micro stock model could be applied to - video, flash animations, fonts, vectors, and music all came to mind. I chose to move into the music market because it was the largest market that had yet to be swept up by the micro stock licensing phenomenon.

QuickLinks For 2008-10-22

• Fotolia Swiss photo agency Kursiv launches the new image collection BloopPix, "from" Fotolia´s Reseller API "the deepest sources of the internet", because "Bloop is the name of a sound of unknown origin, captured somewhere west of south america in deep sea", and "the source of the sound however remains unclear".
  
  This specific Image and pricing here at Fotolia, and this specific image and pricing here at Kursiv.
  
  It is however possible and likely that other images from other sources are included in BloopPix.
  

Pino Granata: The Stock photo market crash

Barack Obama and John McCain have Joe the plumber from Ohio. We have, let´s call him, John Smith, a friend of mine who used to live between New York City and Los Angeles.

I saw him again after a few years in LA during my last trip. He told me: I have to reinvent my life which wasn´t bad.

Until a few years ago, shooting stock, I used to make a couple of thousands with one of the big three and another couple of thousands with an english photo agency.

I also used to have assignments for 3 or 4 thousands and my life wasn´t that bad.

QuickLinks For 2008-10-17

• 2008 Stock photo market crash - So where do we stand today?:
  I wouldn´t predict anyone re-inventing the stock photo industry any time soon.
  The biggest uncertainty right now is how deep the current recession will be (lets call it what it is). It could potentially squeeze otherwise well run companies out of business, period, no matter what the state of the stock photo business itself is.
  Phil Nealey/unsharpmasked.
  Related: 2008 Stock Photo Market Crash? (May 10, 2008)

Digital Railroad: Final Curtain?

"For the past few weeks, Digital Railroad (DRR) has been seeking additional funding required to sustain its current level of operations. To date, those efforts have been unsuccessful." Consequences of this announcement:

• Charles Mauzy is no longer CEO, Maris Berzins is no longer President
• Diablo Management Group is now engaged "to shop the entire company, as is, around, or to sell off the company in parts".

Sources:

• Digital Railroad continues the “rebalancing” of the photography industry
  (Taylor Davidson)
• Digital Railroad Announces Staff Reductions, May Liquidate (NPPA)
• DRR going under?? (Lightstalkers)
• Digital Railroad Likely Being Liquidated (John Harrington)

Related:

• Interview With Digital Railroad´s CEO Evan Nisselson (March 23, 2006)
• Digital Railroad: A New Hub For The Professional Photographer (August 14, 2004)

Pino Granata: The Death of William Claxton

Every time I see a William Claxton picture I can´t help thinking of the time I had the chance to work with this great photographer.

For most people Claxton is the jazz photographer and this is partially true.

He worked for many years for Globe Photos, at that time the best celebrity photo agency of the 50's, 60's and 70's.

For more than 20 years I was the sales manager of an agency which represented Globe Photos in Italy and William Claxton was one of the best photographers of that agency.

QuickLinks For 2008-10-07

• Getty launches Premium Playlist:
  The new online service for film makers and advertising agencies service Premium Playlist resides alongside Getty Images Pump Audio.
  In the new service, Getty is putting together deals that allows them to represent songs on a non-exclusive basis. Premium Playlist already includes 1,000 songs. The content partner decides which songs or albums it will allow Getty to represent globally and in addition to synch licensing, some deals also include the masters too.
  The company plans to expand its content by striking non-exclusive deals with other majors and independent record labels, music publishers, management companies and other content owners to act as a synch licensing arm.
  Billboard.biz/Ed Christman (comp.).

QuickLinks For 2008-10-02

• GumGum launches partnership with Glam Media and Splash News:
  GumGum will provide the entire Glam publishing network (over 600 publishers) with free and legal access to entertainment content from Splash News (photos typically range between $75 and $500 a piece), the content will be ad-supported.
  More details over at TC: "Glam Teams With GumGum".

• October Corbis Creative IQ Trend – Low Tech Living (PDF Download):
  However, as Blackberries, mobile phones and laptops have become more ubiquitous, our lives have become more "connected" and faster-paced than ever. It’s getting more and more difficult to take time away from the devices that were originally meant to set us free.

QuickLinks For 2008-10-01

• Edited interview with iStock´s Kelly Thompson:
  
  • Question: "Beyond that, will you still look for other niches to get into?"
  • Answer: "We have a couple of pretty game-changing things that we can’t really talk about yet... . I think they stand to fundamentally change the stock industry; not to sound too over-the-top, but some of the things we´re introducing could change the stock industry as much as microstock did in the early days."
  Article by Australia´s smartcompany in the "Lunch with an entrepreneur" series.
  Interview by James Thomson as MP3 file (5.8 MB/17 min.).

Pino Granata: We have reached the bottom

Getty has changed hands and nobody knows what are the plans of the new owners to make the company more profitable.

Jupiter has reached the new low ($1.17), losing in one day 30% of its value.

A21 value is between 1 to 3 pennies.

But worse than everything is that all the photo agencies instead of promoting their pictures pointing on the quality, they promise low prices.

They should say: we have pictures that if you use them to promote your products you will increase your sales by 50%. What has happened in the magazines or newspapers for years is that when the editors get free publicity material they don´t even look at it and they throw it in the garbage.

QuickLinks For 2008-09-02

• "Back to Basics", Corbis new September Creative IQ Trend:
  As the economy slows down, the evidence that consumers are cutting back is all around us. Corbis’ latest Creative IQ Trend highlights that this presents marketers with an interesting opportunity to ensure their products and services tap into this "Back to Basics" feeling and photographers will need to provide creatives with imagery that reflects this trend.

• Picture Press is looking for new content:
  Upgrading it`s own content by new material from the global RM picture suppliers Ardea, Able Images, Minden Pictures, Flower Photo, Red Cover and Tips Images since 2007, Picture Press is still looking for new and fresh photographs. "Especially  we are interested in people, beauty and lifestyle pictures", said Klaus Plaumann, marketing director of the Hamburg based agency. "Any offer would be welcome".
  Please contact Klaus directly: plaumann.klaus[at]picturepress.de, tel #49 40 3703 2570.

QuickLinks For 2008-08-27

• Editorial Use images coming soon to BigStockPhoto:
  Following Shutterstock and Dreamstime, BigStockPhoto is "unleashing the power of editorial use images next month! Newsworthy images, celebrities, social commentary, street scenes, everything that's fit for newspapers, magazines and editorializing".
  From the recent BigStockPhoto newsletter.

Jupitermedia 10-Q filing

Online images. The decrease in revenues during the three and six months ended June 30, 2008 is due primarily to declines in direct sales of royalty-free single images and CD-ROMs and in sales from third party distributors, partially offset by an increase in subscription revenues. [...]

Online media. The increase in revenues during the three and six months ended June 30, 2008 was due to the acquisition of Mediabistro which added $2.3 million and $4.4 million in revenues, respectively. This was partially offset by a reduction in advertising revenues due to a decline in advertising spending by technology companies.

(Full quartery report here/Rafat Ali takes a deeper look at MediaBistro)

Jupitermedia posts Q2/2008 results

• Y-o-Y down: -$1.293 million.
• Q-o-Q down: -$52.000.
• Net loss: $3.286 million.
• Q3/2008 business outlook: $33.5 million - $34.5 million.
  • Previous Q2/2008 outlook: $35.0 million - $36.0 million.
• Shares closed yesterday at $1.30.
• More details in the press release.

Jupiterimages´Q2 revenues ($26.090 million) were again the lowest in the last two years.

(1) JI Rev.  (2) JUPM Rev.  (3) JI Rev. in % of JUPM Rev.

Y	Q2/06	Q3/06	Q4/06	2006	Q1/07	Q2/07	Q3/07	Q4/07	2007	Q1/08	Q2/08
1	26.807	26.177	27.087	106.64	27.914	27.383	26.824	26.783	108.904	26.142	26.090
2	35.026	33.784	34.779	137.53	34.771	34.699	34.766	36.128	140.334	34.546	35.000
3	76.53%	77.48%	77.88%	77.54%	80.28%	78.92%	77.16%	74.13%	77.60%	75.67%	74.54%

 

A Short Midsummer Conversation With Shutterstock´s Jon Oringer on Microstock Footage

Andy:

Jon, compared to the microstock photography market size, how big do you estimate is the microstock footage market size in general?

Jon:

Comparatively speaking, the microstock footage market is much smaller.  However, like the microstock image market in its early days (just a few years ago), it is quickly growing and has great potential.

Andy:

Compared to the traditional footage market size, is microstock footage opening a new market that didn´t formerly exist (like microstock photography)?

QuickLinks For 2008-08-02

• 20th Visa pour l' Image photojournalism festival 2008 in Perpignan:
  If you intend to travel to Perpignan this year ... here´s the full festival brochure (PDF download) with all details about the exhibitions, the evening shows, the special features, the awards, the symposium and other activities.

• Angelina Jolie-Brad Pitt pix for $14 mil, most expensive celeb fotos ever:
  Exclusive photos of Brad Pitt and Angelina Jolie´s newborn twins fetched $14 million, a person involved in the negotiations told The Associated Press, giving People magazine and London-based Hello! magazine joint rights to publish the most expensive celebrity pictures ever sold. The person asked not to be named because he was not authorized to release the figure.
  The couple ultimately chose to go a familiar route with its joint deal between People and Hello!, with Getty Images as the photographer and go-between. Getty CEO Jonathan Klein said his company was "delighted that all proceeds from these stunning images will once again be donated entirely to charity."
  AP story, more details here.
  Related: Brangelina baby pics bring excitement, yawns (Reuters)

QuickLinks For 2008-07-26

• No more opt out at StockXpert:
  SXP sent out some e-mail today to contributors about their new deal with images being sold via Photos.com. Buried in the 3rd paragraph was this:
  "As we move forward with more of these programs, we need to deliver the highest quality and most consistent product to customers and business partners. This means that as of July 30 we will no longer offer opt-in/out, and as of August 4 all SXP images will be included in our PPD, partner and licensing, extended licensing, and subscription efforts."
  I had opted out of subscriptions at SXP a while back. Now I have to exit altogether or put up with subscriptions. Nothing in the text says they´re planning to limit the sizes sold via subscription [...].
  The terms for contributors seem to be trending unfavorably - perhaps sites are feeling the economic pinch and trying to squeeze out all the revenue they can.
  Jo Ann Snover/Yahoo MP group.

• 4,000 U.S. Combat Deaths, and Just a Handful of Images:
  Increasingly, photographers say the military allows them to embed but keeps them away from combat. Franco Pagetti of the VII Photo Agency said he had been repeatedly thwarted by the military when he tried to get to the front lines.
  The NYT in 3 pages for the weekend.

Alamy Q2/2008 numbers

Alamy has released its quarterly financial statement for Q2/2008.

More details over there.

Correction on Getty Q2/2008 revenues

The previous chart "Getty Images Q2/2008 Numbers (Ultra-Light Version)", as of July 16, 2008, based on a SPI story, is no longer online. It was incorrect.

Getty said that:

Since we are no longer a publicly traded company, we have not issued a press announcement regarding our revenue earnings for the second quarter of 2008.

The number posted in your story of $218 [million] is in fact the revenue generated during our fourth quarter of 2007, while the first quarter of 2008 was $233.2 million.

QuickLinks For 2008-07-22

• GumGum Chews on First Round:
  GumGum has secured $500,000 of a $1 million Series A round, according to a regulatory filing. First Round Capital led the deal, with partner Howard Morgan taking a GumGum board seat.
  Private Equity Hub.
  While there is some confusion (NewTeeVee/VentureBeat) on some details regarding the amount, Ophir Tanz of GumGum insists that the sources are partly "not 100% accurate" in reporting and promized an precise update in the next days.

QuickLinks For 2008-07-21

• Shooting stars: Citizen paparazzi should be raking it in:
  Big Pictures, owned by the infamous Australian paparazzo Darryn Lyons, has started an offshoot called Mr Paparazzi and claims that a set of amateur pictures of Cameron Diaz surfing made £16,000. The cash was split evenly between the agency and the photographer who just happened to be strolling past.
  In the UK, the Press Complaints Commission states that it is unacceptable to photograph individuals in a private place without their consent - and the definition of a "private place" includes public property "where there is a reasonable expectation of privacy". Bennett, a photographer for the New York Times and adjunct professor of Photojournalism at Columbia University, thinks that the rise of untrained photographers has contributed to the sometimes violent scenes in the LA paparazzi pack. "It gives all photographers a bad name," he explains.
  On the whole, however, he sees good in this industry revolution. "Frankly, the reason that a lot of photojournalists bitch about it is that it raises the bar for all of us," he says. "We have to really differentiate ourselves and prove we're better."
  The Guardian.

CrowdSourcing: One day you are the next SuperStar in Micro-Imaging, -Footage or -Audio

Full version below. Branded version after the jump.

   

QuickLinks For 2008-07-18

• Flickr boss claims Getty deal is great opportunity for photographer members:
  For a time, Flickr considered building an entire licensing platform of its own. However, this option was soon dropped. Instead, Flickr reached out to a number of external companies such as Corbis and Getty. "I can't even remember who approached who", says Flickr CEO Srivastava. "Getty already has had a relationship with Yahoo for a long time. We reached out to them, along with other people. We will not receive a cut of every sales made by Getty."
  The deal was signed earlier this month, with Flickr receiving an undisclosed financial compensation. There is still one caveat: by signing this partnership with Getty, Flickr is banned from partnering with any other licensing company.
  BJP (compiled/abbreviated).
  
  • Related: Getty robust in Flickr deal defence (BJP; compiled/abbreviated):
    Klein estimates that the first images will be available to license from Christmas 2008. Klein added that the deal was 'long term', covering at least five years, that Getty would be unlikely to sign up a photographer with just a couple of shots, and that photographers who regularly update their images will probably do best out of the deal. "Our experience is that less than 1000 photographers will generate the majority of the sales."
    And, while selected Flickr images will sell above the $200 mark, the financial benefits for photographers are still being worked out.
    

QuickLinks For 2008-07-17

• Blinkx Adopts Private-Label Video Search Model:
  Blinkx is the latest niche video search engine to shift to a private-label model rather than concentrating on becoming a destination for video search. Pixsy, Digitalsmiths and Truveo also are offering video search services to other sites and companies.
  The new service, Blinkx Red Label, lets Web sites integrate Blinkx’s search technology into their sites. That will let site visitors search for video and also watch video that’s been paired with targeted ads.
  The Red Label service is free of charge. Ad revenue will be split between Blinkx and each site. Blinkx said it indexes more than 26 million hours of premium content.
  TVWeek. Similar on ShareCast.

• Getty Images hires VP of communications:
  Reporting to co-founder and CEO Jonathan Klein, Caroline Andoscia will work to provide strategic media planning and PR as Getty moves forward with new partnerships, like with photo-sharing Web site Flickr.
  PRWeek.

News from Red Cover Picture Library

From Red Cover:

Red Cover has been going through some difficult times recently, during a period of rapid growth and without the benefit of third party investments.

To this end a formal meeting was held with a representative group of contributors and creditors. At this meeting, administered by Fisher Partners, Chartered Accountants, a plan to take the company forward under the Company Voluntary Arrangement (CVA) was approved unanimously.

"We put forward a number of proposals and all were accepted," comment two contributors, Andrew Twort & Johnny Bouchier.

Alamy updates Novel Use Scheme

Alan Capel´s announcement on the ongoing Novel Use saga:

For the next phase of Novel Use we are running a pilot scheme offering limited subscriptions to major corporations. It is currently operating in the US [...] Images accessed through these subscriptions can be used for internal business use only.

The revenue model for this project has yet to be finalised so returns are difficult to predict, but the price per image could be anything from pence to pounds [...].

Related:

• Alamy´s Limited Use license starts with 3.5 million images
  (June 10, 2008)
• Alamy: Novel Use Scheme, not to be confused with micropayment
  (Sept. 19, 2007)
• Alamy: Aha ... "a number of new products to broaden our customer base"
  (Sept. 17, 2007)

QuickLinks For 2008-07-09

• How Getty Is Killing the Stock Photo Industry:
  Now before you yell that this is a case of spilled milk from an upstart, let me explain why this is more of a David & Goliath story. You see, one of Getty Images' Executive VPs started contacting us as early as July 2006. Initially it was to use PhotoShelter technology to provide a way for non-Getty photographers to submit images. But once the PhotoShelter Collection was announced, they wanted access to our content because we provided ready-to-license, edited content from thousands of contributors around the world.
  They contacted us in July 07, September 07, October 07 and November 07, and we turned them down for one simple reason: It was a terrible deal for photographers (then, as it is now), and did very little to alter the fundamental imbalance in the stock industry.
  PhotoShelter CEO Allen Murabayashi about the Getty/Flickr deal.
  A clever and smart masterpiece of communication and indeed very glorious to report publicly your past business negotiations. It leaves a stale aftertaste, especially after PhotoShelter launched the Flickr Import Tool in March which was shut down 36 hours later. Not that he doesn´t have a point, but this is just bad style.

Flickr + Getty Images: An old story* gets new blood

• Great Photo on Flickr? Getty Images Might Pay You For It (NYT Blog):
  Getty will make payments to Flickr, but detailed terms of the agreement were not disclosed. Mr. Klein said that financially the deal will be immaterial for both Yahoo and Getty Images. Over time, however, thousands of Flickr photographers may benefit.
  Getty also runs a site called iStockPhoto, where amateurs contribute photos that the company markets at lower rates. The photos on Flickr are of sufficent quality to demand higher prices, Mr. Klein said.

QuickLinks For 2008-07-08

• Photojournalism for the Web Generation:
  "Exactly upside down" is how Brian Storm, 37, describes the business model that guides the making, selling and viewing of photojournalism.
  How have they turned photojournalism upside down? Old LIFE stories began with an idea, and editors would assign photographers to produce pictures and a writer to produce text to fit that concept. MediaStorm producers start with the photographs.
  Using one client as an example, Mr. Storm talks about the benefits of MediaStorm´s workshops for writers, photographers and other media professionals. "The L.A. Times is no longer a newspaper trying to make a Web site work. It is a multimedia production company with great resources."
  MediaStorm, he says, "is a purpose-driven organization. I want to make photojournalism work by sharing the secrets other journalists knew, the backstories, the context for the images that made it to print. The problem isn´t bad pictures. The best stuff got left out because in the days of print we couldn´t use it. Photojournalism can make people care about the world if we learn to stop and take the time to tell a good story. Quality rules."
  WSJ/Mary Panzer (compiled).

QuickLinks For 2008-07-06

• Science studies - Corbis`July Creative IQ Trend Report:
  This report highlights the need for the creative community to reflect the increasing demands for skilled workers in the physical and applied sciences. As a large portion of the science and engineering workforce approaches retirement within the next decade, it’s time for science to take centre stage around the world. Only this week, UK-based researchers were in the spotlight for cracking the trillionth letter of the DNA code and across Europe, plans are under way to increase research and development investment, with the aim of making Europe the most competitive knowledge-based economy in the world within the next two years.
  The Creative IQ Trend Reports are now available to give the wider creative community a heads-up on material likely to be in demand in advertising and publishing over the next few months.

QuickLinks For 2008-07-04

• Charles Mauzy responds to questions from SAA ombudsman David Sanger:
  Up to today our sales by industry segment have been definitely weighted to the editorial buyers. Over the first 6 months of MP 25% of our sales were to Magazine Publishers, 24% to Book Publishers, and 5 % to Newspapers. Corporate buyers comprised 23% and the Advertising plus Graphic Design firms combined for 19%.
  We are very focused on shifting this mix to increase the percentage of sales going into the Advertising and Graphic Design segments where there is still a proven need for higher value rights-managed imagery and licensing fees are higher in general.
  To add some color to this, over the same 6 month period our average license fee per transaction into the Advertising segment was $609 and into the Magazine Pub segment $243.
  Digital Railroad blog.

QuickLinks For 2008-07-03

• Getty Images Goes Bye-Bye:
  What is interesting is that Hellman & Friedman bought DoubleClick back in 2005 in a deal that was valued around $1.1 Billion, and within three years this was a leading huge Internet acquisition where the firm sold DoubleClick to Google for around $3.1 Billion.
  You could argue that the entire DoubleClick profit is being used to buy Getty.
  We aren´t inclined to predict who will own Getty Images after 2010 or 2011, but we are fairly certain that it will look different as an operating company or via who runs it.
  24/7 Wallst/Jon C. Ogg.