Sunday, December 22

Tag: Getty Images

Getty Images Raises $100 million Funding
2Feb By AdityaNo Comments
FUNDING

Getty Images Raises $100 million Funding

U.S. photo agency Getty Images Inc said it raises another $100 million investment from Koch Equity Development LLC. Koch Equity Development LLC is the acquisition and investment subsidiary of Koch Industries. Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America with estimated annual revenues as high as $115 billion, according to Forbes. Earlier, Koch Equity Development invested $500 million in Getty Images. Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images, Inc. is a visual media company, with headquarters in Seattle, Washington, United States. It is a supplier of stock images, editorial photography, video and music for business and consumers with an archive of over 200 million assets Earlier in September, Getty famil...
Read More
Corbis Entertainment Owned by Bill Gates Sold to Visual China
23Jan By reutersNo Comments
ACQUISITION

Corbis Entertainment Owned by Bill Gates Sold to Visual China

Chinese image licensing company Visual China Group said it acquired on Friday the image division and content licensing unit of photo library Corbis Entertainment, owned by Microsoft Corp's co-founder Bill Gates. The company signed another deal with media service provider Getty Images to distribute Corbis' images and content to customers, thus bringing in a major photo library and an image distributor to China. Getty Images would distribute Corbis' content, creating a collection of over 200 million images and videos and certain archived historical contents for creative and editorial use. Following the sale of its image assets, Corbis will be rebranded and its other businesses will operate under a new brand name. As per the deal, Visual China's division, Unity Glory, will own and m...
Read More