Jeremiah’s Vanishing New York

A blog for Small Business Consultants and the distributors who serve them. Before the internet (and up till mid-1990s), distribution of images to buyers was tough. Smaller inventory companies that couldn’t promote some provide of photos began promoting them to OTHER inventory businesses with¬†better distribution channels (normally, the early web adopters). As a result of these photos have been usually lower quality, the priority was that these pictures won’t promote. To ensure that the deal to make financial sense for all parties, the photographer was paid a one-time royalty for the transaction, the first company acquired a single, lump-sum payment from the secondary agency, and that second company was now on the hook to make some money. Typically they did, however often they did not. However they might only agree to take this threat so long as they weren’t obligated to pay royalties again to the photographer.¬†These were … Read More