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...