Photo agency Demotix has been acquired by Corbis, the company that had earlier taken a stake in the business
From the Demotix Blog
Some big news…
Corbis, after investing in us in 2011, is acquiring the whole company to better integrate us into their global news operation. You can read the press release here.
The acquisition represents an enormous step towards our goal of becoming a truly competitive international photojournalism agency. Corbis have been extremely supportive partners over the last 18 months, and the results of our collaboration are plain for all to see: doubling our contributor base, doubling our image and video ingest, and multiplying sales many times over.
The benefits we have seen by our association with Corbis should only increase and deepen with the acquisition.
Corbis is profoundly committed to the practice and business of serious photojournalism and editorial impartiality. They run a highly efficient and successful international sales network (200+ salespeople from the US to Europe to Australia) that has already massively bolstered our own operations. And, as the acquisition of Demotix shows, they are extremely ambitious for the future. I sincerely believe we are in the best of hands.
There will surely be changes while we integrate with Corbis, but the core team will stay the same, as will our commitment to Demotix’ values of supporting free speech and covering the under-reported.
The Demotix story is evolving, but we are still only at the very beginning of what we hope will be a long and prosperous journey.
With all my very best, and – as we’ve always said – hasta la revolucion siempre!