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Royalty-Free Licenses

1:49 with Wilt Chaimberlain

Royalty-free licenses don't require an ongoing payment for use of the work you're licensing, and are often used for licensing photographs, songs, and other media.

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    [Chris Zabriskie] Some paid license agreements, require an ongoing royalty payment 0:00
    or licensing fee. 0:04
    So Nintendo may not be manufacturing all those backpacks, 0:06
    but I can guarantee they're making a few bucks every time somebody buys one. 0:10
    That's a royalty payment, this continual payment based on sales or usage 0:15
    of the thing being licensed. 0:19
    But there are also royalty-free licenses 0:21
    ones that don't require those continued payments. 0:25
    Many stock photography websites, for example, 0:28
    issue royalty-free licenses. 0:31
    You pay for a photograph once, 0:33
    and then you can use it on your website without having to pay them everytime someone sees it. 0:36
    Getty images is one of the largest stock photography services, 0:40
    and they also specialize in video and music. 0:44
    Much of their catelogue is available royalty-free. 0:46
    So remember that's not free, they will charge you for the license. 0:49
    But you won't have to come back and relisence it year after year. 0:53
    Other stock photo sites, like Stock Exchange, or even Mocrosoft's own stock photo database, 0:57
    have many images available for free. 1:03
    You don't have to pay to use them. 1:06
    But each image still comes with it's own license. 1:07
    It'll be royalty free, but there may still be some restrictions on how you can use it. 1:11
    Some royalty-free licenses require the project that you're using it for, 1:16
    to be non-commercial in nature. 1:21
    They don't want you to be making any money off of it. 1:23
    Others require the photographer to be credited. 1:26
    It's still your job to abide by the terms in these licenses 1:29
    even if you don't read them. 1:32
    All of this applies to tons of other royalty-free products too, 1:34
    not just photos. 1:38
    Remember, read the license agreement— 1:40
    always, even if it's free. 1:42
    Read the agreement and understand exactly what you're agreeing to. 1:44

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