[STOCKPHOTO] Fwd: Trends in Stock Photography 2007 - Citigroup Research Inquiry
Steve
I received this today. I'm curious to know if others have received it
as well.
Steve
--
Silverado Media
www.silveradomedia.com
---------- Forwarded message ----------
From: Troy, Matthew [CIR] <matthew.troy@citigroup.com>
Date: Dec 20, 2006 7:54 AM
Subject: Trends in Stock Photography 2007 - Citigroup Research Inquiry
To:
Cc: list not shown <recipient>
By way of quick introduction, my name is Matt Troy and I am the
Imaging analyst for Citigroup. As part of my investment coverage, I
follow the stock photography industry, including Getty Images and
Jupitermedia, generating earnings estimates and Buy/Sell/Hold
recommendations for investors. I am reaching out to you today with an
inquiry that I hope will be mutually beneficial.
First - I understand if you're skeptical of this unsolicited email.
If you would like to verify who I am, you can look me up on the Getty
and Jupiter websites where I am listed as an investment analyst
following their stocks. Or just call me at the number below...I'm a
real person in Citigroup's New York City office, and would be happy to
talk to you directly and/or send you a copy of one of our reports on
the industry.
I am sending this email to a group of photographers today, looking for
feedback on a handful of quick multiple choice questions aimed at
identifying key trends shaping the stock photography industry heading
into 2007. All responses will be kept anonymous, and we will be happy
to send you a copy of the aggregate results and our final report in
exchange for your participation.
Format is straightforward - questions are listed below. As you will
see, I am not asking for proprietary/personal information. I designed
this survey to be as transparent as possible so that you can simply
reply to this email and type your responses next to the multiple
choice options where appropriate. Either a simple "X" or a % amount.
It should take less than 5 minutes of your time.
By sharing our final results, we hope to give you a window into your
peers' experience and the underlying shifts taking place in stock
photography. If you are interested, I would also be happy to add you
to our institutional research distribution list for both Getty and
Jupiter, and speak to you directly to exchange views on trends we are
seeing in the stock imaging marketplace.
The questions begin immediately below. For those that choose to
participate, I look forward to what I hope will be a mutually
beneficial exchange.
BACKGROUND QUESTIONS:
1) In the past year, through which licensing models have you sold
images (best estimate, summing to 100%)?
___% Rights-Managed
___% Royalty-Free
___% Subscription
___% Micropayment
___% Other, please describe_______________
2) Over the past year, though which channels have you sold images
(best estimate, summing to 100%)?
___% Getty
___% Corbis
___% Jupiter
___% Other, please list_______________
3) Over the next 12 months, do you expect the share for each of the
channels through which you sell images to change?
___No
If yes, what do you expect the new share to be:
___% Getty
___% Corbis
___% Jupiter
___% Other
TREND QUESTIONS
4) What impact do you believe micropayment sites will have on the
stock imaging industry in 2007 (choose all that apply)?
___Will have little impact on the industry
___Empower photographers to sell more directly to end users
___Pressure overall image pricing
___Grow market size and demand for stock images
___Will take business from larger stock agencies
___Will make it tougher for photographers to standout/maintain visibility
___Other
Comments:
5) How do you see the role of larger stock agencies like Getty &
Corbis changing over the next 12-24 months given the growth in
alternative distribution models (i.e. micropayment, direct)?
___They will be less important as a channel for my
business/photographers in general
___Unchanged
___They will be more important as a channel for my
business/photographers in general
Comments:
6) As a potential distribution partner for photographers, how have
your perceptions of Jupiterimages changed in the last six months?
___Jupiterimages' brand/profile has strengthened
___No change
___Jupiterimages' brand/profile has weakened
___I am unfamiliar with Jupiterimages
Comments:
7) Based on your experience, how have selling prices for images
changed over the past six months?
___Much Higher (up more than 5%)
___Slightly Higher
___No Change
___Slightly Lower
___Much Lower (down more than 5%)
Comments:
8) Based on your experience, how do you expect selling prices for
images to move over the next 12 months?
___Much Higher (up more than 5%)
___Slightly Higher
___No Change
___Slightly Lower
___Much Lower (down more than 5%)
Comments:
9) Based on your experience over the last 6 months, what changes have
you witnessed in your dealings with stock agencies?
___stock agencies have become more aggressive with photographers in
pricing negotiations and licensing terms
___no change
___stock agencies have become more flexible with photographers in
pricing negotiations and licensing terms
___Other
Comments:
10) Based on your experience, what changes do you expect in your
dealings with stock agencies in 2007?
___stock agencies will be more aggressive with photographers in
pricing negotiations and licensing terms
___no change
___stock agencies will have less leverage with photographers in
pricing negotiations and licensing terms
___Other
Comments:
11) Do you see a role for "pay-for-placement" in image collections as
a growing trend?
___Yes, I would pay to get better placement/visibility in image
collections
___Yes, but I would not be willing to pay
___No, I do not believe pay-for-placement is a viable business model
Comments:
In order to make this a more relevant feedback mechanism for your
business, feel free to offer your views on the following two optional
questions:
-What do you believe will be the biggest trends to emerge in stock
imaging in 2007?
-So that we can make this a more mutually beneficial exchange, what
questions do you feel would be more useful/relevant to you in future
inquiries?
Again, thank you for taking the time to answer the questions above.
As mentioned previously, I will be happy to add you to our
institutional research distribution list for both Getty and Jupiter if
you so request, and would love to speak to you directly any time to
exchange views on trends we are seeing in the stock imaging
marketplace. I will forward you a copy of our final report upon
completion.
I hope this email finds you well,
Matt
Matthew Troy
Vice President
Citigroup Investment Research - Imaging
matthew.troy@citigroup.com
Office - (212) 816-9051
Cell - (646) 872-1578
For important disclosures regarding Citigroup Investment Research,
including with respect to any issuers mentioned herein, please refer
to the Citigroup Investment Research disclosure website at
citigroupgeo.com/geopublic/Disclosures/disclosure.htm
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Steve Silver
citigroupgeo.com/geopublic/Disclosures/disclosure.htm<http://citigroupgeo.com/geopublic/Disclosures/disclosure.html>
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Anna Yu
I received one too today, don't know why since I don't even contribute
to Jupiter or Getty.
-Anna
www.ayimages.com
> matthew.troy@...
> Office - (212) 816-9051
> Cell - (646) 872-1578
>
> For important disclosures regarding Citigroup Investment Research,
> including with respect to any issuers mentioned herein, please refer
> to the Citigroup Investment Research disclosure website at
> citigroupgeo.com/geopublic/Disclosures/disclosure.htm
>
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fastjules
Hi Steve
Some photographers in Australia have received it as well.
We wondered if it had something to do with the recent cancellation of the Citibank
Photographic Portrait Prize here
Julian
--- In STOCKPHOTO@yahoogroups.com, "Steve" <ssilver@...> wrote:
>
> matthew.troy@...
> Office - (212) 816-9051
> Cell - (646) 872-1578
>
> For important disclosures regarding Citigroup Investment Research,
> including with respect to any issuers mentioned herein, please refer
> to the Citigroup Investment Research disclosure website at
> citigroupgeo.com/geopublic/Disclosures/disclosure.htm
>
Courtesy of The STOCKPHOTO Network - http://www.stockphoto.net/
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Tom Craig
Hi Steve:
I also have received it. He must be getting our names from one of
these Yahoo Group Lists, which as I've just learned, is regularly
farmed by Spammers to peddle their wares. I considered this too as
spam and reported it as such to Spamcop. And I then threw it away.
Tom Craig
--- In STOCKPHOTO@yahoogroups.com, "Steve" <ssilver@...> wrote:
>
> matthew.troy@...
> Office - (212) 816-9051
> Cell - (646) 872-1578
>
> For important disclosures regarding Citigroup Investment Research,
> including with respect to any issuers mentioned herein, please refer
> to the Citigroup Investment Research disclosure website at
> citigroupgeo.com/geopublic/Disclosures/disclosure.htm
>
Courtesy of The STOCKPHOTO Network - http://www.stockphoto.net/
Posting Rules - http://www.stockphoto.net/Subscriptions.php#rules
STOCKPHOTO Archives - http://www.stockphoto.net/Archives.php
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Sergio
Hi all,
IMHO they are just doing a research to understand where stock
industry is going, after the recent S&P downgrade to junk bond of
Getty Images.
Not really a junk mail in this case...
Sergio
-----------------------------------------------------
Sergio Pitamitz Travel Photography
http://www.pitamitz.com
sergio@pitamitz.com
-----------------------------------------------------
Il giorno 20/dic/06, alle ore 20:48, fastjules ha scritto:
> Hi Steve
>
> Some photographers in Australia have received it as well.
> We wondered if it had something to do with the recent cancellation
> of the Citibank
> Photographic Portrait Prize here
>
> Julian
>
> .
>
>
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