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 2012Link
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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