Author Topic: "Getty Images back in the family as Carlyle Group sells out" (Read 7246 times)

ShadySue · « **on:** September 04, 2018, 17:02 »

https://www.ft.com/content/f8f08ae4-b052-11e8-8d14-6f049d06439c

Someone smarter than me can tease out the import of this, and the likely impact, if any.
If it's bad news, don't shoot the messenger.

obj owl · « **Reply #1 on:** September 04, 2018, 17:43 »

Not sure I care enough to invest a pound to read the article, no that's a lie, I don't care.

ShadySue · « **Reply #2 on:** September 04, 2018, 17:46 »

Quote from: obj owl on September 04, 2018, 17:43

Not sure I care enough to invest a pound to read the article, no that's a lie, I don't care.

Huh? I read it for free!
Though clicking on my own link gives me a 'subscribe to read' message.

Weird!

trek · « **Reply #3 on:** September 04, 2018, 17:49 »

@ Reuters:

https://www.reuters.com/article/us-getty-images-m-a/getty-family-to-regain-control-of-photo-agency-idUSKCN1LK24S

Jo Ann Snover · « **Reply #4 on:** September 04, 2018, 18:28 »

As they're rolling over all their debt ($2.35 billion) how does this help? It's the cost of servicing that debt (which all went to pay the two parasitic private equity firms) that makes doing anything significant hard, and that not's changing.

I also figure it means they didn't think much of Dawn Airey

pkphotos · « **Reply #5 on:** September 05, 2018, 02:38 »

Getty went from an absolute powerhouse just a few years ago to falling asleep at the wheel and being overtaken and left in the dust by the likes of SS in particular. Even Alamy has managed to gain strength in this ever changing business. Getty were too busy sending out BS extortion letters trying to intimidate people rather than concentrating on adapting to the market.

nobody · « **Reply #6 on:** September 05, 2018, 06:59 »

Does this mean our commissions will go up soon

msg2018 · « **Reply #7 on:** September 05, 2018, 07:59 »

Quote from: nobody on September 05, 2018, 06:59

Does this mean our commissions will go up soon

Of course

Provide your family name is Getty.

Uncle Pete · « **Reply #8 on:** September 07, 2018, 16:15 »

Quote from: msg2018 on September 05, 2018, 07:59

Quote from: nobody on September 05, 2018, 06:59
Does this mean our commissions will go up soon

Of course
Provide your family name is Getty.

Beautiful that's an award winning reply.

Quote from: Jo Ann Snover on September 04, 2018, 18:28

As they're rolling over all their debt ($2.35 billion) how does this help? It's the cost of servicing that debt (which all went to pay the two parasitic private equity firms) that makes doing anything significant hard, and that not's changing.

I also figure it means they didn't think much of Dawn Airey

Double on both, you nailed it. Their income is not sufficient to cover the debt after the investment companies bled Getty dry and left the near dead carcass. Anyone who reads anything about stocks and investments can find how Getty and iStock are on life support.

My suggestion is, sell iStock to someone who cares, who has the money, like Google. Problem is, Getty went with ESP and folded all our assets into their Getty servers, renumbered, changed the file data, restructured everything. We're trapped.

I don't see anything changing for our benefit, and possibly getting even worse.

cobalt · « **Reply #9 on:** September 10, 2018, 17:57 »

Autumn is coming...and this means...exciting news!! for contributors from a new CEO...

Imagine, if they had just kept it in the family, spent all the energy focussing on the market instead of playing with investor groups and loading the company with debt.

I hope my friends at istock and getty will survive whatever winter storm is coming...

derek · « **Reply #10 on:** September 11, 2018, 05:15 »

No problem here! its doing well for me, at the moment the best one by miles!

iStop · « **Reply #11 on:** September 21, 2018, 13:01 »

Sounds to me purely like a corporate debt shuffle to stay a float. The left pocket pays the right pocket and then the right pays back the left when the dust settles.

BaldricksTrousers · « **Reply #12 on:** September 22, 2018, 06:41 »

Quote from: cobalt on September 10, 2018, 17:57

Imagine, if they had just kept it in the family, spent all the energy focussing on the market instead of playing with investor groups and loading the company with debt.

IIRC Getty was already going down the tubes, with a disintegrating share price, when they sold it. That was their way of milking the dying cow. But the vultures who bought/resold it seem to be able to milk cows even after they're dead.