NY Times Business:
Getty Images to Sell Itself for $2.4 Billion. “… fears about increased competition from lower-cost Internet-based rivals have taken their toll on Getty’s stock price, prompting the company to seek a buyout.” Rights-managed photography is taking a hell of a beating from royalty-free stock sites. The internet is making the amateur and semi-pro photographer’s work simpler to search and compare to traditional pro photography. The amateur doesn’t realize that by accepting a lowball price, they’re jerking the rug out from under themselves. When they progress to the point where they want to finance all the fancy photography equipment, studio, etc. ... there may no longer be a business model to support it.
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