For those which were on easter vacation at the end of April and the beginning of May, Getty Images announced one minor and one mid-sized acquisition within a few days:
- The takeover of PicScout, on April 27th.
- The transfer of Photolibrary (which once bought the remains of Index Stock)/PhotosToGo) today.
Given the hiccups, the discussions, the back and forth over at iStockphoto since September 2010 with respect to (simplified) reduced photographer/videographer* royalty rates and higher product prices, the acquisition of heavyweight Photolibrary, once a few years ago in the golden ages estimated to exceed yearly revenues of way over $30 million, represents the next, but not the last move in making Hellmann & Friedman´s property Getty Images more attractive for potential investors and media partners.
(*For videographers, Simon Krzic was a major force recently in negotiating a better deal)
Image: © gregrublev - Fotolia.com