Getty Images Announces Exclusive Marketing Alliance With Adobe Systems;
Agreement will link Adobe customers with Getty Images' visual content
collections
SEATTLE, Oct 27, 1999 (BUSINESS WIRE) -- Getty Images, Inc. (NASDAQ:
GETY), the leading e-commerce provider of imagery, today announced an
agreement with Adobe Systems Incorporated (NASDAQ: ADBE), the leading
brand in graphic design, publishing and imaging software for web and
print production. Commencing in the fourth quarter of 1999, the
agreement makes Getty Images a premier visual content source for
Adobe's newly redesigned website, www.adobe.com, where professional
publishers collaborate and conduct e-business on the web.
The two-year agreement with Adobe, exclusive for an initial period,
makes Getty Images' market-leading still and moving imagery, audio,
illustration and clip art available on www.adobe.com, making it even
easier for customers to find, purchase and download the tools they
need, anytime day or night.
"This relationship fuels our strategy of developing online working
environments for creative professionals and business users," said Mark
Getty, co-founder and Executive Chairman of Getty Images. "We intend to
offer selected visual content, graphic design tools and services,
including photographic and non-photographic content from leading third
party partners, on our hub websites."
Currently, Adobe.com features images from Getty Images' PhotoDisc
brand. When Getty Images launches the first of its hub websites in the
fourth quarter of this year, targeted at creative professionals, Adobe
customers will have easy access to Getty Images' extensive product
lines directly from Adobe.com. These customers are ideally positioned
to become purchasers of Getty Images' visual content products. Getty
Images will be a premier visual content provider with direct traffic
links from the Adobe.com site.
"Adobe is the clear market leader in graphics software, establishing
itself as a force to be reckoned with on the web, and is therefore a
fantastic partner for Getty Images. We are delighted to provide Adobe's
online customers with Getty Images' full line of digital products,"
said Jonathan Klein, co-founder and Chief Executive Officer of Getty
Images. "Both companies have embraced e-commerce as a means to
distribute their products and we look forward to working with Adobe to
provide creative professional customers with the broadest array of
relevant online content possible."
"The agreement with Getty Images is a tremendous opportunity to provide
our online customers with direct access to a broad array of
high-quality digital imagery, said Jim Stephens, Senior Vice-President
of E-Business Development, Adobe Systems Incorporated. "Getty Images'
professional-quality content makes them an ideal fit for Adobe.com."
About Getty Images
Getty Images, Inc., with over 30 million photographs and more than 15,
000 hours of film, is the leading e-commerce provider of imagery to
both professional and consumer markets. The company's four divisions
provide high-quality, branded imagery, meeting the distinctly different
needs of customers in the following market segments:
-- Creative Professional- advertising, design agencies, web
designers and corporate marketing
-- Press and Editorial - magazines, newspapers, book publishers and
web publishers
-- Business User - business communications and small-office,
home-office (SOHO)
-- Consumer - framed and unframed art and related products
The company uses its extensive web-technology expertise to create
e-commerce-enabled sites that allow customers to quickly and easily
access and purchase images. Headquartered in Seattle, the company has
approximately 1,600 employees worldwide, and had revenues of $55
million in the second quarter of 1999. The company's 1998 revenues were
approximately $185 million.
In September of 1999, Getty Images announced an agreement to acquire
The Image Bank, one of the best known companies in the visual content
industry, with significant contemporary and archival photography and
film footage assets. The transaction is expected to close in the fourth
quarter of 1999.
Getty Images' market-leading visual content brands are:
Creative Professional: Editorial and Press:
Tony Stone Images www.tonystone.com Hulton Getty www.hultongetty.com
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Energy Film Library www.energyfilm.com Allsport www.allsport.com
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PhotoDisc www.photodisc.com Liaison Agency www.liaisonphoto.com
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EyeWire www.eyewire.com Online USA www.onlineusa.com
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Business User: Consumer:
EyeWire www.eyewire.com Art.com www.art.com
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PowerPics www.powerpics.com
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For more information on Getty Images and its market-leading brands
please visit the company's website at getty-images.com. |
