The internet has made images more accessible than ever, while the ubiquity of smartphones has made us all photographers of sorts. But image formats have not kept up.
Insufficient protection over images has meant their distribution is almost impossible to control. As a result, photographers, image libraries and others in the imaging industry have seen traditional licensing revenues decline.
● Around 1.8 trillion images uploaded daily
● Approx. 2.5 billion images stolen daily
● $2 billion stock photography industry in decline