Getty Images has acquired competitor The Photolibrary Group, which provides access to over 10 million images, footage and music files. 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?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.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/QxsZEFrQ0Hc/
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