Getty Images Named As One of Business 2.0's Top 20 'Hottest Companies On The Net'
PR Newswire, Friday, April 23, 1999 at 13:22
SEATTLE, April 23 /PRNewswire/ -- Getty Images, Inc. (NASDAQ:GETY) ranked
number 19 on the Business 2.0 list of the "100 Hottest Companies on the Net"
in the publication's May 1999 issue.
Business 2.0 cited the company's "long-term approach to return on
investment" as one of the factors that set it apart. Getty Images is joined
in the top 20 "best and brightest e-commerce companies" by market leaders Dell
Computer, America Online, Amazon.com, Yahoo, Charles Schwab, eBay, and E*Trade
Group.
"We are delighted to be recognized in such good company," said Jonathan D.
Klein, co-founder and Chief Executive Officer of Getty Images. "As the
leading global provider of imagery, we are committed to continuing to expand
our online business as a more efficient sales and distribution channel and as
a significant marketplace. As the marketplace becomes increasingly global and
technology becomes more accessible, imagery is becoming more prevalent online,
a trend that will only increase with the emerging broadband Internet."
At the end of March 1999, Getty Images had more than 90,000 registered web
customers on its tonystone.com and photodisc.com full
e-commerce web sites.
In compiling the list, Business 2.0 researched more than 600 candidate
companies and considered such factors as annual web revenue, purity of web
business and growth momentum.
About Getty Images
Getty Images, Inc. (NASDAQ:GETY), with 30 million photographs and more
than 13,000 hours of film, is the leading international provider of visual
content to a diverse range of professionals in advertising and graphic design,
magazine, book and newspaper publishing, broadcasting, production, and new
media publishing. Getty Images markets rights to images and footage through
its web sites, its international network of wholly owned offices in 17
countries, and agents in more than 50 countries. The company has
approximately 1,350 employees worldwide, and reported revenues of
approximately $185 million in 1998. Getty Images strategy is to use
electronic commerce to enhance its services and extend its market, and this
effort is well underway with three successful business-to-business web sites
already available: tonystone.com, photodisc.com and
allsport.com. The company plans to launch a hub web site for all
its content brands as a first step towards a complete desktop working
environment for the global creative market. The company's market leading
visual content brands include: Tony Stone Images, the world's leading
contemporary stock photography brand; PhotoDisc, the world leader in digital,
royalty-free stock photography; Allsport, the world leading sports photography
brand; Hulton Getty (http://www.hulton-getty.com), one of the largest
privately owned collections of archival photography in the world; Liaison
Agency (http://www.liaisonphoto.com), a leading North American news and
reportage brand; and Energy Film Library (http://www.digital-energy.com), one
of the world's leading stock footage brands. Further information is available
from the Getty Images web site at getty-images.com.
SOURCE Getty Images, Inc.
-0- 04/23/99
/CONTACT: Laurie McEachron of Getty Images, 206-269-1769, or
laurie.mceachron@seattle.getty-images.com; or Madeline Hardart of Hill &
Knowlton, 212-885-0417, or mhardart@hillandknowlton.com, for Getty Images/
/Web site: getty-images.com
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