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Jupiter invests in Stock.xchng and Stockxpert
Jupiter Media has announced that it has purchased a 49.7% equity investment in HAAP Media Ltd., based in Budapest, Hungary. HAAP Media operates Stock.xchng and Stockxpert.com. Stock.xchng is one of the largest stock photo community Web sites in the world with over 25 million page views monthly and over 500,000 registered users who enjoy free access to images that cannot be purchased from Stock.xchng. Stockxpert.com offers images for sale with pricing as little as $1.00 per image. Financial terms of the transaction were not disclosed. The news that Jupiter Images has now purchased a micro-stock community and business should come as no surprise to anyone who has watched the company closely. Jupiter, which comprises the third company among the “big three” businesses in the industry, has already purchased just about every other type of business selling visual content on-line, using just about every type of business model. Jupiter already owns a portal for both rights-managed and royalty-free image licensing, several RM and RF companies, a number of stock image subscription services, a flash content provider and a digital animation company. This acquisition also reflects the Internet-focused approach to growth that seems to separate Jupiter from the other two that make up the big three – Getty and Corbis. Click here to view the original press release. Click here to view comments by Alan Meckler CEO of Jupiter Media.
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Posted in: News, Stock Photo Companies
