by TeacherAngel » 15 Jan 2017, 10:42 The stock footage market continues to grow as more people discover its practicality. People who are working on film projects are amazed at how much money they can save from using stock footages instead of going to a particular place to shoot the footage themselves.
Rights-managed VS Royalty-free
The discussion about rights-managed and royalty-free stock footages raise the bars of argument about which one would lead to more savings and which one will be hassle-free for the stock footage buyer. Although film makers are accustomed to the rights-managed stock footages that they use in their video backgrounds, its practicality over royalty-free stock footages is still arguable. The former’s cost will greatly depend upon the length of the stock footage as it will be priced on a per second basis. Its price also depends upon its purpose so the buyer will have to disclose some details about his or her film project. The reach of the video or the film will also affect the cost of the stock footages. This is quite daunting as more often than not, film makers want to keep the details of their work confidential until they are ready to tell the public about it. Still, they have to forget about the element of surprise because these pieces of information are needed before they get to use the footage that they want. Film makers should be honest about their plans as changes in their plans on how to use the stock footage will also affect its price. After the agreed period of usage for the stock video is finished, the film maker will have to decide whether or not he or she will continue to use it or not.
Fees and Rights
On the other hand, royalty-free stock footage comes in consistent price no matter how the footage will be used. A one-time licensing fee will be paid. After that, the film maker can use the footage in any way and anywhere they want to. They will also have the rights to the footage that they purchased should they need to use it for their other future projects.
Restrictions
One of the biggest differences between rights-managed and royalty-free stock footages is the restrictions. While rights-managed stock footages should have its planned purpose presented to the seller in details, there is no need for such action when it comes to royalty-free stock footages. Likewise, there are very little restrictions in using royalty-free stock footages and these are clearly stated in the terms of agreement that the buyer should read before the purchase. Rights-managed stock footage does not have many restrictions as well. However, a lot of factors are considered for the pricing. In addition to these, any changes in the film maker’s plan, or any use that is not stated in the agreement signed prior the purchase will lead to additional payments.
These are the things that film makers and footage buyers should bear in their minds. These will help them determine which footage payment scheme will work best and will be more practical for their film project.
