As reported by Freelancer Union, Getty Images has announced a huge reduction in the royalties it will pay to thousands of freelance photographers and illustrators.
The plan, which was communicated by Getty Images to it’s freelance contributors, is to reduce royalties for non-exclusive images licensed by subscription to as low as 2¢ per license—93% lower than current royalties. The slash in royalties is to take effect on December 23, 2016.
An international group of freelancers, Microstock Coalition, has started a petition to stop the plan from happening and is asking fellow freelancers to sign the petition to help drive awareness to the impact this will have on freelancers.
About Getty Images:
Getty Images, Inc. is an American stock photo agency, based in Seattle, Washington, United States. It is a supplier of stock images for business and consumers.
Freelancers Union Organization announced today the news that Mayor Bill de Blasio signed the Freelance Isn’t Free Act into law yesterday, November 16, 2016.
This is truly a historic event as New York City is now the in the nation to protect freelance workers against client nonpayment. As reporting on Freelance Union’s website, as of today 38% of workers in NYC freelance and 55 million Americans freelance across the country.
With this Act, businesses are required to provide written contracts for freelance gigs, which will allow freelancers the ability to file complaints against non and late-paying clients with the Department of Labor Standards. This also institutes penalties against clients found guilty of nonpayment in small claims court.
To view the legislation, click HERE.
To sign a petition in your city, click HERE.
To learn more information, please visit the Freelancers Union site today.