Bruce Livingstone, founder of iStockphoto (which has since been acquired by Getty Images), has launched Stocksy, an artist-owned stock photography co-operative. Under its licensing terms, photographers receive 50% of each royalty transaction. Each photographer also receives equity and is entitled to a share of the co-operative’s annual profits. This launch comes hot on the heels of a recent and controversial deal between Getty Images and Google, in which Google Drive’s image vault gives public access to over 5000 Getty images with very little compensation to the photographers.
News: Digital Photography Review (dpreview.com)