The company that introduced Royalty Free Stock Footage images to the world will close its doors on March 1 of this year.
After nearly 30 years, Artbeats will close its website on March 1, 2018.
“It's been a great race, but my partners and I are ready to retire,” said Phil Bates, CEO and founder of Artbeats.
Artbeats, Inc., a small company born in San Bernardino, California, was the first to introduce Stock Footage to the world when they released a collection of background animations called ReelTextures in 1997.
But really, the business started 9 years earlier in 1989. Its first product line consisted of funds for self-publishing.
Over the next 8 years, the collections were transformed into multimedia images and seamless mosaics for 3D texture mapping. “Since we were already servicing the first multimedia animators, we knew that it was only a matter of time before there was a demand for moving images.” said Bates, “ReelTextures was introduced at the National Broadcasting Association (NAB) fair in 1997.
It was a set of 40 background animations to test the market. Although it was well received, we heard over and over again an overwhelming demand for pyrotechnic special effects.”
Knowing that we needed to shoot a film, Bates hired a producer and special effects veteran, Robbie Knott, to design and shoot a series of fire and explosion shots.
These first special effects collections put Artbeats on the map with their success. The box office hit “Armageddon” was the first major film to feature one of Artbeats' exploding shots in 1999.
Before 2000, the Right's Managed business model was the only way to license archival material and it was very costly.
Artbeats became a serious competitor whose idea would bring archival material to the masses and change the industry forever.
If you ever wanted to buy Images of Artbeats, now is the time.
After February 28, some of the pictures on the Artbeats website it will be represented by third-party resellers. But at this point, the details have yet to be determined.
The company will send an email when it has more information. In the meantime, all their communication channels are available until March 1, 2018.
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