30 Dec 2008 This Month in Microstock – December 2008

Year 2008 closes another year of rapid evolution in the microstock market. Stay tuned for a look at the top news for all of 2008 and a look forward at what trends we’re seeing continue into 2009. For now, here’s what happened in December:

Microstock News

iStockphoto made lots of announcements simultaneously in this forum thread. Highlights: photos will be split into three “collections” – dollar bin, regular, and premium – with different prices; new XXXL size; adjustments to vectors, videos and audio; non-USD currencies to change only once per month; and, new credit pricing for 2009.

Dreamstime launched their Payoneer payout service. Their partnerships for this month extended their reach in Central and South America through Other Images and into Russia with Phototimes.ru.

Fotolia launched their version of a contributor shooting event, inviting Yuri Arcurs along to give a workshop. The event was held in Berlin and hosted by CEO Oleg Tscheltzoff who reminded us at the end of the video of Fotolia’s plans to sell video footage in the near future. Robert Kneschke wrote about his experience here (or translated to English here).

Traditional stock agency Superstock went into Chapter 11 bankruptcy and Masterfile made a stalking horse bid to acquire the US assets.

The Getty Images and Jupiterimages deal was given early approval by the authorities and is expected to close in late January.

Corbis came out with a promotional video (actually it was late November) featuring senior executives speaking about how they’re going to generate more revenue for their photographers.

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