Bruce Livingstone
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Bruce Livingstone
Bruce Livingstone is a Canadian entrepreneur who founded Calgary-based iStockphoto, an online distributor of stock photography. 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 for $50 million, where he continued on as iStockphoto's CEO. Livingstone picked up additional roles at Getty (including SVP Consumer) but left Getty and iStockphoto in 2009. In 2010, he became CEO of Saatchi Online, an internet-based art community, and later resigned his position in 2012. In 2013, unhappy with the direction of iStock under Getty (and following the expiration of his non-compete agreement In contract law, a non-compete clause (often NCC), restrictive covenant, or covenant not to compete (CNC), is a clause under which one party (usually an employee) agrees not to enter into or start a similar p ...
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Calgary
Calgary () is a major city in the Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806 making it the third-largest city and fifth-largest metropolitan area in Canada. Calgary is at the confluence of the Bow River and the Elbow River in the southwest of the province, in the transitional area between the Rocky Mountain Foothills and the Canadian Prairies, about east of the front ranges of the Canadian Rockies, roughly south of the provincial capital of Edmonton and approximately north of the Canada–United States border. The city anchors the south end of the Statistics Canada-defined urban area, the Calgary–Edmonton Corridor. Calgary's economy includes activity in many sectors: energy; financial services; film and television; transportation and logistics; technology; manufacturing; aerospace; health and wellness; retail; and tourism. The Calgary Metropolitan Region is home to Canada' ...
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IStockphoto
iStock is an online royalty free, international microstock photography provider based in Calgary, Alberta, Canada. History The company was founded by Bruce Livingstone in May 2000, as iStockphoto, a free stock imagery website supported by Livingstone's web development firm, Evolvs Media. iStock pioneered the crowd-sourced stock industry and became the original source for user-generated stock photos, vectors and illustrations, and video clips. It began charging money in 2001 and quickly became profitable. On February 9, 2006, the firm was acquired by Getty Images for $50 million USD. Livingstone promised that the site would continue "functioning independently with the benefits of Getty Images, yet, very importantly for them and us, autonomy." On September 18, 2006, the site experienced the first benefits of the new ownership: a controlled-vocabulary keyword taxonomy borrowed from Getty Images. ''iStockpro'' was a more expensive version of iStockphoto that was never as pop ...
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