A 20-year-old Canadian gallery announced its closure, and the bankruptcy made the seller feel helpless.
I received a letter from Can Stock Photo in my mailbox today telling me that a Canadian stock company I had joined for 20 years had gone out of business, and I had a lot of images in stock, which was frustrating that my years of work had gone into vain.
The letter reads as follows:
Can Stock Photo to Cease Operations
Unfortunately, due to a changing business landscape, Can Stock Photo will cease operations on October 1, 2023.
After nearly 20 years in business we have been forced to make this very difficult decision and would like to thank our many thousands of talented contributors and customers for making it possible. The industry has changed significantly over this time, with CanStock launched in 2004 during the early mass adoption of digital cameras, and before ‘social media’ was even a phrase. Today of course everyone has a capable digital camera in their pocket, and the advent of AI means amazing images can be created for free from programs with just a few keywords. Decreased business and increasing costs has made it no longer possible to keep operating, to our great disappointment.
........
Thank you for everything,
The Can Stock Photo Team
Can Stock Photo Inc., Canada
The translation is as follows:
Unfortunately, due to changes in the business environment, Can Stock Photo will cease operations on October 1, 2023.
After almost 20 years in business, we were forced to make this very difficult decision and thank our thousands of talented contributors and the users who made it necessary for existence. During this time, the industry changed dramatically, with CanStock launching in 2004, when digital cameras were just being adopted in large numbers and "social media" hadn't even appeared. However, today everyone has a powerful digital camera in their pocket, and the advent of artificial intelligence means that stunning images can be created from the program for free just by typing a few keywords. We were very disappointed that the reduction in business and the increase in costs made it impossible for us to continue operating.
.......
Thank you for everything.
Stock Photo team
Stock Photo Inc.，Canada
I wonder how many people in China have joined China Gallery? What happens to the account balance of the selling image? Please tell us about your respective situations.