Category: Getty Images
Getty Images, Inc. (NYSE: GYI) is the world’s largest stock photo agency, based in Seattle, Washington. Getty maintains an archive of 70 million still images and illustrations and more than 30,000 hours of stock film footage. The company was founded in 1995 by Mark Getty (current Chairman of the Board) and Jonathan Klein (current CEO) In September 1997, Getty Communications, as it was called at the time, merged with PhotoDisc, Inc. to form Getty Images. Today, the company operates several of the world’s most popular stock licensing websites including www.gettyimages.com, www.istockphoto.com, www.wireimage.com, www.punchstock.com, and www.scoopt.com. Nearly 100 percent of the company’s visual content is delivered digitally.
Key executives:
Mark Getty - Co-Founder and Chairman
Jonathan Klein - Co-Founder and CEO
Tom Oberdorf - SVP and CFO
Bruce Livingstone - SVP and CEO iStockphoto
New Referral Program At iStockphoto
iStockphoto have a new referral program that rewards participants with their choice of $20, 20 credits or 20 percent commission on all first-time purchases by customers they generate. Newly referred iStockers are also awarded 10 free credits just for setting up an account.
Getty Images Re Launching Blog
Getty Images will be re relaunching their Blog pages tomorrow. blog.gettyimages
Nikon Secures Sponsorship At Getty Gallery London
Nikon celebrates becoming the new official sponsor of the Getty Images Gallery in London.
Court Artist Sues Getty Images & AP
Forbes.com via AP reports: ‘A prominent courtroom sketch artist has sued The Associated Press and stock photo agency Getty Images, alleging they violated her copyright protections by reselling her work’.
....’Her lawyer, H. Jay Spiegel, said Lopez was typically paid $300 to $500 for her sketches but retained the copyright. AP and Getty allegedly violated the copyright by reselling her work to the public, at prices up to $12,000 for a one-month license, according to the lawsuit’.....
Full story here: Forbes.com
Getty Images Re Brands Wireimage Video
Getty Images, is re-branding it’s WireImage Video offering as Getty Images Entertainment Video, providing video coverage of current entertainment-related events and extensive celebrity video archives.
Getty Images Acquires Picscout
Getty Images, has acquired online image tracking company PicScout
The press release reads: This acquisition will build and grow upon Getty Images’ existing range of products and services, enabling Getty Images to amplify its digital content licensing expertise and leverage PicScout’s technology in developing new image identification tools for customers. Getty Images will invest in PicScout’s technology and continue to work across the entire image industry, to improve and expand protection of Intellectual Property, thus ensuring a stronger overall content licensing industry.
Launch: Contour Style From Getty Images
Offering distinctive beauty, fashion, interior, travel and culinary imagery.
“Contour is internationally renowned and recognized for its rich collection of celebrity portraiture,” says Adrian Murrell, Global Vice President, Editorial, Getty Images. “With the launch of Contour Style, we are proud to offer customers access to a wealth of lifestyle imagery not available anywhere and most if which has never before been made available to license.”
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More than 500,000 clips from Getty Images now available through Footage.net
Footage.net, a stock footage search engine, has announced that it has now partnered with Getty Images, the world’s leading creator and distributor of visual and digital media content, to include its entire footage database of more than 500,000 clips in the Footage.net search platform. “The partnership with Getty Images adds greatly to the breadth, depth and value of our footage search engine, and we look forward to providing Getty Images with another channel to serve the global production community,” said Footage.net President Domenick Propati. “We are especially pleased that Footage.net users will now have access to Getty Images’ amazing collection of high-quality contemporary footage.”
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StockXpert is ceasing regular operations
In a recent message sent to users of the micropayment stock photography site StockXpert, the company announced that it is ceasing operations and that it will no longer sell new credits or accept new members. The StockXpert site was launched by the Hungarian based HAAP Media which also operated the popular sxc.hu, a free stock photography download site. The business was later acquired by JupiterImages in Nov 2006 which was acquired itself by Getty Images in Oct 2008. Getty Images also owns iStockphoto, the world’s most popular micro-payment stock photography site.
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Getty launches Thinkstock subscription product
Getty Images announced it will now offer another subscription product, Thinkstock, giving new life to a brand the company acquired from Jupiter Images in 2008. The Thinkstock subscription product will include millions of high-quality royalty free photographs, illustrations and vectors from its Getty Images, iStockphoto and Jupiter Images collections. Thinkstock will include both professional and user-generated content. Getty plans to add thousands of new images to the product weekly to keep it fresh and vibrant.
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Getty Images is gearing up for the 2010 Olympic Winter Games in Vancouver
In its role as the Photographic Agency to the International Olympic Committee (IOC) for the twelfth consecutive games, Getty Images will cover all aspects of the Vancouver 2010 Olympic Winter Games (February 12-28). Getty Images has been the IOC’s Photographic Agency since Calgary’s Winter Games in 1988.
Getty launches new web and mobile licensing types
Getty Images, widely considered to be the world’s largest stock licensing company, has announced that it has released two new Web & Mobile image products featuring very small file sizes (170 pixels and 280 pixels) designed specifically for online and mobile use. Getty Images’ Web & Mobile images are priced according to pixel size and license model, ranging from $5 for RF and $15 for RM, to the current $49 (413 pixels/500kb) web-resolution product.
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Getty appoints iStockphoto to manage free stock photography site SXC.hu
Earlier this year when Getty images completed its acquisition of JupiterImages the company also acquired a popular free stock photography site located at sxc.hu. The popular site reported in 2006 to have over 25 million page views monthly and over 500,000 registered at the time it was purchased by JupiterMedia from the Hungarian company Haap Media. The previous strategy was to use this free image site to upsell users to its own micro stock platform located at Stockxpert.com and now Getty Images is seeing the potential to continue operating the free site as a means to funnel traffic to its own micro-payment site iStockphoto.
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Getty Images adds Flickr photo clouds feature to site
Getty Images, who first announced a deal with Flickr to monetize user-generated content from the photo-sharing site in July 2008, has just announced a new phase in the company’s campaign behind The Flickr Collection by adding a Flickr photo clouds feature to its site. This new feature lets users visually group images that catch their eye and share them as part of a social networking/creative inspiration experience.
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iStock launches high-end collection Vetta and projects gross revenue of $200MM for 2009
The leading micro-stock web-site, Getty’s iStockphoto, has announced the launch of a new premium collection of imagery that will command higher prices than their regular collection. Prices for images from the new collection, called Vetta(TM), will range up to 70 credits, the equivalent of $96.25. iStock has also announced it projects gross
revenue to reach US$200MM this year.
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Getty Images and AFP renew partnership agreement
Getty Images, widely considered to be the world’s largest stock licensing company, has announced that it has renewed a deal with the global press agency, Agence France-Presse (AFP) allowing both companies to leverage the others archive. The renewed contract takes effect on 1st June 2009 and extends the partnership between the two companies for an additional three years from the initial agreement put into effect in 2003.
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Bruce Livingstone resigns from iStockphoto and Getty Images
Bruce Livingstone CEO and founder of iStockphoto has announced that he is stepping down from his post as CEO of iStockphoto and SVP Consumer at Getty Images. The company was launched just over nine years ago and quickly became the leading microstock image licensing service culminating in its sale to Getty Images for $50 million in Feb 2006. After the sale of the business Livingstone who was in his mid-30s continued as the CEO and was also appointed SVP of Consumer Products at Getty Images. “From the beginning, this crazy little experiment has shown the world what happens when people assemble to organize their creativity and business acumen. Together, we changed the way a whole industry works” Livingstone stated in a farewell message posted in the iStockphoto community.
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Getty launches Flickr Collection
Getty Images, who announced a deal with Flickr to monetize user-generated content from the photo-sharing site in July 2008, has just announced the launch of the Flickr Collection, available exclusively on gettyimages.com, in both royalty-free (RF) and rights-managed (RM) licensing models.. “This collection reflects the unique perspective Flickr offers as the ‘eyes of the world’ and is testament to our community of photographers, who have shared their authentic visions with the world through Flickr,” said Kakul Srivastava, general manager, Flickr. “Providing our members with a way to bring their imagery to Getty Images’ worldwide customer base through this partnership has been an important step for us and we look forward to seeing the collection evolve over time, just as Flickr itself continues to do.”
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Peoria TV station reports on Getty layoff of former Jupiter Images employees
Last week Jupitermedia Corporation (NASDAQ: JUPM) announced that it had finalized its sale to Getty Images for $96 million and this week Getty had taken steps to begin laying-off hundreds of employees including 100 workers from the Former Dynamic graphis office in Peoria Illinois as reported by local TV station WMBD/WYZZ. The story further states “All 400 worldwide employees from England to Australia will be laid off between April and September. One hundred of those employees are based in Peoria.”
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Jupitermedia finalizes sale of Jupiterimages to Getty Images and changes name to WebMediaBrands
Last October, Jupitermedia Corporation (NASDAQ: JUPM) announced that it had reached a deal to sell its JupiterImages division for $96 million to Getty Images. The company has today announced that it has completed the sale. In connection with the Sale, Jupitermedia terminated its Credit Agreement with KeyBank National Association ("KeyBank") and applied approximately $82 million of the proceeds from the Sale to repay all outstanding indebtedness. Jupitermedia’s existing interest rate swap arrangement with KeyBank will remain outstanding.
