500px releases its own licensing marketplace that promises users a 30% Cut

Earlier today, 500px announced that it would be getting into the licensing game with a new commercial licensing site dubbed 500px Prime. Announced on the image sharing site’s blog, 500px is painting Prime as a revolutionary commercial licensing marketplace that will “fundamentally change the way photos are licensed.” The company makes this claim for three reasons, at least one of which is nice to hear.

Photography-based social networking site 500px announced that it is launching a commercial licensing service that would earn the members in the online photo community 30 percent of proceeds for each photo sold. Called 500px Prime, here’s how it will be different from other licensing services. Prime will charge licensing fees starting at $250. Regardless of the license, 30 percent of the photo sold would go to the photographer who owns it. And, “we are using the power of the 500px community to give buyers insight into how photos will be received and perceived before licensing them. Imagine searching images by potential vitality, hero status and visceral reaction. This is revolutionary and something only 500px can do,” the company wrote it a blog entry.