From TechCrunch,
read here.
In late 2007 Flickr was strongly considering creating a marketplace where users could buy and sell photographs hosted on the service. It was to be called Flickr Stock.
Then-employee Sarah Cooper worked on the project and described it as “The concept of Flickr Stock was to create an online marketplace where existing Flickr users could offer photos for sale as well as purchase photos taken by others.” Cooper worked on the project in late 2007.
But Flickr abandoned the idea in early 2008 and decided instead to partner with Getty Images. A just launched beta program lets a handful of Flickr photographers sell their images on the Getty Images website. That program is being expanded and should launch in the next couple of months, Flickr General Manager Kakul Srivastava told me this afternoon.
Comment of
Paul Melcher:
Getty protected its valuable Istockfoto asset thanks to this deal and delayed the opening of the flood gates. I would love to have heard how Yahoo was convinced to drop such potential revenue. Or is getty paying them a fee to be their “exclusive” representative ?
