Getty Images acquires Photolibrary

Getty Images, the leading creator and distributor of visual content and other media, today announced that it has entered into a definitive agreement to acquire Sydney-based Photolibrary, a leading provider of creative stills imagery. The acquisition will benefit existing and potential customers, by making even more high quality and relevant imagery easily accessible to customers all over the world.

Photolibrary brings to Getty Images a broad range of versatile content, with regional as well as global appeal, including renowned collections such as Peter Arnold and Oxford Scientific. By combining both companies’ imagery collections and strong relationships with valuable partners, the acquisition will provide customers around the world with greater choice and more easily accessible imagery. Photolibrary’s content will be licensed through Getty Images’ global distribution platform, which enables search in local languages and single image purchases in local currencies.

Additionally, Photolibrary’s established presence in India, the MiddleEast and Southeast Asia will make it possible for Getty Images toexpand its products and services to customers in those regions.Furthermore, the addition of Photolibrary’s imagery collections willallow Getty Images to create new products and services, to better servecustomers around the region and across the globe.

“As worldwide demand for imagery across multiple channels and platformscontinues to increase, we are delighted to offer Photolibrary’s contentto our customers,” said Jonathan Klein, Getty Images’ co-founder andchief executive officer. “The need for both local and global contentremains strong across South East Asia, as the region continues todevelop and grow. This acquisition will further enhance our ability tobetter serve customers in the region and around the world, with agreater choice of content.”

Glenn Parker, group CEO Photolibrary added: “This acquisition is atestament to Photolibrary’s content and global presence.  Getty Imageswill build upon our complementary geographic presence, expand the reachfor Photolibrary imagery into new markets and improve the experiencefor our collective customers.”