Getty Cuts Pay for Editorial Contributors - A Photo Editor
Getty announced pay cuts for editorial contributors and when PDN asked them if that was because they needed to lower their prices (here): Asked whether Getty has found itself unable to compete for low-priced business without asking for concessions from su
via A Photo Editor: http://www.aphotoeditor.com/2011/11/28/getty-cuts-pay-for-editorial-contributors/
There’s no doubt that Getty has found a sweet spot in sales with their subscription model, unfortunately that means contributors are seeing lots of images sold for $5. I often get asked why someone doesn’t step in and create an agency with a better cut for photographers.