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The PhotoShelter Collection, which is a stock photography marketplace, will shut down operations October 10, 2008. Offering a 70/30-revenue split, PhotoShelter was targeted at the professional photographer and prospective buyers. However the PhotoShelter Personal Archive will continue to be platform for photographers to license their images.
'We have typically used the blog to inspire and congratulate. Today is atypical,' wrote PhotoShelter CEO Allen Murabayashi in today's blog entry announcing the stock photography site would close on Oct. 10. 'We knew that sales would be challenging, but we honestly underestimated the complexity of sales,' he noted.
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