S&P Raises Ratings on Getty Images: Standard & Poor's Ratings Services on Friday raised its ratings on stock images provider Getty Images and removed the ratings from CreditWatch. S&P raised its corporate credit rating on the company to "BB" from "B+." Both ratings are speculative, or junk bond, ratings. The rating action is based on the Seattle-based company becoming current in its filings with the Securities and Exchange Commission, S&P said. Getty´s ratings were placed on CreditWatch in December 2006 after the company received notices from bondholders that the delay of its third-quarter filing constituted a default. The outlook on the company´s ratings remains negative because S&P is concerned about pressures on the company including the cyclical nature of the advertising and publishing industries. As of June 30, the company had $385 million of debt outstanding. Getty shares fell $1.09, or 3.8 percent, to $27.28 in afternoon trading. AP story (GYI actually at $27.75).
Now on YouTube since a few hours: for his award-winning film War Photographer, Christian Frei followed James Nachtwey for two years into the wars in Indonesia, Kosovo, Palestine... . He used special micro-cameras attached to James Nachtwey´s camera.
10 videos, each around 10 minutes long. Below is Part I. Full DVD here.
F1 Online acquires RF distributor ImageDirekt: After acquiring Hamburg-based agency Imagine in 2004, Frankfurt-based photo agency F1 Online (around 1,5 million images) adds about 500,000 images to its image pool with the acquisition of ImageDirekt (located close to Frankfurt), representing now in total 18 RM and 25 RF partner agencies. The acquisition is expected to be completed on Oct. 1st.
Source: Visuell, online edition. Since you were again so kind to quote content of this blog in your recent September/October issue on p. 19, without mentioning the source, you might feel mortally offended if in return I credit you with a link to boost your superb Alexa ranking of 1,8 million whatever.
New Multimedia agency: I am currently seeking submissions for a new all multimedia agency based in the US. I am looking for completed projects on all topics from every corner of the world. Projects must have at least two elements from stills, audio and video. If you are interested please contact me via e-mail at multimedia53@gmail.com. Photojournalist Michelle McLoughlin today on Lightstalkers.
Good times, bad times: GYI closes at $28.37, up +$1.53, or +5.70%, after the new multi-year Low of $26.26. After Hours it´s even at $28.78, up +$0.41, or +1.45% (4:09PM ET).
Also, JUPM is up +$0.10, or 1.56%, at $6.51, at the same time.
Jupiterimages announced today to accept image submissions from contributors to its microstock division Stockxpert to be sold under the respected Dynamic Graphics
RF brand and through its worldwide network of agents.
"As a point of clarification" on the PhotoShelter collection:
If you´re content with the sales you´re making with microstock, that´s fine. The notion isn´t that PhotoShelter will replace microstock.
It´s our belief that different images have different values, and the issue with microstock is that it forces all images to have the same value.
Camera robot gives virtual tourism a leg up: Carnegie Mellon University announced a $300 robot designed to easily enable people to create super high resolution panoramic pictures - and the GigaPan website to let anyone in the world dive into them. Stephen Shankland/CNET (podcast available here), quite a crazy story ("the act of looking at the image becomes an act of exploration").
S&P makes changes to S&P MidCap 400, SmallCap 600 and REIT Composite Indices: Stock photo distributor Getty Images will replace Greater Bay Bancorp in the S&P MidCap 400 at an undetermined date. AP story on Yahoo Finance.
Just a quick note that a21 today unveiled officially the expected MediaMagnet platform ("Our markets are
at an inflection point" with "dynamic shift in our markets", said a21 CEO John Ferguson two weeks ago).