Getty Images to Be Acquired for About $2.4 Billion

[johnastovall]

It would appear micro stock companies are having an impact.

" Demand for Getty's traditional imagery had declined with the cutbacks in the newspaper industry and the introduction of lower-cost providers on the Internet."

[JohnT]

I see this as another consequence of the "Digital Revolution."

[mike_sax]

But what will this new company do with the images and what it has paid all of this money for? What is their motive behind acquiring Getty?

[johnastovall]

Originally Posted by mike_sax

But what will this new company do with the images and what it has paid all of this money for? What is their motive behind acquiring Getty?

Most likely break it on different parts and sell them off.

[Killeenguy]

Originally Posted by mike_sax

But what will this new company do with the images and what it has paid all of this money for? What is their motive behind acquiring Getty?

Their objective is to make a profit. Or maybe its a strategic move for a later buy out?

[mike_sax]

But as JohnT said earlier, this move doesn't appear to be a profitable venture for any organization with the move away from printed material.

[Killeenguy]

then it's insanity....

I just think it's not an obvious money maker just yet.

edited: maybe 305 Mil. is manageable.

[johnastovall]

Originally Posted by Killeenguy

then it's insanity....

I just think it's not an obvious money maker just yet.

edited: maybe 305 Mil. is manageable.

It was a money maker and it isn't now.

By taking it private, the various part of Getty can be sold and modled into different business models.. New businesses, that's what investment companies when they take public companies private.

Getty does a lot of things other than images.