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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Visual China Group Co.,Ltd.    000681   CNE000000BW8

VISUAL CHINA GROUP CO.,LTD.

(000681)
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Visual China buys Corbis Entertainment

01/22/2016 | 08:29pm EST
Microsoft co-founder Gates attends the annual meeting of the World Economic Forum (WEF) in Davos

(Reuters) - Chinese image licensing company Visual China Group (>> Visual China Group Co Ltd) said it acquired on Friday the image division and content licensing unit of photo library Corbis Entertainment, owned by Microsoft Corp's (>> Microsoft Corporation) co-founder Bill Gates.

(Reuters) - Chinese image licensing company Visual China Group (>> Visual China Group Co Ltd) said it acquired on Friday the image division and content licensing unit of photo library Corbis Entertainment, owned by Microsoft Corp's (>> Microsoft Corporation) co-founder Bill Gates.

The company signed another deal with media service provider Getty Images to distribute Corbis' images and content to customers, thus bringing in a major photo library and an image distributor to China.

Getty Images would distribute Corbis' content, creating a collection of over 200 million images and videos and certain archived historical contents for creative and editorial use.

Following the sale of its image assets, Corbis will be rebranded and its other businesses will operate under a new brand name.

As per the deal, Visual China's division, Unity Glory, will own and manage the images and motion archives, names and trademarks associated with Corbis Images, Corbis Motion and Veer licensing brands.

The financial terms for the deal were not disclosed.

After a transition period, Getty Images said it would offer Corbis creative stills, Corbis Motion content and Corbis archival and documentary content to its customers outside China.

Corbis, which is one of the leading image service provider like Reuters, was represented by Allen & Company LLC in the sale.

(Reporting by Rosmi Shaji in Bengaluru; Editing by Sandra Maler)

Stocks treated in this article : Microsoft Corporation, Visual China Group Co Ltd

© Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
GLORY LTD. -0.18% 2191 End-of-day quote.-33.81%
MICROSOFT CORPORATION -0.13% 210.11 Delayed Quote.33.41%
VISUAL CHINA GROUP CO.,LTD. -1.18% 15.96 End-of-day quote.-7.42%
All news about VISUAL CHINA GROUP CO.,LTD.
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2019Visual China fined over false photo copyright claims
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2019Furore over 'black hole' photo forces China's largest image provider to shut
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2016Visual China expands photo archive, to invest $100 million in Getty Images
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2016Visual China buys Corbis Entertainment
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2016VISUAL CHINA : Affiliate of Visual China Group Acquires Assets of Corbis Images
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More news
Financials
Sales 2020 728 M 111 M 111 M
Net income 2020 231 M 35,1 M 35,1 M
Net Debt 2020 - - -
P/E ratio 2020 48,4x
Yield 2020 0,22%
Capitalization 11 181 M 1 700 M 1 698 M
Capi. / Sales 2020 15,3x
Capi. / Sales 2021 11,8x
Nbr of Employees 521
Free-Float 46,4%
Chart VISUAL CHINA GROUP CO.,LTD.
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Visual China Group Co.,Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends VISUAL CHINA GROUP CO.,LTD.
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TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 4
Average target price 20,13 CNY
Last Close Price 15,96 CNY
Spread / Highest target 26,9%
Spread / Average Target 26,1%
Spread / Lowest Target 25,3%
EPS Revisions
Managers
NameTitle
Jun Liang President & Director
Jie Liao Chairman
Ji Jun Chai Director & Vice President
Hua Su Member-Supervisory Board
Si Yuan Wu Vice Chairman
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