This is a good idea if they can make it work – although I doubt that the market is easy to break into, there are already lots of players there, and you need a lot of trust to build something like this.
Because we have links with major media buyers the world over, Demotix can broker your photos and videos to newspapers, magazines, TV channels and websites, multiple times and simultaneously.
Basic, non-exclusive rights to your photos will sell for anything between $150 and $3,000 USD.
Non-exclusive rights to your video: $500-1,000/minute.
Exclusive rights: whatever we can get. And some photos and videos can go for $100,000s.
In all cases, you get exactly 50%.
The boring details are here *Terms of Sale* and here *Terms of Business* but basically:
you retain the copyright
we broker them across all spaces
we split the fee
[From Demotix | The Street Wire]