Getty has taken a hit from ubiquitous camera phones
Online pics take toll on Getty
22 Jan 2008, Angelica Mari, Computing
http://www.computing.co.uk/ctg/news/1838361/online-pics-toll-getty
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.
The news follow Getty's aborted merger talks with news group Jupitermedia, last year.
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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