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Getty Images and Shutterstock to Merge

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Re: Getty Images and Shutterstock to Merge

#131

Earlier quoted context omitted.

How are they suppose to do that without coming across shady?

The shady part is the part where the price of the image magically increases (on their website) as soon as they detect a copyright infringement, so that they can get even more money from you. All in all, as stated in the original comment, I believe it's in their right to do so (because the copyright infringement happened), but they take advantage of this in a shady / scammy way

That doesn’t seem shady. If you park in a meter, it may cost $3/hr. If you forget to pay the meter, the ticket may be $100. It needs to be more or it never makes sense to feed the meter.

Re: Getty Images and Shutterstock to Merge

#132
post #75

Earlier quoted context omitted.

You can't innovate your way out of basic economics. The value of a photograph has continued to decline year after year to the point where it is now ~$0. The licensing revenue pie is getting smaller and smaller, and so companies in the space have been shrinking and consolidating to adapt to it. That's all there is to it.

I'd argue that the value of a photograph is not $0. The problem is rather that its actual value is lower than the $200 that Getty wants for a 3MP picture of a hamburger. I've been in projects where we cleared the rights for every picture, and it's always the same: either we blow the budget on two pictures with strong usage restrictions or we replace them all with CC alternatives. Perhaps photographs need their Steam…

Do you believe if their prices were half, they would sell twice as many?

Re: Getty Images and Shutterstock to Merge

#133
post #50

I'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.

If it makes you feel any better most employees learned about it in the press as well.

Like sibling commenter paxys says public companies have to avoid any insider trading/market manipulation entanglements.

Re: Getty Images and Shutterstock to Merge

#134

Earlier quoted context omitted.

I'd argue that the value of a photograph is not $0. The problem is rather that its actual value is lower than the $200 that Getty wants for a 3MP picture of a hamburger. I've been in projects where we cleared the rights for every picture, and it's always the same: either we blow the budget on two pictures with strong usage restrictions or we replace them all with CC alternatives. Perhaps photographs need their Steam…

TLDR; Just use http://www.unsplash.com for free professional photos. 100% agree. Years ago I signed up for Getty images (royality based) back when they were competing with Fotolia (royalty free) before they were bought by Adobe, and actually clicked through the shopping cart to see how much it would be to license a picture of some nice autumn leaves for a billboard or a calendar. It was an insane amount in the hundre…

This is called "panorama rights" and is actually how it works in some countries.

In e.g. Italy, one is not allowed to take photos of (new?) buildings without the architect's consent, as far as I'm aware.

Re: Getty Images and Shutterstock to Merge

#135
post #52

Earlier quoted context omitted.

Which models are SOTA as of now?

In terms of realism, Flux is leading the pack currently

I would say Flux leads the pack in COHERENCY not necessarily in terms of sheer realism. (See the Flux chin).

SDXL + LoRA easily eclipses Flux in realism, but prompting is 100% more difficult for complex scenes.

Re: Getty Images and Shutterstock to Merge

#137
post #24

Earlier quoted context omitted.

I am in the same boat, photos are here to stay at least in the short to medium term. It will most definitely change as we get better and better models that become photo realistic. I keep seeing the same themed AI generated images in tech blogs and it is tiresome, its just like how meme images were constantly used in writeups a decade ago.

Photo ofc will not be replaced Photo is an image but also a record. The fact something really did exist and captured is probably more valuable than ever. So wedding/event photographer really don’t have to worry about lose their job to AI But in places where photo, as an image just to express abstract idea, without concerning where and when it happened, then that part of value goes to AI already

I don’t think the market agrees here. Sure if you want a super obvious ai generated image of an elephant with wings great. But even for the most generic stock photos, the models are not there yet. People still want to buy photos of an abstract idea.

Re: Getty Images and Shutterstock to Merge

#138

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. 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…

They also make money by chasing down people who use their images without paying a license (fair) by "extortion". Once my co-founder used an image downloaded from Google (bad!) for the company website, GettyImages noticed that and threatened our company to legal actions (C&D) unless we pay the price of the license for the stock image, which magically became "premium" (or whatever their top tier is) for the occasion. T…

Hi. You are talking about me. I'm involved in multiple infringement settlements and lawsuits every year. Perhaps I should point out that I have spent thousands of my own dollars, and hundreds of hours photographing subjects that are rarely seen much less captured with a camera. My images are licensed hundreds of times every month. They are also frequently stolen. If you steal one of my images you are going to get a demand letter. The price will be far higher than any licensing fee. This is because my images are registered with the copyright office at the Library of Congress which entitles me to seek punitive damages.

The writing has been on the wall for decades. Images are losing value because millions upon millions are created every hour of every day. However, some of those images are remarkable and unique. People can make a lot of money if you happen to be the copyright holder of these images.

An example I like to give is the photographs Gary Rosenquist captured of Mt. St. Helens exploding and the side of the mountain sliding away. Nobody else captured this sequence. Not even close. These images make substantial licensing fees to this day.

I've long been fascinated by the fact that a camera can capture subjects the human eye cannot properly perceive. It just so happens that this obsession has led me to create images that are hard to imitate. I feel no guilt in charging fees for my images. I feel no guilt about pursuing people who have stolen my images for their own projects.

If you are photographing bald eagles with an American flag in the background or frosty fall leaves artfully arranged on the ground - I agree with the gist of this thread - these images are worth practically nothing. But this not universally true for all images.

Re: Getty Images and Shutterstock to Merge

#139
post #15
post #14

Layoffs coming. The government needs to grow a spine and halt about 90% of these M&A's.

The current government did exactly that, and we voted them out.

And it's quite likely that any ongoing actions against M&A will likely be chucked with the new regime.
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