Jupitermedia Acquires Thinkstock Photo Stock Company

Jupitermedia it has acquired the assets of Thinkstock and Thinkstock Footage for $4.0 million in cash, the assumption of certain limited liabilities and 50,000 restricted shares of Jupitermedia common stock. Thinkstock has been in the stock imagery and stock footage business since 1999 and is based in Charlotte, NC.

Jupitermedia CEO Alan Meckler explains why he bought the company: “Selling stock images online was popularized by the hugely successful Getty Images. Getty revolutionized the stock photography industry much like Amazon changed the book selling industry…Now Jupitermedia is going to further evolve the stock imagery business beyond what Getty has accomplished, much like Wal-Mart was able to better K-Mart and a host of other discounters in the past 30 years.”

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