ExtortionLetterInfo Forums
ELI Forums => Getty Images Letter Forum => Topic started by: Greg Troy (KeepFighting) on March 14, 2015, 11:24:41 PM
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Today Getty Images chairman and CEO Jonathan Klein announced he was stepping down as CEO as soon as a successor can be found.
http://gettyimagesmustchange.com/site/getty-images-ceo-jonathan-klein-announces-he-is-stepping-down/
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This is big news! Once again, Greg is ahead of the pack in sharing with the ELI Community. Here are some additional articles regarding Getty Images CEO resignation.
http://www.seattletimes.com/business/technology/co-founder-of-getty-images-steps-down-as-ceo-amid-heated-competition/
http://www.bloomberg.com/news/articles/2015-03-13/getty-images-ceo-jonathan-klein-steps-down-amid-photo-price-war
http://www.bloomberg.com/news/articles/2015-02-25/carlyle-s-getty-images-said-to-run-tight-on-cash-as-profit-drops
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I find it ironic that Getty Images is trying to sell to the very "midstock" market they have pissed off by the hundreds over the years.
The Seattle Times writes:
But it has been trailing in the burgeoning “midstock” market, meaning less expensive stock photography that’s often used on the web, where challengers such as Shutterstock and Fotolia have taken increasing market share, analysts said.
Give the business to the Getty competitors Shutterstock and Fotolia, I say! Shutterstock and Fotolia never tried to sue their potential customers!
Well, as far as I am concerned, the Seattle Times has done the ELI Community a favor and just given free advertisement to Shutterstock and Fotolia.
Essentially, don't buy from any Getty Images affiliate. Let Getty Images burn all their cash, go bankrupt, and go down in flames I say. And all those in the Copyright Compliance department can be thrown to the streets for being stupid enough to work for Getty Images.
I commend the prior ex-Copyright Compliance employees for leaving when they did. Chloe S. (the person I dealt with in 2008) was smart enough to leave years ago and not deal with the Getty Images shit.
They need to do themselves a favor and get out of that shit-hole business before they tarnish their professional reputation and career further. Interestingly, I have not heard any rumblings from Scott Wilsdon in a long time. I wonder if he is still prostituting himself to Getty Images shitty and hated reputation. If he has left Getty, then he obviously got smart very quickly.
Anyone who tries to stay with Getty Images is likely to have their professional reputations tarnished because of all the hate they have generated in the last 10 years.
I am so looking forward to future news releases! The ELI Readership can rejoice in watching Getty Images financially flame out and watch employee heads roll.
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This news may explain Timmy McCormack's behavior the last few years.
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I am on record years ago for saying "suing your potential customers is not a sustainable business model." Burning through a third of Getty's cash in a year seems to enforce that prediction. I try not to partake in Schadenfreude http://en.wikipedia.org/wiki/Schadenfreude (http://en.wikipedia.org/wiki/Schadenfreude). But in Getty's case, I am overjoyed to make an exception.
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Jerry,
It was worse than that, they burned through that cash in the last quarter!
I am on record years ago for saying "suing your potential customers is not a sustainable business model." Burning through a third of Getty's cash in a year seems to enforce that prediction. I try not to partake in Schadenfreude http://en.wikipedia.org/wiki/Schadenfreude (http://en.wikipedia.org/wiki/Schadenfreude). But in Getty's case, I am overjoyed to make an exception.
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I love this! I learned a new word! Schadenfreude
I think it is safe to say that most people would not engage in Schadenfreude. But where Getty Images and their ilk are concerned, MANY people are making that exception.
I am on record years ago for saying "suing your potential customers is not a sustainable business model." Burning through a third of Getty's cash in a year seems to enforce that prediction. I try not to partake in Schadenfreude http://en.wikipedia.org/wiki/Schadenfreude (http://en.wikipedia.org/wiki/Schadenfreude). But in Getty's case, I am overjoyed to make an exception.