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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event Reported): January 7, 1999
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GETTY IMAGES, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 000-23747 98-0177556
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of
Incorporation) Identification Number)
2101 FOURTH AVENUE 101 BAYHAM STREET
FIFTH FLOOR LONDON NW1 0AG
SEATTLE, WASHINGTON 98121 ENGLAND
(206) 695-3400 (011 44 171) 544-3456
(Addresses, including zip code, and telephone numbers, including
area code, of principal executive offices)
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ITEM 5. OTHER EVENTS.
(i) Reference is made to the press release issued to the public by the
Registrant on January 7, 1999, the text of which is attached hereto as
Exhibit 99.1, for a description of the events reported pursuant to this
Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) EXHIBITS.
99.1 Text of press release dated January 7, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
DATE: January 13, 1999 GETTY IMAGES, INC.
By: /s/ JONATHAN D. KLEIN
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Name: Jonathan D. Klein
Title: Chief Executive Officer
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INDEX TO EXHIBITS
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EXHIBIT DESCRIPTION PAGE
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99.1 Text of press release dated January 7, 1999............... 5
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GETTY IMAGES APPOINTS NEW CFO
LONDON, Jan. 7 /PRNewswire/ -- Getty Images, Inc. (Nasdaq: GETY), a
leading international provider of visual content, today announced the
appointment of Christopher Roling as Chief Financial Officer, effective at the
end of January. A native of Seattle, Roling has been Chief Financial Officer at
Kellogg Europe since 1996. He also held financial and corporate positions
internationally with Pepsico, RJ Reynolds and Armstrong World Industries.
"Chris Roling has a tremendous store of experience and expertise as well
as the energy needed to help drive our business in the right direction," said
Jonathan Klein, Getty's Chief Executive Officer. "He joins us at a crucial and
exciting time as we accelerate the implementation of the strategies that will
change the way much of our industry currently does business. We look forward to
bringing more high quality imagery and services to far more customers than we
could have imagined only a few years ago. We are delighted to have Chris on
board to help us to manage these initiatives."
Roling's track record and experience in international finance and
operations will, Getty believes, enhance the strength of the senior management
team and thereby accelerate implementation of the company's strategy. Getty's
departing Chief Financial Officer, Lawrence Gould, has been with Getty since it
acquired Tony Stone Images and was Group Finance Director at Tony Stone Images
since 1990. At Getty, Gould successfully managed the expanding Group's finances
and its IPO. Gould is leaving to seek a broader role within an earlier stage
Internet business.
Since its IPO in July 1996, Getty has brought together leading image
providers in the areas of historic and contemporary photography and film as well
as in current affairs, sports and photojournalism, and in royalty-free digital
stock photography.
Getty already operates three successful full electronic commerce
Internet sites that sell over 400,000 images online. Digital sales accounted for
34 percent of Getty's total sales in the third quarter of 1998. Getty's newest
site was launched three months ago for its largest business, Tony Stone Images,
a world leading stock photography business. Later this year, Getty plans to
launch full web commerce for Hulton Getty, one of the largest archival
collections of imagery in the world. By making use of leading edge technology,
Getty believes that it is cementing its position in the visual content sector.
Getty Images has 30 million photographs and 13,000 hours of stock film
footage and is one of the leading international providers of visual content to a
diverse range of professional users of images, including advertising and design
agencies, magazines, newspapers, broadcasters, production companies and
traditional and new media publishers. Getty Images markets rights to images and
footage through its international network of wholly owned offices in 13
countries and agents in 54 countries.
Getty Images' high quality visual content collections include: Tony
Stone Images, one of the world's leading providers of contemporary stock
photography; PhotoDisc, a world leader in digital stock photography and
electronic delivery; Allsport, a leading world-wide sports picture agency;
Hulton Getty, one of the two largest privately owned collections of archival
photography in the world; Liaison Agency, a leading North American news and
reportage agency; and Energy Film Library, one of the world's leading stock
footage companies.
Further information about Getty Images is available at
http://www.getty-images.com. The Getty site includes links to each of the
following sites:
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http://www.tonystone.com
http://www.photodisc.com
http://www.allsport.com
http://www.hultongetty.com
http://www.liaisonphoto.com
http://www.digital-energy.com
SOURCE Getty Images, Inc.
Web Site: http://www.getty-images.com
