All posts tagged: Getty

Bill Gates sells Corbis to Getty via Chinese Consortium

Seattle-based Corbis, owned by Mircosoft-founder Gates, announced on Friday it has sold its image division to Beijing-based Chinese consortium Visual China Group (VCG) for an undisclosed amount. A wing Unity Glory will own Corbis’ images and motion archives. In a co-ordinated statement, the New York-based Getty announced it had struck an exclusive deal with VCG to license all of Corbis’ images anywhere in the world except China. Corbis was privately owned by Gates, who founded under the name Interactive Home Systems. First established in 1989, the company was born out of Gates’ belief consumers would decorate their homes with a revolving display of images mounted on digital displays. At the onset of the internet, and in some respects as a precursor to ‘the internet of things,’ Gates envisioned Corbis would deliver great art works, from across history, at a high digital level into consumers’ living rooms. That vision has not borne out, and Bloomberg News reported Corbis had been forced to cut about 15 percent of its staff in November 2015. Corbis will continue to exist under its Corbis Entertainment division, which works on product placement …

2016-01-25T18:26:35+00:00

BJP Staff