According to Tech Crunch
Getty Images has acquired competitor
The Photolibrary Group. Terms of the acquisition were not disclosed and as of this writing no additional information is available on the Getty web site.
Photolibrary Group was founded in 1967, is headquartered in Sydney, Australia and has offices in the United Kingdom (London), the USA (New
York), Australia (Sydney and Melbourne), Singapore, India, Malaysia, the
Philippines, Thailand, New Zealand and the United Arab Emirates. The acquisition provides Getty with a broad range of specialist and regional content including collections like
Peter Arnold and
Oxford Scientific.
Photolibrary has over 10 million image, footage and music files. Its content will be licensed through Getty Images’ global distribution platform. Photolibrary’s presence in India, the Middle East and Southeast Asia will also make it possible for Getty Images to expand its products and services to customers in those regions.
"As worldwide demand for imagery across multiple channels and platforms continues to increase, we are delighted to offer Photolibrary's content to our customers," said Jonathan Klein, Getty Images' co-founder and Chief Executive Officer. "The need for both local and global content remains strong across South East Asia, as the region continues to develop and grow. This acquisition will further enhance our ability to better serve customers in the region and around the world, with a greater choice of content."
Glenn Parker, Group CEO Photolibrary added: "This acquisition is a testament to Photolibrary's content and global presence. Getty Images will build upon our complementary geographic presence, expand the reach for Photolibrary imagery into new markets and improve the experience for our collective customers."