Paris based photo agency ABACAPRESS and German ddp group, each a leading press photo agency in their country, will join forces to increase photo production for their core business, and to develop innovative services for new markets and corporate brands.
Having worked together successfully since 2011, the two agencies have decided to further strengthen their cooperation. It is yet another step to broaden and expand the range of services offered by both agencies, and it is also a starting point for the formation of a major player in the European photo business.
„ABACA’s expertise in photography and its outstanding international production combined with the diversity of ddp group and its down-to-earth approach to new markets, will help both companies to grow and develop our joint digital and production strategy“ says ddp co-founder Katharina Doerk.
About ddp – visual content group :
ddp images is one of Germany’s leading independent press picture agencies. The renowned agencies laif, Picture Press, INTERTOPICS and Insight media also belong to the group. From its offices in Hamburg and Cologne an experienced team of 40 professionals guarantees premier service to clients in all media sectors. More than 40 million news, entertainment and creative ddp photos are currently available online and approximately 20,000 new images are edited every day; with the best being selected for ddp’s online database.
Managing partners are Katharina Doerk and Ulf Schmidt-Funke.
For more information, please visit www.ddp.media.
„We are very pleased to welcome the ddp owners as new shareholders in our company“ says ABACAPRESS CEO, Jean-Michel Psaila. „The two companies and the two teams share a common DNA regarding production and distribution of photo and video content. With more financial strength and with new team members, ABACA will increase momentum for further growth in France and for the development of innovative services for both traditional and new markets.“
„Acquiring an equity stake in ABACAPRESS is a significant milestone for our strategic partnership. Newswire services and global picture providers like Getty Images, Shutterstock, VCG or Adobe are already dominating the picture market in certain regions. By initiating a network of leading independent European agencies that are reliable, flexible and – most of all – produce relevant visual content, we are going to establish a very attractive alternative for traditional media clients and corporate brands in Europe.“ describes ddp co-founder, Ulf Schmidt-Funke the scope of the co-operation.
About ABACAPRESS :
ABACAPRESS is a leader on the French picture market. Producing editorial content (news, sport, fashion, entertainment) with staff photographers in France and USA, and distributing the most valuable pictures coming from its partners around the world. 15 million pictures are available on www.abacapress.com and more than 50 million through API.
Managing partners are Jean-Michel Psaila and Isabelle Castoldi.
For more information, please visit www.abacapress.com