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MacTribe recently profiled Magnum Photos the historical photo archive agency in New York City. Businessweek has just reported that Magnum Photos Print Archive has been purchased by billionaire Michael Dell's investment firm MSD Capital LP. Exact figures were not available but for insurance purposes the collection is valued at $100 Million. The archive contains 185,000 classic historical photographs by some of the world's most famous photographers.

Magnum Director, Mark Lubell, told MacTribe about Magnum: "Magnum Photos started in 1947, founded by four photographers, most famously, Robert Capa and Henri Cartier-Bresson. These photographers were coming out of World War II and had witnessed some amazing atrocities. The were really the eyewitnesses to what was going on and their work was shown in Life Magazine making them the voice of what was happening. After the war, they decided to form a company called “Magnum” to protect their copyright. They realized that if you control the copyright then you control the story. In this way, photographers would be able to cover a subject in a much more thorough way, on their own time. Magnum photographers became known as the best at in-depth storytelling." Full Profile here

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