At Perpignan this year, Getty Images announced a $100,000 “investment” grant for photojournalists. But there are no free lunches.
“Getty Images will hold a one-year exclusive rights deal with the photographers to market and license the images to its customers, delivering contributor royalty fees to photographers … The photographers will always retain copyright.”
As Andy at PhotoTalk astutely points out, with 5 photographers being chosen for this program, the nickel and dime value for each photographer is $1,666 per month. I just hope Getty isn’t expecting these photographers to shoot exclusively for them. In some quarters $1,666 is a LOT of money, but it just doesn’t go very far out here in the US.