Photo agency deal
PA Media acquires stock imagery business Alamy
Alamy has 200 million images
PA Media Group, the UK-based news and information business, has announced the acquisition of Alamy, the global supplier of stock imagery.
Founded 20 years ago, Alamy has one of the world’s most diverse creative and editorial stock imagery collections, comprising almost 200 million photographs.
The business has close to 100,000 customers in more than 150 countries, working across a range of sectors including publishing, design, advertising and broadcast.
The acquisition sees the PA Media Group, formerly the Press Association, enter the stock imagery market for the first time. It also supports the group’s long-term strategy to diversify its business and consolidate its position as the UK’s leading provider of cross-platform news, sport and entertainment data, content and services.
Alamy will complement PA Media Group’s editorial picture syndication business, PA Images, whose archive charts more than 100 years of British history, along with royal, entertainment, sport and news photography.
Clive Marshall, chief executive of PA Media Group said: “This transformational acquisition will significantly increase our customer base and provide the PA Media Group with a strong presence in the international market for the first time.
“Alamy has created a fantastic ecosystem of content creators and content users around a superior e-commerce platform. The acquisition adds real scale and diversity to PA Media Group’s photo services. As a result, customers will have access to a wider, richer image portfolio which combines great editorial and stock imagery, accessible through a global platform.
“In addition, this acquisition will further strengthen the financial performance of the company and help secure the future of our core news agency business.”
James West, co-founder of Alamy, said: “PA Media Group is a natural home for Alamy. As well as having one of the UK’s most comprehensive photo archives, PA shares our ethos of integrity and quality, and has an excellent reputation built over 150 years.
“Alamy can look forward to a fantastic future as part of the PA Media Group.”
Together with PA Images’ live news, sport and entertainment photography service this acquisition will allow the two businesses to fully capitalise on the huge demand for both stock and news imagery from customers around the world.
In a message to contributors, Alamy said: “It’s business as usual at Alamy with no change in our service. We will continue to operate as before, with no current plans to change prices or terms.”