Posts Tagged ‘corbis’

A Behind the Scenes Look at Where One of the World’s Largest Photo Collections is Stored

As part of The Invisible Photograph documentary series being put together by Carnegie Museum of Art, the short film Underground takes a look inside one of the largest photo collections on the face of the Earth. Read more…

Citizen Journalism Photo Agency Demotix Snatched Up by Corbis

Corbis, one of the largest photo agencies in the world, has agreed to acquire Demotix, a crowd-sourced citizen journalism photo agency that was founded in 2008. Corbis had already picked up a piece of the young agency through an investment last year, but now it has decided to purchase the whole company outright. The acquisition price was not disclosed.
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A Rare Look Inside Corbis’ Underground Photo Preservation Facility

Bill Gates’ image licensing company Corbis has collection of more than 100 million photographs, including some of history’s most iconic images. CBS was recently given a rare peek inside the company’s photo preservation facility at Iron Mountain — a maximum security cold storage facility in a mine deep underground.

(via CBS via PopPhoto)

Millions of Photos from the Sygma Archive May Soon be Destroyed

In 1999 Corbis — privately owned by Bill Gates — paid $20 million to acquire Sygma, a legendary photo agency that was the largest in the world at the time. After the acquisition, the agency bled money and suffered heavy fines due to the mismanagement of photographs, paying $2 million at one point for losing 750 of one photojournalist’s photos. In 2010 the new agency, named Corbis Sygma, filed for bankruptcy after its debt had risen to €73m (~$100 million). Now the court appointed administrator of the defunct company is saying that millions of images in the collection may be destroyed after a failed attempt to sell them at auction.
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