Veer has signed a definitive agreement to acquire Solus Images. Financial terms were not disclosed. The agreement marks Veer's second acquisition in just over a month. (The first was Jukebox Typeface Foundry of Hollywood, CA.) These two acquisitions demonstrate the company's commitment to expanding its business by bringing more of the content acquisition under its direct ownership or control.
a21, Inc. has announced that it has completed the due diligence process and signed a Definitive Agreement to acquire SuperStock. Financing is expected to be completed in 120 days. The due diligence process with nonstock to determine an acquisition price is continuing.
This addition has a report on Getty's third quarter revenue which uas up slightly on a down trend in number of items sold, and Getty's Adjustment of Search Results to put more emphasis on RM. In addition there are senior staff changes at Corbis, and stories on Performance Bonds, the Property Release Dilemma and several stories on RF's Impact on Stock Revenue and the future implications of RF.
In this issue Hemera Images offers non-subscription downloads for $4.95 for 5 images and $.99 thereafter; Zefa changes management in The Netherlands, TrendWatch statistics; Index Stock wins award; Canon digital camera production; Kodak getting out of film; and suggestion for cashing Royalty Checks made out in foreign currency.
Jose Azel's Independent Photography Network (IPN) has been sold to VNU Corporation, parent company of PDNOnline. PDN will operate the new portal that will be at www.IPNstock.com as a service to photographers and stock agencies and an extension of its mission to ''serve the photo community''. PDN does not intend to become an agency itself.