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Technology Stocks
GETY: GETTY IMAGES INC. Huge/Undiscovered Net Potential!
An SI Board Since June 1998
Posts SubjectMarks Bans Symbol
47 3 0 GETY
Emcee:  Billy Barooo Type:  Unmoderated
Looks to be an excellent investment opportunity here over the next 6-12 months as the recent Photodisc Inc. integration and forthcoming rollout of Tony Stone Online drive revenues and cut costs. Brokerages following GETY all rate as Strong Buy with $30 to $40 price targets. Long term potential looms even larger as this company is poised to benefit greatly from a networked world. Remember to perform your own due diligence, a prerequisite for those searching for their diamond in the rough.

Getty Images commenced operations on February 9, 1998 following the Scheme of Arrangement with Getty Communications and the acquisition of PhotoDisc. On February 10, 1998 the Company acquired Allsport.

Getty Images' sales are primarily derived from the marketing of image reproduction and broadcasting rights to a range of business customers. Sales generally comprise a large number of relatively small transactions involving the sale either of single
images, video and film clips or of CD-ROM products containing between 100 and 300 images. Getty Images utilizes a variety
of digital and analog distribution platforms, including electronic commerce via the Web, CD-ROMs, 35mm film, video and
traditional analog transparencies. Prices are determined by the extent of rights granted over the use of the image or clip and can
vary significantly across geographic markets and customer groups. Sales are also generated from subscription or bulk purchase
deals where customers are provided access to imagery on-line.

Getty Images' cost of sales consists primarily of payments to contributing photographers and cinematographers. These suppliers
are under contract to the Company and receive payments of up to 50% of sales depending on the product sold and the location
of the sale. Minimal payments are due for sales of Hulton Getty's and Allsport's imagery as sales of most of the images in these
collections do not require commission payments. This is also the case with approximately 25% of the footage at Energy Film
Library. Also included in cost of sales is the cost of CD-ROM production at PhotoDisc.

Getty Images' selling, general and administrative expenses include salaries and related staff costs, premises and utility costs, and
marketing and catalog costs. These costs have increased recently largely as a result of acquisitions and also to support the
growth of the business. In the case of Allsport, staff costs include salaries of photographers who are employed directly by the

Getty Images amortizes goodwill and other intangibles and depreciates the cost of the investment in dupes, digital files, the
archival picture collection, computer systems and other fixed assets over their expected useful lives. The acquisition of
PhotoDisc and Allsport generated $239 million of goodwill that will be amortized over twenty years and $51 million of other
intangibles that will be amortized over periods varying from one to three years.

As a result of Getty Images' various acquisitions and their consequential financial and accounting effects on net income, Getty
Images believes that EBITDA provides investors and analysts with an appropriate measure of the operating performance of
Getty Images. Getty Images defines EBITDA as earnings before interest, taxes, exchange gains/(losses), depreciation and

The Company experienced an increase in the rate of demand for the digital search, selection and fulfillment of imagery during
1997 and the first quarter of 1998, particularly in North America, and believes this trend will continue, especially in more
developed markets. As a result, the Company intends to increase the rate of capital expenditures in digitization in 1998 and
1999, building on the significant investment made in 1997.

At the same time, the Company is planning to integrate various parts of the business following the acquisitions of PhotoDisc and
Allsport. It is anticipated that an exceptional charge of up to $10 million will be booked in either the second or third quarter of
1998. The charge will cover the one-time charges arising from the acquisitions of PhotoDisc and Allsport and their integration
and the related reorganization of the Company's businesses.
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47Getty Images to List in $4.8 Billion Deal With Neuberger SPAC By Crystal Tse BGlenn Petersen-1/16/2022
46 What's the news stock moving up parties in Fremont on Friday&lehoogie-3/23/2000
45 Getty Images Announces Exclusive Marketing Alliance With Adobe Systems; AgreemREH-10/27/1999
44 Getty Images Partners with Prestigious Bridgeman Art Library to Bring Art ImageREH-10/14/1999
43 news: and at stocksandmoney.comREH-9/22/1999
42 This is not my kind of stock...way too much hype...I want no involvement in itAxxel-8/31/1999
41 Bull Run Picks BullRun Members, We want to alert our members of a stock we hMoahiat-8/31/1999
40 The fund that purchased the stock had to announce that because they are more thMoahiat-8/31/1999
39 Undiscovered? Deerbrook Publishing Group Inc ( DBPG)moved from 20 cents to almoAxxel-8/30/1999
38 If you like GETY then you would love DBPG, is launching tMoahiat-8/30/1999
37 From the newsletter...FYI: Getty Images [GETY-18.1875] Let's go back to acAxxel-8/25/1999
36 Let me give you one, DBPG - Deerbook Publishing Group and Artup.comMoahiat-8/15/1999
35 Getty Images Signs Deal With To Auction Off Art Dow Jones Online NeREH-6/24/1999
34 Getty Images' Joins Auctions PR Newswire, Wednesday, JuREH-6/23/1999
33 InterNAP Signs Deal With to Provide High-Speed Internet Connection BusREH-6/11/1999
32 Getty Images' Partners with Key Women's Web Sites PR Newswire,REH-6/3/1999
31 Getty Images' Increases Commitment to Online Partners Including AOLREH-5/19/1999
30 is putting up a vertical stock portal for Getty Images. heggeREH-5/5/1999
29 Growing E-Commerce Sales Boost Getty Images' Strong First Quarter Results REH-5/5/1999
28 Photography House Getty Images To Buy For About $200 Million Dow JonesREH-5/5/1999
27 Growing E-Commerce Sales Boost Getty Images' Strong First Quarter Results REH-5/5/1999
26 GETY had a great day today, after the Amazon news. It broke out to a new 52 weEric P-4/27/1999
25 Getty Images' PhotoDisc Inks Deal With Amazon.Com; PhotoDisc to be Premier REH-4/27/1999
24 Getty Images Named As One of Business 2.0's Top 20 'Hottest Companies OREH-4/23/1999
23 Getty Images Adds John C. Gonzalez to Business Development Team; Gonzalez'sREH-4/20/1999
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