- Hard Times for Stock Continue, Corbis to Cut Royalty Rate:
Corbis CEO Gary Shenk said the company faces “a moment of disruptive change in the image market.”
“Overall, we expect the image licensing market to shrink in the coming years". He showed a slide forecasting that the total stock image licensing business will fall from $2.3 billion dollars in 2007 to $2.2 billion in 2011. The traditional stock licensing that makes up most of the industry will shrink at an even faster rate.