Acquisitions

Koch Industries Invests $500 Million In Getty Images

By Jim Pickerell | 316 Words | Posted 11/28/2018 | Comments
Koch Equity Development is expected to make a $500 million, non-controlling investment in Getty Images. Getty says the equity investment is expected to close by the end of this year.

Action Press Independent Again

By Jim Pickerell | 93 Words | Posted 9/26/2018 | Comments
Action Press, one of Germany's leading press photo agencies based in Hamburg since 1970, is again independent and privately owned. Ulli Michel, longtime managing director, used the management buy-out option and bought action press out of the SilverHub UK bankruptcy estate.

Carlyle Out: Getty Images Back In Getty Family Hands

By Jim Pickerell | 168 Words | Posted 9/4/2018 | Comments
The Getty family is acquiring all of the Carlyle Groups 51% equity stake in Getty Images for about $250 million and rolling over about $2.35 billion of outstanding debt. The deal gives Getty Images an enterprise value of under $3 billion compared to $3.3 billion in 2012 when Carlyle acquired a majority stake in Getty. At that time Carlyle invested about $500 million in the company. It is believed that the Getty family has ended up owning a significant portion of the debt.

Blend Images Being Absorbed By Tetra

By Jim Pickerell | 1368 Words | Posted 8/29/2018 | Comments
Blend Images photographers have been notified that Tetra Images has acquired the Contributor Contracts, Distribution agreements and the Blend trademark. Tetra has securely obtained all banking data from Blend and will be mailing the first pdf royalty statements for August sales by email at the end of September. Payment for August sales will be made October 1, 2018. Blend has invoiced all licenses through July 2018 and will be paying out royalties until October, or presumably until all the licenses have been collected.

Globe Photos Resurrected As Fine Art Offering

By Jim Pickerell | 475 Words | Posted 7/5/2018 | Comments
From the 1940s through the 80s and 90s Globe Photos, Inc. was widely regarded by newspapers and magazines as a leading source for celebrity images. As other competitors entered the market Globe’s popularity faded, but they still have photographers covering red carpet events on a daily basis in Hollywood and New York. In recent years Globe Photos was one of 12 archives acquired by Capital Art, Inc., the world’s largest pop culture and image licensing company with more than 15 million images of every movie and entertainment celebrity of the 20th century.

VCG Closes 500px Marketplace: Abandons Creative Commons

By Jim Pickerell | 448 Words | Posted 7/2/2018 | Comments
On Saturday Visual China Group (VCG) shut down 500px Marketplace and replaced it with a distribution partnership arrangement. China users will be able to license the images through VCG who acquired 500px earlier this year. Getty Images will handle all licensing in the rest of the world.

Lebrecht Photo Library Acquired By Bridgeman

By Jim Pickerell | 256 Words | Posted 5/22/2018 | Comments
Bridgeman has announced the acquisition of Lebrecht Photo Library, the world’s largest image bank for music and related arts, with a collection of over 400,000 specialist images. Lebrecht is the world's most comprehensive image bank for every kind of music ever created  - classical music, jazz, opera, rock music, musical instruments, notation, Broadway musicals, dance and ballet. It also has an extensive archive for literature and historical personalities.

Image Source Partners With Luxy Images

By Jim Pickerell | 313 Words | Posted 4/16/2018 | Comments
Image Source has announced a new strategic partnership with high end brand, Luxy Images to deliver a bespoke (customized) image service direct to clients in Europe at www.imagesource.com.

500px Marketplace In Transition

By Jim Pickerell | 456 Words | Posted 3/30/2018 | Comments
Now that 500px has been sold to VCG it appears that the 500px Marketplace is in transition. Major contributors to Marketplace are receiving notices that their agreements will be terminated effective June 27, 2018. It is not clear that Marketplace will cease all licensing of imagery at that time, but that appears to be the case.

VCG Acquires 500px

By Jim Pickerell | 522 Words | Posted 2/26/2018 | Comments
Visual China Group (VCG) announced on Monday, February 26th that it has acquired 100% of 500PX, INC. (500px) shares through its wholly-owned subsidiary, VCG Hong Kong LTD. 500px is one of the leading online visual creative communities in the world, founded in 2009 and based in Toronto, Canada. With more than 13 million professional and hobbyist photographers from over 195 countries and regions, the 500px community has produced over 120 million unique images diversity and creative trend. 500px is renowned globally for its community, image licensing, and custom photography.

Shutterstock Invests In ZCool, Sells Webdam

By Jim Pickerell | 357 Words | Posted 2/22/2018 | Comments
Shutterstock, Inc. has announced that on January 4, 2018, the Company invested $15.0 million in convertible preferred shares issued by Zcool Network Technology Limited ("Zcoolto”). Zcool's primary business is the operation of an e-commerce platform in China whereby customers can pay to license content contributed by creative professionals. The platform has nearly six million registered users. Zcool has been the exclusive distributor of Shutterstock creative content in China since 2014.

Anthony Harris Leaves Image Source: Christina Vaughan Returns As CEO

By Jim Pickerell | 268 Words | Posted 2/8/2018 | Comments
As of January 31st Anthony Harris has stepped down as CEO of Image Source and Christina Vaughan has returned to the CEO position. In 2015 Christina turned over her leadership of Image Source to Mr. Harris, but remained a small shareholder. She moved to the position of CEO at CueSongs, and oversaw the initial deployment and beta testing of the new CuePro platform, which won the Technology Strategy Board competition in 2014 and received a substantial grant to develop its “Frictionless Music Licensing for Online Broadcast”.

IPA, Independent Photo Agency Acquires Photofoyer

By Jim Pickerell | 92 Words | Posted 2/8/2018 | Comments
IPA, Independent Photo Agency, one of the most important Italian photo agencies, has announced the acquisition of Photofoyer, which specializes in interior design and architecture photography. The purpose of the acquisition is to start a strategic project for the expansion of IPA’s creative sector, increasing its operations both at the European and extra-European context.

TT News Acquires IBL

By Jim Pickerell | 296 Words | Posted 11/21/2017 | Comments
The TT News Agency in Sweden has acquired IBL. Since its inception in the 1960s IBL has enjoyed a solid market position, in Sweden as well as internationally. Daily newspapers, weekly press, magazines and book publishers are the company’s main clients.

Shutterstock to Acquire Flashstock

By Jim Pickerell | 766 Words | Posted 6/28/2017 | Comments
Shutterstock, Inc. has signed a definitive agreement to acquire Flashstock Technology, Inc., a Toronto based company that enables the efficient creation of custom visual content through its proprietary platform, for approximately $50 million cash. Flashstock has a fast growing customer base of enterprise marketers seeking on-brand content to feed the ever growing visual demands of multiple marketing channels. By integrating Flashstock into its product offerings, Shutterstock will be able to offer a high-quality custom content product to its 1.7 million customers. The transaction is expected to close in July 2017.

Topic Images Acquired By PIXTA

By Jim Pickerell | 342 Words | Posted 3/30/2017 | Comments
PIXTA Inc. in Japan has acquired 80% of the outstanding stock of Topic Images Inc. of Korea from its parent companies, NEWSIS Co., Ltd. and NEWS1 Co., Ltd. for 130 million JPY ($1,164,780). The transaction took place on Feb 24, 2017. Topic has been selling high-priced stock images mainly in Korea, producing many of them by itself.  Topic is now a subsidiary of PIXTA and will receive PIXTA’s strong support for its business operation. However, Topic is continuously conducting its own business as an existing company.

Visual China Group Investors Dump Stock

By Jim Pickerell | 246 Words | Posted 12/14/2016 | Comments
Visual China Group the company that acquired Corbis in January 2016 has seen a more than 50% decline in value as an investment since the purchase and a 20% decline in the last month. VCG is a publicly traded company on the Shenzhen Stock Exchange.

Splash Sold Again

By Jim Pickerell | 228 Words | Posted 12/2/2016 | Comments
Celebrity photo agency Splash News was sold to Corbis in 2011 and has now been acquired by SilverHub Media. SilverHub Media recently did an exclusive deal with Shutterstock for worldwide representation of the images in its collection. Thus, the Splash images should now be available through Shutterstock.

China Seeking Hollywood Takeover

By Jim Pickerell | 203 Words | Posted 8/24/2016 | Comments
According to Reuters China’s richest man, Wang Jianlin, is stepping up his push to take over one of the major Hollywood studios.

Celebrity Photo Agency For Sale

By Jim Pickerell | 221 Words | Posted 8/11/2016 | Comments
A US-based celebrity photo agency is currently looking for a buyer interested in taking over its operations or acquiring its archives. Founded in 2003 by a music photographer, the company has established reputable and strong relationships with publications, artists and publicists. With just one highly motivated owner who wishes to retire, it is profitable, has no debt and is reasonably priced. A buyer could either manage the company as an independent archive or integrate the archive (1.4 Million images, fully captioned in English) to its own collection.

Imaginechina Acquired By Bytedance

By Jim Pickerell | 184 Words | Posted 8/1/2016 | Comments
Imaginechina has been acquired by Bytedance, a digital tech company based in Beijing. The stock agency will continue to operate independently as a photo, video and commercial licensing agency serving editorial media, advertisers, creative agencies and brands, in China, Hong Kong and Taiwan.

StockFood Now Part Of Hubert Burda Media

By Jim Pickerell | 338 Words | Posted 6/16/2016 | Comments
Munich-based StockFood GmbH is now part of Hubert Burda Media´s network. StockFood is one of Germany’s most respected photo agencies. As market leader, it carries works by more than 1,000 food photographers from around the world. StockFood will retain its current workforce and its independence as a company. Hubert Burda Media is one of Germany´s largest media companies and market leader in food media.

Corbis Contributors Released From Contracts

By Jim Pickerell | 364 Words | Posted 5/3/2016 | Comments
Corbis contributors have received the following information relating to the release from their contracts from Corbis & Unity Glory/VCG, the Chinese company that purchased Corbis.

Corbis Transition Almost Complete

By Jim Pickerell | 600 Words | Posted 4/28/2016 | Comments
Getty has supplied Corbis contributors with the information below. For many the most important information is that after May 2nd Corbis contributors who have not signed a separate agreement with Getty Images will be released from their contributor contracts and all survival periods will be waived.

Corbis Acquisition by VCG/Getty Images

By Jim Pickerell | 139 Words | Posted 4/15/2016 | Comments
This story provides links to several stories that relate to the Visual China Group (VCG) acquisition of Corbis and the role Getty Images has been assigned in the transfer of Corbis assets to the Getty Images collection. Getty’s collection was marketed in China by VCG before the sale. The new enlarged collection with the addition of some Corbis images will continue to be marketed in China by VCG.