Istock sales expected to double by 2012

Interesting article about Getties results and how they expect the microstock market to expand and traditional stock houses to shrink. Click the link below for the full article.

Getty: iStockphoto Sales Could Total $262M In 2012

March 28, 2008

By Daryl Lang

Getty Images projects that its iStockphoto division will more than double in size by 2012, reaching $262 million in annual sales.

At the same time, traditional royalty-free and rights-managed stock licensing is expected to shrink by a quarter, down from more than half of Getty's revenues to just 29 percent in 2012.

IStockphoto earned $22 million in 2006 and $72 million in 2007, according to figures in a document dated February 7.

A November 2007 report projected that iStockphoto will earn $122 million this year and $262 in 2012.

If counted separately from Getty Images, iStockphoto would probably be the world's third-largest stock agency this year. (The top two agencies, Getty and Corbis, each generate hundreds of millions of dollars in annual revenues. Jupiterimages, generally regarded as third place, reported $108 in annual revenues for 2007.)

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