New Acquisitions

Posted on 8/6/1996 by Jim Pickerell | Printable Version | Comments (0)

Getty Communications Group Limited has announced the acquisition of the
London-based Hulton Deutsch Collection (The Hulton).

The Hulton is a photojournalism oriented collection and is one of the world's
two largest privately-owned sources of historical imagery. The other is
Bettmann Archive in New York, recently acquired by Corbis which is owned by Bill
Gates.

The Hulton will be run alongside the leading commercial stock photography
library Tony Stone Images as a separate division of Getty Communications.
Following the acquisition, The Hulton will be renamed "The Hulton Getty Picture
Collection."

The Hulton has a treasured collection of over 10 million pictures, many world
famous, as well as historical images from agencies such as Picture Post and
Keystone Press. The Hulton owns major works by photographers including Man Ray,
Bill Brandt, Alfred Eisenstadt and Robert Capa. The collection is widely used
by newspapers, books, magazine and electronic media publishers, as well as
advertising, design and sales promotion companies.

Getty Communications will perserve the integrity of the collection while
introducing the marketing skills and techniques which have proved successful at
Tony Stone Images. Getty Communications international network of offices will
make the Hulton collection more accessible around the world.

Simon Thornley, currently Managing Director of Tony Stone Images, will join The
Hulton Getty Picture Collection as Managing Director. His responsibilities at
Tony Stone Images will be taken over by existing directors.

Mark Getty, Joint Chairman of Getty Communications, said: "We are committed to
building a major international business as providers of high quality visual
content. The Hulton will enhance our ability to satisfy the growing demand for
imagery which is being accelerated by developments in global communications. It
will also benefit from the expertise which has made Tony Stone Images the world
leader in stock photograpy."

Jonathan Klein, Joint Chairman of Getty Communications, commented, "The
addition of an archival division to Getty Communications represents enormous
opportunities for all involved - The Hulton, Tony Stone Images and our
customers."

Getty Communications, formed by Mark Getty and Jonathan Klein in March 1995, is
controlled by Getty family interests and includes RIT Capital Partners Plc and
Hambro Group as shareholders.


Index Buys Southern Stock

August 6, 1996 -

Index Stock, of New York and Southern Stock of Fort Lauderdale, FL will combine
operations with the Southern Stock file of approximately 200,000 images being
relocated in New York.

Southern Stock saw this as an opportunity to gain immediate exposure though
Index's electronic sites on The Picture Exchange, CompuServe, PressLink,
Homework Helper and The Electric Library as well as Index's CD-ROM discs and
print catalogs.

Southern Stock will have substantial representation in Index's Catalog #14.
Eighty thousand copies of this catalog will be distributed in a few months
throughout the U.S. and in 34 foreign countries. Index presently makes 40% of
their revenue from foreign distribution and 70% of total income is from their
print catalogs.

Southern's president, Edward Slater, will become Index's Southern Regional
Director of Photography with primary responsibilities for recruiting new
photographic talent. He will also be available to give technical advice and
guidance to current photographers.

In March we reported that Index had acquired Profiles West, formerly in Buena
Vista, Colorado. Former Profiles West president Allen Russell is now Index's
West Coast Director of Photography operating out of San Francisco.

Don't be surprised to see more acquisitions.


Copyright © 1996 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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