As Beyonce fans eagerly await news of the singer giving birth to her baby on Wednesday, there has been intense speculation on where to look for the first pictures of the baby.

Many leading celebrity magazines are believed to be frontrunners to bag exclusive rights of "Tiana May Carter," the rumoured name of the Beyonce baby.

A handful of major magazines have reportedly approached the couple with million dollar exclusive deals. People, Vanity Fair, Huffington Post are believed to be the major contenders to get first shots of the baby.

But reports suggest that the "Crazy in Love" singer and Jay-Z may not after all sell the first pictures of their bundle of joy. Beyonce is believed to be following in the footsteps of celebrities like Maria Carey, Tom Cruise and Aishwarya Rai who kept their babies' first pictures out of the public domain.

"We have made several offers to their people about running exclusive images of mother and baby but no one has responded," the huffingtonpost has reported.

There have been many celebrities who have cashed in on their newborns. Angelina Jolie and Brad Pitt sold the first pictures of their twins Knox and Vivienne for a whopping $12 million which she donated to a charity. Jennifer Lopez, Jessica Alba, Jamie Lynn Spears and Tori Spelling have also made money from their babies' first snaps.