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Mark Peters : May 25th 2005 - 22:30 CET

Getty Images acquires Photonica & Iconica imagery


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Getty ImagesGetty Images acquires Photonica & Iconica imagery : Getty Images announced today that it will acquire Photonica West from the Tokyo-based Amana Group for $51 million in cash. Photonica produces and distributes two of the world's leading collections of cutting edge, high-end rights-managed imagery from some of the most talented and creative photographers in Europe, the United States and Japan. These photo collections are considered the "hidden gems" of the imagery business - highly respected by creative professionals but with limited global sales, marketing and distribution. As a result of this acquisition, both Photonica and Iconica will be distributed via gettyimages.com, the de-facto homepage of visual communicators.
Getty Images acquires Photonica & Iconica imageryGetty Images photo collections
The acquisition of the non-Japanese interests of Amana is the first phase of a broader global production and reciprocal distribution relationship between Getty Images, the world leader in imagery and related products and services, and Amana, the leading visual solutions experts in Japan. Getty Images plans to further strengthen its position in the Japanese market by entering into distribution arrangements with Amana to represent Amana's locally relevant content in Japan. Amana will offer some of the major Getty Images collections to its customers in Japan. In addition, Getty Images expects to represent and distribute Amana's imagery to the international market outside of Japan through its unrivaled distribution network.

Higher quality imagery for visual communicators
Getty Images and Amana also plan to co-produce high quality, wholly owned creative photography both in Japan and elsewhere. This joint production capability will provide more choice and higher quality imagery for visual communicators and greater opportunities for photographers everywhere. The acquisition is expected to have no impact on earnings per diluted share in 2005, and to be accretive to Getty Images' earnings per diluted share in 2006.

Global high-end creative imagery
"Getty Images and Photonica represent the global gold standards for contemporary, high-end creative imagery," said Jonathan Klein, Getty Images co-founder and CEO. "Combining Getty Images' creative expertise with that of Photonica and Iconica, and leveraging the distribution power of our e-commerce platform, will provide customers with easy access to the very best imagery in the industry, enabling them to do their best work. Furthermore, our relationship with Amana will significantly accelerate our already successful penetration of Japan, the world's second largest market for imagery, and further strengthen gettyimages.com's global role as the de-facto home page for visual communicators."

About Getty Images
Getty Images is the world's leading imagery company, creating and distributing the largest and most relevant collection of still and moving images to communication professionals around the globe and supporting their work with asset management services. From news and sports photography to contemporary and archival imagery, Getty Images' products are found each day in newspapers, magazines, advertising, films, television, books and Web sites. Gettyimages.com is the first place customers turn to search, purchase, download and manage powerful imagery. Seattle-headquartered Getty Images is a global company with customers in more than 100 countries.





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