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Yesterday, Shutterstock paid $33 million in cash to acquire London-based Rex Features
In the technology section of its website Crain’s New York Business
says, “The purchase of Rex puts Shutterstock in direct competition with Getty Images for a share of the editorial stock photography market, and ends long-held speculation that Shutterstock was looking to knock off its London rival.”
Will Adobe offer a tool that makes it possible for its Illustrator and InDesign customers to discover if the images they find on microstock sites (particularly Shutterstock or iStock) are also available at Fotolia where they can be purchased for much less?
Adobe has announced that it has entered into a definitive agreement to acquire privately-held Fotolia
for approximately $800 million in cash. Fotolia will be integrated into Adobe Creative Cloud
, providing current and future Creative Cloud members with the ability to access and purchase over 34 million images and videos.
There are widespread rumors that, in an effort to get out from under some of its crushing debt, Getty
hopes to sell its Editorial Division early in 2015. It has been reported that Q3 2014 sales for this segment of their business was about $65 million up 21% year-on-year. Editorial represents about 30% of the company’s gross revenue.
Last week Taylor Davidson published a list of 86 acquisitions and IPOs
in the imaging industry from 2004 to today. Included in his report are a lot of social media acquisitions that are probably of minor interest to my reader. In addition he left out a number of stock agency acquisition, many of which I believe are significant.
Image Makers Stock Photography, Art & Illustration
is looking for expressions of interest in purchasing the agency’s inventory which consists of 32,230 tightly-edited and extensively-keyworded digital images. Currently there are 172 individual artists, photographers & illustrators under contract.
Carlyle Group should be trying to sell Getty’s Midstock division (iStock, Thinkstock and Photos.com) to Shutterstock before the value of that segment of Getty’s business collapses. Carlyle should recognize by now that Getty Images has been a bad investment. It is the time to cut losses.
has entered into a definitive agreement to acquire WebDAM
, a leading provider of web-based digital asset management software.
, one of the leading international photo libraries representing 5,500 contributors worldwide and representing over 15 million images, today announced that it had completed the purchase of The Data Archive/Construction Photography
, a digital asset management software developer and a specialist photography and licensing company.
Design Pics Inc
. has announced the acquisition of AgStock Images, a California based photo agency specializing in agricultural photography. Founded in 1996 by Ed Young, AgstockImages.com
is a comprehensive library of worldwide agricultural photography, representing over 115 leading agriculture, produce, livestock, entomology, botany and plant pathology photographers, including photographers who are also professors and researchers across the United States, Canada, Europe and South America.
Yuri Arcurs has written a long post
entitled “Microstock sees its first major setback in 6 years and here’s why
.” In it he explains (1) why he is pulling his images out of all microstock agencies except iStockphoto and his own Peopleimages.com, (2) why he decided to go exclusive with Getty, (3) why mobile, crowd sourced photography is “a serious threat to stock photography” and (4) why he has invested $1.4 million in Scoopshot. This article is a must read for everyone in the industry.
. has acquired the assets of Pixmac, a leading stock imagery network based in the Czech Republic. With millions of stock photos and illustrations distributed in 17 languages and in multiple currencies, the acquisition of Pixmac accelerates Pond5’s strategy to offer a global marketplace where media makers can connect with fellow artists.
Axiom Photographic Agency Limited
ceased trading on September 20, 2012, and was subsequently placed into Voluntary Liquidation at a meeting of the shareholders on October 23, 2012 due to its inability to meet its obligations to creditors. The Liquidator subsequently accepted an offer presented by Design Pics Inc.
, to purchase the assets of Axiom Photographic, which became effective October 25, 2012.
and Cultura Creative
today announced the merger of their businesses, two of the most respected brands in premium quality stock photography in the world. The new business which will operate under the Image Source Group umbrella come together in an exciting deal that on day one will have over a quarter of a million premium images under their collective management and a production power house capable of generating both quality and volume of content going forward.
Design Pics Inc.
, headquartered in Edmonton, Canada, has acquired Alaska Stock
, an Anchorage based photo agency, effective October 1, 2012. The agency was originally founded in 1990 by Jeff Schultz and has became known as “the place” to find quality images of Alaska, and more specifically, Alaska-themed images such as adventure, wildlife, winter lifestyles, and recreation.
Shutterstock Inc has announced that it plans to sell 4.5 million shares in its initial public offering at between $13 and $15 each. This block of shares would represent about 14% of its total shares outstanding.
The Carlyle Group (NASDAQ: CG
) and Getty Images management announced today they have formed a partnership to acquire Getty Images, Inc., from Hellman & Friedman for $3.3 billion. Carlyle will acquire slightly over 50% of the company. Getty Images Co-Founder and Chairman Mark Getty and the Getty family will roll substantially all of their ownership interests into the transaction. CEO and co-founder Jonathan Klein will also invest equity in the company.
Photononstop Group, based in Paris, announces the purchase of 100% of the shares in
, France’s leading stock agency specialized in Nature, Garden and Environment Photography. The Biosphoto collection contains 2.5 million photos and 20,000 videos. The terms of the acquisition were not disclosed.
The stock photo industry seems to be going through another round of acquisitions and consolidations as owners of small, niche agencies find it difficult to compete in today’s market where there is a glut of supply, relatively flat demand and declining prices. Many agency owners are looking for ways to retire or move onto something else. I regularly get request asking “What is my company worth?”
On July 12, 2012, the dapd media holding AG, via its French subsidiary Sipa News, took over the French service of Associated Press (AP). After Sipa Press and Diora News, this is the third company dapd has taken over in France. This takeover makes dapd the largest agency partner of AP worldwide. The parties have agreed not to disclose the purchase price.
Jacksonville, FL based SuperStock
has acquired Seattle based Science Faction Images
. The 40,000 tightly edited high-end science and high technology images in the Science Faction collection will allow SuperStock to “better serve our clients in publishing and advertising,” according to Lanny Ziering, CEO of SuperStock.
At least five private equity firms are bidding to buy Getty Images
from Hellman & Freedman (H&F) in a leveraged buyout worth an estimated $4 billion.
Universal Images Group
(UIG), owned by industry veteran George Sinclair (also the founder of the Virtual Picture Desk in 2002 and co-author of Britannica’s Image Quest), has acquired the business rights and digital library of the MyLoupe
and the Ad Stock Images
just received $150 million growth investment and Shutterstock
will have over $100 million from an IPO soon. What will they do with the money? Check out this story to see what we were able to glean from Shutterstock's S-1 filing with the Securities and Exchange Commission and from other industry sources.
Hellman & Friedman, the owners of Getty Images Inc, have retained Goldman Sachs Group Inc and JPMorgan Chase & Co to examine a possible sale or public offering of the business. According to press reports a sale or IPO could value Getty Images at $4 billion. This move follows announcements last week by Shutterstock
. Shutterstock hopes to raise $115 million in its IPO and Fotolia received a $150 million growth investment from Kohlberg Kravis Roberts & Co. for a 50% stake in the company