Great news for editorial photographers this morning and a wake up call for all photo agencies….
One of the UK’s most successful independent celebrity photo and video agency Fame Flynet will now guarantee any photographer and content provider payment on exclusive UK picture sales within seven days. This new industry standard launched today with it’s own website #7DayPayments
Freelance photographers who supply agencies with their images can often wait several months before seeing their payments. Traditionally, agencies wait until they receive payment from publications before passing on an agreed percentage to freelance photographers and writers.
Fame Flynet Director Danny Hayward told PhotoArchiveNews.com “Our belief is photographers are the most valuable asset to a picture agency and should be rewarded faster for their efforts. Until now, photographers have had to wait too long for payment on a set of images. ‘We are the first agency in the world to offer seven day payment. This turn around for fees has been long overdue in an industry where it’s not uncommon to wait for 12 weeks or longer for payment. Photographers who use us to sell their images will see money in their account without having to wait for newspapers and websites to pay us.”
Fame Flynet’s quick-fee policy comes a month after former Sun Picture Editor, John Edwards, joined the agency. Edwards said: “I know how frustrated photographers get waiting for fees to drop into their bank account. Payments can be signed off quickly at a picture desk but then take several weeks to work through approvals by managing editors and accounts departments. Photographers have previously had to sit and wait through that process which can drag on for months. For those providing us with premium content, that is now a thing of the past.”
One of Fame Flynet’s regular contributors, Justin Thomas, said: “I’m delighted that #7DayPayments has been put in place. It can often take months before we see payments of fees materialise in this Industry. This sets a truly excellent benchmark for the business.”
Point your exclusive photo content to Fame Flynet for 7 day payment here: www.7DayPayments.com
Here at PAN we are looking forward to hearing all the other editorial photo agencies following suit ….within 7 days!