Acquiring additional revenues as strategy to grow in economically more promising areas: sources indicate that Getty Images has acquired french photo agency ABACA Press and its US subsidiary Abaca Press Americas.
It is said that the contracts were signed on Friday last week.
ABACA Press, with offices in New York and Paris, is best known for its entertainment, celebrity, news, portrait and sports photos, just like MediaVast and its brands.
Abaca US says it has about 400,000 images in its database. Some of these images are also available through the Digital Railroad platform which in all likelihood will lose this customer after Getty´s (rumored) acquisition.
UPDATE!
My information needs to be corrected. I picked this story up off the StockPhotoTalk website.
But, I have just been in contact with Nick (ZeFrenchiePhotog), and he says things are 'talk only' and nothing has been signed.
I apologize for the misinformation.
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