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Royalty free<br />

Royalty-free is the most common licensing scheme. It enables the non-exclusive use of<br />

images by multiple licensees. This means that both you and your competition could use<br />

the same image concurrently, though with so many millions of images available from<br />

dozens of agencies, the odds of that may be slim. Under royalty-free, licensees don’t<br />

need to pay royalties or license fees for each copy printed or viewed.<br />

Rights-Managed<br />

An image licensed as rights-managed typically allows a single use after which another<br />

license must be purchased to use it again. The licensed usage is also limited in terms<br />

of when it may be used, for how long, in what media, and in what regions and markets<br />

(see Figure 30). Photographs of public personalities are typically rights-managed with<br />

media outlets purchasing single-use licenses relevant to specific geographies and<br />

number of copies, the last of which is often based on the circulation of the publication,<br />

such as 100,000 printed copies or 2 million average viewers.<br />

Figure 30: A rights-managed image available from the Associated Press’s AP Images agency.<br />

When purchasing stock photography and video footage, rights-managed often gives<br />

you access to unique, more impactful images, but will cost more and be usable within a<br />

much narrower window.<br />

32

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