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PA Media Group Acquires Leading Stock Imagery Supplier Alamy

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PA Media Group Acquires Leading Stock Imagery Supplier Alamy

CEO Insights team , Press Release

The UK based news & information company, PA Media Group acquires Alamy, a leading supplier of stock imagery. This acquisition marks PA Media Group's entry into the stock imagery market for the very first time. Moreover, it 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 & entertainment data, content & services.

Alamy was founded two decades ago & since then has developed into one of the world's most diverse, creative & editorial stock imagery collections, comprising of almost 200 million photographs, vectors & 360-degree panoramic images. The organization has close to 100,000 customers in more than 150 countries, working across a range of sectors including publishing, design, advertising & broadcast. Evidently, Alamy is sure to 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 & news photography.

Commenting on this development, Clive Marshall, CEO,

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



PA Media Group, says, “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.” He adds to it, “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,” he adjoins.

Putting forth his views on this acquisition, James West, Co-Founder, Alamy, avers, “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,” he concludes.
Source : Press Release

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