The big news in stock photography circles today is that Flickr and Getty Images have announced a distribution and licensing deal that will see selected images from Flickr become available to license via Getty Images.
Flickr and Getty said (via ZDNet):
Getty Images will continue to build this collection over time by inviting select Flickr members to participate. Members who choose to participate will benefit from the global reach and distribution power of Getty Images to help market their images, as well as its unmatched expertise and experience in rights and clearances of digital media.
With Getty's acquisition of iStockPhoto, the company now has a high degree of control over the entire stock industry with offerings spanning the low end market on iStockPhoto to the very high-end through its own Getty Images website.
The good news for smaller and independent libraries is that the market for stock images seems to be doing well at the moment and in a gloomy economic climate, it's all about good value for money, something that Getty isn't always known for.
The long term implications of this deal are a little unclear at the moment but with Getty's influence in the stock imagery industry becoming increasingly inescapable, I expect that the move will be a popular one with the many semi-professional photographers using Flickr.
You can read more about the deal on the original news story at ZDNet and on Yahoo! Business News.
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