Corbis eyes profit with microstock
EmptyCorbis, the stock footage company founded by Bill Gates in 1989, will introduce a microstock business whereby amateur photographers may profit for as little as a dollar at a time.
Gary Shenk, who will be promoted from Corbis president to CEO on July 1, replacing Steve Davis, said Tuesday that he intends to introduce the microstock business this quarter.
While the focus is on photographs, Shenk would not rule out amateur video of the sort that YouTube has made so popular.
Photos, of which Corbis has 100 million, are its primary business. Shenk also said that his No. 1 priority is to make Corbis profitable for the first time since its founding 18 years ago.