You're now talking about taking the company into the next phase of development and growth. What is that phase?
The main thing around that is: more international. We're going to be investing more in Asia/Pacific, Middle East and Latin America.
The second part is to grow our ThinkStock subscription business more aggressively.
And thirdly, our editorial imagery business is really strong and we will be more aggressive in expanding that in particular internationally. We're obviously really strong in the UK and in the US, but not so internationally.
We also have some new product, in particular Connect (an API service), which has about 100 customers so far, but we only launched it a few months ago. We're thinking about being more aggressive in selling Connect through our sales force.
"Hellman & Friedman, the private-equity fund owner of Getty Images, is working with Goldman Sachs (GS) and JP Morgan (JPM) to examine a possible sale or IPO of the business which was taken private four years ago, the Financial Times reports.
Five people familiar with the plans say a sale or public offering could value the business at up to $4B. Getty may draw takeover interest from private equity funds, potentially KKR (KKR), one person says."
Well, we had Gary Shenk earlier here talking about the music licensing business & The Next Big Thing, JDK explaining crowdsourcing, how Getty had been in crowdsourcing since 2006 & A Brief History of Time to us - turning to the other side, to the artists and the real world, MartinEllerbeck and Jake Hellbachunveil some secrets about getting into stock footage & about the sound of nobody calling you.
In the previous video with Gary Shenk it was explained to us that the market for music licensing is around $800 million, but that "the potential is really double that", which CNBC translated to a $1,5 billion market and being the Next Big Thing (for this math alone, please Occupy Wall Street again).
Here, from TC-TV at SXSW, we have Jonathan Klein saying at 2:10 that Getty Images is doing "crowdsourcing since 2006". -The broader picture here.
Again, there are so many news from other companies I see and note and follow, I just lack the time to follow them here.
Jobs shed as Getty Images absorbs iStockphoto: Getty Images has confirmed to BJP that 30 employees have been made redundant at iStockphoto. "We are completing the process of full functional integration across the two brands," says Getty Images' CEO Jonathan Klein. "Nonetheless, Getty Images remains committed to the vitality of the iStockphoto brand." The layoffs comes just a few days after Kelly Thompson announced that he was leaving Getty Images. Getty Images says: "Kelly has now decided that the time is right for him to leave the business to pursue other interests and we wish him the very best in all his future endeavours. Kelly's last day with the company will be January 20." BJP. Related:
Corbis is expanding again by acquiring the NMA Group in LA, a pioneer in the realm of branded entertainment, which helps marketers weave products into the plots of movies and television shows. “This will greatly expand our ability to offer advertisers ways to more closely affiliate with branded entertainment,” said Gary Shenk.
NMA will operate as an autonomous unit of the entertainment division of Corbis. Mark Owens, president at NMA, will lead the division, which also includes GreenLight, the Corbis licensing consultancy that represents deceased public figures.
Norm Marshall, who founded NMA in 1979, will remain chief executive. Mr. Marshall and Mr. Shenk said they could not discuss the financial terms of the deal. “Bill has a thing about not divulging financial stuff,” Mr. Marshall said, referring to Mr. Gates, adding that Mr. Shenk had told him, “ ‘Norm, if I do it, Bill will fire me.’ ”
France-Soir, death of a newspaper: "Its glory days were in the 1950s and 1960s, when it sold over 1 million copies per day. The paper's finest hour came in November 1970, when it sold 2 million copies. Its circulation had been declining for years. According to AFP, recent circulation was only a disappointing 30,000 copies per day" (France24.com), leading to "89 job losses" (Independent).
Adapt to survive, a photographer's view of the market today: "We are in a period of transition. Although too much web content generates no income for its creators, new revenue streams are gradually establishing themselves. Some sites already bring in real money from advertising, or paywall subscriptions. News websites are beginning to commission or buy in photo stories in the form of multimedia pieces (still images and sound), or web documentaries (video, stills and sound, sometimes with interactive features)." Freelance photog Philip Wolmuth in the BBC News.
Veer shutting down Calgary office: "Veer is closing its local office, eliminating about 80 jobs as the work is moved to Seattle. The branch will close by the end of the year, said Jennifer Morgan, Corbis' senior director of corporate communications, as the company centralizes its operations in Washington [Seattle]. Founded by Brad Zumwalt, [he] couldn't be reached for [a] comment. Veer's Calgary presence has shrunk in recent years, from a reported 150 employees in 2007 to about 100 a year ago to the 80 affected by Corbis' relocation decision." Calgary Herald/Kim Guttormson.
So no more future lunch questions like: "How are things on the other side of town?", like during the past years, long ago.
From the ancient Greek´s Athens to modern Beijing, some rules never change, regardless if your sympathy sticks to the company formerly known as GYI, or indeed not: "A small tip that I use in practice is to have a meal with the candidate and observe their interactions with others, especially people in the service industry and people less fortunate than themselves". Still, so many questions remain. Amex OPEN Forums: 9 Questions: Jonathan Klein, Getty Images.