The Future of Stock Photography: AI’s Impact Revealed in New Survey

We are thrilled to share an insightful article by Amos Struck, founder of stockphotosecrets.com and co-founder of the AI-driven stock agency stockphotos.com. In this compelling piece, Amos unveils the findings from a recent survey conducted at CEPIC 2024, highlighting the transformative impact of AI on the stock photography industry.

Upcoming CEPIC Webinar: “How to Value a Picture Agency”

Are you a picture agency owner looking to sell or acquire a collection? An investor or financial analyst interested in the visual content sector? Join us on July 23, 2024, at 5 PM CET, for our insightful webinar, “How to Value a Picture Agency.” This comprehensive webinar will explore the financial, operational, and strategic factors affecting picture agency valuations. Gain valuable insights from industry experts who will share anonymised real-world case studies and actionable recommendations.

Welcome CEPIC’s Newest Member – Xinhua News Agency

We are delighted to announce that Xinhua News Agency has joined CEPIC as a new member. Xinhua News Agency, established in 1931 and headquartered in Beijing, is one of the world’s largest and most esteemed providers of news and multimedia content.

Germany’s first study on the impact of AI on the visual arts

The study, commissioned by the Art Fund Foundation (Stiftung Kunstfonds) and the Authors’ Rights Initiative (Initiative Urheberrecht) and compiled by Goldmedia GmbH, shows that many visual artists are already using AI-based tools and that recipients are also open to AI art. However, the majority of the more than 3,000 artists surveyed are concerned about disadvantages and loss of income, and many express concrete demands to AI companies and politicians. The study also sheds light on the economic dimension of generative AI.

Welcoming Pond5 as the Newest CEPIC Member

We are excited to announce that Pond5 has joined the CEPIC community as our newest member. Pond5 is renowned for its dedication to empowering world-class storytellers by providing an accessible marketplace of media assets. With over 35 million video clips, award-winning tools including the patented Visual Search for video, and seamless integrations with all major video-editing software, Pond5 has established itself as the go-to video marketplace for filmmakers, media organisations, and marketers worldwide.

Amel Benhachemi Pain, appointed Editor-in-Chief at EPA Images

Amel Benhachemi Pain has been appointed as the next Editor-in-Chief at European Pressphoto Agency (EPA Images), which was announced today in Frankfurt by EPA Images’ President & CEO, Julia R. Arévalo. Effective 15 August 2024, Amel Pain will succeed José Luis Paniagua.

Shutterstock’s Creative Library Now Available on Databricks Marketplace for AI Collaboration

Shutterstock’s extensive library of nearly a billion creative content assets is now accessible on the Databricks Marketplace, marking a significant advancement in open data and AI collaboration. This collaboration underscores the importance of using licensed data for training models, ensuring artists contributing to data sets are compensated and retain the right to opt out.

Images from CEPIC Congress 2024

All the pictures of CEPIC 2024 including those of the annual industry party at the villa Djunah are now available on two platforms. Links are provided in this post.