toggle

AAPL Stock: 122.99 ( -0.39 )

Printed from http://www.macnn.com

Photo site 500px introduces Prime marketplace

updated 03:50 pm EST, Sun February 9, 2014

Licensed photos only net 30 percent proceeds to photographer

Photo community, application and image host 500px released information on Prime, a licensing marketplace for users that wish to sell their photos for others to use. While the service will display photos based on user voting and offers $250 for licensing fees, 500px will be keeping a large cut of the proceeds.

Through Prime users will only get 30 percent of each one of their photos that is licensed through the service no matter the terms of the licensing agreement. 500px states that they "are pricing all licenses in a way that brings dignity to the photographer" and that they "are not joining the race to the bottom." Thus the $250 price point.

However, $250 per photo license is relatively low in the freelance photography world, especially considering the company keeps 70 percent of that cost to offer it on the marketplace and handle the backend. By comparison, Getty Images only offers a royalty payment of around a 20 percent cut to their contributors.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented