Investment company action press AG group today increased their presence in the Europen photo content market – they just added German photo agency group ddp to their photo agencies action press and face to face GmbH.
action press AG say: ‘The acquisition of ddp media GmbH, which now belongs to action press AG, significantly expands the range of products and services offered by the action press group. Photo reports and features from all over the world, studio portraits of well-known personalities from politics, business and society, high-quality travel, creative and title productions, food content and recipe services, as well as photo syndication for publishers such as The New York Times, USA today, The Sun, The Times, The Sunday Times, Mondadori Photo, Gruner & Jahr and the Klambt media group, will enable the editorial range of services to be expanded significantly. The management of action press expects a positive contribution to the Group’s earnings in the first fiscal year after completion of the acquisition due to synergy effects.’
• The purchase price was a ‘mid-single-digit million’ amount.
• action press has 110 million digital assets in inventory, up to 50,000 new photos daily – 5,000 photographers and video producers in 120 countries – 130 partner agencies.
ddp Media GmbH owned by PAN friends Ulf Schmidt-Funke and Katharina Doerk can trace it’s name back to ddp Deutscher Depeschendienst founded in Hamburg in 1971, – the group includes Picture Press, Intertopics and FoodCentrale photo agency brands in addition to ddp media GmbH (Hamburg), laif Agentur für Photos & Reportagen GmbH (Cologne) and Stella Pictures AB (Stockholm) companies.
• For picture desks and ddp clients: Under the umbrella of the Holding, the agencies of the ddp group will be continued and developed completely independently. The teams you are familiar with will continue to be your contacts. The agencies will continue to focus on exclusivity, high quality and first-class service. Nothing will change in the relationships with our authors, partners and clients as a result of the takeover.
Related on PAN: Sept 2018 Action Press bought back from SilverHub Media administration