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.