Global digital media leader Getty Images celebrates 20 years of innovation, disruption and success; announces plans for future
Getty Images embraces the consumer space; Co-Founder and CEO Jonathan Klein transitions into new role as Chairman
New York – March 13, 2015: Getty Images, the world leader in visual communications, today celebrates its 20th anniversary. For the past 20 years, Co-Founder and CEO Jonathan Klein has led Getty Images as it pioneered every significant industry innovation, establishing the company as the pre-eminent business and brand in the market globally. Today, Getty Images announces plans to expand its footprint in the consumer space, as Jonathan Klein transitions into a new role as Chairman.
As Chairman, Klein will remain instrumental in determining strategy, direction and vision for Getty Images. At the same time, this move paves the way for a new CEO to lead day-to-day operations at a time when the company is building upon its market leadership and growth in editorial imagery, premium stills and video, forging new opportunities in the consumer and data spaces and continuing to focus on its midstock offering, iStock by Getty Images.
“Getty Images has a 20 year history of leadership, disruption and innovation and we look forward to a strong and successful future. We continue to build on the success of recent changes implemented in our market-leading midstock business and are eager to fulfil the potential of a more consumer-facing strategy. With a strong leadership team in place, the time is right for me to transition to the role of Chairman,” said Jonathan Klein, Co-Founder and CEO, Getty Images.
“Mark Getty and I created Getty Images because we believe that imagery has the power to change the world. That is truer today than ever before. Visual content is playing an increasing role in the way the world communicates and we see great opportunities ahead. I have every confidence in our business, our people, our award-winning content and our unrivalled expertise. Getty Images’ 20th anniversary is an excellent time to hand the reins to our next CEO, who will build on these strong foundations.”
Under Klein’s leadership, Getty Images led the industry into the digital age and has been responsible for every major innovation in the visual content business. From moving the industry online to driving the growth of royalty-free photography, disrupting the industry with the introduction of crowd-sourcing through iStock by Getty Images and establishing market leadership in news, sport and entertainment imagery as well as in video, Getty Images has always been at the forefront.
More recently, Getty Images shook up the industry with the decision to make its imagery available for easy sharing for non-commercial use at no cost through its embed tool. The success of the tool serves as the foundation of Getty Images’ consumer businesses.
Today the company disrupts once again with the launch of its bold new consumer website, which enables seamless sharing of content and introduces hand-curated ‘best of’ galleries. Designed for people who are passionate about photography, the new experience caters to the 97 per cent of visitors to www.gettyimages.com who enjoy viewing the world’s best imagery, rather than licensing for commercial or editorial purposes.
“Jonathan and I could not be more proud of where Getty Images is today. From digitization to e-commerce, crowd-sourced imagery, keyword and image search technologies, visual trend expertise and novel content partnerships, Getty Images, the biggest player in the visual content business, continues to embrace disruption and drive the global industry forward,” said Mark Getty, Co-Founder and Chairman, Getty Images. “Jonathan has successfully and passionately driven our company forward for 20 years as CEO. He moves on to his new role at a time when Getty Images is in strong shape and well placed to continue to lead.”
Eliot Merrill, Managing Director, The Carlyle Group, said, “Jonathan built Getty Images into an iconic global brand. We support his move to Chairman and we are pleased he will continue as our partner once a new CEO is named. We are excited about Getty Images’ future and look forward to fostering the continued growth of this remarkable company.”
Klein also holds leadership roles in the fields of global health, education and international press freedom. He is chairman of Friends of the Global Fight Against AIDS, Tuberculosis and Malaria; serves on the board of Grassroot Soccer and is also on the board of the Committee to Protect Journalists. He is president of the board of trustees of Groton School and serves on the boards of directors of Etsy, Squarespace, Getty Images and Getty Investments. Klein will continue to serve as CEO until a successor is appointed.
Notes to editors: A lightbox of 20 of Getty Images’ most iconic images can be viewed here. For use, please contact email@example.com. For any questions, imagery requests, please contact: firstname.lastname@example.org
About Getty Images:
Getty Images is the world’s leader in visual communication, with over 170 million assets available through its premium content site www.gettyimages.com and its leading stock content site www.istock.com. With its advanced search and image recognition technology, Getty Images serves business customers in more than 100 countries and is the first place creative and media professionals turn to discover, purchase and manage images and other digital content. Its award-winning photographers and content creators help customers produce inspiring work which appears every day in the world’s most influential newspapers, magazines, advertising campaigns, films, television programs, books and online media. Visit Getty Images at www.gettyimages.com to learn more about how the company is advancing the unique role of digital media in communications and business, and enabling creative ideas to come to life. For company news and announcements, visit press.gettyimages.com, and for the stories, innovation and inspiration behind our content, visit Stories & Trends http://stories.gettyimages.com. Find us on Facebook at www.facebook.com/gettyimages , Twitter at https://twitter.com/GettyImages, or download Stream, our free consumer app, to view and share the world’s best imagery.
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