When Getty Images acquired iStockphoto, they said they did so to prevent iStockphoto from canibalizing their own business, at a time when the average price for a stock photograph was in the $900 range.
Here's a photo, on the iStockphoto website (here) of a nondescript fragrance bottle. Price? About $10.
Where can you buy this exact same photo, with the exact same resolution, for $340?
Why, iStockphoto parent company, Getty Images, right here via their Getty Images Flickr site!
So, Getty is doing a pretty good job of self-immolation. This isn't the first time, nor will it be the last, that Getty Images makes mistakes that cost them their bottom line!
(via Shannon Fagan on Facebook)
Please post your comments by clicking the link below. If you've got questions, please pose them in our Photo Business Forum Flickr Group Discussion Threads.
Here's a photo, on the iStockphoto website (here) of a nondescript fragrance bottle. Price? About $10.
Where can you buy this exact same photo, with the exact same resolution, for $340?
(Continued after the Jump)
Why, iStockphoto parent company, Getty Images, right here via their Getty Images Flickr site!
So, Getty is doing a pretty good job of self-immolation. This isn't the first time, nor will it be the last, that Getty Images makes mistakes that cost them their bottom line!
(via Shannon Fagan on Facebook)
Please post your comments by clicking the link below. If you've got questions, please pose them in our Photo Business Forum Flickr Group Discussion Threads.
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