KLC fotos operating expenses include fixed annual costs:
-Website design platforms
-Archive storage providers
-Cloud storage providers
And occasional costs:
-Certificates of Insurance
Royalties are often shared amongst:
-Client granting rights to license/sell images from their branded events
Assignment Fees are paid to:
The remainder of Assignment Fees and Royalties are spent to cover operating costs and reinvesting in KLC fotos.
KLC fotos maintaining an overhead fee and savings is what allows us to pay contributors as soon as the assignment is completed and KLC fotos carry the burden of delayed invoices not the contributors.