Recent Stock Photo Industry Press Releases

Corbis Acquires eMotion

Acquisition adds digital asset management systems to range of services available for clients using imagery in their projects

SEATTLE, July 28, 2005. Corbis today announced the acquisition of eMotion, a leading provider of hosted solutions for managing and distributing digital media assets and marketing content. eMotion’s services add to Corbis’ existing image licensing, assignment & representation, and rights clearance services, broadening the complete solution available for editorial and commercial clients around the world.

Getty Images Reports Record Financial Results for the Second Quarter of 2005 and Raises Full-Year Guidance; Revenue Growth Rate Accelerates to More than 20 Percent; Overall Creative Image Volumes Grow More than 17 Percent

SEATTLE, July 26, 2005. Getty Images, Inc. (NYSE:GYI), the world's leading imagery company, today reported results for the second quarter ended June 30, 2005.

Quarterly Highlights

-- Revenue increased 23 percent over the second quarter of 2004

-- Operating income grew 39 percent to $55.5 million

-- Operating margin of 30 percent

-- Reported earnings per diluted share increased to $0.53 from $0.41 in the second quarter of 2004

-- Exclusive of accelerated amortization of debt issuance costs of $0.05 per diluted share in the second quarter of 2005, earnings per diluted share increased 41 percent to $0.58 from $0.41

-- Digital Vision and Photonica acquisitions completed and integrated

Getty Images Significantly Expands Its Presence in China; First to Deliver Culturally Relevant Content and Services

Industry's Foremost Creator and Distributor of Creative Imagery Launches First-Ever Chinese Language Web Site and Local Content Production     

SEATTLE, July 26, 2005. Getty Images Inc. (NYSE:GYI), the world's leading creator and distributor of visual content, has launched Getty Images China, a local operation based in Beijing, which will enable Chinese creative professionals to search, download and license imagery from all of Getty Images' collections as well as culturally-relevant local content developed specifically for the Chinese market. All collections and local content will be accessible beginning next month through a Chinese language website, the first of its kind for the market.

Media Bakery Announces Revolutionary Visual Search

Monday, July 25, 2005. Today Media Bakery announced a new search technology that allows users to sort search results based on thousands of visual clues in an image. The initiative was launched in response to a critical need for better search strategies that enable stock photo buyers to easily locate the most appropriate image in a large database. The new technology augments traditional keyword searching by utilizing the right brained visual function of the photo researcher.

European Pressphoto Agency (epa) and Corbis Announce Global Agreement

LONDON, July 21, 2005. The European Pressphoto Agency (epa) and Corbis have announced the signing of an exclusive agreement in which the two companies will collaborate on editorial planning and extend the reach of epa's output via Corbis's global licensing and rights management services.

Jupitermedia's JupiterImages Closes Acquisition of PictureArts and Related Stock Photography Brands

NEW YORK, July 19, 2005. Jupitermedia Corporation (Nasdaq: JUPM) today announced that it has closed the acquisition of PictureArts Corporation (www.picturearts.com) and its many stock photo and related graphics and image distribution brands, for $63.2 million in cash. Jupitermedia financed the purchase price with cash on hand and borrowings under a $90 million senior credit facility with JPMorgan Chase Bank, N.A. obtained in connection with the transaction.

fStop Signs with Amana, Releases 1,000 New Images

Thursday, July 14, 2005. fStop has expanded its distribution network, signing an agreement with Japan's leading imagery agency, Amana, in an effort to more effectively market its unique royalty-free library to Japanese designers.

"We're very pleased to have Amana as a part of our distribution network," said Derick Rhodes, fStop's Project Manager, "and we're confident that they'll do an excellent job of marketing our distinct imagery in the world's second largest image market."

JUPITERMEDIA ANNOUNCES CORBIS DISTRIBUTION AGREEMENT FOR COMSTOCK IMAGES AND THINKSTOCK IMAGES

New York, July 12, 2005. Jupitermedia Corporation (Nasdaq: JUPM) today announced an agreement with Corbis (www.corbis.com), a leading media services company, to distribute its Comstock Images and Thinkstock Images collections. Under the terms of the agreement Corbis will distribute select Comstock and Thinkstock images worldwide through its Web site www.corbis.com, starting in September.

Corbis Aggressively Expands Royalty Free Position

Launches “rf Shop” Website, Adds Key Content Partners, and Acquires image100

SEATTLE, Washington, July 12, 2005. Corbis (www.corbis.com) today announced a series of moves to solidify the company’s position as the second largest global provider of imagery and related services to creative and editorial business users. The 3-part announcement includes the launch of “rf SHOP,” a new royalty free website on corbis.com, the signing of numerous leading content partners including Jupiterimages, MedioImages, and Blend, and the acquisition of image100, an established London-based royalty free production business.

ASMP’s position on proprietary RAW formats

The American Society of Media Photographers is deeply concerned at the developing crisis that is threatening continued access to the world’s photographic heritage. The RAW format* is fast becoming the standard for professional and other serious imaging. Encryption and the abandonment and termination of support for older RAW formats put in jeopardy the future use of many digital photographs.