Niche libraries are the healthiest part of this business now. Deep collections in one subject outperform broad ones, because that’s precisely where buyers can’t find what they need elsewhere. Stock photography survived the price collapse, the microstock era and the generative image wave. What changed is where value sits: authentic, specific, rights-cleared imagery of real places and real people is harder to fake than generic concepts. The word gallery is doing useful work here, suggesting curation and quality rather than volume, which is the right positioning for anyone competing on something other than price.