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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 />
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