Recent Stock Photo Industry Press Releases

GETTY IMAGES REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2004

Revenue growth continues to accelerate as industry leader reports significant increases in Operating Margin and Earnings per Share       

October 20, 2004 : SEATTLE. Getty Images, Inc. (NYSE:GYI), the world's leading imagery company, today reported results for the third quarter ended September 30, 2004.      

• Revenue grew 17.4 percent over the third quarter of 2003
• Operating income grew 53.6 percent over the prior year to $41.7 million, or a margin of 27.2 percent of revenue
• Reported earnings per diluted share increased to $0.44 from $0.16
• Earnings per diluted share increased 57 percent to $0.44 compared to $0.28, exclusive of debt extinguishment costs of $0.12 after tax in the third quarter of 2003

"We achieved very strong results in the third quarter, with significant year-over-year growth in revenue, operating income and earnings," said Jonathan Klein, Getty Images' co-founder and CEO. "We have made excellent progress on all of our 2004 initiatives, and we have continued to see an acceleration in revenue growth while exceeding our operating margin goals for every quarter this year. The platform continues to gain traction as we broaden and deepen our content offerings on gettyimages.com, the de facto home page for the creative and publishing professional."

Getty Images Expands Creative Choice with Addition of 13 Image Collections

Getty Images Broadens Royalty-Free Selection and Increases Regional Content

October 13, 2004: SEATTLE. Getty Images (NYSE: GYI), the world's leading imagery company, today announced the addition of 13 creative image collections, underscoring its ongoing commitment to meeting the diverse needs of visual communicators worldwide.

"From science photographs depicting human biology to diverse ethnicities in lifestyle imagery, these new collections significantly enhance the depth and breadth of our offering," said Michael Teaster, Getty Images' vice president of image partners. "We are delighted to have attracted these well-respected partners and look forward to marketing and distributing their work via the industry's most powerful platform, gettyimages.com."

Getty Images Acquires Bongarts Sportfotografie GmbH and Sportimage Fotoagentur GmbH

October 5, London. Getty Images (NYSE: GYI), the world's leading imagery company, has acquired Bongarts Sportfotografie GmbH, the leading sports photography agency in Germany, and its sister company, Sportimage Fotoagentur GmbH, an international sports imagery distributor. The acquisitions provide Getty Images customers with a greater choice of German material as well as exceptional distribution of editorial sports imagery in Germany and other German-speaking markets.