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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Monday, 10 December 2007 |
 When your company is the official photography supplier for the governing body of a major sporting event, it must do a nearly flawless job if it wants to keep the assignment.
When that event happens to be the most prestigious sporting extravaganza in all of sports, your company had better get it right. It will be competing with the planet's most accomplished sports shooters and it certainly will be publicly embarrassed if it blows this one.
Which is why Getty Images spends so much time and effort preparing for an international Olympics. On-location preparations for the upcoming Beijing Summer Games began more than two years ago and will continue until the opening ceremonies in August, said Ken Menardis, director of photography for major events at Getty.
And, even as Beijing moves front-and-center, Getty Images' editorial division already has started work on the 2010 Winter Olympics in Vancouver, British Columbia. Preparation for the Olympics is a never-ending process for the world's biggest distributor of stock photography.
Continue reading Planning for Beijing . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Thursday, 06 December 2007 |
"Yes, we admit there is a problem with the accounts. We are working our way through them. We are doing the right thing."
Photolibrary Chairman Tim Moore was responding to allegations from a former employee who said company's Index Stock division owes 1,500 photographers a total of $2.2 million in unpaid royalties from before November of last year. Photolibrary acquired the financially troubled New York City stock photography distributor during that month.
Moore said his company is working to identify photographers who are still owed money. He contended that documents former employee Carlos Santos relied on in making the claims were stolen and manipulated.
And the chairman praised the Picture Archive Council of America (PACA) for "being discreet in a very independent and sensible way" in their handling of a complaint against Photolibrary. PACA's Ethics and Grievance Committee is looking into the concerns raised by Santos.
Continue reading Photolibrary Responds . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Thursday, 06 December 2007 |
An organization of stock photographers has issued a statement saying it has reviewed allegations that the Index Stock division of Photolibrary owes photographers as much as $2.2 million and has concluded that a problem does exist.
"Over the past two weeks, SAA (Stock Artists Alliance) has also communicated with a group of members who are Index Stock contributors and who authorized SAA to review their records, including past Index Stock statements and documentation of payments received."
The group said the records supported statements in e-mails sent to photographers by Carlos Santos, a former controller at the company. Santos, who was dismissed Nov. 15 after sending the e-mails, suggested that Photolibrary owes many contributors money for royalties not paid by Index Stock's previous owners.
Continue reading SAA Issues Statement . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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Written by Stock Artists Alliance
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Wednesday, 05 December 2007 |
December 6, 2007-- The Stock Artists Alliance (SAA) continues direct discussions on behalf of SAA members currently or formerly represented by Photolibrary's Index Stock brand. Recent revelations and accusations leave the SAA Board greatly concerned about whether Photolibrary has met its contractual obligation to pay Index Stock contributors all past commissions.
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Last Updated ( Wednesday, 05 December 2007 )
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Tuesday, 04 December 2007 |
Getty Images has been pruning its collection of distribution partners around the world to eliminate a considerable amount of overlap and duplication, according an executive who is responsible for the company's strategy in this area.
Duncan Beard said acquisitions of Digital Vision, MedioImages, Stockdisc, Stockbyte and MediaVast have left Getty Images with too many companies subdistributing various products.
The director of indirect international sales said Getty has reduced the number by about one third, leaving it with about 200 partners licensing one or more products –– royalty-free, editorial or rights-managed imagery.
Continue reading Getty Culls Channel . . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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