From WMBD/WYZZ, Jupiter Images Lays of 100 Peoria Workers:
"Jupiter Images, originally known as Dynamic Graphics, employed a total of 400 people worldwide.
Company CEO Alan Mechler [see note below] tells us they lost 40% of their business after what he calls a 'technology internet revolution' changed their competitive landscape.
Mechler says the images the company used to sell for $300 a piece could now be purchased for as little as $3 by competitors. Thus leaving the company no other option but to sell the company to Getty images or go bankrupt.
All 400 worldwide employees from England to Australia will be laid off between April and September. One hundred of those employees are based in Peoria."
Continue reading "Layoffs at Jupiterimages/Getty Images" »
Below you can read:
- Selected parts of Corbis´ explanation.
- After the jump SnapVillage´s full message to contributors including a FAQ guide ("Veer Marketplace - All SnapVillage Contributors FAQ") for downloading with detailed information on the new price structure ("Veer Marketplace will not offer the SnapVillage contributor-priced model of Pick Your Own Price").
As a new microstock agency (or: "a new microstock-specific section at Veer") Veer Marketplace will "launch in two phases, Phase 1 in late February and Phase 2 in spring/summer of 2009". When Phase 2 launches "image pricing will transition to a credit-based pricing and subscriptions model".
All higher price levels for images offered by SnapVillage ($25 and $50) do no longer appear on Veer Marketplace´s price list (see below).
It can only be speculated if any time later in the coming years microstock images from Veer marketplace and the high-end imagery of Veer will appear together on one website and an identical URL, similar to Fotolia´s microstock images mixed with the Infinite Collection from traditional stock agencies, all in one single destination.
Continue reading "Corbis to close SnapVillage, launches Veer Marketplace" »
I went to Stockholm for the weekend to see a friend of mine who is also a business associate. He works very hard but he is very unhappy about the business and he is very concerned about the future. He is exploring other options in the world of photography - but also in other businesses.
It´s not worth to work very hard to hear from picture editors that there is no money anymore in this industry. The offers he gets for his pictures are not even enough to cover the expenses.
He tells me of agencies which sell images to publishing houses for a ridiculous low monthly amount of money.
His girlfriend and partner in the business is even more desperate than him: there is no money anymore, she tells me.
Continue reading "Pino Granata: Desperate Stockphoto Dealers" »