"I think news is a critical piece of Corbis' business because what we do is we have a visual archive essentially of human history. So today's news becomes tomorrow's archive."
And so some well known photo-journalists on the front lines in Iraq... are working through Corbis for the distribution of their pictures...
"And their pictures will appear all over the world. I'm here in Paris and their pictures are in Paris Match and pictures will show up in Time Magazine and Newsweek and Web sites all over the world."
Corbis share the income from the sale of the pictures... which for most part are now digital...
"Digital photography has revolutionized the profession of photo journalism. Being fast is certainly a critical component of it. Being able to transmit from anywhere is obviously important. But it's also the ability to see the pictures you make right as you make them.
The photos are transmitted back to Corbis through satellite phones and can be sent to publications or appear on Web sites within minutes. And while the company owned by Gates retains a license to sell the pictures... .the photographers working with Corbis still own the copyrights. Bloomberg Boot Camp, I'm Fred Fishkin.