London based Imagestate Media Ltd has ceased trading
Imagestate Media Ltd and Imagestate Media Partners Ltd will cease trading with immediate effect and have entered Administration. The assets of the above companies have been acquired by a new investor. The decline in the traditional stock photo business and increased competition on price in the market place has resulted in the erosion of sales volume and reduced our ability to compete effectively as a general stock library.
Although the above companies have ceased trading the ongoing business of Imagestate will be managed by Impact Photos and Heritage Images will operate separately. The new investors see future opportunities to develop the existing platform and provide more competitive offerings in specialist areas for all our customers moving forward. The new organisation looks forward to working with its content partners, clients and its international network of agents. There will be a change in the management structure but familiar faces will remain.
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