StockPhotoTalk | Special Interest Blog

Veer: Director, Global Channel Sales (Calgary)

Veer provides visual elements for use in professional creative work, such as graphic design, motion design, advertising, and filmmaking. The image industry is a driving passion for the management and employees of Veer.

With thousands of satisfied customers, years of industry experience, and an unparalleled set of skills, the people at Veer have what it takes to deliver exciting, innovative products to enhance creativity. Want to join us?

Veer is currently looking for a:

• Director, Global Channel Sales (Calgary), reference number DGCS001

All details and contact information here at Worldwide Stock Photo Industry Jobs.

Deutsche Bank Analysts on Getty´s Latest Financial Results And iStockphoto

Two weeks ago, the Deutsche Bank and PACA published the results of their Stock Photo Industry Survey. The Deutsche Bank NYC/SF released yesterday a very interesting review of Getty Images´ preliminary results for Q4/2006 and full year 2006:

• We maintain our HOLD investment rating on shares of Getty Images, even though RF and RM volumes rebounded nicely in 4Q after a sub par 3Q. [...]

• While 4Q results were certainly encouraging, we think the growth of alternative licensing models and an oversupply in image inventory, could limit pricing sustainability of rights managed and royalty free images longer term. Micropayment image volumes continue to grow at low price points (sub $5) compared to the $500 RM and $240 RF licensing fee at Getty today. We continue to remain cautious on long term prospects. [...]

Getty´s Stock Up $4.12 (9.27%) at $48.56

Currently:

Credit Suisse analyst Brandon Dobell in a client note reiterated a "Neutral" rating and $50 target price. He said he remains cautions on the company, given weak growth expectations for core businesses, but said it is unlikely shares will fall due to an already cheap price. [...]
JPMorgan Securities Inc. analyst Frederick Searby in a client note kept a "Neutral" rating on shares.
But the analyst sees little reason for shares to rise or fall much ahead, since the stock price is low but fundamentals are weakening. For example, the print industry is slowing, while user generated content is posing a new competitive challenge, he added.
(Business Week, "Getty Images rises on 4Q report")

Image Source: Art Director

Image Source is the leading independent producer of royalty free stock photography.

Image Source currently has an opening for a

• Art Director in their Cologne office.

All details and contact information here at Worldwide Stock Photo Industry Jobs.

More Snippets From Getty`s Conference Call: "One of our five key initiatives for 2007 is to aggressively grow iStockphoto"

Getty´s stock was up after hours another $1.81 to $46.25.

A personal selection and compilation of what Klein said during the Conference Call:

• We did not have a great year, let's be clear, but we have emerged in good shape.

• Footage or Film continues to represent what we think is one of our best and biggest growth opportunities. We will be investing a significant amount in capital expenditure in building our footage digital workflow, as well as our new website for footage. Footage or Film comprised about 5% of our total revenue in the quarter as well as the full year. The growth was 13% in the fourth quarter and the full fiscal year. For Footage or Film, the average royalty rate was 30%, an improvement from 33% a year ago. We’re looking at a new licensing model for footage.

• We are very interested in entertainment footage or video, not just stills.

QuickLinks For 2007-01-30

• The New Face of Thought Equity Motion:
  Thought Equity Motion is out with a new version of its website.
  CTO Mark Lemmons.
  Tag: Thought Equity

A Snippet From Getty`s Conference Call

Shortly after the last Q3/2006 Conference Call, another website presented a full transcript of the Conference Call after the session had ended, way earlier than Getty did. Regrettably the transcript of the new Conference Call is not yet online.
Until then, one of the more memorable sentences of the Conference Call was definitely Klein´s statement: "I read on blogs about pricing pressure on RF, I don´t see it!"

Getty Images Releases Preliminary Results For Q4/2006 And Full Year 2006

Here are the numbers in detail:

Revenue in Total (T), with Sequential change (S) and Year-over-year-change (Y):

Y	Q4/04	2004	Q1/05	Q2/05	Q3/05	Q4/05	2005	Q1/06	Q2/06	Q3/06	Q4/06	2006
T	$162.1	$622.4	$178.1	$185.3	$184.5	$185.8	$733.7	$200.9	$204.8	$198.1	$203.5	$807.3
S	5.6%	-	9.9%	4.1%	-0.4%	0.7%	-	8.1%	1.9%	-3%	3%	-
Y	20.6%	19.0%	13.8%	23.3%	20.2%	14.6%	17.9%	12.8%	10.5%	7%	10%	10%

QuickLinks For 2007-01-29, II

• Getty Images shares up as investor buys stake:
  Shares of Getty Images Inc., the world's largest provider of stock and editorial photography, rose more than 7 percent on Monday after Blum Capital Partners LP said it bought a 5 percent stake and might seek board or management changes. [...]
  "Despite these changes, we believe that the stock-imaging market will continue to become commoditized," Kaufman Bros. analyst Barbara Coffey, who has a "sell" rating on the shares, wrote in an investor note on Monday. "We don't believe this will change by having a new investor in the mix."
  Reuters.
  Related: Previous Quicklinks 2007-01-29.
  Tags: Getty Images Blum Capital

QuickLinks For 2007-01-29

• Blum Capital takes stake in Getty, may seek change:
  Investment fund Blum Capital Partners has taken a 5 percent stake in Getty Images Inc., saying it might engage in discussions about an "extraordinary corporate transaction" or changes in the board or management, according to a regulatory filing on Monday.
  Blum said in a filing with the U.S. Securities and Exchange Commission that it had no specific plans for a major transaction or proposal, but might engage other shareholders, board members or company representatives in talks.
  Getty, the world's largest provider of stock and editorial photography, has been investigating its past stock option grant practices and related accounting.
  Reuters.