While Getty Images continues to look around for someone to buy them, the rising Internet-based stock image house PhotoShelter today announced that it has hired two new executives, one of which it hired away from Getty. When it launched its stock image business called the PhotoShelter Collection late last year, the company promised to invest $1 million toward promoting the Collection's images among buyers of stock photography. As part of this effort, the company has hired former American Express Senior Product Manager Andrew Fingerman to be PhotoShelter's new vice president of marketing, and Getty Images' former market development executive Genevieve Harley as the PhotoShelter's new director of sales.
PhotoShelter's history with Getty has been slightly rocky. Having started their stock business at a time when Getty was feeling heavy pressure from microstock sites, PhotoShelter offered a new model for stock photography sales with a much larger percentage of sales going to the photographers themselves. At the time, Getty had made a drastic cut in prices for all its stock images, offering them all for $49 for online use, while keeping the percentage going to photographers the same. That decision angered many of the company's photographers, and Getty modified its pricing plan again. However, many photographers were still less than pleased. Given Getty's tumultuous situation, you have to wonder if Ms. Harley's departure marks the beginning of a coming exodus as the company's employees prepare for tough times at the photo giant.