Corbis Expands Global Media Footprint and Acquires Breaking News Photojournalism Newswire, Demotix, Following Successful Investment and Global Distribution Partnership
SEATTLE, WA–(Marketwire – Nov 14, 2012) – Corbis (www.corbisimages.com), a leading visual media provider for the creative community, today announced that it acquired Demotix (www.demotix.com), an award winning open news platform, following a successful investment and global media distribution partnership between the two companies announced in 2011. Exact terms of the transaction were not disclosed.
Launched in 2009, London-based Demotix is recognized as a source for breaking news photography from locations that many mainstream media struggle to reach. Demotix has a community of more than 6,500 active freelance professional and semi-professional photographers and videographers, who contribute nearly 50,000 images monthly. Demotix has community-based journalists in almost every country around the world, with particularly comprehensive networks in Europe, the Middle East and Asia — locations that complement Corbis' existing network strengths.
“Today's announcement underscores our commitment to providing our media customers access to an exceptional selection of breaking news imagery — from premium news sources to alternative coverage outside of the scope of the mainstream newswires,” said Gary Shenk, CEO of Corbis. “Demotix helps build out Corbis' unmatched portfolio of news and entertainment imagery that cannot be found anywhere else.”
Corbis offers a curated selection of breaking news imagery from the Demotix collection through www.corbisimages.com, as well as an affordable subscription product for publications looking to supplement their current wire service or an alternative to higher cost traditional wire services.
“Through our partnership with Corbis we have expanded the reach of our network of contributors who are bringing cutting edge photojournalism each day from all over the world,” said Turi Munthe, CEO of Demotix. “Demotix and Corbis share the same commitment to photojournalism and editorial integrity and our team is confident this acquisition will serve to increase the impact and opportunities for Demotix contributors.”
Demotix has been recognized with numerous global awards, including the Media Guardian Innovation Award for Independent Media 2009 and a Webby (News) 2011. Its images are featured daily all over the world, and have made front page of The New York Times, The Wall Street Journal, The Guardian, and many others, as well as CNN, NBC, the BBC, and other national news outlets.
About Corbis Images
Corbis Images is a leading visual media provider for advertising, marketing and media professionals, providing a comprehensive selection of stock photography and illustrations. Corbis Images has exceptional creative, documentary, archival, fine art, current events, and entertainment images to help the creative community produce distinctive work for web sites, magazines, newspapers, books, television, and films. Corbis Images serves its global customer base through its renowned Sales & Service teams and its fast, intuitive web site at www.corbisimages.com. Corbis has offices in North America, Europe, Asia and Australia that serve more than 50 countries.
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Demotix is a multi-award winning global photojournalism newswire. With over 6,500 active photojournalists around the world, Demotix images have appeared on the front pages of the New York Times, Wall Street Journal, Guardian and elsewhere, and in print, broadcast and online media all over the globe. With an archive of over 1,000,000 news images, one of the largest networks of photojournalists and a monthly growth rate of 50,000 images, Demotix has been called “Journalism for the 21st Century” by the Daily Telegraph, and TechCrunch has reported that “Demotix [is]reinventing the newswire.” For more information, visit www.demotix.com.