Jupitermedia, the parent company of Jupiterimages, released yesterday the results for Q1/2008. Currently at the time of writing no new JUPM SEC filings are available, and shares closed yesterday at $2.31. The Conference Call will follow today. More details in the press release.
Jupiterimages´ Q1/2008 revenues ($26.142 million) were the lowest in the last two years:
(1) Jupiterimages Rev. (2) JUPM Rev. (3) Jup.images Rev. in % of JUPM Rev.
Alan Meckler said that "revenues from our JupiterimagesUnlimited high level royalty-free subscription offering grew over 100% from the first quarter of 2007 to the first quarter of 2008. We are also starting to see significant growth from our recently launched Stockxpert.com microstock subscription offering".
The business outlook for the whole Jupitermedia Corporation for Q2/2008 expects quarterly revenues of $35.0 million - $36.0 million, like in the previous quarter.
On Tuesday, local tech startup Idée Inc. will publicly launch a search engine [TinEye] that its co-founders boldly say will do the same with images as what Google Inc. does with text. [...]
With a small, dedicated staff and several years of R&D work, Idée has managed to develop a set of algorithms that takes an image, compares it to about a half-billion indexed pictures, and returns a list of similar looking pictures along with their online URLs within milliseconds. [...]
The service could be a blessing for publishers, brand marketers and copyright compliance officers who want to track how products are being distributed on the Web. [...]
Idée's [other] existing service is used by about two dozen clients which tracks down publishers who use their copyrighted pictures and bills them accordingly. The service brings in about $15,000 to $75,000 per client and is growing at a rate of about 10 new customers per month.
Continue reading "Idée Inc Launches Image Search Engine TinEye" »
Full quarterly metrics, like in Q4/2007, are understandably missing this time. More here.
Revenue in Total (T), with Sequential change (S) and Year-over-Year-change (Y):
Assuming another 4% loss in revenues in Q3/2008 and results in Q2 and Q4 at the least like in Q1/2008, Getty Images could be good for 2008 revenues of around $923 million (for various reasons a highly speculative conclusion ...). The company itself expects revenues for 2008 of approximately $900 million.
*The initial projection for Q1/2008 was "approximately $220 million".
Late on Saturday evening iStockphoto posted "Important Subscription Notice for all Contributors" and referred to a separate "Contributor Subscription Information" page with FAQs.
PJ. Morley has done some math on it:
"Early indications suggest that iStock will offer 3 month subscriptions with packages allowing subscribers to download images with a value of between 30 and 480 credits a day.
Continue reading "More News on iStockphoto´s New Subscription Service" »
Pricing below and more details over there in the press release.
Good bye, LuckyOliver, and your very special definition of "midstock" and the Sideshow.
All the best for the founder and for the team!
I have to apologize, but there won´t be regular updates here for some weeks, except for occasional postings in the press release section.
Just in from Corbis´SnapVillage with the underlying thought: "Big ideas are more important than big budgets":
SnapVillage, the innovative microstock website empowered by Corbis, wants to help creatives unleash their wildest creative impulses! Today, SnapVillage launched a design contest in which creatives craft bogus advertisements using images from SnapVillage.com and forget about that pesky "client approval" thing for a change.
Here’s how it works: create a cool (fake) ad using a SnapVillage image, email it to contactus@snapvillage.com and they´ll send you a free SnapVillage t-shirt (be sure to include mailing address and shirt size). But that´s not all - their ad may even be featured in a future SnapVillage ad or on the SnapVillage website.
Following critical responses from its contributors to iStockphoto´s recent annoncement of the soon to be introduced subscription service (posting below from a Silver contributor):
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... iStockphoto posted on Friday a quite interesting FAQ for Contributors on Subscription:
For the records from Jupitermedia´s recent SEC filing (long version with some general country specific numbers on page 5 and page 57; short version of the long SEC filing):
Earlier today I asked iStockphoto two things:
The surprising answer:
Not only Jon Oringer of Shutterstock will probably face a few sleepless nights, but also SnapVillage and Stockxpert which both offer similar microstock subscription services.
iStockphoto, which reported recently 2007 revenues of $71,9 million and expects to generate 2008 revenues of approximately $122 million, will introduce on May 26th a new subscription offering which is currently in private BETA testing:
We hear all the time from potential clients with larger budgets that they need something a little different than what iStock currently offers. Their accountants need the dependability of a fixed cost. So we built iStock Subscriptions for them. [...] Subscriptions will be an additional offering for clients with different needs. [...]
Packages will start for as little as $96/month. [...] Each subscriber has a daily credit limit. [...] Every contributor will automatically have their portfolio available for subscribers to download. If, for some reason, you decide you don't want to make your images available to subscribers, opting out is easy and you will be given ample time to do so.
iStockphoto said separately:
A21 (ATWO), the parent company of SuperStock, the Royalty-Free brand Purestock, the subscription brand PurestockX, of Ingram Publishing/Ingram Stock, ArtSelect and the upcoming MediaMagnet, has released Q4/2007 and full year 2007 financial results (in T$):
A21 Revenues = Total, Image Licensing = Im. Lic., Art Select = Art S.
Unlike in previous quarters, I currently lack the time to describe more details publicly. Please read the fine print in the Financial Exhibits section here and do your own math.
The recent SEC filing has more details: please read all details here.
Continue reading "A21 Reports Q4/2007 + Full Year 2007 Financial Results" »
Jupitermedia, the parent company of Jupiterimages, today released the results for Q4/2007 and the full year 2007. In contrast to previous quarters, I lack the time this quarter here on this blog to take a closer look at some financial details publicly, and actually readers used to read the fine print will find all details for their Excel sheets here in the press release. A quick and very general overlook:
(1) Jupiterimages Rev. (2) JUPM Rev. (3) Jup.images Rev. in % of JUPM Rev.
Continue reading "Jupitermedia Releases Financial Results For Q4/2007 + Full Year 2007" »
... next week on March 18th, and not today, as it was announced this morning in a separate press release.
This is partly disappointing since many people were waiting for the new key numbers of one of the few remaining publicly traded companies in what was once is called the Stock Photo Industry, and since Jupitermedia CEO Alan Meckler said two weeks ago in a meaningful statement "I think we are doing better than Getty. Getty´s numbers cast a bad light on the stock image business and us. Now we move forward without Getty Images' numbers hanging around our neck".
Continue reading "Jupitermedia reports Q4/2007 and Full Year 2007 Financial Results" »
I´m off to the PICTA, organized by the German Association of Picture Agencies, the three-days picture agency fair in Hamburg, which claims to be the second largest event of its kind in the world (which is probably the reason why their website is only in german), so there won´t very likely be any updates here until Monday next week.
From a real long document:
We believe that our best opportunities include growth in non-English speaking markets, growth in micropayment licensing and the introduction of new products and services. [...]
We plan to accelerate growth in licenses of editorial and creative imagery and other digital media content in non-English speaking countries by expanding our product and service offerings in markets that we have not fully penetrated, by creating or acquiring locally relevant content. [...]
In 2007, we saw continued change in the competitive dynamics in the stock photography market. Our customers have increasing access to, and awareness of, a variety of imagery sources on the Internet. [...]
The stock photography at all is doing very badly.
Still we have to analyze what will be the impact on the industry of the sale of Getty Images to Hellman & Friedman which is the most important event in years. This is a fact that can´t be denied.
Every day there are some more bad news. Now we get to know that Masterfile will fire some employees and other agencies will lower some prices.
But these things now happen almost every day. To lay off employees and to lower prices will not solve the problem of this industry and it will make things even more worse and this is another fact.
20 years ago I was dealing with Tony Stone to represent his agency in Italy.
Continue reading "Pino Granata: Let´s try to do the right things" »
MLB has become the latest property to impose limits on news outlets posting online content developed at league facilities, following the NFL´s hotly debated 45-second rule.Just in from Shutterstock, the new prices are up 25,16% - 28,14%:
And: "Our three Enhanced License products will also undergo a price increase on the same date, though these products are not eligible for Automatic Renew".
Related:
Full Overview of the awaited SEC filing and its parts and of the Agreement and Plan of Merger:
Excerpt from Entry into a material definitive agreement:
The Merger Agreement contains restrictions on the Company´s ability to solicit third party proposals or provide information to, or participate in discussions or negotiations with, third parties regarding competing proposals.
These restrictions are not applicable until April 4, 2008, however, with respect to a certain party with whom the Company has previously engaged in discussions with respect to a proposal.
In a short research note published yesterday, Deutsche Bank Equity Research reports -- very likely for the last time like the analysts of Kaufmann Bros. and Robert W. Baird -- on Getty Images:
Getty Images {Closing Price: USD 31.67, Target Price: USD 34.00, Recommendation: HOLD}.
The $34 share price represents a 39% premium to the Friday closing price, which was much higher than our expectation of a $25 price tag.
Continue reading "Deutsche Bank Equity Research on Getty Images" »
Reuters finally interviewed Jonathan Klein:
But a shift of advertising to the Internet and the growth of text-only paid-search advertisements led to a decline in volume for Getty´s rights-managed still pictures.
"The overall systemic issues around less print advertising, more online communication, and significant amount of spend on text-based search, which we hate because it does not have pictures, is not going to change because our ownership changes," Jonathan Klein said in an interview.
"But in the private environment we may be able to focus a little more on longer term growth", he said. "We´ll be able to continue to do what we´re doing without having the public glare every three months."
Klein said the board had at least one other bid to consider, but picked Hellman & Friedman since the price carried a strong premium and the deal did not hinge on financing conditions. He would not identify other bidders.
Reuters in "Private equity to buy Getty Images for $2.1 bln" (two pages).
We´ve been working hard on the details of your 200
