Magnum's problems became very visible in 1999 when the bickering and backbiting and complaining that as they approached their 50th anniversary broke into the public sphere with comments from members. The big concerns then, including not making money, have only been exacerbated over the ensuing years because of the rapidly decreasing demand for editorial photography, the collapse of many galleries and the art market, and the devaluation of the stock photo market.
Many of the members back in '99 feared that the digitalization of their photo assets would devalue them. While changes in the market have devalued their assets much more than the move to digital image databases has, it is part of the current problems. The big assignments have disappeared along with the magazines and news outlets that hired Magnum members. Many of them are spending much of their time doing workshops and trying to make money off of book deals.
The photo world has changed significantly.