Getty goes after the competition

Author:

Olivier Laurent

After iStockphoto in 2006, Getty Images has done it again, going after one of its competitors in the stock image business - this time it's Jupiterimages to fall.

Getty Images announced today that it would acquire Jupiterimages of Jupitermedia for $96 million. Similarly to the iStockphoto deal, which cost $50m to Getty, the stock giant expects to retain the Jupiterimages brand and website.

'The digital content market is expanding, and the customers of both Getty Images and Jupiterimages will benefit from the combination of these businesses,' says Jonathan Klein, co-founder and CEO of Getty Images. 'Through this acquisition, we will be able to offer more content, better technology, more customer service and additional local content,' he says.

Read the full story here. In our next issue, BJP will feature an extended analysis of the deal and what impact it could have on the stock image business in general.

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