Fotolia Exec Explains Distruptive Businessmodel

In this video Oleg Tscheltzoff, co-founder of Fotolia is asked about the disruptive nature of microstock in the stockphotography industry. He explains how prices on Fotolia are hundred times lower than Getty Images. Average price at Fotolia is $3 and their annual revenue is $100 million from 80.000 contributors that upload 20.000 professional photographs daily. The short interview starts at 20 minutes. It was taken from the LeWeb 2010 event that was held in Paris on the 8th and the 9th of December 2010.