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Written by Digital Railroad Inc.
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Monday, 03 March 2008 |
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SEATTLE, March 3, 2008-Digital Railroad, a leading provider of Web-based application services for the professional photography industry, today announced the appointment of Thomas A. Grina to Chief Financial Officer. A seasoned finance executive, Grina has over 20 years' experience leading financial organizations in the telecom and software industries. He'll play integral roles in overseeing Digital Railroad's finance organization, account management, and business and operating strategy.
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Last Updated ( Monday, 03 March 2008 )
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Friday, 29 February 2008 |
 The Interactive Advertising Bureau (IAB) estimates that sales of internet advertising was worth a record $21.1 billion in 2007, an increase of 25 percent over the previous year when $16.9 billion was spent on web ads.
The organization, which represents 375 interactive companies, and PricewaterhouseCoopers said fourth quarter internet ad revenues totaled about $5.9 million, which was a 13 percent increase over the third quarter and a 24 percent increase over the same period in 2006.
Final results for the third and fourth quarters of last year will be reported in May, the IAB said. Results are compiled from information provided by the top 15 online ad sellers. The IAB previously predicted the web 2007 ad spend would reach $20 billion.
Continue reading Web Ad Spending Up . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Wednesday, 27 February 2008 |
(Editors Note: The following is adapted from a story entitled "Unsolicited Advice'" which The Stock Asylum published Wednesday.)
A picture isn't worth very much. Everyone has lots of them. They clog computer hard drives and spill out of boxes. Children cut them out of magazines (or download them from the internet) and paste them into school projects that will be discarded in a few days.
A picture isn't worth much. But what a picture does –– what the right picture does –– can easily be worth thousands, tens of thousands, hundreds of thousands, even millions of dollars to the company that uses it.
The picture is almost always the first element of an ad, brochure, magazine cover or web page that registers with a consumer. It is the handshake, the first impression. It is what cuts through the visual clutter and captures a consumer's attention.
Continue reading Don't Sell Pictures. Sell What they Do . . .at the Stock Asylum
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Wednesday, 27 February 2008 |
In announcing this week that it will be acquired by a private equity firm, Getty Images essentially confirmed what everyone in stock photography knew: the world's largest image distributor needs a fresh start.
It is not that the company has fallen on hard times. Getty Images made $126 million in net income last year. But the company made $130 million the previous year. The decline highlighted a disturbing trend in Getty's core creative stills business, which has struggled for some time.
So far, the company has blamed the creative stills problem on factors outside its control. The growth of paid search ads that use no images and a shift of advertising dollars to the internet are two reasons frequently mentioned. Many images used on the internet are inexpensive low resolution royalty-free photos. Sometimes, these web uses replace printed applications that command higher image licensing fees.
But the reality is not quite this simple. Even as Getty Images' creative stills business stagnates, a number of other stock photo companies report growth. Competition, including some from Getty's own micropayment stock division, has taken a toll. Image buyers and photographers seem much more open to doing business with other distributors.
The evidence suggests that some of Getty's problems really are partly or entirely under the company's control.
By failing to foster good personal and financial relationships with contributors, by aiding and abetting the creation of industry-wide pricing that makes little sense, and by acting as if technology could substitute for a good sales effort, Getty Images has systematically squeezed the vitality out of its most lucrative product.
So, removing the Getty Images from under the microscope of Wall Street may be an important move. But, it will be validated only if the new Getty Images can make some hard decisions that will be costly in the short run, but which could put a new, more solid foundation under this company.
Here are three unsolicited (possibly unwanted) suggestions for the new Getty Images:
Continue reading Unsolicited Advice . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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Written by Alamy Limited
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Wednesday, 27 February 2008 |
Oxfordshire, UK, 27 February 2008--Alamy has terminated the contract of a contributor for falsely stating that an image had a model release.
The company, the largest stock photo site on the web, acted swiftly after being contacted by a member of the public who had appeared on an image marked as released but was confident he had never signed one.
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Last Updated ( Wednesday, 27 February 2008 )
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