i am sure that all of you know that the photography licensing business as we know it, is going through dramatic changes…Getty Images, heretofore the largest photo licensing agency in the world, is up for sale..so far, no takers….even though they grossed around 800 million dollars last year, they “lost” 31 million….Corbis is losing money in licensing….so is Magnum (a very small “player” in the mega image sales arena)..so are all photographic agencies…the traditional licensing agencies are now subject to getting slammed by the the biggest “storm” to come out of the skies ….EVER!!
Check it out here.