I have been researching this mysterious medium of licensing lately. Ever since I took my trip out to the coast and was inspired to shoot all of those images of cairns (stacking rocks) I could see a use for them in media production.
The best book I read on the subject is "Licensing Photography" by Richard Weisgrau and Victor S. Perlman. Although published in 2006, it seems up to date with current trends.
I
am no expert on this vast subject, but I feel I have come to a better
understanding of where I am heading in regard to licensing my images.
I am also fortunate to be back on Fine Art America where
they now offer licensing, although one can easily get lost in a sea of
doubt and questions in spite of their detailed explanations. You still
have to research the going prices. At least they, like the book, have
listed Getty Images and others as guides.
So
far I have followed the books advice and registered on Getty for my
research. You have to do this to see the actual prices. I had to learn
the difference between Royalty Free (RF) and Rights Managed (RM)
licensing. I am choosing RM for now as it seems to give me more control
of how the images will be used.
Unfortunately,
when I went to apply the books' guidelines to my Fine Art America's
format I hit a snag. It's different, but with a little intelligent
reasoning I think I have at least created a beginning format for myself.
Their actual licensing site is http://licensing.pixels.com ,
but the site layout looks just like Fine Art America, which is the
mothership behind it. Their layout is terrific and user friendly for
both the listing artist and the buyer - the latter being the important
entity here.
The
ground work you have to do is decide how you want to license your
images and what to charge. The breakdowns are detailed and I have only
scratched the surface so far. I basically just listed what I
understood.
The
time consuming work is researching images on Getty that are similar to
your own and noting the prices there, as that seems to be the industry
standard.
Why
not just list on Getty? Because I understand the artist is only paid
about 20% of the fee. Fine Art America is letting artists set the fee
and they are marking up their percentage, just like they do with their
print sales.
Update: As of late 2015 I created my own licensing agreement based on a template.
I will keep updating this article as I learn more.
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