Paparazzi Industry Over-Saturated
So says the NYT. Despite the recent high-profile counter-example, fees paid by magazine for candid celebrity shots are declining:
Gary Morgan, co-owner of Splash News, a photo agency that specializes in paparazzi photographs, said that a typical picture that garnered $30,000 last year would sell for around $15,000 this year.
“Prices are coming down. The heyday was last year and the year before,” he said. There are now more magazines, more photographers – he estimates that almost 150 paparazzi are working in Los Angeles this year, up from 80 last year and 20 a decade ago – and more photos being taken.
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