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Visual China Group expands control of Corbis and Getty Images

First – Corbis Images and Corbis Motion closed their doors on May 2, 2016.

Second, via the press room site at Getty Images today – note there are several moving parts to this news, which was announced in April 2016 – with more information is surfacing June 2016 – Via the Chief Executive Officer of Visual China Group [“VCG is China’s largest image licensing company. Its website is China’s largest online licensing and copyright distribution for premium visual content”]: “…the existing Getty Images collection of almost 200 million images will expand to include Corbis Images content, creating an unprecedented collection of images, videos and historic archival content for creative and editorial use worldwide.”

“Under the terms of their agreement with Corbis, VCG will own and manage the names and trademarks associated with the Corbis Images, Corbis Motion and Veer licensing brands, and will be responsible for the licensing of all images associated with these brands in China and around the world. This includes the renowned Bettmann and Sygma Archives, but does not include Corbis Entertainment (to be rebranded) and Splash.”

“We are proud to work with our partner Getty Images to assemble such impressive visual assets and work together to better serve our customers around the world. This maximizes the commercial value of the assets, strengthens our market position in the industry, and marks a significant milestone in the expansion of our business portfolio to the world. As one of the largest companies in the image industry, we foresee a growing interest in China and around the world for premium visual content and we look forward to collaborating with Getty Images to fulfil this demand.” Getty Images will create specific collections to house this new content on, where it will sit alongside award-winning content from Getty Images’ own staff photographers, its network of over 200,000 contributors and from approximately 330 existing image partner relationships, including prestigious partners NBC Universal, BBC Worldwide and AFP.”

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