Acquisition Will Enhance the Jupiterimages Brand, Provide a Broader
Selection of Digital Content Across All Platforms, Media and Geographies
and Improve Customer Service
SEATTLE, Oct. 23 /PRNewswire/ -- Getty Images, Inc., the world's
leading creator and distributor of visual content and other digital media,
today announced that it has entered into a definitive agreement to acquire
Jupiterimages, a wholly-owned subsidiary of Jupitermedia (Nasdaq: JUPM),
for $96 million in cash. The acquisition will benefit existing and
potential customers by making even more digital content easily accessible.
The acquisition is subject to the approval of shareholders and the receipt
of certain regulatory approvals.
"The digital content market is expanding, and the customers of both
Getty Images and Jupiterimages will benefit from the combination of these
businesses," said Jonathan Klein, co-founder and CEO of Getty Images.
"Jupiterimages' customers already appreciate its value-based offerings, and
through this acquisition we will be able to offer more content, better
technology, more customer service and additional local content. Combining
Jupiterimages' product with Getty Images' extensive media assets and global
distribution will further enhance Getty Images' offerings and provide more
relevant content to both companies' customers while extending the presence
of the Jupiterimages brand to customers around the world."
Getty Images will retain the Jupiterimages brand and website, and will
integrate Getty Images' technology, licensing expertise, content, business
processes and service. Jupiterimages' large portfolio of wholly-owned
imagery will allow Getty Images to offer still more versatility and
flexibility in providing imagery and other content assets to customers.
Additionally, Getty Images' global distribution channels will increase
international customers' access to Jupiterimages' products and services,
including the Jupiterimages Unlimited subscription product.
"Jupiterimages has built a foundation that Getty Images will build upon
to the benefit of customers worldwide," added Klein. "Getty Images has
always been dedicated to making strategic investments that will provide
long-term value to our customers."
About Getty Images
Getty Images is the world's leading creator and distributor of still
imagery, footage and multi-media products, as well as a recognized provider
of other forms of premium digital content, including music. Getty Images
serves business customers in more than 100 countries and is the first place
creative and media professionals turn to discover, purchase and manage
images and other digital content. Its award-winning photographers and
imagery help customers produce inspiring work which appears every day in
the world's most influential newspapers, magazines, advertising campaigns,
films, television programs, books and websites. Visit Getty Images at
http://www.gettyimages.com to learn more about how the company is advancing
the unique role of digital media in communications and business, and
enabling creative ideas to come to life.
For more information, please contact:
Media:
Edelman for Getty Images
John Dillard, 212-704-8174, john.dillard@edelman.com and
Meaghan Smith, 212-704-8196, meaghan.smith@edelman.com
Getty Images
Bridget Russel, Senior Director, Corporate Communications
206.925.6405
bridget.russel@gettyimages.com
Alison Crombie, Senior Director, Public Relations
+44 (0) 207 424 8081
alison.crombie@gettyimages.com
SOURCE Getty Images, Inc.
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Related links:
http://www.gettyimages.com
CONTACT:
John Dillard, +1-212-704-8174,
john.dillard@edelman.com, or Meaghan Smith, +1-212-704-8196,
meaghan.smith@edelman.com, both of Edelman for Getty Images;
Bridget Russel, Senior Director, Corporate Communications,
+1-206-925-6405, bridget.russel@gettyimages.com, or Alison
Crombie, Senior Director, Public Relations, +44 (0) 207 424 8081,
alison.crombie@gettyimages.com, both of Getty Images
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