Fotolia

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Fotolia
Private
Industry stock photography and stock footage
Genre microstock photography, stock footage
Founded 2005 (2005)
Founder Oleg Tscheltzoff, Thibaud Elziere
Headquarters New York City, United States of America
Key people
Oleg Tscheltzoff (CEO)

Fotolia is a microstock photography agency that is based in New York, New York. It was started by Thibaud Elziere, Oleg Tscheltzoff and Patrick Chassany [1] in November 2005.[2] The company also has offices in Seattle, Washington and Paris, France.

Fotolia provides means for worldwide distribution of royalty-free photographs, vector graphics, and videos through PayPal (in the countries that use it), and Moneybookers (another internet payment system offered in more countries than PayPal) amongst other payment methods. Some photographs are offered for free; those that are sold are priced from $0.75.[3] Photographers receive a commission for each image licensed via Fotolia.

As of October 2008, Fotolia had more than 800,000 members who had uploaded more than 4.2 million photographs and graphic illustrations. By the end of July 2010, those numbers had more than doubled to over 1,967,000 members and 9.8 million images, vector graphics, and HD videos. By May 2012, the member count climbed to more than 3,000,000 registered members and the database to 17 million digital images.[4]

In May 2010, Fotolia raised $150 million in growth equity from buyout firm Kohlberg Kravis Roberts in exchange for a 50% stake.[5]

On December 11, 2014, Adobe announced it was buying Fotolia for $800 million in cash, aiming at integrating the service to its Creative Cloud solution. The purchase was completed in January 2015.[6]

The image bank currently possesses over 34 million images and videos and operates in 23 countries.[7] It will continue to operate as a standalone service, remaining open to anyone.

References[edit]

  1. ^ Andy Goetze, Interview With Fotolia´s CEO Thibaud Elziere, StockPhotoTalk.com, November 28, 2005, accessed April 29, 2007
  2. ^ TechCrunch Fotolia's P2P photo sales (April 29, 2007)
  3. ^ Arianna Rodell "Stop Wasting Your Money"
  4. ^ NOAH Advisors "Case Study - Fotolia"
  5. ^ TechCrunch Stock photos site Fotolia launches Fotolia Instant, an app for selling your smartphone photos
  6. ^ "Adobe Completes Acquisition of Fotolia" (Press release). Adobe Systems Inc. January 28, 2015. Retrieved March 17, 2015. 
  7. ^ The Next Web Adobe acquires stock company Fotolia to boost Creative Cloud asset supply