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Crowdsourcing is Executing Rights Managed Stock


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#1 DigitalDarrell

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Posted 03 January 2007 - 08:22 PM

The Rise of Crowdsourcing

"...At first, the stock industry aligned itself against iStockphoto and other so-called microstock agencies like ShutterStock and Dreamstime. Then, in February, Getty Images, the largest agency by far with more than 30 percent of the global market, purchased iStockphoto for $50 million. “If someone’s going to cannibalize your business, better it be one of your other businesses,” says Getty CEO Jonathan Klein. iStockphoto’s revenue is growing by about 14 percent a month and the service is on track to license about 10 million images in 2006 – several times what Getty’s more expensive stock agencies will sell..."

http://www.wired.com....06/crowds.html
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#2 Rick Paul

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Posted 03 January 2007 - 09:36 PM

Interesting article, and almost surprising that Wired picked up on it. This shouldn't not be surprising to anyone. This is what the internet is doing. It's a fundemental shift. What this is doing to photography is no different that what Amazon is doing to retail booksellers and what iTunes is doing to music (Tower Records went out of business a couple months ago). What amazes me about articles like this is there are photographers who were shooting stock that seem surprised..! I thought of something else the other day. With thousands of photographers posting on micro stock sites, generating millions of images, we're rapidly creating the most complete visual record of planet earth that has ever existed! Soon will there be a square inch that hasn't been captured? I wonder if the Historians are tracking this! Sorry. It's late and I'm thinking deep thoughts...

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