Author Topic: Fotolia sells 50% stake in business (Read 33835 times)

bunhill · « **on:** May 16, 2012, 10:32 »

lisafx · « **Reply #1 on:** May 16, 2012, 10:38 »

A private equity firm paid 300mil for a 50% stake. Wow. Makes Istock's $50mil sale a few years ago look like peanuts.

Does this mean they will take the same approach to contributors that Hellman and Friedman did?

michaeldb · « **Reply #2 on:** May 16, 2012, 10:41 »

Fascinating news.

Two of the top three or four microstock agencies taking momentous steps to raise large amounts of money. Looks like we might see some big developments soon: acquisitions; expansion; big new marketing campaigns?

The valuation of FT is $600 million. Wow, more than I would have guessed.

bunhill · « **Reply #3 on:** May 16, 2012, 10:45 »

what is senior debt financing ?

Sean Locke Photography · « **Reply #4 on:** May 16, 2012, 10:48 »

Everyone should pull all their images from Fotolia, and see how much it is worth then.

lisafx · « **Reply #5 on:** May 16, 2012, 10:50 »

Michael, I think you're dead right. According to the Financial Times article, KKR plans to use Fotolia as a platform to purchase other digital rights groups, and consolidate the industry. Apparently they did something similar in a 2009 joint venture in the music business that allowed them to become an "acquisition powerhouse" in the music industry.

Here's the article - you can read for free, but do have to sign up:
http://www.ft.com/intl/cms/s/0/b8f30ddc-9eb0-11e1-9cc8-00144feabdc0.html#axzz1v0iiKKuN]
[url]http://www.ft.com/intl/cms/s/0/b8f30ddc-9eb0-11e1-9cc8-00144feabdc0.html#axzz1v0iiKKuN[/url]

Karimala · « **Reply #6 on:** May 16, 2012, 10:50 »

What is it with these companies thinking we're not professional photographers? First it was iStock's buyer survey, now this...

Quote

The New York-based company, founded in 2005, bills itself as a “crowdsourced” photography service, offering 17m images and videos that users can purchase, often at a fraction of the price of professional pictures.

http://www.ft.com/intl/cms/s/0/b8f30ddc-9eb0-11e1-9cc8-00144feabdc0.html

This news, plus the 75% drop in my normal earnings (

), is making it so much easier to finally leave Fotolia behind. I've already started removing non-sellers.

Microbius · « **Reply #7 on:** May 16, 2012, 10:59 »

Fotolia, 300million for a 50% stake, it's not April first is it?

cthoman · « **Reply #8 on:** May 16, 2012, 11:02 »

Quote from: sjlocke on May 16, 2012, 10:48

Everyone should pull all their images from Fotolia, and see how much it is worth then.

Too late. I already did that a year ago.

Karimala · « **Reply #9 on:** May 16, 2012, 11:02 »

Quote from: sjlocke on May 16, 2012, 10:48

Everyone should pull all their images from Fotolia, and see how much it is worth then.

Hear hear!

rubyroo · « **Reply #10 on:** May 16, 2012, 11:08 »

Quote from: Microbius on May 16, 2012, 10:59

Fotolia, 300million for a 50% stake, it's not April first is it?

Oh boy. The rate at which my images sell there makes it worth about sixpence to me.

bunhill · « **Reply #11 on:** May 16, 2012, 11:12 »

Quote

giving Fotolia an enterprise value of $450m.
.....
The deal values Fotolia’s equity at about 10 times earnings before interest, tax, depreciation and amortisation

So does that mean that Fotolia's earnings are $45m ? Isn't earnings the same as actual profit - ie revenue less costs ? If so then Fotolia is earning more than Shutterstock - even after all of the money which SS has spent on growing revenues.

^ that cannot be correct can it ? So what does this mean ?]

ETA: I see my schoolboy error. Even so !

Artist · « **Reply #12 on:** May 16, 2012, 12:00 »

and how are we(contributors) going to get benefited by all these stuffs going on with fotolia and shutterstock? (except of buying equity)

lisafx · « **Reply #13 on:** May 16, 2012, 12:06 »

Quote from: cgartist on May 16, 2012, 12:00

and how are we(contributors) going to get benefited by all these stuffs going on with fotolia and shutterstock? (except of buying equity)

How will we be benefited? Sort of the same way a new prisoner is "benefited" when he drops the soap in the prison shower.

grp_photo · « **Reply #14 on:** May 16, 2012, 12:12 »

Quote from: sjlocke on May 16, 2012, 10:48

Everyone should pull all their images from Fotolia, and see how much it is worth then.

haha that would be too cool! Unfortunately this will never happen :-(

lagereek · « **Reply #15 on:** May 16, 2012, 12:15 »

Whatever an agency does, WE will NEVER benefit! the quicker we realize that, all the better, saving ourselves lots of frustration and anguish.

Metsafile · « **Reply #16 on:** May 16, 2012, 12:20 »

Quote from: bhr on May 16, 2012, 10:32

Fotolia sells 50% stake for $300m

"We are pleased to announce that one of your files has just been sold under subscription on Fotolia."
Yeah right!

etienjones · « **Reply #17 on:** May 16, 2012, 12:31 »

Quote from: lisafx on May 16, 2012, 12:06

Quote from: cgartist on May 16, 2012, 12:00
and how are we(contributors) going to get benefited by all these stuffs going on with fotolia and shutterstock? (except of buying equity)

How will we be benefited? Sort of the same way a new prisoner is "benefited" when he drops the soap in the prison shower.

Lisa, Lisa . . . . . . such language! . . . . and I thought you were a lady!

lagereek · « **Reply #18 on:** May 16, 2012, 12:33 »

Quote from: lisafx on May 16, 2012, 12:06

Quote from: cgartist on May 16, 2012, 12:00
and how are we(contributors) going to get benefited by all these stuffs going on with fotolia and shutterstock? (except of buying equity)

How will we be benefited? Sort of the same way a new prisoner is "benefited" when he drops the soap in the prison shower.

Ha, ha! screwed up the spout!

tab62 · « **Reply #19 on:** May 16, 2012, 12:38 »

In my prison (US Army) we now use liquid soap thus no more benefits for then newbies lol...

loop · « **Reply #20 on:** May 16, 2012, 12:43 »

Quote from: lisafx on May 16, 2012, 12:06

Quote from: cgartist on May 16, 2012, 12:00
and how are we(contributors) going to get benefited by all these stuffs going on with fotolia and shutterstock? (except of buying equity)

How will we be benefited? Sort of the same way a new prisoner is "benefited" when he drops the soap in the prison shower.

Maybe we should get used to that, find the positive and pleasant part of it, and, so, learn to enjoy these little moments, because this one won't be the last.

pancaketom · « **Reply #21 on:** May 16, 2012, 12:47 »

Quote from: sjlocke on May 16, 2012, 10:48

Everyone should pull all their images from Fotolia, and see how much it is worth then.

easy for you to say. (and me) That would be awesome if it happened - and to H&F/Getty too.

Karimala · « **Reply #22 on:** May 16, 2012, 13:14 »

Quote from: pancaketom on May 16, 2012, 12:47

Quote from: sjlocke on May 16, 2012, 10:48
Everyone should pull all their images from Fotolia, and see how much it is worth then.

easy for you to say. (and me) That would be awesome if it happened - and to H&F/Getty too.

I just finished pulling about 100 images. 1900+ more to go!

lagereek · « **Reply #23 on:** May 16, 2012, 13:32 »

Quote from: Karimala on May 16, 2012, 13:14

Quote from: pancaketom on May 16, 2012, 12:47
Quote from: sjlocke on May 16, 2012, 10:48
Everyone should pull all their images from Fotolia, and see how much it is worth then.

easy for you to say. (and me) That would be awesome if it happened - and to H&F/Getty too.

I just finished pulling about 100 images. 1900+ more to go!

Seriously? any case, whats the point?, you will be replaced by one or two tomorrow. Wont even make a dent. This has been my whole point for years, its a numbers game and nobody is irreplacable.

BaldricksTrousers · « **Reply #24 on:** May 16, 2012, 13:35 »

And after Fotolia was telling all and sundry that it is being destroyed by cheap competition? Either it was lying or the buyers have got shafted or, maybe, both.

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Author Topic: Fotolia sells 50% stake in business (Read 33835 times)

bunhill

lisafx

michaeldb

bunhill

Sean Locke Photography

lisafx

Karimala

Microbius

cthoman

Karimala

rubyroo

bunhill

Artist

lisafx

grp_photo

lagereek

Metsafile

etienjones

lagereek

tab62

loop

pancaketom

Karimala

lagereek

BaldricksTrousers

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