This is a new model for stock footage
New York, NY (PRWEB) July 8, 2008
Pond5.com announced today the launch of version 1.0 of its next-generation online marketplace for royalty-free stock video footage, which includes several groundbreaking features and a site design that sets a new standard for speed and ease-of-use. The launch coincides with another milestone: the fast-growing collection now offers more than 50,000 broadcast-quality SD and HD clips available for instant download, starting at $5 per clip.
Pond5.com is an open marketplace for stock footage, where any video creator with professional-quality footage can make it available for use in productions ranging from feature films, television programming and corporate videos to wedding and web videos. Stock footage from Pond5 has been licensed to productions at all points of the content spectrum, including well-known broadcast and feature producers Dreamworks, The History Channel, NBC, PBS, and HDNet.
Uniquely, prices on Pond5 are set by the artists themselves, and range from $5 upwards, with an average price of around $40 for HD stock footage and $20 for PAL and NTSC stock footage. For each sale, the artist earns 50% of the selling price, a much higher percentage than the 20-40% that is typical in the industry.
"This is a new model for stock footage," says co-founder Tom Bennett. "We've brought an efficient, open marketplace to an industry that's been dominated by closed collections, low royalties, high prices and outdated technology. Because Pond5 offers artists the highest royalties in the industry and lets them set their prices, we attract the highest quality, freshest footage, and make it available at the lowest prices. Combine that with the fastest, easiest interface on the web, and we think it's a game-changer."
The rapidly growing collection features the work of more than 400 artists and libraries from around the world and spans all categories of stock video footage, including lifestyle, aerials, motion backgrounds, editorial, and video effects. Footage can be uploaded directly to the site, or mailed in. All footage is reviewed for content and quality by Pond5 staff; approved clips are made available for instant search, preview, licensing and download. Clips on Pond5 are licensed under a simple, industry-standard "royalty-free" license agreement, and can be used in virtually any production for a flat fee.
The 1.0 website was first previewed at NAB 2008 where it garnered rave reviews from the experienced video professionals in attendance.
New features released in the 1.0 launch include several industry firsts. One is a persistent on-screen Clip Bin and Cart which streamlines the process of finding, organizing, sharing and selecting footage by letting users review and act on their clip choices immediately, from any screen on the website.
Another innovative feature is the Pond5 Stock Footage Widget. It offers a fully customizable selection of continuously updated clips that can be created by any visitor at Pond5.com. The Widget can then be embedded anywhere on the web, from Facebook and Myspace pages to blogs and websites, or even to the desktop. The Widget works hand-in-hand with Pond5's referral program, which offers referrers 5% of sales or purchases made by referred users (i.e. sellers or buyers who click through the widget) for a full year.
As Bennett sums it up, the Pond5 value proposition is simple: "If you are a moving image artist, we are committed to offering you the best palette of stock footage to work with, the highest royalties, and the easiest, fastest interface on the web."
Pond5.com, the first open marketplace for royalty-free stock video footage, is a web-based platform where video professionals buy and sell (license) broadcast-quality footage for use in other productions. All footage is instantly downloadable. Prices are set by the footage producers, and range from $5 upward. Launched in 2006, the website boasts a rapidly growing collection of more than 50,000 HD and SD stock footage clips, from over 400 producers. Membership is free to both buyers and sellers. Pond5 is based in New York City and Geneva, Switzerland.
To find out more about Pond5, go to http://www.pond5.com.