Shutterstock (www.shutterstock.com ), the world's largest subscription-based stock photo agency, will amend its fee structure. This marks the first change to Shutterstock's prices in over two years, a period during which Shutterstock's photo library has quadrupled in size. The price increase ensures that Shutterstock will be able to maintain the high standards for which it has become known. Terms remain the same: subscribers will still be able to download 25 images every day (that's 750 every month!) to be used royalty-free forever.

New rates are as follows:
1 month subscription     $159
3 month subscription     $449
6 month subscription     $849
1 year subscription      $1,599

Company also Completes Evaluation Regarding Future Use of Certain New York Facilities

SEATTLE - May 23, 2006 - Getty Images, Inc. (NYSE: GYI), the world's leading creator and distributor of visual content, today announced that its board of directors has approved an increase to its share repurchase program of $100 million, bringing the total of the approved plan to $250 million. Shares repurchased under this program may be made at such times and in such amounts as management deems appropriate. At April 28, 2006, the company had approximately 62.4 million shares of common stock outstanding.

As a result of the increase in the share repurchase program, the Company has decided to sell certain short-term investments that are in loss positions that it had previously intended to hold. Selling these investments will result in a non-recurring, pre-tax charge of approximately $4 million in the second quarter of 2006. These previously unrealized losses had been disclosed in the Company's most recent Quarterly Report on Form 10-Q.