Photo crowdsourcing service Scoopshot today announced that it has secured $1.2million of funding from the world's top-selling stock photographer Yuri Arcurs

Scoopshot is an on-demand image service aiming
to provide an alternative to stock photo libraries, allowing buyers to create
photo assignments in specific locations for Scoopshot photographers to quickly
carry out.

Both Scoopshot and Arcurs believe that on-demand
photography is the future for the stock industry. Scoopshot CEO Niko Ruokosuo
said in a statement, ‘Buyers are tired of wading through page after page of
stale and over-used photography, before having to compromise.’

He added, ‘It is our belief that the majority of
stock photography will be on-demand within the next five years. To survive,
photo sites must adapt and adopt new models for monetising photography. It
really is a case of do or die.’

Scoopshot aims to revolutionise stock
photography by giving buyers the chance to request what they want from
photographers, rather than forcing them to trawl through static libraries.

The service allows for tasks to be set on a
global, national or local level, with the ability for buyers to alert
photographers with the Scoopshot app to a task in their particular, precise
location.

A spokeswoman for Scoopshot told AP that the
team will be using the investment to grow their business by bringing aboard
more people such as Arcurs with relevant experience and contacts.

Arcurs, who it is estimated sells a photo once
every eight seconds, also today signed an exclusive content deal with Getty’s
iStockphoto, the largest such deal in the firm’s history.

To find out more or try the service for
yourself, visit Scoopshot’s website at www.scoopshot.com.