toomanycanons: First thing they'll do is change how photographers are paid for their images. From now on the photographer will pay Getty Images for the privilege of giving them their work. It's a new day.
We already do ! Photographers Choice brand demands $50 submission fee per image and Getty still rob 75% of the fee. Sad times. Getty, microstock and royalty free have killed the stock photo industry forever.
So why can't we all club together and do something about it ?
The fact that Getty and co have managed to get away with all this for so long is ludicrous.
The split should be 75% / 25% in the photographers favour.
This is what we should do Rashomon - create our own library that puts photographers first.
Why can't this be done ? Without new stock Getty would go out of business. We need some solidarity amongst the ranks.
For the life of me, I can't understand how photographers allow Getty to take the 75-80% lion's share of an image sale after we've paid for the shoot, edited and submitted.
This is why photographers are now going out of business as Getty has canibalised the photographic industry and raped their contributors to reap their own rich rewards.