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.

Comments

[Ken McKee]

Maybe it's too late but it's already interesting that somebody realizes that the micropayments have destroyed the industry. After Jupiter it will be the turn of Corbis and Getty. What's really scary is that nobody can think of a way to overcome the troubles. If economy is bad when it comes to photo industry, it is miserable!