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Digitalstock photo agency closes – Acquired by PantherMedia

PantherDigitalOnPAN
Notice: This in from PantherMedia CEO, Robert Walters
Munich, 08th of July 2014: The German stock photo agency PantherMedia acquires the stock photo agency Digitalstock

After 10 years of business, Digitalstock GmbH ceases its operation. Customers and photographers receive an exclusive offer to continue buying and selling photos online at panthermedia.net.

Every customer who is transferring his account from digitalstock.de to panthermedia.net receives three images for free. Existing deposits will also be transferred to PantherMedia with an exchange rate of one DIGIcredit to one XXL download on panthermedia.net. This may triple the value of the deposit, since one image was about one to three DIGIcredits. Besides free images and the exchange of credits, customers benefit from a much larger collection of 30 million images at panthermedia.net compared to only 800.000 images on digitalstock.de.
Photographers may opt in to their account transfer until the 31st of August 2014. Every photographer who is not already registered at PantherMedia, may transfer his account including the images without any additional work. Digitalstock pays out all existing photographers until 30th of September 2014, after sucessfully requesting the payout in their account.

They say: “As a small agency focused on the German market only, it was not possible for us to compete in this price driven market and to stay profitable“, explains Juergen Wunderle, CEO of Digitalstock GmbH. „Many thanks go out to our photographers and customers for the long lasting relationship. We have found a strong partner with PantherMedia who understands the German market and can trustfully continue the business relationships.”
“Digitalstock and PantherMedia are the pioneers in the German microstock market. With a common understanding of the German market and its service as well as image quality requirements, we are welcoming Digitalstock’s customers and will serve them according to their individual needs”, rejoices Robert Walters, CEO of PantherMedia.

• German based stockphoto agency digitalstock.de ceases its operations
• Customers can transfer their account including their deposit to PantherMedia
• Photographers are welcome to migrate their complete portfolio