PressMediaWire.com (Press Release Distribution) – Oct 16,2012 –
Before bidder, a royalty free stock photo buyer needed to purchase photo credits, limited by expiration dates, simply to have the opportunity to purchase microstock images. The stock photography seller, not the buyer, had total control through the “noose” that is credits.
With bidder, a stock photo buyer simply selects an image, bids and buys at a newly agreed price. At Pocketstock all prices are negotiable, bidder ends fixed pricing and eliminates photo credits in one move. bidder puts the stock photo buyer in control. As a result, bidder disrupts the pricing and revenue models of giants like iStock, Shutterstock and Fotolia in the $5billion stock photography industry.
“Tens of millions of stock photo credits go unused and expire every year,” said Russell Glenister, Pocketstock CEO. “Buyers are forced to purchase more credits than they need, get hooked into the addictive bad habit of buying these credits, and have no say at all on pricing. Pocketstock’s introduction of bidder is the revolutionary change that fixes this badly flawed system.”
Buyers can start bidding at www.pocketstock.com
Launched in 2012, by stock photography industry legend and former image100 CEO and founder Russell Glenister, Pocketstock quickly has emerged as a disruptive change agent in the stock photo industry. Headquartered in London, UK, and with offices in New York City, NY, Pocketstock offers local content on a global scale through a royalty free license – to stock photo buyers worldwide.