Thursday, June 07, 2007

Apparently it's a need to know basis ...

Stock Tips: News From Photo Agencies: "In the next four months Getty Images plans to launch new a new consumer business and a music licensing service.

Some rare hints about upcoming products came during a presentation last Wednesday by Getty CEO Jonathan Klein at an Internet conference organized by Goldman Sachs.

'We plan to launch a consumer business in the next 90 to 120 days,' Klein said, without revealing what the business is. He mentioned this in connection with Getty's new strategy of operating multiple Web sites for different customers – including, and new acquisition PunchStock.

Klein also expressed hope that the text-only search ads sold through Google will eventually incorporate multimedia content, like photos and video, both of which Getty provides. On that note, he added, 'We will be providing music to our customers within 90 days.'"

All I can say is that that is more information then I would have been able to tell you.

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