Six years after Getty bought iStockPhoto for $50 million, it looks like the microstock photography sector, in which pro-amateur photographers sell their pictures on commission through online marketplaces, is getting a second exposure.
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“This is a market that will consolidate,” KKR’s European media investment head Philipp Freise tells the paper, adding KKR may use Fotalia as a vehicle for further acquisition.
Shutterstock, in its IPO filing, cites BCC Research as projecting the stock photography market to be worth $5.1 billion by 2013.
It made a $21.8 million profit on $120.2 million revenue from more than 550,000 active customers – that user count is 71 percent up from 2010, and Shutterstock served 58 million paid downloads.
Founded by French-born Russian Tscheltzoff, Fotolia, with a largely European executive team, is especially strong in Europe, where it last year acquired France-based Wilogo, a microstock upload sales site for logo designers.
Disclosure: paidContent uses images from Shutterstock, including the one on this page, taken by Douglas Freer.
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