Exhibit 99.1

Getty Images Reports Financial Results for the Second Quarter of 2007

Key Initiatives in the Quarter Further the Company’s Digital Media Strategy

SEATTLE – August 1, 2007 – Getty Images, Inc. (NYSE:GYI), the world’s leading creator and distributor of visual content, today reported results for the second quarter ended June 30, 2007.

Quarterly Highlights

• Revenue increased 6.5 percent to $218 million compared to the second quarter of 2006

• Important strategic acquisitions of WireImage, Punchstock and Pump Audio were completed during the quarter

• Earnings per diluted share were $0.56 compared to $0.37 in the second quarter of 2006

• Cash provided by operating activities was $49 million in the quarter

“Soon after we founded Getty Images in 1995, we recognized that the breadth of creators and users of digital imagery would expand. This trend continues and we remain the leader in all areas and categories of the visual content industry from traditional stock photography to microstock. Furthermore, we are extending our leadership position in editorial imagery, footage and our imagery-related products and services, all of which have excellent growth potential,” said Jonathan Klein, co-founder and chief executive officer. “We are making wonderful strides with some of our newer businesses, including commercial music licensing and the opportunity for growth in the consumer market while remaining focused on stabilizing our traditional creative stills business.”

Revenue increased 6.5 percent to $218.0 million from $204.6 million in the second quarter of 2006. Excluding the effects of changes in currency exchange rates, revenue grew 2.4 percent. Growth in almost all areas of the business was partly offset by a decline in traditional creative stills imagery revenue.

As a percentage of revenue, cost of revenue was 26.7 percent, compared to 24.8 percent in the prior year due primarily to revenue growth in certain of the company’s product lines with average royalties that are higher than traditional creative stills imagery, in particular in editorial and microstock imagery.

Selling, general and administrative expenses (SG&A) totaled $84.1 million or 38.6 percent of revenue for the second quarter of 2007, compared to $77.9 million or 38.1 percent of revenue in the second quarter of 2006. Excluding $1.3 million of non-recurring professional fees, the effects of changes in currency exchange rates, and SG&A associated with acquired companies, SG&A declined on a year over year basis.

Income from operations was $53.1 million or 24.4 percent of revenue in the second quarter of 2007 compared to $41.2 million in the second quarter of 2006. Results for the second quarter of 2006 included a restructuring charge of approximately $16.5 million. Excluding this charge, income from operations for the second quarter of 2006 was $57.7 million, or 28.2 percent of revenue.

Net income for the second quarter of 2007 was $33.7 million with earnings per diluted share of $0.56, or $0.57 excluding non-recurring professional fees, compared to $23.2 million and $0.37 in the second quarter of 2006. Results for the second quarter of 2006 included a total of $14.1 million after taxes for a restructuring charge and a loss on the sale of short-term investments. Excluding these items, net income for the second quarter of 2006 was $37.3 million or $0.59 per diluted share.

Cash balances were $288.6 million at June 30, 2007. Net cash provided by operating activities during the second quarter of 2007 was $48.8 million. During the quarter, the company spent a total of $248 million for acquired businesses, of which $120 million was financed through the company’s senior credit facility and the remaining $128 million paid from existing cash balances.

Business Outlook

The following forward-looking statements reflect Getty Images’ expectations as of August 1, 2007. The company currently does not intend to update these forward-looking statements until the next quarterly results announcement.

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Getty Images, Inc.

Second Quarter 2007 Financial Results

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The company has announced a restructuring and related reduction in workforce of about 100 employees that will result in a charge of approximately $4.0 million in the third quarter of 2007 and is expected to result in annualized savings of approximately $20 million in staff and staff related costs. The company continues to focus on managing costs effectively while investing in the areas of the business that provide the best opportunities for growth.

For the third quarter of 2007, the company expects revenue of approximately $210 million and diluted earnings per share of $0.43. Excluding approximately $0.04 for restructuring costs, diluted earnings per share would be $0.47.

For full year 2007, the company expects revenue of approximately $855 million and earnings per share of approximately $2.18. Excluding approximately $0.04 for restructuring costs in the third quarter of 2007, diluted earnings per share would be $2.22.

Guidance for 2007 assumes just over 60 million fully diluted shares for both the third quarter and for the full year.

Web cast information

The company will host a conference call today at 2:00 pm PT. The dial-in number is 877.502.9273 (North America) or 913.981.5582 (international). There will be a live web cast of the conference call, which can be accessed from the Investors page in the About Us section of the Getty Images Web site at www.gettyimages.com. The company will also provide a replay of the conference call at 888.203.1112 (North America) or 719.457.0820 (international), confirmation number 6421437, until August 3, at 9:00 pm PT. The web cast will be archived on the Getty Images Web site and will be available until August 1, 2008. Supplemental statistical information referenced in the conference call will be available in the Investors section of the Web site.

About Getty Images

Getty Images is the world’s leading creator and distributor of visual content and the first place creative professionals turn to discover, purchase and manage imagery. The company’s award-winning photographers and imagery help customers create inspiring work which appears every day in the world’s most influential newspapers, magazines, advertising campaigns, films, television programs, books and Web sites. Headquartered in Seattle, WA and serving customers in more than 100 countries, Getty Images believes in the power of imagery to drive positive change, educate, inform, and entertain. Visit Getty Images at http://gettyimages.com.

Some of the statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, assumptions and projections about our business as of the time the statements are made. These forward-looking statements are not guarantees of future performance and are subject to certain risks and uncertainties that could cause our actual results to differ materially from our past performance and our current expectations, assumptions and projections. Differences may result from actions taken by us as well as from risks and uncertainties beyond our control. These risks and uncertainties include, among others, the risks associated with currency fluctuations, changes in the economic, political, competitive and technological environments, and the risks associated with system security, upgrades, updates and service interruptions. The foregoing list of risks and uncertainties is illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review the reports filed by us with the Securities and Exchange Commission, in particular our Quarterly Report on Form 10-Q for the quarter ended March 31, 2007 and Amended Annual Report on Form 10-K/A for the year ended December 31, 2006. Except as required by law, we do not intend to update or revise any forward-looking statements until our next quarterly earnings release.

Contacts:
Investors:	Media:
Alan Pickerill	Deb Trevino
Director, Investor Relations	Vice President, Communications
206.925.6355	206.925.6474
alan.pickerill@gettyimages.com	deb.trevino@gettyimages.com

Getty Images, Inc.

Second Quarter 2007 Financial Results

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(unaudited)

	THREE MONTHS ENDED JUNE 30,						SIX MONTHS ENDED JUNE 30,
	2007			2006			2007			2006
(In thousands, except per share amounts)
Revenue	$	217,957		$	204,608		$	430,607		$	405,037
Cost of revenue (exclusive of items shown separately below)		58,188			50,681			113,024			102,947
Selling, general and administrative expenses		84,091			77,861			165,494			152,137
Depreciation		15,083			13,260			29,627			25,517
Amortization		7,090			5,182			12,316			8,913
Restructuring costs		443			16,492			1,405			16,927
Other operating income		(16	)		(34	)		(43	)		(1,198	)
Operating expenses		164,879			163,442			321,823			305,243
Income from operations		53,078			41,166			108,784			99,794
Investment income (loss)		2,321			(1,203	)		5,615			2,813
Interest expense		(1,714	)		(377	)		(2,148	)		(734	)
Other non-operating income (expenses)		271			(668	)		(524	)		(622	)
Income before income taxes		53,956			38,918			111,727			101,251
Income tax expense		(20,303	)		(15,751	)		(40,044	)		(39,045	)
Net income	$	33,653		$	23,167		$	71,683		$	62,206
Earnings per share
Basic	$	0.57		$	0.38		$	1.21		$	1.00
Diluted		0.56			0.37			1.19			0.98
Shares used in computing earnings per share
Basic		59,236			61,508			59,212			61,916
Diluted		60,175			62,902			60,142			63,397

Getty Images, Inc.

Second Quarter 2007 Financial Results

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CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

	JUNE 30, 2007			DECEMBER 31, 2006
(In thousands)
ASSETS
Current assets
Cash and cash equivalents	$	288,578		$	339,466
Accounts receivable, net		131,738			121,232
Prepaid expenses		19,533			13,685
Deferred income taxes, net		9,548			11,142
Income taxes receivable		13,922			—
Other current assets		3,624			1,500
Total current assets		466,943			487,025
Property and equipment, net		159,709			147,133
Goodwill		1,217,413			1,001,027
Identifiable intangible assets, net		132,397			77,234
Other long-term assets		2,001			1,965
Total assets	$	1,978,463		$	1,714,384
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$	94,130		$	74,297
Accrued expenses		36,327			39,412
Income taxes payable		—			6,353
Short-term debt		385,000			—
Deferred revenue		15,518			12,897
Other current liabilities		319			242
Total current liabilities		531,294			133,201
Long-term debt		—			265,000
Deferred income taxes, net		40,741			11,596
Other long-term liabilities		66,032			56,350
Total liabilities		638,067			466,147
Stockholders’ equity
Common stock		627			626
Additional paid-in capital		1,329,501			1,321,645
Common stock repurchased		(207,676	)		(207,676	)
Retained earnings		158,970			91,459
Accumulated other comprehensive income		58,974			42,183
Total stockholders’ equity		1,340,396			1,248,237
Total liabilities and stockholders’ equity	$	1,978,463		$	1,714,384

Getty Images, Inc.

Second Quarter 2007 Financial Results

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

SIX MONTHS ENDED JUNE 30,	2007			2006
(In thousands)
Cash flows from operating activities
Net income	$	71,683		$	62,206
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		29,627			25,517
Amortization of identifiable intangible assets		12,316			8,913
Deferred income taxes		10,043			3,218
Changes in income tax reserves		7,005			132
Employee stock-based compensation		6,742			7,210
Bad debt expense		2,230			2,165
Restructuring costs		1,405			16,927
Other changes in long-term assets and liabilities, net		(666	)		228
Loss on sale of available-for-sale investments		—			3,956
Changes in current assets and liabilities, net of effects of business acquisitions
Accounts receivable		(5,663	)		5,186
Accounts payable		8,232			(308	)
Accrued expenses		(13,796	)		(16,862	)
Income taxes payable		(11,717	)		(834	)
Changes in other current assets and liabilities, net		(3,684	)		3,758
Net cash provided by operating activities		113,757			121,412
Cash flows from investing activities
Acquisitions of businesses, net of cash acquired		(252,738	)		(194,943	)
Acquisition of property and equipment		(35,768	)		(35,139	)
Proceeds from available-for-sale investments		—			304,443
Acquisition of available-for-sale investments		—			(9,330	)
Other investing activities		(451	)		300
Net cash (used in) provided by investing activities		(288,957	)		65,331
Cash flows from financing activities
Senior credit facility borrowing		120,000			—
Proceeds from the issuance of common stock		1,844			5,600
Common stock repurchased		—			(161,449	)
Other financing activities		(1,798	)		2,400
Net cash provided by (used in) financing activities		120,046			(153,449	)
Effects of exchange rate changes		4,266			3,082
Net (decrease) increase in cash and cash equivalents		(50,888	)		36,376
Cash and cash equivalents, beginning of period		339,466			223,084
Cash and cash equivalents, end of period	$	288,578		$	259,460