Fotolog Acquired By French Internet company Hi-Media At $90 million

By admin at November 30, 2007 | 4:17 am | Print

What Company is Offering:
Fotolog is the world’s leading photo-blogging site, one of the world’s largest social networking sites and a global cultural phenomenon. More than 10 million members in more than 200 countries use Fotolog as a simple and fun way to express themselves through online photo diaries or photo blogs.

What makes Fotolog special is not just the ability to post photos, but the ability to connect with others — whether simply staying in touch with friends and family or exploring the diverse Fotolog universe, discovering photos of new people from different cultures, participating in the site’s fascinating special-interest communities and, perhaps most important, receiving personal feedback on their photos from around the world.
How It Works:
Just click the “create your own free Fotolog photo-blog” link that you’ll see all over the place and fill out the short registration form. It should take less than a minute and you’ll be on your way. After that, you’ll be able to upload a photo any time you want in less than a minute.Once you’ve created your free Fotolog photo-blog, go to your page, and click on the upload link that you see in the navigation bar. Then click on the browse button to find the photo you’d like to upload from your computer’s hard drive. Remember: photos must be JPGs or GIFs, and they need to be 2,000 KB or less. Most digital cameras out there today create photo files that are less than 2,000 K, so you should be good to go. But, for you folks with super-duper gazillion mega-pixel cameras, any basic image-editing software (check out this list at CNET) will allow you to resize your photos to the proper size to upload. Fotolog will ultimately convert your photo to a JPG, no larger than 500×500 pixels.

How Much They Got From VCs:

French Internet company Hi-Media,operator of one of Europe’s largest ad networks and micro-payment services, completed its acquisition today of Fotolog.

The $90 million deal was first announced last August. Since then, Fotolog has added two million more members for a total of 13 million, and claims 3.9 billion page views a month.

Fotolog trails behind MySpace’s PhotoBucket and Yahoo’s Flickr. CEO John Borthwick is moving on to his incubator/investment fund Betaworks.
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