The new company to be called... Ghutter Stock?
Getty Images and Shutterstock to Merge
61–70 of 152 posts
Re: Getty Images and Shutterstock to Merge
#62Earlier quoted context omitted.
I can afford them, I just don't need to anymore. My use cases for stock photos are websites, marketing, landing pages etc. The SOTA image models are sufficient for my use cases and my customers don't care. Infact, they are happy with the quality of AI generated stock photos and appreciate the fast turnaround and lower cost.
Which models are SOTA as of now?
In terms of realism, Flux is leading the pack currently
Re: Getty Images and Shutterstock to Merge
#63Earlier quoted context omitted.
Can you elaborate what is needed to compete and displace?
- a stock photography collection to make your site seem full of content - organize the labor to shoot photography and video around editorial content and empower them to sell their own assets with tooling - as an indexer you only take a 30% which is much lower than the aggressive everyone loses shutterstock-getty cut ——— Personally I imagine a decentralized approach where contributors host the content or purchase host…
This is misguided.
First, you can't "organize labor" to take an iconic photo of a shuttle landing that happened 30 years ago. That is, there is enormous value in their existing library.
Second, decentralized photography is called Instagram, yet those photos aren't worth anything. Instagram has no interest in licensing them. Instead, they monetize around the photo (engagement) and not the photo itself. The real value has been in the content produced by professional photojournalists.
Whether Getty/Shutterstock is a good business is a different topic. They've been around for a long time, despite your claim they are "easily disrupted." You both underestimate the value of indexing (distribution) and mislabel them as being merely an indexer (they protect rights, organize deals, bundle and package, centralize relationships, to name a few).
Re: Getty Images and Shutterstock to Merge
#64I've been a (small time) Shutterstock contributor for over 10 years. You'd think they'd send a mail to the people producing the images to announce something like this, instead of waiting for them learning about it in the press. You'd be wrong.
The company isn’t organized to do that. It’s a handful of 40 year olds holding a carrot on a stick in front of 20-30 year olds. The leadership doesn’t actually direct any product development so it’s just meetings and chaos.
Re: Getty Images and Shutterstock to Merge
#65Earlier quoted context omitted.
There are plenty of businesses that think the same way and every time I see an ad with an image that's clearly AI-generated I steer clear of it. It looks cheap, hits the uncanny valley and is often a good sign of lowest effort possible.
Survivor bias. In that, you're reacting only to the images you assume are AI. It could be you're really good at spotting them, or they're really bad. But it could also be you spot a tiny proportion, or even misidentify real images as AI. Without knowing the real rate, it tells us nothing about whether picking AI images over stock images is a good tradeoff or not.
Oh, please. I've generated many, many images. They are not hard to spot.
Re: Getty Images and Shutterstock to Merge
#66I have always held Getty at a much higher level than Shutterstock.
I find this a bit sad.
Re: Getty Images and Shutterstock to Merge
#67Earlier quoted context omitted.
- a stock photography collection to make your site seem full of content - organize the labor to shoot photography and video around editorial content and empower them to sell their own assets with tooling - as an indexer you only take a 30% which is much lower than the aggressive everyone loses shutterstock-getty cut ——— Personally I imagine a decentralized approach where contributors host the content or purchase host…
This is misguided. First, you can't "organize labor" to take an iconic photo of a shuttle landing that happened 30 years ago. That is, there is enormous value in their existing library. Second, decentralized photography is called Instagram, yet those photos aren't worth anything. Instagram has no interest in licensing them. Instead, they monetize around the photo (engagement) and not the photo itself. The real value…
I never claimed they were an indexer, I claimed that is how a company to displace them would work. Everything you’re telling me is misguided is a misinterpretation about my claims of a non-existent competitor. Your interpretation of my response is misguided.
You don’t need a back catalog for a 30 year old photo of a shuttle launch, that wouldn’t sell to recent news outfits looking for latest editorial content.
The fact that Shutterstock has spent the last decade switching from php to react to nextjs and only acquiring their competitors is more than enough evidence they are easily displaced. The only thing your competitor has to do differently is not sell out to Shutterstock.
Re: Getty Images and Shutterstock to Merge
#68Shutterstock and Getty do not make money from their stock photography catalog, most of their revenue comes from maintaining exclusive contracts for editorial content (news photos, videos, etc) and selling licenses to those assets. Someone could easily displace them as they haven’t done anything with their companies but shrink contributor earnings and buy out smaller stock asset companies in the last decade. Shutterst…
>Shutterstock and Getty do not make money from their stock photography catalog, most of their revenue comes from maintaining exclusive contracts for editorial content (news photos, videos, etc) and selling licenses to those assets.
How are you not counting that as "making money from their stock photography catalog"?
Re: Getty Images and Shutterstock to Merge
#69Shutterstock and Getty do not make money from their stock photography catalog, most of their revenue comes from maintaining exclusive contracts for editorial content (news photos, videos, etc) and selling licenses to those assets. Someone could easily displace them as they haven’t done anything with their companies but shrink contributor earnings and buy out smaller stock asset companies in the last decade. Shutterst…
>Shutterstock and Getty do not make money from their stock photography catalog, most of their revenue comes from maintaining exclusive contracts for editorial content (news photos, videos, etc) and selling licenses to those assets. How are you not counting that as "making money from their stock photography catalog"?
If you remove the editorial arm, revenue would crater from only selling generalized stock photography.
Re: Getty Images and Shutterstock to Merge
#70No anti-trust here? Seems like their market share might be too unreasonable to me.
I know it's not entirely in keeping with the spirit of this site, but there's a part of me that really wants to snark,
"Oh no! We might no longer have meaningful competition for random-ass, dumbed-down, emotionally manipulative pictures to add to news articles! So next time you read an ad-bloated article about prices going up, they might not be able to afford to include a picture of an average Jane pushing a shopping cart! Truly, a loss to us all!"
Edit: Maddox's classic take on annoyance with stock images:
http://www.thebestpageintheuniverse.net/c.cgi?u=stock_photos