Corbis Sold To Visual China Group – Absorbs Into Getty Images

[kbg32]

How is this still not a monopoly???

https://photoarchivenews.com/2016/01/22/corbis-sold-to-visual-china-group

 

[charjohncarter]

Complicated, but somehow in the end the customer will be shafted.

 

[DominikDUK]

A monopoly is only a monopoly if it stands in the way of someone powerful (Lobby, Politician, Corporation) if that doesn't apply and only small companies and people get shafted it's not a monopoly.

Bad news indeed

 

[BLKRCAT]

I love that game.

 

[Oscuro]

Complicated, but somehow in the end the customer will be shafted.

Not nearly as much as the photographers...ah, the h&ll with it....

 

[NY_Dan]

Stock is the devil!

 

[Roger Hicks]

If you were rich and Chinese, wouldn't you want an investment outside China? Before the current Chinese Empire implodes, as it always has done in the past?

Cheers,

R.

 

[jvo]

really?

really?

A monopoly is only a monopoly if it stands in the way of someone powerful (Lobby, Politician, Corporation) if that doesn't apply and only small companies and people get shafted it's not a monopoly.

Bad news indeed

it may be a monopoly, but i don't think it is necessarily bad news for images... given what's available online, etc. there will be alternatives for buyers seeking new images, and maybe a lot more work for photographers to fill any gaps made by corbis/china overcharging.

for the unique photo's they own, they may be able to command a usurious price... do we know how much the impact of that will be? time will tell.

jvo

p.s. and yes, the shafting will occur.