Recent Stock Photo Industry Press Releases

Growing Coalition of Artists' Groups Call on Getty Images to Remove RM Collections from $49 "Web Use" License

Atlanta, GA, Sept. 14, 2007. Earlier this week, six leading photo trade associations sent a joint letter to Getty Images CEO Jonathan Klein objecting to the drastic price cuts and calling for the company to remove all Rights Managed (including Rights Ready) imagery from their new $49 "web use" license product. Since then, more artists' associations have been adding their voices to a growing international coalition now representing the interests of over 35,000 commercial and editorial photographers and filmmakers, photojournalists, illustrators and digital artists worldwide.

New First Research Report "Photo Studios and Commercial Photography - Industry Profile"

The Photographic Services Industry in the US is Labor-Intensive with Average Annual Revenue Per Worker $75,000 for Portrait Studios and $120,000 for Commercial Firms

DUBLIN, Ireland. May 17, 2006. Research and Markets (http://www.researchandmarkets.com/reports/c37176) has announced the addition of the new First Research report "Photo Studios and Commercial Photography - Industry Profile" to their offering. The photographic services industry in the US includes about 14,000 companies with combined annual revenue of $7 billion. Large companies include PCA, CPI, Lifetouch, and Olan Mills portrait studios, and Getty Images and Corbis commercial services.

TrendWatch Graphic Arts (TWGA): For Creative Firms, Technology Challenges Hit a Seven-Year High

February 28th, 2006. TrendWatch Graphic Arts (TWGA) unveiled today that in Winter 2005/2006, 69% of design and production firms cited "keeping up with technological changes" as a business challenge, the highest level since 1999.

Getty Images Reports Financial Results for the Fourth Quarter and Full Year of 2005

Industry Leader Accelerates Revenue Growth Rate and Achieves Record Cash Flow from Operations, Operating Margin, Net Income and Earnings per Share in 2005

SEATTLE. Jan. 26, 2006. Getty Images, Inc. (NYSE:GYI), the world's leading creator and distributor of visual content, today reported results for the fourth quarter and year ended December 31, 2005.

"Our 2005 results are a tremendous way to begin our second decade," said Jonathan Klein, Getty Images' co-founder and CEO. "2005 was, by far, the best year in our history. Our accelerated growth came from all products and services across all geographies. We met or exceeded the goals we set for ourselves and are very well-positioned for the future. Getty Images is still very much in the early stages of our growth and we are confident that we have the right strategy, resources and people in place to continue to take advantage of the many attractive opportunities that lie ahead."

TrendWatch Graphic Arts Reports | Stock Market 2005: Market Sizing

TrendWatch Graphic Arts offers the first comprehensive market sizing report for the stock image industry

The stock image market is one of the most difficult to size. This is a highly secretive industry, made up primarily of small and mid-sized private companies. While Getty and Corbis are public companies that dominate industry sales in terms of volume, the highly fractured nature of the rest of the industry, with hundreds of smaller players, makes creating overall market estimates very difficult. This leads to some intriguing questions. How big is this industry anyway, especially when we take into consideration the vast number of smaller players? And to what extent do the small and mid-sized players contribute to the overall volume? This study puts forth the first comprehensive market sizing estimates that we hope will provide answers to these questions.

Jupitermedia Corporation Reports Record Results for Its Third Quarter Ended September 30, 2005

NEW YORK, Nov. 1, 2005. Jupitermedia Corporation (Nasdaq: JUPM) today reported results for the quarter ended September 30, 2005.

Highlights for the third quarter include:
--Operating income before depreciation and amortization grew 124% to $10.5 million
--Overall gross margins improved to 67%, with gross margins for Online Images improving to 70%
--Operating margins for Online Images, excluding depreciation and amortization, grew to 43%

PLUS COALITION PUBLISHES UNIVERSAL PICTURE LICENSING GLOSSARY

Coalition Accomplishes the “Impossible,” Creating A New Standard With International Participation and Support

New York, NY – October 25, 2005. The PLUS Coalition has published the Universal Picture Licensing Glossary, a free resource providing industry standard definitions for more than 1300 terms used in transactions involving photography and illustration. The new PLUS Glossary is now online and available for use at the PLUS Coalition’s newly launched web site, www.usePLUS.org.

Getty Images Reports Financial Results for the Third Quarter of 2005

Second Consecutive Quarter of Revenue Growth Over 20 Percent

SEATTLE, Oct. 20, 2005. Getty Images, Inc. (NYSE:GYI - News), the world's leading creator and distributor of imagery, today reported results for the third quarter ended September 30, 2005.

• Revenue grew over 20 percent
• Creative image volumes increased 15 percent
• Operating income rose 41 percent and operating margin increased to 32 percent
• Net income grew 46 percent
• Earnings per diluted share increased 36 percent to $0.60 

Reuters Acquires Action Images

19 September 2005. London – Reuters has acquired Action Images, the specialist sports photography agency in a deal designed to continue the expansion of Reuters global picture business. The deal brings together Reuters global sports coverage with Action Images’ archive of more than fifty years of sports photography and a highly successful editorial and commercial photography business.

Action Images, based in London, has been a recognised market leader in sports photography for the last twenty years. Its clients include major sports clubs and governing bodies, international media publishers and sponsors. It has a team of photographers working on editorial and commercial assignments, and has developed an archive of more than 7 million sports images stretching back over 50 years with more than 1.5 million available online.

ONREQUEST IMAGES SECURES $8 MILLION IN SECOND ROUND FUNDING

Frazier Technology Ventures and Maveron Invest in Custom Stock™ Photography Company

Seattle, WA, September 9, 2005. OnRequest Images, the world's leading provider of custom imagery, has completed a second round of funding of $8 million from new investor Frazier Technology Ventures and existing investor Maveron LLC. With the closing of this round, Frazier Technology Ventures General Partner, Gary Gigot, has joined the company's board of directors. Headquartered in Seattle and with offices in New York, Chicago, Los Angeles, San Francisco and Denver, OnRequest Images will use the proceeds of this financing to expand its sales and marketing efforts.