Getty Images Acquired Motorsport Images; Terms Not Disclosed
Portfolio Pulse from Charles Gross
Getty Images (NYSE:GETY), a leading global visual content creator and marketplace, has acquired Motorsport Images, a specialist motorsport archive. The acquisition includes Motorsport Images' operative arm LAT Images and its Sutton, Schlegelmilch, Colombo, and Dukes Video archives. The terms of the acquisition were not disclosed.
April 02, 2024 | 10:05 am
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Getty Images acquires Motorsport Images, expanding its archive with specialized motorsport content.
The acquisition of Motorsport Images by Getty Images is likely to have a positive short-term impact on GETY's stock price. This move not only expands Getty Images' archive and offerings in the specialized niche of motorsport content but also signals the company's aggressive expansion and diversification strategy. While the terms were not disclosed, the acquisition is strategic, potentially opening new revenue streams and strengthening Getty Images' position in the visual content market.
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