More and more investment analysts are calling to ask my opinions on where Getty's is headed. What's the company's potential? I think Getty has some difficult challenges ahead. This story explains in detail what I think they are.
These press releases include: Index Stock Forms Alliance with Polfoto of Denmark and Bruno Press of the Netherlands; Inmagine Represents 1 Million RF Images; Media Bakery Offers Visual Search; Pepper Stark Consultancy; Aurora Launches Outdoor Collection; Spencer Images; Jupitermedia Puts Graphic Design Magazines Online and Kai Chiang To Leave SuperStock
Alamy recently provided its contributors with some figures for its operations during the first six months of 2005. They intend to provide the same type of information on a quarterly basis going forward. The figures provide some interesting insights into where their business is heading.
Jupitermedia Corp. has agreed to sell its Search Engine Strategies trade shows and its ClickZ.com Network of web sites, for $43 million in cash to Incisive Media plc of London in order to redeploy assets to its JupiterImages. Also announced was Q2 2005 revenues of $33.8 million up from $17.8 million and an 89% increase from the same period in 2004.
Many investment analysts remain very bullish on Getty Images and expect continued growth. I'm not so sure. Recently Credit Suisse First Boston outlined the key points on which their investment thesis centers. In this story I've explained some of the reasons I have some reservations.
Short items in this edition include: Corbis Partners with European Pressphoto Agency; Hughes Out At ImageState; PictureArts Staff Receives Windfall; Alamy Reaches Three Million Images; Sales Positions At Major Agencies; Consolidation In Magazine Publishing; Bystander Photojournalism, Another Threat To The Professional; ASMP Investigates Mira; and Retrofile Sold To Getty
In the following article Ethan G. Salwen a San Francisco-based photojournalist, writer and national board member of ASPP takes a hard look at Adobe Creative Suite 2 and Adobe Bridge. The article explores why Adobe's decision to become a seller of stock imagery delights some creative professionals, scares the hell out of others, and what the future may bring.
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.