KEVIN T VU

The Cleansing

Posted in personal by Kevin Vu on January 23, 2009

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looking for more. coba, mexico.
© kevin t vu

this is a great piece that i absolutely agree with!!! let the cleansing finish so that great imagery can re-emerge, and the exceptional image makers can take their deserved credit! (and of course, this applies to only those who call themselves professionals)

From Thoughts of a Bohemian:

“It is everyone’s understanding that the price of photography will continue to dip down. How soon and how fast, it is anyone’s guess. It would absolutely not surprise me if someone like Getty would take a deep plunge into bottom cheap imagery in order to get rid of any competition and clean the landscape, a bit like a whale plunges deep below to get rid of parasite fish, only to return to a new, stronger marketplace. Everyone knows that there is too much photography available, both in stock and editorial. It is time to force the medium and lesser photographers and agencies into a rapid bankruptcy in order to sanitize the offering.

Let me step back and explain: The market, currently, offers the false impression that anyone can make money in the photography field. Since it has become easy and cheap to enter, everyone and his brother is now either a photographer or a stock agent. Since there is no tangible market research on the size of our industry, $2 billion, $5 billion, $3000 billion, it is anyone guess on what the payout will be. If someone paid attention, I am sure that we would see that there has been more stock agencies of all type launched in the last five years then at anytime in its brief history. And it is only growing exponentially. More agencies, more photographers, more photographers, less relevant images. It seems that there is money to be made because of Microstocks and Flickr’s successes. And as much is there might be an increase in the number of images used in one year, there has not been an increase of revenue generated by this spike. It has been almost cancelled by the fall in pricing and Getty has been a witness to that.

The only way to really profit from that growth would be to get rid of the overflow of images. And the best way is to force as many people out of the market as possible, as quickly as possible.”

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One Response

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  1. Thomas Ball said, on January 26, 2009 at 2:40 pm

    interesting piece Kevin. Thanks for posting that. Let’s hope we can be one of the few survivors!


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