Getty Images Completes Acquisition of Photolibrary
Thursday, June 02, 2011
Press release from the issuing company
NEW YORK, – Getty Images, a leading creator and distributor of visual content and other media, today announced that it has successfully completed the acquisition of Photolibrary, a leading provider of creative stills imagery. The acquisition was first announced on April 27, 2011 and will bring Photolibrary's renowned collections, including Peter Arnold and Oxford Scientific, to even more customers around the world.
"The demand for compelling creative content continues to increase around the world and it represents a vital part of the imagery industry. This acquisition positions us to meet and exceed our customers' demand for this unique content, across both the Asia Pacific region and globally," said Jonathan Klein, co-founder and CEO of Getty Images.
With the combined resources of Getty Images and Photolibrary, Getty Images will build upon their complementary geographic presence whilst making Photolibrary's content more widely available for global online distribution.
The acquisition was driven by customers' growing appetite for a greater choice of both local and global content. The content will be supported by Getty Images' industry-leading Web site and worldwide imagery distribution platform, which features search in local languages and purchase in local currencies and leads the industry in delivery speed and service.
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