I just received the following press release from Ancestry.com:
ANCESTRY.COM AND FAMILYSEARCH TO MAKE A BILLION GLOBAL RECORDS AVAILABLE ONLINE
Groundbreaking Agreement to Deliver Valuable Historical Content Over the Next Five Years
PROVO, Utah, September 5, 2013 – Ancestry.com and FamilySearch International (online at FamilySearch.org), the two largest providers of family history resources, announced today an agreement that is expected to make approximately 1 billion global historical records available online and more easily accessible to the public for the first time. With this long-term strategic agreement, the two services will work together with the archive community over the next five years to digitize, index and publish these records from the FamilySearch vault.
The access to the global collection of records marks a major investment in international content as Ancestry.com continues to invest in expanding family history interest in its current markets and worldwide. Ancestry.com expects to invest more than $60 million over the next five years in the project alongside thousands of hours of volunteer efforts facilitated by FamilySearch.
“This agreement sets a path for the future for Ancestry.com and FamilySearch to increasingly share international sets of records more collaboratively,” said Tim Sullivan, CEO of Ancestry.com. “A significant part of our vision for family history is helping provide a rich, engaging experience on a global scale. We are excited about the opportunities it will bring to help benefit the family history community and look forward to collaborating with FamilySearch to identify other opportunities to help people discover and share their family history.”
The organizations will also be looking at other ways to share content across the two organizations. Both organizations expect to add to the already digitized records shared across the two websites in addition to new record projects to be completed over the next five years.
"We are excited to work with Ancestry.com on a vision we both share," said Dennis Brimhall, President of FamilySearch. "Expanding online access to historical records through this type of collaboration can help millions more people discover and share their family's history."
This marks a groundbreaking agreement between the two services. But the two organizations aren’t strangers to working with each other; hundreds of millions of records have already been shared and are available on Ancestry.com and FamilySearch.org. The companies also announced in early 2013 an additional project where they plan to publish 140 million U.S. Wills & Probate images and indexes over the next three years—creating a national database of wills and other probate documents spanning 1800-1930 online for the very first time.
Ancestry.com is the world's largest online family history resource with approximately 2.7 million paying subscribers across all its websites. More than 11 billion records have been added to the Ancestry.com sites and users have created more than 50 million family trees containing more than 5 billion profiles. In addition to its flagship site www.ancestry.com, the company operates several Ancestry international websites along with a suite of online family history brands, including Archives.com, Fold3.com and Newspapers.com, all designed to empower people to discover, preserve and share their family history.
FamilySearch International is the largest genealogy organization in the world. Millions of people use FamilySearch records, resources, and services to learn more about their family history. To help in this great pursuit, FamilySearch has been actively gathering, preserving, and sharing genealogical records worldwide for over 100 years. FamilySearch is a nonprofit organization sponsored by The Church of Jesus Christ of Latter-day Saints. Patrons may access FamilySearch services and resources free online at FamilySearch.org or through over 4,800 family history centers in 70 countries, including the renowned Family History Library in Salt Lake City, Utah.
This press release contains forward-looking statements. These statements relate to future events and involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from those anticipated in these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "appears," "may," "designed," "expect," "intend," "focus," "seek," "anticipate," "believe," "estimate," "predict," "potential," "should," "continue" or "work" or the negative of these terms or other comparable terminology. These forward-looking statements are based on information available to the Company as of the date of this press release. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks and uncertainties include our ability to acquire and digitize new content, to provide desired content and product features to new and current subscribers and to otherwise satisfy customer expectations regarding the content of the collection, now and in the future. Information concerning additional factors that could cause events or results to differ materially from those projected in the forward-looking statements is contained under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013, and in discussions in other of our Securities and Exchange Commission filings. These forward-looking statements should not be relied upon as representing our views as of any subsequent date and we assume no obligation to publicly update or revise these forward-looking statements.
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