News
Jupiter ups stake in micro payment stock photography sites
Jupitermedia Corporation (Nasdaq: JUPM) has announced an increase in the company's ownership of HAAP Media Ltd. which operates two photo-related web-sites, the micro-payment site, Stockxpert.com (www.stockxpert.com) and stock photo community site, Stock.xchng (www.sxc.hu). Jupiter increased its equity ownership to 90% of HAAP, based in Budapest, Hungary, having made an initial equity investment in 49.7% of the company in January of this year. Terms of the transaction, which is expected to close in the 4th quarter, were not disclosed.
HAAP's web-sites have grown considerably during this year mirroring the exceptionally fast growth rates reported by other micro-stock sites such as Getty's iStockphoto whose download tally is projected to exceed 10MM for 2006. According to Jupiter's press release about the deal, "Since Jupitermedia's initial investment in January, 2006, the number of images has increased tenfold and Web site traffic has increased from 120,000 to over 6 million monthly page views. Stock.xchng's stock photo community Web site has also experienced substantial growth with over 50 million page views monthly and over 900,000 registered members."
Click here to view the original press release.
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Related Stories:
Jupiter launches micropayment stock photography site in Japan (July 20, 2006)
Editorial: Micro payment agencies - A force for good or evil? (July 17, 2006)
Stockxpert.com claiming strong growth (June 2, 2006)
Jupiter reports on Q4 2005 (March 17, 2006)
Getty acquires iStockphoto for $50 million (February 9, 2006)
Jupiter invests in Stock.xchng and Stockxpert (January 25, 2006)
Posted in: News, Stock Photo Companies
