PRESS RELEASE: iSyndica Acquires Stock Photography Agency Fotomind's Content
Fotomind photographers jump on the opportunity to transfer their stock photography portfolio over to iSyndica's microstock digital distribution plaform.
Nashua, NH (PRWEB) April 20, 2010 -- The closing of Fotomind in mid-April, a Romania-based microstock agency, sent shudders in the community of stock photographers that make a living selling their content online. With a bare two weeks' notice, the company stopped its operations and went offline, leaving behind a crowd of upset contributors with unpaid commission - as per its policy, common in the industry, Fotomind had a minimum payout requirement that many of its photographers hadn't reached.
Stock Photography Agency Fotomind's Closing
In a surprising move, iSyndica - a company that provides distribution services for digital content - stepped in, promising to take over the unpaid commission debt and on-board any photographer who would elect for a portfolio transfer. "We felt that we could help everyone by taking over the debt," says Hugo Angelmar, Program Manager at iSyndica, " and re-affirm our goal of helping the contributor community maximize their online portfolios by introducing thousands of them to our services. Business aside, it just feels good."
It is unclear exactly how many photographers jumped in. "Over a three day period we loaded, daily, as much stock photos as some agencies on-board monthly," said Seb Coursol, CTO of iSyndica, declining to state specifics. Fotomind's library was estimated to several hundred thousand photos spread on a community of a few thousand photographers.
Fotomind photographers, whose portfolio were transferred, have already begun submitting their stock photos to some of iSyndica's 35 supported agencies. The task would have taken hours traditionally, but thanks to iSyndica it is now a matter of minutes.
iSyndica, a digital media distribution platform, simplifies online selling by distributing, promoting and tracking user content on multiple established channels. iSyndica's Upload Once - Sell Everywhere approach helps users increase their revenue while reducing their workload, whether they're distributing photographs, digital illustrations, audio files or video files. To learn more, please visit www.isyndica.com.
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(First posted on Monday, April 26, 2010 at 15:34 EDT)