Is SilverHub Media Closing After Less Than Two Years? SEE CORRECTION

Posted on 11/17/2017 by Jim Pickerell | Printable Version | Comments (0)

Correction: It has been called to my attention that the following story is incorrect and that there was an additional filing with Companies House on 11/15/2017 that reversed the earlier filing. To see that filing go to www.companieshouse.co.uk and search for filing 09912428. I apologize for supplying incorrect information.

SilverHub Media is an editorial agency launched in 2016 by long time Getty senior executive Nick Evans-Lomb and Adrian Murrell. On 11/14/2017 Companies House in the UK announced that SilverHub Media will be dissolved within 2 months “unless cause is shown to the contrary.” Rumors have it that SilverHub is saying this was an administrative error.

A year ago the editorial agency Splash was sold to SilverHub and shortly after Shutterstock did an exclusive deal with SilverHub.

Shortly after Splash being sold to SilverHub, Getty Images was granted a temporary restraining order against Roxanne Motamedi, it’s former VP of Global Entertainment, because Getty believed she was taking her expertise and her contacts to SilverHub which was effectively to Splash and Shutterstock.

Rumor also has it that the Getty lawsuit against SilverHub has been settled for over $2 million. Splash is expected to continue, as part of Shutterstock, but earlier today two UK Splash employees were let go. In addition, I understand that a number of the Los Angeles Splash staff are being flown to the UK for discussions. A more extensive announcement is likely either this weekend, or during thanksgiving week.


Copyright © 2017 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-251-0720, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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