Yes it is.
It is nice that Magnum take this initiative to create some revenue opportunities for their photographers.
No. Nobody needs to do that. Better retiring.
Magazines are dead; there is no money even for the big fashion bibles regularly to send guys around the world anymore. There is no more
Life. The Internet apparently has no money either for anyone except famous kids of famous parents. The gig's done for the vast majority, with only a couple of stars shining brightly in the firmament.
Just because I'd mentioned it a few days ago, I pulled out that
Vogue with Lindbergh's last shoot for the magazine. Slowly and carefully examining the pages, I realised that advertising fashion photography has merged inextricably into still life. The pages were dead as bricks. One or two actually gave the photographer a credit, which makes me wonder if that was in lieu of payment. Better take the money, however little, and save one's reputation, but to what purpose? (These were not Lindbergh's pages.)
I don't enjoy being old, but I'm sure glad I was young when I was young!