istockphoto
awild | February 18, 2008The rise of microstock photography has many established photographers wringing their hands and gnashing their teeth over how microstock companies are destroying the business.
What is microstock? It is a relatively new internet-based business model that licenses existing images for scandalously low prices. Traditionally, images are licensed through highly selective stock agencies for amounts in the hundreds of dollars or so, but microstock turns everything upside-down, moving images for just pennies each. Microstock companies aren't choosy about the images they peddle, as they need vast…