News
Picture Arts deal in the bag
Jupiter Media announced today that the purchase of PictureArts (first reported on July 1st) is now complete. Jupiter spent a tidy sum of $63.2 million in cash. Too bad they didnt inquire about purchasing About The Image... I would have only asked for 63.1 Million. :0)
Click here for more details
Also, PDN is reporting that Jeffrey Burke and Lorraine Triolo are giving 7 million (Holy Crap!) from this sale to the employees of Picture Arts. I am honestly awe-struck when I read this quote from my new hero Jeffrey Burke. “Maybe Lorraine and I went over the edge, But in the grand scheme of things, when you get past so many millions of dollars, [sharing $7 million] is not going to affect our lives. But it’s sure going to make a difference to our employees,”. Click here to read the whole story from PDN.
Posted in: News, Photographers, Stock Art Buyers, Stock Photo Companies
