Visual China Group Investors Dump Stock

Posted on 12/14/2016 by Jim Pickerell | Printable Version | Comments (4)

Visual China Group the company that acquired Corbis in January 2016 has seen a more than 50% decline in value as an investment since the purchase and a 20% decline in the last month. VCG is a publicly traded company on the Shenzhen Stock Exchange.

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Comments

David Madison Posted Dec 14, 2016
Jim,
Can you amplify what you mean by the last line:
VCG’s net profit as a Getty Images agent is 36.5%.

Jim Pickerell Posted Dec 16, 2016
David,
As I understand it, when VCG makes a sale of an images from the Getty collection they keep 36.5% of the gross fee paid and remit the rest to Getty. Getty then sends a royalty share to the image creator based on what Getty received.

Jim Pickerell Posted Dec 16, 2016
Correction Number 2

My Chinese source says the 36.5% is the Net Profit is what VCG reports in its public statement. It is not gross margin, but net profit after all expenses are deducted. It is curious how a photo agency has high of a net profit margin.

Ian Shive Posted Dec 17, 2016
VCG is invested in many other "stock" companies - what does this mean for them, especially those which are more in a start-up phase?

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