Corbis to reduce royalty rates

UK, 3rd NOVEMBER 2008 - from the BAPLA news section: BAPLA member agency Corbis recently announced that it will be phasing in new photographer royalty rates over the next few years to align with industry standards.

Corbis has for many years had some of the highest royalty rates of any major image licensing agency. The agency values its photographers and takes the responsibility it has to its photographers seriously.

The company is committed to being a competitive industry leader that can continue to accelerate its momentum and gain market share in a rapidly changing market.

By aligning its rates with industry standards, it will be able to invest in initiatives to improve its website, strengthen its sales force and ultimately expand its share of the image licensing market to be a winning partner for the long-term.

Source: CEPIC