Stock photography Industry structure Getty Images, Corbis and Sipa Press are the three largest traditional stock photography agencies in terms of revenue. All three companies offer photographs, with the majority having been shot by professional photographers.
Royalty-free Royalty-free, or RF, refers to the right to use copyrighted material or intellectual property without the need to pay royalties or license fees for each use or per volume sold, or some time period of use or sales. Computer standards Many computer industry standards, especially those developed and submitted by industry consortiums or individual companies, involve royalties for the actual use of these standards. These royalties are typically charged on a "per port" basis, where the manufacturer of end-user devices has to pay a small fixed fee for each device sold, and also include a substantial annual fixed fee. With millions of devices sold each year, the royalties can amount to several millions of dollars, which is a significant burden for the manufacturer.
Royalty-free music Production music (also known as stock music or library music) is the name given to recorded music that can be licensed to customers for use in film, television, radio and other media. Oftentimes, the music is produced and owned by production music libraries. Introduction Unlike popular and classical music publishers, who typically own less than 50 percent of the copyright in a composition, production music libraries own all of the copyrights of their music. Rights Managed Rights Managed, or RM, in photography and the stock photo industry, refers to a copyright license which, if purchased by a user, allows the one time use of the photo as specified by the license. If the user wants to use the photo for other uses an additional license needs to be purchased. RM licences can be given on a non-exclusive or exclusive basis. In stock photography RM is one of the four common licenses or business models together with royalty-free, subscription and micro.