Photographers can expect to earn less money from 500px going forward. The company is preparing to substantially lower its royalty rate on non-exclusive images effective April 4, bringing the commission from 70 percent to 30 percent. Images that are exclusive to 500px will also get a haircut, albeit smaller, dropping from 70 to 60 percent commission.
The online marketplace defended the move as a capitulation to the “reality of running a stock marketplace” and the need to fund further growth.
500px has been emailing its customers in advance of the change. The full text was reproduced here. The pricing shift won’t be abrupt and will be tested over the course of several months, 500px said.
The service also plans to unbundling Multi-Seat and Unlimited Print license add-ons from the standard license that applies to both Core and Prime collections. There are also new license add-ons and an increase in the size of the Web Ready license from 1500 pixels to 1800 pixels on the longest side.
Photographers with exclusive images on 500px should begin marking those images as such to ensure they earn the highest rate possible.
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