Saturday, 5 April 2008

Istock sales expected to double by 2012

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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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