Some speculate that overall fake news could cost the economy $39 billion a year. Quite a market to grab for a savvy tech startup, even at 1%! But while fake news and in particular deep fakes have been accused of wreaking havoc on minds and economy, there is surprisingly only a minimal amount of companies offering tools to combat them. The reason?
It’s going to come, there is no doubt about it. Within the next 5 to 10 years, computer software will allow the creation of fully realistic photos from scratch. Already, researchers are experimenting with various ways to achieve this, including some without any human intervention. But before photographers drop their camera
Word on the street was that if Getty sneezed, the industry was sick. But what about Shutterstock? Has it taken a dominant enough position in the marketplace to become the health barometer of stock photography? Is this week’s quarterly report, covering a less than stellar quarter along with a less optimistic forecast, a
The year has not been kind for the editorial space and as result, photo agencies have continued to suffer. The market continues to see decreasing space rates along with print publications shutting down. Once the kingdom of Rights managed and exclusives, it is now a vast flat plain of yearly unlimited
Apparently, Getty Images is no longer in love with its entertainment division. Word in the street is that all the top executives of that branch, Vince Bannon, VP of Strategic Partnerships and Georges DeKeerle, Sr. Director EMEA have been given the pink slip. And there might be more. The reasons are not clear. Some
Rumors have been rampant for a while. First Shutterstock was believed to be the buyer, a rumor quickly killed by no other than Jon Oringer himself during their last quarterly report. At the last DMLA conference, the target moved to China Visual Group and remained there. It is confirmed today:
While there has never been so many photos taken and shared online, the world of professional photo licensing is not striving. In fact, most legacy companies have seen their revenue freeze or decline in the last decade, with rare exceptions. While at first contradictory, a closer analysis reveals that part of the issue
Erosion takes a long time. Memories not so much. There used to be two groups of photographers, the casual, memory grabbers and the pros. The memory grabbers pick up a camera for family occasions or social events in order to compensate for everyone’s poor memory. Unimportant is the image quality