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iStockphoto introducing stock photography and footage subscription in May ‘08
Getty’s micropayment product, iStockphoto, the first and largest of the micro-payment sites with an image licensed every 1.4 seconds, has announced that it will be launching a subscription service to allow open access to photos, illustrations, and footage, for a period of 3, 6 or 12 months. The company is currently in private BETA testing of the new service and has declined to release information about the pricing and terms of the service except to say that Packages will start for as little as $96/month. Other companies offering similar subscription services include Shutterstock, SnapVillage and Stockxpert.
iStockphoto who recently announced that it generated $71.9 million in revenue in 2007 (royalties of $20.9 million paid to contributors) with projections of $122 million for 2008 seems to be responding to customer demand with its newest offering “You’ve asked, and soon you shall receive… Have an office full of creatives with an insatiable addition to iStock? No problem. Subscriptions will be available for Corporate Accounts where you’ll save time and money by customizing a plan that meets your group’s needs. Select the number of users, daily credit limits for your team and the duration of the plan. The longer the plan, the less you’ll pay per image” states iStock´s VP Kelly Thompson in the announcement.
There are already over more than 200 pro and con responses to the announcement in the iStock forum which states that all images will be available to subscribers unless a contributor opts-out of participating in the service.
Click here to view the original announcement.
Posted in: Getty Images, Micropayment Stock Photography, News, Stock Footage, Stock Photo Companies, Stock Photography Subscriptions
