Getty CEO Outlines Key Company Goals

By Jim Pickerell | 477 Words | Posted 8/7/2007 | Comments
During his recent conference call, Jonathan Klein, CEO of Getty Images, outlined a number of priorities for the company – getting units licensed and revenue stable tops the list.

Digital Railroad Expands Collection

By Julia Dudnik Stern | 77 Words | Posted 8/6/2007 | Comments

Alamy Revamps Search

By Julia Dudnik Stern | 293 Words | Posted 8/6/2007 | Comments
Alamy has launched a new search engine. It was developed to support collection growth and provide the platform for upcoming new tools and features. The company's goal is to give contributors greater control over how their images are indexed.

DropWaterMark Adds Non-Visual Options

By Julia Dudnik Stern | 66 Words | Posted 8/3/2007 | Comments

SnapVillage Catches Up With Backlog

By Julia Dudnik Stern | 60 Words | Posted 8/3/2007 | Comments

Stock Index Online Launches Meta Search Engine

By Julia Dudnik Stern | 328 Words | Posted 8/3/2007 | Comments
Stock Index Online has announced the addition of SEARCH for Specialist Stock, an aggregator image-search engine, to stockindexonline.com. The parent company of the Stock Index brand, The Publishing Factory, has positioned SEARCH as the alternative to "a business controlled by the two Gs: Google and Getty."

iStock's Reveals Customer Profile

By Jim Pickerell | 108 Words | Posted 8/3/2007 | Comments

Getty CEO Moves to New York

By Jim Pickerell | 214 Words | Posted 8/3/2007 | Comments
Getty Images CEO, Jonathan Klein, intends to operate out of New York for about a year beginning in September. The rest of the executive team, with the exception of a soon to be names senior vice president of marketing, will remain in the Seattle headquarters.

Investors Punish Getty Images

By Jim Pickerell | 397 Words | Posted 8/3/2007 | Comments
Investors punished Getty Images in the first day after its announcement of its Q2 2007 results. The stock dropped 19.4% to $36.14 from its previous close of $44.84. If we go back two years to November 2005 when the stock price hit its peak in the mid-$90s, we see a steady decline. There are big drops almost every time Getty has made a quarterly announcement. A chart of the stock price over five years looks like a climb of Mount Everest, reaching the peak in November 2005 and now almost returning to the bottom again.

Getty Q2 2007 Results Disappointing

By Jim Pickerell | 533 Words | Posted 8/3/2007 | Comments
Getty Images reported revenue for Q2 2007 of $218 million, up from $204.8 million in Q2 2006 and $212.6 million in Q1 2007. Net income for the quarter was $33.7 million, with earnings per diluted share of $0.56. This compared to $23.2 million or $0.37 per share in the second quarter of 2006, but was down from $38 million or $0.63 per share in Q1 2007.

About Michael Masterson

Michael Masterson has a broad range of experience in marketing, business development, strategic planning, contact negotiations and recruiting in the photography, graphic design and publishing industries. In addition to his long experience at the Workbook and Workbookstock, Masterson owned and was creative director of his own graphic design firm for several years.

Masterson has been a speaker or panelist at industry events such as Seybold, PhotoPlus Expo, Visual Connections and the Picture Archive Council of America (PACA) national conference. He is currently the national president of the American Society of Picture Professionals (ASPP). He also serves on the board of the Silver Lake Neighborhood Council in his Los Angeles community. He chaired the marketing committee for the Los Angeles Conservancy, a historic preservation advocacy group, for many years.

He currently heads Masterson Consulting, working on projects ranging from business development for creative companies and sourcing talent for them to promoting and marketing industry events as well as providing resume and professional profile services for job-seekers. He can be reached at zvpunryqznfgrefba@tznvy.pbz.