Today our client, The Photolibrary Group (“Photolibrary”) was acquired by competitor, Getty Images. Terms of the acquisition were not disclosed.
Founded in 1967 and headquartered in Sydney, Australia, Photolibrary brings to Getty Images a broad range of content, some with regional appeal, including renowned collections such as Peter Arnold and Oxford Scientific. Photolibrary provided access to over 10 million images, footage and music files.
Photolibrary’s content will be licensed through Getty Images’ global distribution platform, which enables search in local languages and single image purchases in local currencies.
Additionally, Photolibrary’s presence in India, the Middle East and Southeast Asia will make it possible for Getty Images to expand its products and services to customers in those regions.
Last week, Getty Images announced that it acquired PicScout for a reported $20 million.
Marlin & Associates acted as exclusive strategic and financial advisor to The Photolibrary Group.
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