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John Harrington on the Modern Postcard saga Ilise Benun, the Marketing Mentor Stock Artists Alliance Getty Press Release NPPA Independent Photographers Toolkit Advertising Photographers of America Business Manual Common Cents Column On The Cost of Doing Business NPPA Online Discussion Group Instructions Portions of this column were originally written for the October 2007 edition of News Photographer Magazine. Mark Loundy is a media producer and consultant based in San Jose, California. Full bio. The opinions in this article are those of the author alone and do not necessarily represent the official views of the National Press Photographers Association. |
October 2007, Volume 62 By Mark Loundy
"If you want to gather honey, don't kick over the beehive." Getty Images has stuck its finger in a beehive. But does it care? Fourteen photography trade and industry groups have signed a letter protesting Getty's new $49 Web use pricing. The concern is that, as advertising increasingly migrates to online platforms, the pricing plan will permanently devalue digital usage, which is the core of the industry's future. Yes, a lot of noise is being made. In the meantime, after reaching an all-time high of $94 per share in late 2005, Getty Images stock price has struggled for most of the past year-and-a-half to maintain $50. Now they're having a tough time keeping it above $28. Corporate executives faced with numbers like that tend to stop looking at the broader view. They won't consider what they might be doing to revenue "down the road." They need to produce results for the stockholders right bloody now. Situations like that tend to make executives consider "vision" as a luxury that can wait until tomorrow. The problem is that their tomorrow is only as bright as that of their contributors. Will Getty's shooters continue to ride what has become a very leaky boat? We'll see.
Please let me know of any particularly good, bad or ugly dealings that you have had with clients recently. I will use the client's name, but I won't use your name if you don't want me to. Anonymous submissions will not be considered. Please include contact information for yourself and for the client. Leftovers
1. Unrealistic schedules. The job is yours for the asking but they want it done faster than you've ever done it before.
Knowing when to say no is a critical skill for all businesspeople. |
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