http://www.deadlinehollywooddaily.com/getty-images-sold-to-private-equity-firm/ Wed, 20 Aug 2008 09:59:03 +0000 http://wordpress.org/?v=2.3.3 http://www.deadlinehollywooddaily.com/getty-images-sold-to-private-equity-firm/#comment-39005 M.C. Valada Wed, 27 Feb 2008 19:26:44 +0000 http://www.deadlinehollywooddaily.com/getty-images-sold-to-private-equity-firm/#comment-39005 Too bad the photographers who created the images licensed by Getty won't be getting $34 in cash for each visual. In the days when I was a full-time shooter, photographers got 50% of the fee for each image licensed by their stock agencies. Getty and Corbis led the way in changing photographers' identities to suppliers, slashing the share of license fee to about an 18% net for the image creator, and undercutting the market so badly that photographers can no longer count on stock images to establish a retirement fund. I expect that photographers will find their images used by Hellman subsidiaries and affiliates with no payment to themselves because of language buried in the Getty contract. There is no small part of me that wants to say "told you so" to all the people who ignored my advice to "just say no" to an onerous contract. Too bad the photographers who created the images licensed by Getty won’t be getting $34 in cash for each visual. In the days when I was a full-time shooter, photographers got 50% of the fee for each image licensed by their stock agencies. Getty and Corbis led the way in changing photographers’ identities to suppliers, slashing the share of license fee to about an 18% net for the image creator, and undercutting the market so badly that photographers can no longer count on stock images to establish a retirement fund. I expect that photographers will find their images used by Hellman subsidiaries and affiliates with no payment to themselves because of language buried in the Getty contract. There is no small part of me that wants to say “told you so” to all the people who ignored my advice to “just say no” to an onerous contract.

]]> http://www.deadlinehollywooddaily.com/getty-images-sold-to-private-equity-firm/#comment-38592 mla28 Tue, 26 Feb 2008 02:39:38 +0000 http://www.deadlinehollywooddaily.com/getty-images-sold-to-private-equity-firm/#comment-38592 Great. The only business in American that's growing. Great. The only business in American that’s growing.

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