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Getty Says Merger May Not Happen Until Q3
Getty Images reported a decline in profits for the first quarter, and now says its expected sale to a private equity firm may happen in the third quarter.
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LuckyOliver Founder Cites Lost Momentum In Shutting Site
LuckyOliver is one of several smaller micropayment stock imagery sites that emerged in the last two or three years. Facing a shortage of funds, it will shut down May 15.
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Getty Could Still Accept Better Merger Offer
A mystery company identified as "Strategic Party C" still has until April 4 to make a bid for Getty. Google, Adobe, News Corporation and Sony are among those mentioned. (Updated.)
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Getty: iStockphoto Sales Could Total $262M In 2012
Getty Images's iStockphoto is already growing on a massive scale, according to figures made public Thursday. Meanwhile, Getty expects traditional stock licensing to fall 25 percent by 2012.
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Jupitermedia: Record Revenues, Concern About Economy
The stock image distributor reported revenue of $140 million in 2007 and offered a conservative forecast for the first part of 2008.
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Stock Tips: News From Photo Agencies
Jupitermedia misses another financial report, Fotolia's Infinite Collection adds a new partner, PACA remembers Kinne, plus lots of deals and partnerships.
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Q&A: Jonathan Klein On The Getty Sale
The Getty Images CEO says this deal means continuity for employees and photographers. Klein says he is remaining with the company and does not anticipate any staff cuts.
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Getty Images Board OKs Private Equity Sale
Under the proposed deal, Getty will be acquired by Hellman & Friedman, a private equity firm with expertise in media investments, for about $2.4 billion.
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Citing Slow Economy, Masterfile Cuts 30 Jobs
Company president Steve Pigeon says his stock agency has noticed a slowdown in ad business that may be related to a recession. Most of the layoffs were production staff.
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Is $7 The Magic Number For Microstock?
As Corbis readies its first marketing push for SnapVillage, its unique variable prices are averaging about $7 per image -- just as competing sites are raising prices to $5 to $10.
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Report: Getty Images Unlikely To Be Sold
No one has bid higher than Getty's $1.6 million market cap, making a sale unlikely, The New York Times reported Monday.
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Stock Tips: News From Photo Agencies
An update on Photolibrary's work cleaning up the Index Stock mess, new pricing at Fotolia, Dreamstime offers a new editorial license, and more deals and announcements.
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Adobe Stock Photos Gets The Ax
Adobe says it will discontinue its stock photo service, which was part of the Creative Suite software, on April 1.
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Getty Reports Annual Revenue Of $858 Million
CEO Jonathan Klein says Getty's top priority is to stabilize its creative stills business, which has suffered from declining volumes and prices.
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Getty Says It Is Exploring "Strategic Alternatives"
The stock photo agency issued a statement after a report Monday that the company is for sale.
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Report: Getty Images For Sale
The New York Times, citing unnamed sources, said the world's biggest stock imagery company could fetch more than $1.5 billion, and potential buyers include private equity firms.
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Stock Tips: News From Photo Agencies
Corbis and Amana in a distribution deal, Blend Images adopts rights-ready model, LGBT stock library launched, plus other deals and announcements.
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Corbis Tries To Patent A New Stock Pricing Model
Corbis has developed a new way of pricing RF stock images that could automatically adjust prices based on production costs, popularity - even the weather.
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Stock Tips: News From Photo Agencies
Trying to crack the mystery of Fotolia's new higher-priced RF collection, PicScout service gives free images to bloggers, plus more deals and launches.
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