Bruce Livingstone
Encyclopedia
Bruce Livingstone is a Canadian entrepreneur who founded iStockphoto
IStockphoto
iStockphoto is an online, royalty free, international microstock photography provider operating with the micropayment business model. Images cost between 1 and 150 credits, depending on size and image collection .- History :The company was founded by Bruce Livingstone in May, 2000...

, an online distributor of stock photography
Stock photography
Stock photography is the supply of photographs licensed for specific uses. It is used to fulfill the needs of creative assignments instead of hiring a photographer. Today, stock images can be presented in searchable online databases. They can be purchased and delivered online...

. Livingstone started iStockphoto in 2000 as a project offering stock photos for free over the internet. In 2002, high monthly bandwidth bills prodded him to implement a payment/credit system. In 2006, Livingstone sold iStockphoto to Getty Images
Getty Images
Getty Images, Inc. is a stock photo agency, based in Seattle, Washington, USA. It is a supplier of stock images for business and consumers with an archive of 80 million still images and illustrations and more than 50,000 hours of stock film footage...

 for $50 million, where he continued on as iStockphoto's CEO. Currently, Livingstone is CEO of Saatchi Online, an internet-based art community.

Sources

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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