FOR IMMEDIATE RELEASE
Corbis Acquires The Stock Market Photo Agency
SEATTLE (March 22, 2000)-Corbis, the leading provider of photography and fine art images on the Internet (www.corbis.com), today announced that it has agreed to acquire The Stock Market Photo Agency, the privately owned, leading independent stock photography agency in the world. This addition extends Corbis' role as a leader in the digital visual content service, expanding the depth and breadth of content of its image collection to bring a convenient, customized experience to creative professionals and consumers. The deal is expected to close in mid-April.
"The Stock Market is a strong player in the commercial photography market, and a good fit for Corbis in its strategy to expand its commercial business in an all-digital model," said Tony Rojas, president and CEO of Corbis. "The addition of The Stock Market expands our international presence and greatly enhances our commercial offering to our customers."
As a pioneer in the visual content industry, Corbis has successfully brought the editorial image market into the digital age and has set the benchmarks for the consumer Internet visual markets. Corbis now plans to expand its leadership role in the commercial photography market, offering a one-stop shop to the creative community for both editorial and commercial content, resulting in a convenient customer experience.
"As people in the professional creative community are seeing their jobs
expanded and enhanced by new technologies, Corbis and The Stock Market will
join to offer advanced digital image services for creative professionals,"
said Richard Steedman, president of The Stock Market. "With our combined
commitment to bringing the world's finest photography to our clients through
digital and traditional means, this move creates new opportunities for
photographers and clients alike."
The Stock Market Web site at www.stockmarketphoto.com features full e-commerce for traditionally licensed and royalty-free images, and CreativeVille, a comprehensive online resource for the creative community. Stockmarketphoto.com was the first to launch a full e-commerce solution for purchasing traditionally licensed images, and continues to expand and enhance the digital image e-commerce process through the creation of new technologies and services.
About The Stock Market
Supplying stock photography to the creative community since 1981, The Stock Market Photo Agency is the leading independent stock photography agency in the world. Featuring over three million images from photographers worldwide, TSM serves the global creative community through offices in the United States, Germany, France, England, Belgium, Austria and The Netherlands. In addition, TSM has over 30 international affiliate offices spanning six continents.
At stockmarketphoto.com, TSM was the first to launch a full e-commerce solution for purchasing traditional stock photography. Users can find, price, purchase and download traditional Stock and Royalty Free CDs and single images, access the Digital Image Express delivery service, and request Free Research. TSM also features SharperSTOCK - the industry's only customer appreciation program rewarding frequent TSM users with merchandise certificates redeemable at Amazon.com or The Sharper Image, or for AAdvantage(r) travel awards from American Airlines(r).
About Corbis Corporation
Corbis Corporation is the definitive destination for photography and fine art in the digital age. With 65 million images-2.1 million online-it is the leading provider of digital images to both the consumer and creative professional markets. The company provides imagery to creative professionals in magazine, book, and newspaper publishing; advertising and graphic design; and internet and new media publishing. Corbis is also the world's leading news photography agency. Its consumer image products include e-cards, personal-use digital images, and framed and unframed prints and posters. The company uses its extensive Internet technology to allow customers to quickly and conveniently access and purchase images and related products. Headquartered in Seattle, with offices in New York, London, Los Angeles, and Paris, the privately owned company has approximately 900 employees worldwide. For more information about Corbis and its products and services, call 1-800-260-0444, (425) 641-4505, fax (425) 746-1618, or visit the Web site at http://www.corbis.com .
Corbis and The Place for Pictures on the Internet, are registered trademarks of Corbis Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners.