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A Profitable Corbis . . . |
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Friday, 30 November 2007 |
 Gary Shenk is a very happy man.
And why not?
After less five months at the helm of Corbis, Shenk claims he already foresees a day in the near future when the world's second largest stock photography distributor will show a profit. This will be no small milestone for a company that has endured 18 years of red ink. And it definitely will be a feather in the cap of this new chief executive.
"We are by far the highest growth company in the industry this year," Shenk asserted.
In a lengthy interview with The Stock Asylum, Shenk also said his company is grabbing market share from its largest rival, Getty Images. He contended that each of the company's four divisions –– Corbis, Veer, SnapVillage and rights clearances –– is positioned to become a top player in its market space. He suggested that Veer will play a major role in Corbis' growth strategy. And he said Corbis will "revolutionize" its website next year.
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