EPUK Editorial Photographers United Kingdom and Ireland. The private mailing list and public resource for editorial photographers

Exactly Collapses: but the Dream Contract lives on

1 January 2000 - EPUK

Exactly has just collapsed, and with it their advanced plans for ExactPhoto, a new stock agency based on a win/win deal for both photographers and clients. Their draft agency/photographer contract, a model for the entire industry, has been place in the public domain for use by all.

Funding fell through, partly because investors no longer trust dot.com companies, but mainly because, in the words of President & CEO Ridgely C. Evers, “investors are afraid of Getty and Corbis. They are perceived as having effectively sewn up the market for rights-protected stock photography, making it impossible for anyone else to build a real business in the space. I obviously think that perception is wrong. But (as we’re fond of saying around here) it is what it is.”

The perception IS wrong, but is no less real and threatening for that, with alarming implications for other alternative stock agencies planned in the near future.

Exactly would have risen above all the rest because its plans and specifically its contract were drawn up in consultation with some of the best editorial photographers in the business, including Seth Resnick, Jeff Schewe, Jack Resnicki, Tim Olive, Jeff Sedlik, and Frederic Neema.

Exactly’s legacy is the dream contract. It would have done for stock photography what the Business Week deal is doing for assignment work – and it still can. Instead of cashing in on their intellectual property, Exactly has waived their copyright on the contract, and placed it in the public domain (http://www.exactphoto.com/contract.html). The Exactly team cannot be the only people in our business who believe it possible, and right, to cut a fair deal for photographers, agents & clients alike. The deal is there for the taking. And it gives the lie to all those who say you cannot get a better deal today than what’s on offer from Gates & Getty.

Want to contact the EPUK Website editor? editor@epuk.org

Comment on this article

(Your email will not appear on your comment, but we cannot accept your comment without one. We won't give your email address to anyone else)
(You don't need to enter your website address, but if you do, your post will link to it)
 

EPUK reserves the right to edit or delete posts which the moderators feel are irrelevant, offensive, libelous, untrue or just plain nutty; and in extreme cases, to ban those who make them.


EPUK is discussing:

Copyright infringements and how to manage them DACS Payback'Crafted in Britain' by Rob Scott Photographing in public places - where/when/is it allowed?

What is EPUK?

EPUK is an email group for professional editorial photographers who want to talk business. We don’t do techie stuff or in-crowd gossip. We don’t talk cameras or computers. What we talk about are the nuts and bolts of being in business - like copyright, licensing, fees and insurance.

Donate to EPUK

EPUK is run on a not-for-profit basis, funded solely by advertising, donations and hosting other lists. You can make a donation to EPUK through Paypal here:

Donate Now with PayPal

Site content is © original authors. To reproduce any content on this website, contact editor@epuk.org who will put you in touch with the copyright holder. You can read our privacy policy. Any advice given on this site is not intended to replace professional advice, and EPUK and its authors accept no liability for loss or damage arising from any errors or omissions. EPUK is not responsible for third party content, such as epuk.org adverts, other websites linked to from epuk.org, or comments added to articles by visitors.