GETTY’S FIRST REVENUE STATS SINCE RE-ENTERING PUBLIC SECTOR
Aug 15, 2022
With Getty Images back in the public sector after the successful completion of its business combination last month with CC Neuberger, financial details are back in the public domain via stock reporting requirements. It reports second quarter revenues at $233.3 million, an increase of 4.1% year on year. Creative content revenue decreased by one percent to $146.7m, while editorial sector upped 15 percent to $82.9. Annual subscriptions income also showed an increase.The number of video clips on offer increased over the last year from 18m to 22m, and video customer activity amounted to 12.2 percent of overall.
FOCAL FOOTAGE COMPANY OF THE YEAR SHORTLIST ANNOUNCED
MAY 24, 2022
Trade association FOCAL International has named four shortlisted footage houses vying for its annual Footage Company of the Year award. They are Frame Dealer, a French company offering pre-existing footage and tailor-made shoots; LOLA Clips, based in London and Los Angeles and representing 25 major collections; R3store, a London-based licensing and restoration house; and the Yorkshire and North East Film Archives that finds, preserves and provides public access to moving images made in or about Yorkshire and North East England. The award category is sponsored by Footage.net.
SHUTTERSTOCK ACQUIRES POND 5
MAY 20, 2022
Shutterstock, a US provider of stock photography, stock footage and stock music, has acquired Pond5, the world's largest video-first royalty-free and editorial content holder.
FOCAL 2022 LIFETIME AWARD WINNER ANNOUNCED
MAY 19, 2022
The FOCAL International Lifetime Achievement Award for 2022, gifted by the trade organisation’s International executive board, to Bríd Dooley, Head of Archives and Library Services at Irish national public service broadcaster RTÉ. A veteran of the archives of UK news broadcaster ITN and UK breakfast programme maker GMT, she was appointed to lead RTÉ’s television archive project of 2000, before being appointed as Head of Archives and Library services in 2003. She was General Secretary of FIAT/IFTA from 2002-2012. Bríd Dooley will receive her award at the 2022 FOCAL Awards Gala Ceremony in London next month.
HISTORIC BRINGS THE IRA GALLEN COLLECTION TO THE MARKET
May 18, 2022
Historic Films has embarked on a multi year project to catalogue, archive, scan and make available many hours from the Ira Gallen collection. From 1972, Ira resurrected and preserved tens of thousands of vintage television commercials, children's tv shows, Hollywood outtakes and one-of-a-kind television programs. For 25 years he utilised his collection hosting the pioneering New York City public access program Biograph Days, Biograph Nights.
SCREENOCEAN LAUNCHES EDU SERVICE
April 7, 2022
UK-based footage house ScreenOcean has launched a new service, Newsfilm for Education, that gives academic institutions access to raw video coverage of international news and over 1m clips from the Reuters News Archive, which it represents commercially. Screenocean says the service allows for footage that is part of a production to be shared non-commercially online, at exhibitions, events and festivals in order to promote the work of students. Screenocean recently extended its Reuters representation deal by five years.
NATURE FOOTAGE MARKS 20 YEARS ONLINE
April 7, 2022
NatureFootage, launched in 2002 as an online stock footage marketplace, is now representing the work of over 750 leading contributors, its offering including 550,000 curated video clips and more than 6,000 natural species.
ADVENTURE ADDS NEW COLLECTION
Feb 1, 2022
The Adventure Film Archive of Leeds, England, has newly added the collection of Oregon-based Steven Mortinson Film to its growing offering. Based in Portland, Mortinson is a photographer and filmmaker who works predominantly on documentary and commercial content for outdoor and conservation companies across the Pacific Northwest and internationally.
SHUTTERSTOCK UPS ITS DIVIDEND
Jan 25, 2022
New York Stock Exchange listed footage and stock photo portal Shutterstock has declared a cash dividend of $0.24 per share of its common stock, payable on March 17. The new dividend represents an increase of approximately fourteen percent over the previous quarterly dividend.
POND5 CLAIMS VIDEO CLIP RECORD
Jan 20, 2022
On-line provider Pond5, that says it is world's largest online marketplace for royalty-free video, newly claims to be the first stock media company to exceed 30 million licensable royalty-free video clips. With 100,000 video artists uploading 15,000 new videos every day, Pond5 boasts millions more clips than any other stock media provider. In addition to the work of individual providers, Pond5 has deals to offer material from Reuters, the Associated Press and NFL Films.
LOLA ACQUIRES AERIAL LIBRARY RIGHTS
Jan 19, 2022
Footagehouse LOLA Clips has acquired the 4K aerial archive of SoMotion, the archive of pioneering aerial photographer Ben Kelly whose 4K catalogue includes extensive aerials across Iceland, UK and Europe. SoMotion, headquartered in the town of Lewis in Sussex, England, has been shooting Ultra High Def material using drones and helicopters since 2007. Founded in 2015 LOLA has offices in London and Los Angeles and markets a collection that includes material from RAP Entertainment, London’s ITV Archive and other aerial collections.
FOCAL LAUNCHES MENTORING SCHEME
Jan 19, 2022
Industry body FOCAL International is launching a mentoring programme to provide help and guidance to newcomers to the archive world looking to grow a career in all areas of the footage industry. FOCAL says it is seeking to enrol mentees who are students in production, media, the arts, culture, cinema, journalism or history and have a strong interest in archival heritage and the audio-visual world. Applicans can be new entrants into the industry or individuals at a mid-career pivot ,or have just landed a challenging position and want guidance in a new environment. They will need to commit to a six-month programme to include a minimum of one-hour online monthly meetings with the mentor and a full-day event this September.
FOOTAGE MARKET GROWTH PREDICTED
Jan 14, 2022
In a report, market research company TechNavio says it expects the size of the stock video market to grow by USD 204.30m between 2020 to 2025 with more than half of the growth to come from the US market. According to the report, the year-on-year growth rate in 2021 has been 5.68%.
UK’S ITN EXTENDS GETTY DEAL
Jan 12, 2022
Getty Images says it has extended its deal to represent the archive of UK TV news provider ITN. Getty first signed with ITN in 2016, and the extended agreement is described as “multi year.” The ITN Archive offers over a million clips of iconic news coverage of world events shot on film and video. It spans more than 65 years commending in 1955.
MULTI MILLION DOLLAR DIGITIZATION FOR ISRAELI ARCHIVE
Jan 12, 2022
The Israel Film Archive has put on-line a collection of films previously closed to the public that shows wars, elections and vintage advertisements, as the result of a $10m digitization program. Divided into sections, the website includes a paid on-demand category containing 300 Israeli feature films and a free historic area with digitised versions of rare films, every newsreel created in Israel between 1927 and 1972, home movies, and family collections. According to The Times of Israel the earliest material is a Lumière Brothers film of Jaffa, Bethlehem and Jerusalem shot in1896 followed by Thomas Edison’s cameraman’s work from the Holy Land in 1903.
AMIA LAUNCHES MOVING IMAGE INDUSTRY EMPLOYEES SURVEY
Jan 6, 2022
AMIA, the Association of Moving Image Archivists, is inviting participation in its Annual Salary & Demographics Survey of the moving image industry. The plan is to anonymously gather data from persons working in and with moving image archives to study factors impacting compensation and professional development. The survey has been developed in response to AMIA member interest in salary data from the archives profession and, in particular, from media archivists and people in related fields whose primary work is with audiovisual materials. The survey aim to gather data on age, race and ethnicity, sexual identity, level of education, and years of professional experience to examine if and how these factors interact to affect salary, employment, and professional advancement. A summary of survey results will be available for download from the AMIA website.
UK CONSUMER MEDIA SPEND BOOM
Jan 6, 2022
British consumers spent a record figure of almost £10bn ($13.5bn) on home entertainment last year as the pandemic fuelled a boom in streaming services such as Netflix, Prime and Spotify. The figure included an increase in revenues from sales of physical music formats after two decades of decline, a good portion of it on vinyl.
AP NEWLY MARKETS TURKISH MEDIA HOLDING
Dec 29, 2021
The AP Archive has announced a new partner supplier in the leading Turkish conglomerate company Demirören Media Group that operates the 24-hour news channel CNN Türk (a joint venture with CNN), the news agency DHA, and the TV channel Kanal D. The deal gives access to footage of “cross-topic breaking and planned news from Europe and the Middle East”.
GETTY IMAGES GETS ADDITIONAL INVESTOR AHEAD OF FLOAT
Dec 28, 2021
Following the announcement earlier this month that Getty Images is to go for a public listing in conjunction with acquisition company Neuberger Principal Holdings II, the tech-focused holding company Multiply Group is entering into a binding commitment for to make a $75 million investment at the equivalent of $10 per share.. According to Getty, the investment from Multiply increases total capital commitments to $875 million with an expected total equity income of approximately $1.3 billion. Getty Images says its common stock is to be listed on the New York Stock Exchange under the symbol “GETY.” Proceeds are expected to pay down existing Getty Images debt and capitalize the Company’s balance sheet. The closing of the transaction is expected in the first half of 2022. The Multiply Group is an Abu Dhabi-based holding company investing in a diversified portfolio of high-return businesses.
AUSTRALIAN GOVERNMENT UPS SUPPORT FOR PRESERVATION
Dec 15, 2021
The National Film and Sound Archive of Australia is getting A$41.9 million (US$39m) in Federal Government funding over four years to digitise the nation’s “at-risk” audiovisual heritage held across eight National Collecting Institutions. The funding announcement supports: digitising 240,000 “at-risk” audio, video and film items before they deteriorate irretrievably, safeguarding at-risk First Nations audiovisual collections, increasing existing digitisation efforts across film, audio and video, significantly expanding digital storage capacity from six petabytes to 165 petabytes over four years, boosting storage and cybersecurity to protect systems from cyber-attack, creating an off-site data centre to provide improved security and a “world leading” disaster recovery capability, the ongoing digital preservation of newly digitised material for each participating institution.