Koch Industries Invests $500 Million In Getty Images

Posted on 11/28/2018 by Jim Pickerell | Printable Version | Comments (1)

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.

The Koch Equity Development investment allows the Getty family to retain control of its namesake company. In September the Getty family acquired 51% controlling interest that had been held by private equity firm the Carlyle Group.

The Getty family said in a news release Koch won’t have input into the company’s content or editorial coverage.

It’s hard to tell what Kock expects to get for its $500 million since Getty does not seem to be growing, or have much of a chance to grow, and has about $2.367 billion in debt. At the very least the Kock money should help Getty pay off some of its debt.

On the other hand, Koch Industries has huge profits that they must reinvest somewhere. Since 2003, Koch companies have invested more than $80 billion in acquisitions and other capital expenditures.

The Getty investment is the second by Koch Equity Development in a media company. Last year the company provided $650 million to magazine and broadcasting company Meredith in its $1.8 billion acquisition of Time Inc.

“In September we announced my family were resuming control of Getty Images — a business that bears our name and one that we fervently believe in,” Mark Getty, co-founder and chairman, said in the release. “KED demonstrated they share a belief in Getty Images, a long-term outlook and focus on growth.”

Brett Watson, senior managing director and head of principal investments for Koch Equity Development, said it’s a chance to invest in a company that’s a “proven market leader” and has a “attractive business model.”

“Getty Images is one of those rare opportunities and we look forward to participating in the company’s sustained growth,” Watson said in the release.

A Koch Industries spokeswoman said Tuesday the company wouldn’t comment beyond the release.

Copyright © 2018 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  


  • Marcel Pirosca Posted Nov 28, 2018
    I see a lot of investments in media companies. To me, the Kochs probably try to expand their influence on American media, for political reasons.

Post Comment

Please log in or create an account to post comments.

Stay Connected

Sign up to receive email notification when new stories are posted.

Follow Us

Free Stuff

Stock Photo Pricing: The Future
In the last two years I have written a lot about stock photo pricing and its downward slide. If you have time over the holidays you may want to review some of these stories as you plan your strategy ...
Read More
Future Of Stock Photography
If you’re a photographer that counts on the licensing of stock images to provide a portion of your annual income the following are a few stories you should read. In the past decade stock photography ...
Read More
Blockchain Stories
The opening session at this year’s CEPIC Congress in Berlin on May 30, 2018 is entitled “Can Blockchain be applied to the Photo Industry?” For those who would like to know more about the existing blo...
Read More
2017 Stories Worth Reviewing
The following are links to some 2017 and early 2018 stories that might be worth reviewing as we move into the new year.
Read More
Stories Related To Stock Photo Pricing
The following are links to stories that deal with stock photo pricing trends. Probably the biggest problem the industry has faced in recent years has been the steady decline in prices for the use of ...
Read More
Stock Photo Prices: The Future
This story is FREE. Feel free to pass it along to anyone interested in licensing their work as stock photography. On October 23rd at the DMLA 2017 Conference in New York there will be a panel discuss...
Read More
Important Stock Photo Industry Issues
Here are links to recent stories that deal with three major issues for the stock photo industry – Revenue Growth Potential, Setting Bottom Line On Pricing and Future Production Sources.
Read More
Recent Stories – Summer 2016
If you’ve been shooting all summer and haven’t had time to keep up with your reading here are links to a few stories you might want to check out as we move into the fall. To begin, be sure to complet...
Read More
Corbis Acquisition by VCG/Getty Images
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 Gett...
Read More
Finding The Right Image
Many think search will be solved with better Metadata. While metadata is important, there are limits to how far it can take the customer toward finding the right piece of content. This story provides...
Read More

More from Free Stuff