The Stock Photo Industry and Generative AI

This Paper presents the evolution of and the effect of generative AI on the image licensing industry. The Paper discusses the history of the image licensing industry, then analyzes the value of the contemporary image licensing market, with a focus on the metadata associated with the images. It will provide analysis into the effects of the emergence of generative AI technology on the image licensing industry. The Paper synthesizes ideas presented at the 2024 Symposium of the Kernochan Center for Law, Media and the Arts.