Company Reports Record Revenue of $251 Million in 2006; Plans Strategic Investments in 2007 Including Launch of Microstock Offering

SEATTLE (February 15, 2007) - Corbis (www.corbis.com) today announced its financial results for the year ended December 31, 2006. The Company announced total revenues were more than $251 million (2005: $228 million) for the 2006 full-year, outperforming other major companies in the industry with an increase of 11 percent from the previous year on a currency neutral basis.

“2006 was a significant year for Corbis as we began reaping the benefits of past strategic investments to exceed our cash flow targets and stay on plan toward achieving profitability,” said Steve Davis, CEO, Corbis. “Our continued industry-leading momentum demonstrates that customers are increasingly recognizing Corbis as a creative brand, responding to our market positioning and benefiting from our innovative combination of image licensing and creative services.”

2006 Business Highlights
In 2006, Corbis expanded its geographic reach, particularly in Asia, with the opening of an office in Beijing and a new partnership with IndiaPicture.com to better position itself in two of the world’s fastest growing economies. Corbis also acquired Australian Picture Library (APL) to expand its presence in Australia.

Over the past year, the company promoted Gary Shenk to the role of president and completed the realignment of its sales force to customer-focused industry segments. Corbis also continued to streamline its business operation and integrate systems from past acquisitions to reduce business costs, drive efficiencies, scale for future growth and improve its website and customer service.

The Company maintained its focus on providing customers with the world’s leading collection of creative imagery and motion footage, adding nearly a half million new images and thousands of hours of motion footage to its collections. Corbis began representing content from leading collections such as Playboy, the Smithsonian Institution, Hollywood Licensing, dick clark productions as well as key niche partners, and it acquired BeateWorks to enhance its preeminent CorbisOutline entertainment collection. The Company also invested heavily in the production of wholly owned Rights Managed (RM) and Royalty-Free (RF) imagery and motion footage.

Platforms for Growth in 2007
Building on our heritage of innovation, Corbis in 2007 is making strategic investments to drive growth. The Company remains focused on providing the best content in the industry. Corbis’ experienced in-house Creative Intelligence department is helping to guide teams of talented photographers and video producers around the world to generate high quality RF and RM content that is relevant to what customers are seeking. Corbis will also further enhance its world leading collection of photography and improve its motion footage collection by actively pursuing new partners across the content spectrum.

Corbis is focusing on expanding the scope, depth and geographic reach of its industry-leading Rights Services offerings, including introducing a tailored solution to meet the needs of the broadcast advertising community, expanding the geographic reach of its Rights & Music Clearances team and working more closely with corporate customers to help them leverage entertainment content for new product innovation.

Additionally, Corbis will launch an innovative entry into the emerging microstock space, full details of which the Company will announce in the second quarter of 2007.

“We are optimistic about the year ahead and are focused on three growth priorities: building the best pictures period, enhancing our industry-leading Rights Services and launching a fresh microstock offering,” said Gary Shenk, President, Corbis. “We’re excited to enter the microstock space, and we view it as an attractive, complementary business given our assets and expertise. We plan on building a substantial, fast-growing and profitable business in this category.”

About Corbis
Corbis is a world leader in digital media. By providing the industry's richest array of digital image licensing, rights services, artist representation and media management, Corbis enables creative innovation for advertising, corporate marketing and editorial clients. Corbis is headquartered in Seattle, with 23 offices throughout North America, Europe, Asia and Australia.