Skip to content
Subscriber Only

Getty Images’ Outlook Blurs as Photo Rivalry Triggers Price War

Getty Images Inc., the photographic archive under pressure from low-cost competitors, is caught in a price war that’s sapping profits and undermining investors’ confidence in its finances.

The Seattle-based company this week revealed a drop in fourth-quarter profit that pushed its bonds to near-record lows of 63 cents on the dollar. Founded in 1995 and now controlled by private equity firm Carlyle Group LP, Getty owns or represents 170 million images including Alfred Eisenstaedt’s iconic World War II kiss in Times Square.