Category: Jupiter Media
Jupiterimages, a subsidiary of Jupitermedia Corporation (Nasdaq: JUPM), is considered by industry experts to be the world's 3rd largest stock licensing company with more than 10 million rights-managed and royalty-free images. The company is widely considered to be leading-the-pack in the subscription licensing model. In addition, Jupiterimages offers footage, flash animations, music, clipart, animations and greeting e-cards.
Key executives:
Alan M. Meckler - Chairman and CEO
Christopher S. Cardell - President and COO
James Alexander - SVP & General Manager of Jupiterimages
Rick Thompson - VP of Sales, North America, Jupiterimages
Maria Kessler - VP of Creative Business Affairs, Jupiterimages
Mark Nickerson - VP of Image Operations, Jupiterimages
News
Jupiter Media reports 2nd quarter 2008 financials
Jupitermedia Corporation (Nasdaq: JUPM) has released the financial results for the 2nd quarter of 2008 completed on June 30, 2008. The company reported slightly higher revenues of $35 million for Q208, compared with $34.6 million last year, but still wound up in the red again with a net loss of $3.286 million. Compared to the previous year Jupiter is down $1.293 million and the previous quarter down $52.000. Shares closed yesterday at $1.30.
News
Forrester buys JupiterResearch for $23 million
Forrester Research, Inc. (Nasdaq: FORR) has announced that it has acquired Jupiter Research, LLC, and its parent company, JUPR Holdings, Inc., for $23 million in cash plus assumed liabilities from MCG Capital Corporation (Nasdaq: MCGC) who bought the business in Mar 06 for $10.1 million and merged it with its own Kagan Research LLC. Prior to the acquisition by MCG Capital JupiterResearch was a significant part of Alan Meckler’s Jupiter Media (NASDAQ:JUPM) who sold the research division in order to focus on its burgeoning image licensing business. Currently JupiterResearch has 82 employees and 2007 revenues of approximately $14 million compared to Forrester’s 2007 revenues of $212 million, and now more than 1,000 employees.
News
Jupiter 1Q08 results: revenue, margins decline
JupiterMedia released its results for the 1st quarter of 2008 showing a year-over-year decline in both actual revenue and profit margins. These came despite growth in the company’s high-end royalty-free subscription business, JupiterImages Unlimited, and its micro-stock business, StockXpert. According to the company, decreased revenue from JupiterImages’ distribution network and lower-than-anticipated job-board revenue from MediaBistro contributed to the disappointing numbers. Jupiter’s stock closed at $2.17 per share on Friday, May 9, about 26% of it’s 52-week high of $8.38.
News
JupiterMedia launches Clipart Connection subscription site
JupiterMedia CEO, Alan Meckler has announced on his blog that the company has launched a new subscription site for clip art images called Clip Art Connection. The new site, (the 12th subscription site for JupiterImages), features a collection of more than 1 million unique images with subscriptions as low as $4.95 per week. For customers who crave more content the company also operates a more robust Clipart.com subscription site featuring over 10 million images with subscriptions starting at $15.95 per week.
News
James Alexander joins Jupiterimages
Jupitermedia has announced the appointment of James Alexander to the position of Senior Vice President and General manager of Jupiterimages. Alexander comes to Jupiter from Adobe where he led the now discontinued Adobe Stock Photos (ASP) division. He will work at Jupiter’s head offices in Darien, Connecticut and will report directly to Jupitermedia President and COO, Chris Cardell.
News
Jupiter reports results for 2007, “transition year”
Jupiter Images released its 4Q and full year ’07 results showing moderate growth of 4%, quarter over quarter and 2% for the full year. Total sales for the 4th quarter reached $36.1MM and for the year, $140.3MM. During the management conference call to discuss the results, CEO Alan Meckler called 2007 a “transition year” stressing Jupiter’s moves to adapt its strategy to the changing digital content environment as well as its continuing development of businesses other than licensing images. The company also booked a non-cash impairment charge of $82.2 million related to the write-down of goodwill and intangible assets.
News
Jupiter Media acquires micro-payment music site eStockMusic.com
Jupitermedia Corporation (Nasdaq: JUPM) has announced that it has acquired the assets of eStockMusic.com. The purchase now allows Jupiter to offer lower-cost music for licensing in a micro-payment licensing model along with royalty-free digital images and footage on Stockxpert.com.
News
Jupitermedia´s microstock site Stockxpert.com now offering Footage
Jupitermedia Corporation (Nasdaq: JUPM) has announced that Stockxpert.com, a micropayment site competing with Getty’s iStockphoto, is now offering royalty-free footage. The site features both standard and high definition video as well as Flash video priced at $10 to $50 depending on the resolution required.
News
Jupiter appoints Ellen Herbert to post as Senior Director of Creative Content
Jupiterimages, a division of Jupitermedia Corporation (Nasdaq: JUPM), has announced that photo industry veteran Ellen Herbert has been promoted to Senior Director, Creative Content. Ellen joined Jupiterimages in January of 2006 and previously led creative for the FoodPix brand. In this new role she will lead the West Coast office of Jupiterimages for content creation and photographer affiliations.
News
Beata Chelette to leave Corbis. Edie Tobias to take over Entertainment Division
Beate Chelette, the founder of the Beateworks, a boutique agency that specialized in architecture, interior design and celebrity homes, will leave the post she has held since Corbis bought her company in March, 2006. After the sale to Corbis, the company appointed Chelette to the position of Senior Director of Photography, Entertainment. Edie Tobias, a veteran of the stock photo industry who most recently worked for Jupiter Images, will take over for Chelette effective immediately.
EditorialsFeatures
The Year 2007 in Review
Looking back at 2007 in the stock photo industry, several interesting stories come to the fore. The year started with a bang when news leaked about a possible acquisition of Jupiter by Getty. That deal never happened, but several other high-profile acquisitions did take place last year, from Getty’s acquisitions of WireImage, Punchstock and Pump Audio to the purchase of Veer by Corbis. Jupiter took a break from the stock photo business buying spree of previous years but remained busy developing its events and on-line media segments which included the launch of several new trade shows and the acquisition of MediaBistro.
Features
Mr. Stock Smarty Pants sends a pre-holiday missive
Mr. Stock Smarty Pants normally reserves this time of year exclusively for lounging in the hot tub and consuming fine brandy by the snifter while awaiting his next excursion out onto the slopes here at St. Moritz. However, I was caught in an unguarded moment (not to mention a compromising position) several months ago by the editors of About the Image, and thus I’m obligated to answer one of the many annoying pleas for enlightenment they have forwarded to me. So, let us consider this tale of ignorance from a chap named Ron who resides somewhere in the bleakness of Oklahoma:
News
Jupiter bringing up shooters from the “farm team”
Jupiterimages has announced a program to allow contributors to its micro-stock site, StockXpert (the sister product to the popular stock.xchng free image site), to submit images for possible distribution under its mid-price range RF brand, Dynamic Graphics (DG.) On a page on the StockXpert site dedicated to the program, the company invites contributors who have been members for at least three months to submit exclusive-only imagery.
News
Jupiter’s 2Q: RM up, subscriptions up, online media down
Jupiter Images released their 2nd quarter results earlier this week. Surprisingly, given industry leader Getty Images’ recent difficulties in the single image RM revenue category, Jupiter reported steady growth in RM of 30% from the first half of 2006 to the same period in 2007. The company’s subscription business grew by an astounding 200% in the same period. In his conference call with analysts, CEO Alan Meckler stressed that JI is positioned to thrive in the changing image environment, unlike its major competitor (read Getty) who relies so heavily on single image RM sales.
Editorials
Editorial: The real villain is oversupply, not micro-stock
Certain friends who attended CEPIC conference in Florence earlier this month tell me the issue of micro-stock put a cloud over the whole affair. Of course, those comments did not come from my friends among micro-stock company personnel, whose outlooks remain decidedly sunny. I wonder, though, whether the old guard can fairly blame micro-stock for the commercial stock photo industry’s troubled outlook. Naturally, the micro-stock model can only have a detrimental effect on the traditional business, over-all. But what if micro-stock never happened? Would the industry truly be much better off? I doubt it.
News
Getty Images enters music licensing business with $42 million acquisition of Pump Audio
Getty Images, Inc. (NYSE: GYI), The industry leader in image licensing has made its first foray into the world of commercial music licensing with the acquisition of Pump Audio. Getty Images a business that currently dominates the world of still image licensing has touted strong growth in its footage business recently and appears to be focused on building the business into a more comprehensive content provider for its media, advertising and corporate customers.
News
JupiterMedia acquires adsoftheworld.com and creativebits.org
Jupitermedia Corporation announced last week that it has acquired the assets of AdsOfTheWorld.com and CreativeBits.org. The two sites were created by Ivan Raszl, a Hungarian advertising creative director currently living in Bahrain. The combined traffic of the two sites exceeds 1 million unique visitors per month. Both websites will become part of Jupitermedia's Graphics.com network providing user-generated content for the creative and design community.
News
Kendall Higbee joins Jupiterimages as VP of Marketing
Jupiterimages, has announced the appointment of Kendall Higbee as the Vice President of Marketing. In this role, Kendall will oversee the global marketing of Jupiterimages for both direct and partner channels. Kendall comes to Jupiterimages with more than 12 years of industry experience and has held key positions in marketing at Corbis, MediaVast (owners of Wireimage) and JBGPhoto, an agency known for its celebrity archives based in Los Angeles.
News
Jupiter posts weak 1q07 - Stock price sags
Jupitermedia posted weak first quarter 2007 results with a 2.5% increase in total revenue over the first quarter of 2006, but a simultaneous decline in operating profitability, especially from the Online Images division, which accounted for 80% of revenue in the most recent quarter. The company’s income from continuing operations swung from a gain of $2,833,000 in 1Q06 to a loss of $1,041,000 in 1Q07. The company spent $1.9mm in legal fees associated with the acquisition talks with Getty which ended with no deal. Even without that extra expense, however, income from continuing operations would have come in at only $859,000 for the most recent quarter, a decrease of 70% from 1Q06. The stock price dropped by 14% on the news to close at $6.17 at the end of the day on May 10.
News
Jupiter brings subscription service to Japan
Jupiter Images has launched Photostock.jp, a Japanese language version of its Photos.com image subscription service. According to CEO Alan Meckler, this move exemplifies how Jupiter approaches the market in Japan differently from its competition. Currently, Jupiter’s presence in Japan takes the form of a partnership, started in 1999, with the Japanese software and gaming site company, AERIA. In addition, Jupiter already offers another Japanese language subscription service in the country, clipart.jp, the Japanese counterpart to Clipart.com, and has managed the Japanese news and information web-site, www.japan.internet.com since the mid-90’s. Jupiter plans to build a creative image team in Japan, but not to set up a full-scale stock image business the way Getty and Corbis have done. “Japan can be a black hole for business,” says Meckler. Nonetheless, he added that Jupiter will soon make more announcements about their growing offerings in the Japanese market. These new initiatives will be consistent with Jupiter’s strategy to build and work with Internet-based photo communities, another approach that separates Jupiter from its stock photo industry rivals. As for the rest of Asia, Jupiter has stated plans to continue working with representative agencies in the Hong Kong, Singapore, Taiwan and China. Click here to view the original press release.
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