TRILLIUM CAPITAL OUTLINES PATH FOR REVENUE GROWTH FOR GETTY

Rhea-AI Summary

On April 17, 2023, Trillium Capital LLC presented a revenue growth strategy for Getty Images Holding, Inc. (NYSE: GETY). The firm, holding over 500,000 shares, emphasizes the Board's fiduciary duty to enhance shareholder value. Key strategies outlined include:

• Expanding partnerships with Nvidia, Microsoft, and Adobe.
• Building metadata relationships with social media platforms like Facebook and Instagram.
• Encouraging university collaborations to promote user-generated content.
• Enhancing digital library partnerships with notable publications.

Trillium also advocates for the appointment of its Managing Partner, Scott Murray, to the Board, anticipating that his involvement will facilitate additional strategic initiatives. The statement emphasizes the potential for significant revenue growth through these collaborations.

Positive

• Identify potential strategic partnerships with Nvidia, Microsoft, Adobe, and social media platforms.
• Encourage user-generated content through educational partnerships.
• Highlight the possibility of substantial revenue growth.

Negative

• None.

BOSTON, April 17, 2023 /PRNewswire/ -- Today, Trillium Capital LLC announced that it has outlined a path for revenue growth for Getty Images Holding, Inc. (NYSE: GETY) ("Getty" or the "Company").

The principals of Trillium Capital LLC own over 500,000 shares of common stock and common stock equivalents of Getty. We believe that the Board of Directors of Getty (the "Board") has a fiduciary responsibility to maximize shareholder value for all stockholders.  Stewardship of a public company is an important responsibility for a Board.  This includes things such as selecting the right executive team, working with management to define the strategic path, building a sustainable and growing franchise and most of all creating value for all stakeholders.

Some of the points in our path to revenue growth for Getty are the following ideas:

• Expand partnership with Nvidia using their rendering capabilities/technology and leveraging Getty's deep metadata/tagging system (potential strategic buyer).
• Create a strategic relationship with Microsoft & Bing through their Open API system (potential strategic buyer).
• Create a strategic relationship with Adobe to combine with their extensive imaging collection (potential strategic buyer).
• Build a metadata relationship with Facebook and Instagram to upload digital photos and videos (potential strategic buyer).
• Build relationships with universities for students to upload and share photography and videos with large family and friend groups using Artificial Intelligence and Metadata.
• Expand the platform to upload photos and videos from such things as special events like sports, religious ceremonies or churches, museums, libraries, weddings, graduations, and family events.
• Partner with magazines and newspapers such as National Geographic, People Magazine, New York Times, The Washington Post, etc. to upload and download digital libraries.

The above are just some of our preliminary steps on the path to create massive revenue growth for Getty.  We continue to believe that our Managing Partner, Scott Murray, should be appointed to the Board. We are confident that many more great growth and strategic plans will come to the surface once he joins the Board.

SPECIAL NOTE REGARDING THIS LETTER:

THIS LETTER CONTAINS OUR CURRENT VIEWS ON THE VALUE OF SECURITIES CONDUENT INCORPORATED AND CERTAIN ACTIONS THAT THE BOARD OF DIRECTORS OF GETTY MIGHT TAKE TO ENHANCE THE VALUE OF ITS SECURITIES. OUR VIEWS ARE BASED ON OUR OWN ANALYSES OF PUBLICLY AVAILABLE INFORMATION AND ASSUMPTIONS WE BELIEVE TO BE REASONABLE. THERE CAN BE NO ASSURANCE THAT THE INFORMATION WE CONSIDERED AND ANALYZED IS ACCURATE OR COMPLETE. SIMILARLY, THERE CAN BE NO ASSURANCE THAT OUR ASSUMPTIONS ARE CORRECT. THE ACTUAL PERFORMANCE AND RESULTS OF GETTY MAY DIFFER MATERIALLY FROM OUR ASSUMPTIONS AND ANALYSES.

THIS LETTER ALSO REFERENCES THE SIZE OF OUR RESPECTIVE CURRENT HOLDINGS OF GETTY. OUR VIEWS AND OUR HOLDINGS COULD CHANGE AT ANY TIME. WE MAY SELL ANY OR ALL OF OUR HOLDINGS OR INCREASE OUR HOLDINGS BY PURCHASING ADDITIONAL SECURITIES. WE MAY TAKE ANY OF THESE OR OTHER ACTIONS REGARDING GETTY WITHOUT UPDATING THIS LETTER OR PROVIDING ANY NOTICE WHATSOEVER OF ANY SUCH CHANGES (EXCEPT AS OTHERWISE REQUIRED BY LAW).

FORWARD-LOOKING STATEMENTS:

Certain statements contained in this letter are forward-looking statements including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Due to such risks and uncertainties, actual events or results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Forward-looking statements can be identified by the use of the future tense or other forward-looking words such as "believe," "might, "expect," "anticipate," "intend," "plan," "estimate," "should," "could," "may," "will," "objective," "projection," "forecast," "continue," "strategy," "position" or the negative of those terms or other variations of them or by comparable terminology.

Important factors that could cause actual results to differ materially from the expectations set forth in this letter include, among other things, the factors identified in the public filings Getty. Such forward-looking statements should therefore be construed considering such factors, and we are under no obligation, and expressly disclaim any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/trillium-capital-outlines-path-for-revenue-growth-for-getty-301798322.html

SOURCE Trillium Capital LLC

FAQ

What revenue growth strategies did Trillium Capital propose for GETY?

Trillium Capital proposed partnerships with Nvidia, Microsoft, and Adobe, alongside collaborations with social media platforms for user-generated content.

How many shares does Trillium Capital hold in Getty Images?

Trillium Capital holds over 500,000 shares of Getty Images.

Who is advocating for a position on the Board for Getty Images?

Trillium Capital is advocating for its Managing Partner, Scott Murray, to be appointed to the Board of Getty Images.

When was Trillium Capital's announcement regarding Getty Images made?

The announcement was made on April 17, 2023.

What is the stock symbol for Getty Images?

The stock symbol for Getty Images is GETY.