The new Corbis contract has been released. The good news is that royalty percentages are up for photographers, no dispute over photographer copyright ownership, no future catalog fees, options for image-excluive and image non-exclusive contracts, monthly payments and more. Also still a few problem areas of concern. Details of interest to photographers and other agencies.
Direct Stock has secured a seven figure venture capital investment from Stonehenge Capital Corporation to reshape directstock.com into an operation that can compete with Getty and Corbis for on-line sales.
Stories this month include: Stone Photographer Income Growth, Photographers Win On Copyright At Corbis, Outstanding 1st Quarter At Getty, Online Use, Getty/Geographic Deal, Freelances Sue Boston Globe, New Business Week Contract and Rates and other short items.
Corbis is listening to photographers and has made changnes in their position on copyright registration. The new clause that will be part of their New Standard Contract is included in this article.
Corbis has announced a new division - Corbis Documentaries - that will operate as a production company and develop innovative documentaries for television, theatres, and the Internet. On another front there is a resurgence in demand for short six minute films to be used on the net. Hollywood moguls are backing student projects.
Short news items include: eMotion Secures $34 Million, Update on Boston Globe Freelancer Suit, Patrick Donohue Joins Corbis, Getty Acquires IPL in Australia, Art Resources Represents French Museums and Speeding Request to Photographers at The Image Works.