After 15 years on the market, Spanish stock photo agency Photaki will be closing their operations on March 31, 2016.

This is how they say goodbye in the email announcement:

“Photaki started as a personal project in 2001 and we have been growing in content and authors for 15 years. We have been sharing our passion especially with our contributors and with artists of this sector, many of whom are benchmarks of the market.

Times change and the Graphic Resources sector has been evolving and radically changing. Our business model was truly revolutionary years ago. Nowadays, however, it would be hard-pressed to fit in the current market.

Photaki has fulfilled its mission and we are saying goodbye, both with sadness and with the joy to cope with new projects that wouldn’t exist without Photaki. That is why we want to thank you for trusting us during all this time! We will soon inform you about our new projects and the possibilities to collaborate with us.”

What’s next for Photaki contributors?

If you are their stock photo contributor, make sure to request your outstanding balance before March 31. The website will no longer operate after that date and you will not be able to receive your payment. They also informed, that all stock media content and information will be permanently removed.

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