Getty just put the axe on Stockxpert.com

We’ve heard that Stockxpert was a slowly sinking ship, but this week it has finally sunk.  It all began when stock image giant Getty recently bought out Jupiter, who had recently acquired Stockxpert from Haap Media, a Hungarian based company that owned both StockXchange as well as StockXpert.  It’s like a big square dance in this business… swing your parter round and round, with all of the buyouts.  It was announced a few days back that StockXpert will be no more.  What does this mean for stock contributors?  Well it means some of our images (not all) are now going to be listed on the new subscription based site Thinkstock.com and whatever revenues we were making at StockXpert are basically history.  Can we say pay cut?

I really don’t understand this move, killing a well established brand such as Stockxpert.  What does this mean for stock photo contributors? All we can hope is that the existing Stockxpert buyers move to the other agencies, and that the sales balance out.  Stockxpert was about 8% (a pretty big chunk of change) of my total microstock income, and that’s now gone.  Never a dull moment in the stock photography world! What irks me is that Stockxpert had around 4300 of my images, where istock has just under 600.  This is due to their higher rejection rates, and the fact that I can only submit 20 new images each week as a non-exclusive contributor.  The pressure to go exclusive is ever-increasing.  This is the exact reason why you shouldn’t put all of your eggs in any one basket in this biz.

Related posts:

1. Microstock – Evil and Devaluing to Photographers?

Tags: getty, haap media, industry news, jupiter, microstock, stockxchange, stockxpert

This entry was posted on Thursday, February 4th, 2010 at 3:06 PM and is filed under Microstock Photography. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.