This edition includes the following stories: Getty Launches 'Orchard' An Assignment Photography Division; Advertising Growth; Warren Buffet Condemns Newspaper Business As Investment; Global Internet Advertising Forecast To Grow 21% For Each Of Next Five Years; Images In Getty Collection; Digital Camera Growth; Getty To Acquire Princess Diana Collection; Direamstime Reports New Numbers; German Stock Photography Market; VPD To Use Digital Railroad; and Aurora Select Launched.
On a recent trip to China I interviewed a number of photographers and stock agents. This story provides a perspective on where the stock photo industry in China is today and offers some predictions for the future.
Jupitermedia Corporation had revenues of $34.8 million for the quarter ending December 31, 2006 exceeding the guidance it had given of $33 to $34 million. Revenue was up almost $1 million from the previous quarter and up 5% from $33.2 million in the same quarter in 2005. Total revenues for all of 2006 were $137.530 million and the Online Image division revenues were $106.636 million.
The discussions between Getty Images and Jupitermedia about Getty's possible acquisition of the smaller company have been terminated and each company will go its separate ways. This has made many in the industry very happy.
Included in this group of releases are: Getty Acquires Scoopt; Ressmeyer Resigns As PACA President; Alamy Exceeds 8 Million Images; Hughes Launches Equity Images; age fotostock Renovates Website; Eyecandy Launches E-Commerce Website; Warner Bros. Footage Available At Gettyimages and Photos Horticultural Launches Website.
Included in this edition are: Getty In Talks To Acquire Jupiter; Getty Acquires Wireimage; 2007 Image Buyer Survey; Revenue Growth; Will Flickr Sell Stock Images?; Internet Ad Spending; Pricing Internet Uses; Getty Reports 2006 Results and much more.
Included in this group of releases are: Getty Acquires Michael Ochs Archive; Dreamstime.com Offers Professional Insight In New Community Blog; Image Source Makes Fast Growth Award Shortlist; Photononstop Has Successful Year; A21 Appoints VP Sales and Marketing; VPD Relocates and Hires Staff and Getty Announces Editorial Photography Grant Winners For 2007.
Getty Images, Inc. has announced that it has entered into an agreement to purchase WireImage, a leading creator of entertainment and event imagery, for approximately $200 million in cash. The deal also will include MediaVast, Inc. the owner of WireImage, and sub-brands FilmMagic and Contour Photos.
The New York Post reported today that Getty Images, Inc. is in advanced talks to acquire Jupitermedia Corporation for an estimated price of $450 million. The Post said that Getty officials have been meeting with Jupitermedia CEO Alan Meckler and conducting due diligence away from Jupiter's Darien, Connecticut-based headquarters in order to avoid alarming employees. Meckler declined to comment, and a spokeswoman for Getty did not return calls for comment.
Corbis has announced that its total revenues for 2006 were more than $251 million, up a little over 10% from the $228 million in reported at the end of 2005. The company's growth was almost exactly the same as that of Getty although very slightly higher by a few hundredths of a percentage point.