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Online pics take toll on Getty

22 Jan 2008

Comment: 1

Getty has taken a hit from ubiquitous camera phones

Digital picture supplier Getty Images is up for sale following a share price plunge caused by competition from camera phones and online picture sharing.

Investment bank Goldman Sachs is managing Getty's sale, which has piqued the interest of a number of private equity firms willing to pay around £771m for the business.

FREE is better than fee

People like me post our images to Stock.XCHNG and let people download them for free. A lot better than paying Getty fifty bucks per picture.

Open source photography is now.

Posted by: CarlosX 23 Jan 2008

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