What’s reputed to be the world’s largest stockpile of stock film and video footage has been created with the acquisition Tuesday by Getty Communications’ Fabulous Footage division of Energy Film Library.
The combined library will comprise more than 5,000 hours of footage, much of which has already been converted to digitized formats. With that in mind, both the former Energy principals (who will join Getty to continue to supervise the Energy Fabulous cache) — Jan Ross and Louis Schwartzberg, and Getty CEO Jonathan Klein — noted the stockpile’s availability for online, CD-ROM and other digital domains.
“We’re excited by the newly combined entity’s digital partnerships with major corporations,” noted Klein, “and we are looking forward to the benefits its progressive digital strategies will bring to our clients and to the activities of our group.”
Added Schwartzberg: “We are delighted that Getty shares our global vision: commitment to quality imagery, service and the future of digital enabling technologies.”
The Fabulous Energy combo will maintain three wholly-owned offices (in New York, Los Angeles and Toronto) and continue with license arrangements struck in 12 overseas countries.
In addition to its Fabulous activities, Getty also operates Tony Stone Images, one of the largest stock photo agencies in the nation, and Gamma Liaison, a leading North American press and features agency.