ExtortionLetterInfo Forums
ELI Forums => Getty Images Letter Forum => Topic started by: SoylentGreen on January 31, 2012, 12:15:43 PM
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Masterfile / Arius3D deal deadline is today...
Inb4 shitstorm!!
S.G.
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Here we go again! A slow burn or rather transfer of assets.....
http://www.reuters.com/article/2012/02/01/idUS21983+01-Feb-2012+MW20120201
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Only thing that surprises me is that there wasn't another large transfer of assets. But at least the current board keeps drawing a salary as they submarine that company.
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It's pretty clear that Steve Pigeon wants to get out of MF and the stock photo business.
I can't say that I blame him. But, any new owner of MF would have to make sweeping changes to stay competitive.
It would probably be easier for someone to start a completely new company with a different business model.
Rather than buy MF and then try to fix it, that is. They should have made changes many years ago to stay competitive.
In the words of GE’s former CEO: “Change or die”. The company's value rose 4000% during his tenure.
S.G.
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What do you want to bet that MF's "organic" growth is not from selling photos?
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Yes, they probably make more from legal threats than traditional sales.
I think that there was probably some good growth in the first five years after the web became "graphical".
Back then, many businesses equated a cool website with increased sales.
Now, customers are are savvier with their purchases; the actual product and how a site functions is more important than appearance.
Business people who need a website aren't concerned with the "cool factor" so much these days.
They want to talk numbers. Now, people will use more economical images for the most part.
You know what else grows "organically"? Mold.
S.G.
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Oh gosh, You just had to bait me.
How about lice, leeches, parasites, bacteria, fungus, viruses, plague, bottom-feeders, mildew?
I feel better saying those words.
You know what else grows "organically"? Mold.