Photoshot Acquires LFI And Idols Photo Agencies

Photoshot has announced that it is acquiring Imvest Limited

PRESS RELEASE

Charles Taylor, managing director of Photoshot, today announced the acquisition of Imvest Limited, owner of LFI and Idols, the Photoshot group’s 12^th acquisition.

Charles said, “The addition of LFI and Idols to our family of collections is another significant milestone in our plan to establish Photoshot as a quality based, full service, international, photo library group. LFI and Idols perfectly compliment our existing celebrity, music and portraiture collections, Retna, UPPA, Stay Still and Starstock making us a powerhouse in this area.”

“We are extremely excited at becoming the new custodian of these wonderful collections and will do everything possible to build on the long tradition of quality and service that LFI and Idols have provided for many years. “

“We have now bought a total of twelve complementary photo businesses since 2001,” Charles continued, “and service customers from wholly owned offices in New York, London, and Berlin. With this growth, we are confident that we will be a leading supplier of music and entertainment imagery in UK and beyond. Growth in this area fits with Photoshot’s plans to supply a broad range of quality imagery to picture buyers, be the image a live news picture, an archival record, an entertainment event or exclusive celebrity portrait, a travel shot or a wildlife image or a creative shoot. Photoshot is one of only a few agencies that can supply this mixture of live and stock imagery.”

David Jacobs, Managing Director of Imvest Limited says, “I am sure that this change of ownership will be great for LFI and Idols. The market has been difficult for all agencies in the last few years, and becoming part of a bigger, more diverse group will enable us to compete more effectively in the future. When looking for a company to build upon the existing strengths of Imvest, the previous owners wanted to make sure that they were dealing with a picture business committed to photographers and great photography. Photoshot has admirably demonstrated that it shares this desire with their acquisition of several other leading libraries and the way those businesses have thrived under the Photoshot umbrella.”