Biz: From thousands to $30: iStockPhoto and the cover of Time
- A great find from our friend Charles Apple (who wrote a great write-up on the site just as it was launching). This image was on the cover of Time, one of nation’s highest-circulation magazines, yet Robert Lam got paid just $30 for it. If a commissioned photographer took it, they would’ve gotten paid much more. It’s not the first time something like this has happened, but it’s becoming more prevalent due to the fact that some stock photo (and editorial content) sites tend to thin the value of content. Read the blog. It makes great points.source