Getty Images has announced that it will become a publicly-traded company on the US stock market. The company was valued at an enterprise value of $4.8 billion, and it’s going to be listed on the New York Stock Exchange under the ticker symbol “GETY.”
A Canada woman came across a photo of her mother mourning at one of the memorials for Indigenous children in the country. Discovering that the photo is sold and licensed through Getty Images, the woman raised concern and is even thinking of taking legal action.
Dallas-based digital marketing company CixxFive Concepts has recently filed a class action lawsuit against Getty Images. The lawsuit claims that Getty is allegedly licensing images that are in the public domain. But in addition to that, CixxFive Concepts also accuses Getty of using all kinds of “deceptive techniques” to make customers think that the company is the legal copyright holder.
President Donald Trump’s most recent financial disclosure has revealed an unusual agreement involving Getty Images and Melania Trump. In 2017, the First Lady has reportedly earned at least $100,000 in an agreement with Getty for the use of photos of the Trump family. But there’s a catch: the media are only allowed to use each of the 187 photos in “positive stories.”
Remember that a month ago image sharing platform 500px announced that they will shut their marketplace down? A closer look at the announcement by Redditor Ricky_Lee_Hasselhoff reveals that 500px are also killing their Creative Commons licensing option.
If you are unfamiliar with Creative Commons, you can read about it here, but in a nutshell, it’s a licensing scheme that allows others to use your photos without monetary compensation. Here is the nice thing about creative commons: it allows putting restrictions on usage. Things like an obligation to credit the artist or restricting from commercial use. Basically Creative Commons is a licensing platform that encourages sharing.
Getty Images has announced an exclusive distribution partnership with 500px. Starting from late June 2018, 500px Marketplace will quit direct sales and e-commerce. Instead, Getty Images customers will be able to access royalty-free content from 500px, along with over 300 million images already available on Getty.
You’ve probably noticed by now that Google has removed the “View Image” button from its Image Search. The decision helped Google to settle its dispute with Getty, but it has made many users unhappy. The community, then, is finding ways to reclaim the View Image button, somehow or another.
A few days ago, Getty and Google announced the upcoming changes as a result of a licensing deal. The announced changes have arrived, and now you can’t see the “View Image” button on Google any longer. Instead, if you want to see the photo, you’ll have to go directly to the website where it’s hosted.