Following an exclusive distribution deal with Getty Images, 500px is shutting down its own stock photo marketplace but its images will continue to be sold by Getty in all markets around the globe, except for China.
Many photographers rely on getting exposure for their work through the 500px platform and its stock photo marketplace. Now, some will be getting a lot more exposure due to 500px’s move to make Getty Images the exclusive distributor of its stock photography, following a recently signed partnership with the stock photography giant. As a result, 500px will be shutting down its own stock photography offering, Marketplace.
Getty will now have access to 500px’s images and will sell them in all markets except for China. The Chinese market will be serviced by the Visual China Group, a company that acquired 500px earlier in the year. 500px and Getty’s deal was announced on May 31, by will be going into effect on July 1.
What changes for 500px Marketplace members? Well, apart from the fact that they will have more extensive exposure and increased reach, not much. Royalty rates or the process of submitting images will remain the same, and users can still choose to opt out of having their shared images available for sale. 500px will also continue to represent the photographers who submit their images through its portal. However, the exclusive agreement stipulates that the 500px Marketplace will be shutting down on June 30, and “selected images” will be moving on to Getty Images.
Finally, 500px photographers will see a new sales-related tool appearing later in the year.
You might also like
More from Other Platforms
Clubhouse Now Has A Head Of Sports Partnership
Clubhouse announced that Sean Brown will join its team as its first Head of Sports Partnerships, the latest addition to …
Instagram Tests Letting Users Choose Whether To Show Or Hide Like Counts
Instagram like counts, should we show them or hide them? Instagram cannot decide, so now they will ask us to …
Snapchat Teams Up With LACMA To Place AR Monuments Across LA
Snapchat is collaborating with the Los Angeles County Museum of Art to bring five augmented reality monuments to Los Angeles.
Google Meet Introduces Data Saver Mode
Google Meet has a new feature that will help you save battery power by restricting data and decreasing the power …
Pinterest Launches Its First-Ever Creator Fund
At an event last week, Pinterest announced a new $500,000 Creator Fund, a program to support Creators from underrepresented communities.
Google Shuts Down Its Mobile Shopping Apps
Google is pulling the plug on its mobile shopping apps for both iOS and Android and redirecting users to its …
Tiktok Introduces Interactive Music Effects
TikTok has started rolling out six new interactive music effects for creators, starting with Music Visualizer.
Twitter Looked Into Possible Clubhouse Acquisition
Twitter held acquisition talks with Clubhouse with a deal value of around $4 billion, according to reports from Bloomberg.
TikTok Introduces A New Video Editor For Native Video Ads
The new TikTok Video Editor makes it easy for advertisers to easily and effortlessly create native TikTok video ads.