View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Publishers
  2. Photography
August 31, 2012updated 20 Sep 2012 9:04pm

Pics agency Big Pictures facing ‘cash flow problems’

By Dominic Ponsford

Big Pictures, once one of the biggest celebrity picture agencies in the world, has told staff that it is experiencing 'cash flow problems".

Press Gazette understands that the London-based agency has been facing a challenging financial situation for some time and that matters have come to a head this week.

An email sent to staff today said that the company was not in administration and remains under the control of current management.


But it added: 'We are receiving ongoing professional advice and taking all steps necessary to protect the interests of creditors of the company.

'As you may be aware, the company is currently experiencing cash flow problems and therefore only essential payments for short-term ongoing trading are being made at present."

No-one was available for comment at Big Pictures this afternoon, although an un-named source at the company did say they were not in administration, adding 'we might have to sue you if you get your facts wrong".

Content from our partners
Publishing on the open web is broken, how generative AI could help fix it
Impress: Regulation, arbitration and complaints resolution
Papermule: Workflow automation for publishers

Topics in this article : ,

Email to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network