Corbis Details VCG Migration Plans to Getty Images
Corbis wasted no time detailing to photographers how the transition from being a Corbis photographer to a Getty Images photographer will take place, in an email sent out with a FAQ. While the FAQ went into great detail. What was abundantly clear was that Corbis will no longer exist in short order.
Yesterday, Photo Business News detailed the sale of Corbis to Visual China Group (SHENZEN: 000681) subsidiary Unity Glory as well as the same-day announcement of what clearly looks like an end-run around anti-trust laws by Carlyle Group (NASDAQ: CG) when they announced the worldwide exclusive arrangement with Getty Images.
A message yesterday was sent from Jeff Enlow (LinkedIn: Jeff Enlow) to contributors which makes it clear that Getty is getting all (or, to be more specific, everything they want and think is of value) from Corbis. In it, Enlow wrote:
I wanted to send you all a note about the sale of Corbis. My last day will be February 5th. I will do what I can to help you guys out in that time. Anil will be on for a while longer as well to help with the transition, so anything I’m not able to do you can reach out to him.
Please take a look at the faq sent out
Contributor link: http://forum.contributor.corbis.com/corbis-vcg-getty-images-you/
I’ve pasted a few portions here:
“Contributors who are not invited to sign directly with Getty Images will remain contracted to VCG according to the terms of your Corbis agreement.”
We are still waiting on the exact details of how this would work.
When will I know if I’m being offered a direct contract with Getty Images?
Invitations for direct contracting and content migration will take place over the course of the coming weeks, once all invitations have been delivered, contributors will be notified that the process is complete.
What happens to those contributors who are not invited to join Getty Images?
Contributors who are not invited to sign directly with Getty Images will remain contracted to VCG according to the terms of your Corbis agreement. At VCG’s discretion these contracts may be offered termination, in which case you will be notified by VCG. Regardless, you are welcome to apply to work directly with Getty Images through the Work With Us application process (http://workwithus.gettyimages.com/en).
If Getty Images does not offer me a contract, or I don’t want to sign with Getty Images, will the Corbis contract continue with VCG?
Yes. Contributors who are not invited to sign direct with Getty Images, or choose not to, will remain contracted to VCG according to the terms of your Corbis agreement. At VCG’s discretion these contracts may be offered termination, in which case you will be notified by VCG.
1. If you may want to sign on to Getty just sit tight and someone will reach out to you.
2. If you know you absolutily do want to be apart of the VGS/Getty deal then you need to send a termination letter to Contributor Relations <Contributor.Relations@corbis.com>
In it say you want to terminate your contract, to pull all your images, and that you want no survival rights on them.
It will be up to VGS/Getty weather they will honor that or make you wait out the remainder of your contract. But that is the first step and it will be on record.
If you have any other questions please let me know here.
Last if you want to keep intouch after all of this my personal info is
Its been great working with you all and I look forward to the next journey.
Editor News Sports and Entertainment
Please post your comments by clicking the link below. If you've got questions, please pose them in our Photo Business Forum Flickr Group Discussion Threads.