Getty Images has reported revenue for Q2 of 2005 of $185.3 million compared to $150.3 million for Q1 of 2004. Operating income for the second quarter of 2005 grew 39.3 percent to $55.5 million, or 30 percent of revenue, compared to $39.8 million, or 26.5 percent of revenue in the same quarter last year.
Corbis has launched "rf SHOP," a new royalty free website on corbis.com with almost 200,000 high quality RF images; signed numerous leading content partners including Jupiterimages, MedioImages, and Blend, and; acquired image100 in a major move to expand its position in the RF segment of the market.
Stories in this issue are: Getty's Acquisition of Digital Vision and Photonica Examined by Office of Fair Trading; Getty Applying Pressure On Suppliers; E-Data Suit Of Getty and Corbis Tossed; Proprietary RAW Formats; PicScout To Monitor Magazine Ads; and Browntrout Publishers Slow On Payment.
These press releases include: Pressens Bild and Scanpix of Sweden to Merge; Photononstop Opens Office In Spain; Photolibrary Group Acquires Garden Picture Library.
This issue contains: Where Is The Industry Headed, Klein Interview, Jupitermedia Reports Q1 Results, Ad21 Revenue Up, SuperStock Launches Purestock, Jupiter Acquires Goodshoot, Getty Acquires Photonic/Iconica, Getty Production In India, PicScout and Digimark Partner and Changes at Coleman UK and Coleman USA.
This release contains: Veer Announces New Shuttleboard Interactive Lightbox, PictureArts Expands with IBID Partnership, PictureArts Represents Untitled Collection, Imagefood In Czech Republic, Digital Railroad Raises $5.2 Million, ImageState Partners with Hachette Filipacchi Photos, Albers Named to SuperStock Board and Travel Photographers Network Sold by Nature Photographers Online Magazine.
Jupitermedia Corporation has announced a definitive agreement to acquire PictureArts Corporation for approximately $63.2 million in cash, subject to certain post-closing adjustments.
The acquistion includes PictureArts' quality brands: Brand X Pictures, FoodPix, Botanica and Nonstock, as well as its image distribution business. The transaction is expected to close during the third quarter of 2005.
On May 13th Jupitermedia announced to its shareholders that Getty Images had terminated its distributor agreements with Jupitermedia. Through its Creatas and PictureQuest divisions Jupiter had been representing Getty's PhotoDisc and Digital Vision RF brands and Getty on its www.gettyimages.com site had been representing Jupiter's Comstock and Thinkstock brands.
It's time to take a comprehensive look at the stock photo industry and where I think it is headed. The last few years have seen dramatic changes and more are still to come. The keys to success of five to ten years ago are totally outdated. Information you need to develop a business plan now.
With the mushrooming number of images available online and the growing number of portals picture researchers are discovering that their task of finding the right image is getting harder not easier. Punchstock, Digimark and Capture Desk are all offering new search tools.