GETTY IMAGES

'Getty Images, Inc.' () is a stock photo agency, based in Seattle, Washington USA.
It is the leading supplier of stock images for business and consumers with an archive of 70 million still images and illustrations and more than 30,000 hours of stock film footage. It targets three markets — creative professionals (advertising and graphic design), the media (print and online publishing), and corporate communication departments for other businesses.
Getty has distribution offices around the world and continues to capitalize on the Internet and CD-ROM collections for distribution. The company has also begun offering custom photo services for corporate clients.

Contents
History
Competition
Acquisitions
Copyright enforcement
References
External links

History


In 1993, Mark Getty and Chief Executive Officer Jonathan Klein co-founded Getty Investments LLC, which today is the principal shareholder of Getty Images. Mark Getty is the company's chairman.
In September 1997, Getty Communications as it was called at the time, merged with PhotoDisc, Inc. to form Getty Images.
The Getty family owns about 20% of the company.

Competition


There are doz of companies selling stock photography who compete with Getty, but the two largest companies are Jupitermedia Corporation, a public company formerly known as Internet.com, and Corbis, a private company controlled by Bill Gates. These three—Getty, Jupiter and Corbis—are in the process of "rolling-up" the stock photo business by buying out the many family-owned businesses that created the field. In recent months, Getty bought out Digital Vision, iStockphoto, and Stockbyte, and Jupiter bought Comstock and PictureArts.

Acquisitions


In 2004, Getty bought image.net for $20 million USD. [1] On February 9, 2006, the controversial and revolutionary microstock photo website, iStockphoto, was acquired by Getty Images for $50 million USD. [2]
In 2007, Getty successfully purchased its largest competitor, Mediavast, for $202mil. The acquisition meant that Getty Images gained control of WireImage (Entertainment, creative, and sports photography), FilmMagic (fashion and red carpet photography), Contour Photos (portrait and studio photography) and a host of other subsidiaries.

Copyright enforcement


For about a year Getty Images has been using a firm called PicScout, scanning websites for unauthorized and unlicensed usages of its protected images. Those websites that were found to be in violation were queried via the Whois database and sent financial settlements that retroactively licensed the image. However, the settlement also demanded damages, which were said to have been incurred against the copyright holder. Thousands of these letters have been sent out, yet according to the Wall Street Journal, Getty had not taken any of these potential cases to court (as of October 2005).[3][4]
Their corporate counsel for copyright enforcement is Laura Malone, who used to work in the entertainment industry as an actress. [5]

References


1. image.net — About
2. ''Getty Images Buys iStockPhoto.com For Million'' ('Photo District News')
3. ''Photo Agencies Scour the Web For Copyright Violations'' ('Wall Street Journal')
4. ''Web designers get grouchy over Getty'' ('The Register')
5. ''Fair Use for Documentary Filmmakers - NYWIFT panel'' ('zoom in online')

External links



Getty Images

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