IStockphoto Acquired
February 10th, 2006 by Michael Gray in News, ToolsIf you're new here, you may want to subscribe to my RSS feed. Read my top posts or learn more about Michael Gray. Want more frequent updates follow me on Twitter. Thanks for visiting!
I can’t see how you could be a player in this space and not have heard of Istockphoto, but hey I guess it’s possible. They have one of the largest most diverse library of stock photos all available for about $1 a pop. Let’s be honest you really can’t ask for more than than that. In a recent update however They announced they had been acquired by Getty Images
In Getty Images, we have found our perfect partner. On February 9, in the early hours of the morning, iStockphoto agreed to join the Getty Images family, functioning independently with the benefits of Getty Images, yet, very importantly for them and us, autonomy. They will nurture and encourage our pioneering spirit so that our entrepreneurial culture will continue to thrive.
Now while I’m happy and all for the Istockphoto people I have to admit I’m concerned as a web publisher. Getty Images is clearly an “old school” type of business with old world (aka print world) style licences and pricing, for those of you in the back of the class that mean hundreds of dollars per picture instead of $1 per picture. Let’s hope things stay a little in line with Istockphoto because a dramatic price increase like that will affect the way I do business.
hat tip to Guy Kawasaki
Technorati Tags: Istockphotos, pictures, stock.photography
Sphere It
February 10th, 2006 at 10:21 am
Alan Meckler had a snarky write up on it as well. He loves talking trash so its a good ready. ( If you don’t know Alan Meckler runs JupiterImages a competing company )
February 10th, 2006 at 10:44 am
“Getty Images’ business was built on the idea of charging through the nose for images.”
That was pretty funny
February 10th, 2006 at 11:53 am
That really sucks. Istock is for sure my favorite, and I bet we’ll be lucky to keep those nice $1 images.