Stock Photo Business, Photographs Make “royalties”
By jason - up to 2007 (archived) • Mar 26th, 2007 • Category: News for Creatives (archives) About The Image has informed us that:
One relatively new stock photo company, makes its photographers true partners in the business, by giving them a percentage of the proceeds of any eventual sale of the company. Design Pics Inc. (DPI,) a royalty free stock image supplier based in Edmonton, Alberta, Canada, starts by offering a competitive commission rate to its photographers on sales from both internal sales and through its extensive world wide network of over 160 distributors. In addition, the photographer’s contract includes terms that, in the event of a sale of the archive, requires DPI to share a significant portion of the gross selling price with the photographers. In exchange for this, the photographers agree, in the event of a sale, to relinquish copyright in their images, in effect making the file “wholly-owned” for the buyer.
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