|500px.com recently announced that it has enabled commercial licensing features on a new platform dubbed 500px Prime. The good news? Photographers wishing to license their images commercially can now do so via 500px Prime.|
The even better news? Photographers will get 70% of licensing fees - as it should be. Originally, 500px announced that it would only offer 30% of commercial licensing fees to photographers, but after an outcry from would-be contributors, they switched the 30/70 split in favor of 500px to a 70/30 split in favor of photographers. Thanks for listening, 500px!
The even even better news? 500px isn't engaging in what they call the 'race to the bottom,' that is, competing with other stock agencies on price alone. They acknowledge the damage that stock agencies undercutting photographers is doing to the industry, and they are aiming to help reverse it. Commercial royalty-free licenses are $250 per photo, which allows for fair compensation to contributing photographers.
Finally, a royalty-free stock contract I can live with!
Ready to submit your photos? Click here to read a list of 500px Prime's frequently asked questions, including how to submit your photos. If you already have an account with 500px and have photos uploaded that you'd like to submit, click here to go straight to where you can submit your uploaded photos, which looks like this...
Until next time, Good Light, and Good Luck! Follow Alex Buntin on 500px