A friend of mine wants to buy photographic images with a view to adding quotes or sayings and eventually selling these as posters or pictures / postcards. I am not sure there is any money in it although I have admitted to her I don't have any experience or knowledge of the ins and outs of licence agreements from professional photograph image sellers, royalty payments etc and the details of whether the numbers would add up. I asked her who her customers would be and she said card shops and retailers of posters (the equivalent of Athena in the 21st century) but again she was vague.
Anyway has anyone had any experience of buying for commercial use professional photograph images and entering into royalty agreements for use of those images? Any thoughts / wisedom to impart? thanks