Business2.0 Magazine has published an article on how the giants of the stock photo business (ie. Getty Images and Corbis) are being challenged by the “microstock” agencies.
“Unless they adjust to the new reality, however, the giants could find themselves in trouble. Getty (Charts) has been profitable since it was founded–last year it took in more than $800 million in revenue–but magazine advertising is in decline, as is the demand for its kind of high-end photos. During the past year, Getty’s stock price has taken a dive, dropping from $90 a share at the start of 2006 to just over $50.”
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