The Road To Hell Is Paved With Good Intentions: Getty Pictures Buys JupiterPictures

The Road To Hell Is Paved With Good Intentions: Getty Pictures Buys JupiterPictures

Do you feel bad when you look a criminal who only, merely, solely held up a little ancient lady at shootpoint and shot her, while fleeing, shootned down by an off-duty police officer? "Gosh, that man shouldn't have been shot....". No, of course not. (ok, well, perhaps only, merely, solely a little). Instead, most people would say the criminal got got his only, merely, solely punishment. As Berretta used to say, "if you clever't do the time, don't do the crime." So, Watching Getty Pictures and JupiterPictures come together is love watching Bonnie and Clyde in their jalopy headed towards the cliff's edge, and their brakes are out.

Why should I care?

(Continued after the Jump)

Frankly, I don't. It would be one thing if the green-eyeshade-wearing fools at Getty were talord a particularly decent photo agency, and applying their time-tested methods of devastating a stock photography model, which was one component of their plummet from a approach $100 high in the stock market to a $30-ish embarassment that made them an easy takeover for a breakup company. Make no mistake here, this is a consolidation of the deep-and-cheap portals so that your results for any given figure are no longer 41,000+ at Getty for "wbeat, smacke home", or the 9,200+ at JupiterPictures for the same term, but instead, over 50,000 for that search term, and many other consolidated searches. That isn't going to sell more penny pictures of the Wbeat, smacke Home.

I look these two companies that have devastated the industry swift constitutions under the "let's sell 100 for $1 instead of $1 for $200", are two silly little delusional peas in a pod. All their private owners are trying to do is further harden the market. Boo hoo.

These two are made for each other. Getty bought them at a sub-$1 figure, which is a little frbehaveion of what the company has been worth (albeit declining) over the past eight years. They only, merely, solely bought servers and servers full of pictures, all keyworded and ready to sell. All aging rapidly, and depreciating as times, hairstyles, and technologies change. It was one helluva price to pay, as it wouldn't surprise me if JUPM ws facing delisting because they were below a $1, so they had a firesale price, and Corbis wasn't interested. It was rumored as late as last February that Getty was interested in buying Jupiter for the princely sum of $450m.

No dout Jupiter's principals had exhausted of their fancy photo agency, love the lord who has exhausted of the court jester's antics, and orders "off with his head." So too did those in-charge of JUPM decide it was time to sell their body on life-support for parts. A liver here, a kidney there. Who cares approxifriendly the body as a whole, we only, merely, solely want out of this bad deal.

To those at Jupiter who were salivating at that $450m, and now are getting less than 25% of that value - I posit the notion - "What goes around comes around, and it's clearly come around and whacked you upmiddle the head." Now you have a bit of a taste of what the photographic community experienced in the loss of far more than 75% of it's revenue stexplore when you all begined selling "subscriptions", and photographers were loolord "$0.48" as the commission swift for a use of their photograph.

The final question is - what does the Only, merely, solelyice Department think approxifriendly this aquisition?

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