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Copyright law specifies that the photographer owns the copyright to the work, unless ownership of the copyright is transferred to another entity by the photographer.
It comes down to the agreement between the cam model and the site they're working for. Without an agreement stating otherwise, the model is the one who owns the copyright. The model is the photographer, creating the image.
With an agreement between the site and model, it is possible that the site will require use of the material for promotion of the site, promotion of the models feed, etc. I think it would be an unusual circumstance if the site were to actually own the copyright on the content, however... I'm sure they build something into the terms that say the content can be used by the site for whatever purposes they see fit, for as long as they want to use the content for.
But if you're asking if you somehow have a claim on the copyright because you paid the model for a cam show... you are quite mistaken. With the assumption that you owned the copyright on a work that you captured, you're somehow under the assumption that you'd be able to sue anyone and everyone that used that work for financial gain without your permission. Does that sound right to you? I didn't think so. That's because it's not.
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