Corbis cash flow turning positive.(Brief Article)

Corbis Corp., Seattle, Wash., a photography archive owned by Microsoft Corp.'s Bill Gates, expects to turn cash flow positive this year for the first time, helping lay the groundwork for a possible IPO, reports Reuters. Corbis and Getty Images both have compiled millions of historical photographs as well as current images for advertising and publishing, which they sell digitally over the Internet, and both are pressing for a share of the market for news, entertainment and sports photography. Corbis says revenue rose 22 percent last year to $170.4 million, up from $140 million in 2003. It says revenue will likely grow more than 20 percent in 2005, not including sales from Zefa, a recently acquired German photo company.