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Getty Images/Shutterstock to merge Acquisitions News 

Getty Images/Shutterstock to merge

GaryPageau ,
Getty Images Holdings, Inc. and Shutterstock announced that the two stock-content giants entered a definitive merger agreement. The combined company, which would have an enterprise value of approximately $3.7 billion, will be named Getty Images Holdings, Inc. and continue trading on the New York Stock Exchange under the ticker symbol “GETY”. As a combined company, Getty Images and Shutterstock will... Read More
Shutterstock unveils TRUST, its approach for ethical AI News 

Shutterstock unveils TRUST, its approach for ethical AI

GaryPageau
Shutterstock, Inc. announced TRUST, a guiding framework that embodies Shutterstock’s long-standing values and commitment to using AI responsibly in its products and workflows. TRUST, an acronym for Training, Royalties, Uplift, Safeguards, and Transparency, serves as an action-driven checklist for companies experimenting with AI technologies and reiterates Shutterstock’s lifelong, contributor-centric operating principles, the company said. TRUST’s commitments include: Training on properly... Read More
Shutterstock reports big net income increase Acquisitions Earnings reports News 

Shutterstock reports big net income increase

GaryPageau
Shutterstock, Inc. announced financial results for the second quarter ended June 30, 2023. Second-quarter revenue was basically flat at $208.8 million, but net income 157% to $50.0 million. “I’m pleased to report that, as reflected in our second quarter results and our revised full-year outlook, Shutterstock is not only adapting but that it is thriving in this dynamic environment.” said Paul... Read More
Shutterstock introduces flexible editorial subscription packages New Products 

Shutterstock introduces flexible editorial subscription packages

GaryPageau
Shutterstock, a global creative platform for transformative brands, newsrooms and media companies, announced the launch of the brand new Shutterstock Editorial platform, including offering Editorial Subscriptions for the first time. This centralized destination offers the entire Shutterstock Editorial offering with more than 90 million assets across entertainment, breaking news, sports, and archival already available and 700,000 new assets added each... Read More
Shutterstock announces AI plans with OpenAI Partnerships 

Shutterstock announces AI plans with OpenAI

GaryPageau , ,
Creative platform Shutterstock, Inc. unveiled its plan to launch its AI-generated content capabilities “in a manner that is responsible and transparent for its customers and contributors,” according to the announcement. “In expanding its partnership with OpenAI, launching a fund to compensate artists for their contributions, and focusing its R-and-D machine on gathering and publishing insights related to AI-generated content, Shutterstock... Read More
Shutterstock reports second-quarter 2022 financial results Earnings reports News 

Shutterstock reports second-quarter 2022 financial results

GaryPageau
Shutterstock, Inc. announced second-quarter revenue for the ended June 30, 2022, increased 9% to $206.9 million (on a constant currency basis, revenue increased 13%). Income from operations dropped 24% to $25.4 million and net income decreased 34% to $19.4 million.  “With the acquisitions of Pond5 and Splash News and the release of our Creative Flow suite of workflow applications and... Read More
Shutterstock acquires Splash News News 

Shutterstock acquires Splash News

GaryPageau ,
Shutterstock, Inc. announced the acquisition of Splash News, an entertainment news networks for newsrooms and media companies. A leading source for image and video content across celebrity, red carpet, and live events for over three decades, Splash News is an industry leader with customers including E! News, People, Daily Mail, TMZ, Dow Jones, Reach and News UK. Splash’s comprehensive collection... Read More
Shutterstock reports fourth-quarter revenue jumped Earnings reports News 

Shutterstock reports fourth-quarter revenue jumped

GaryPageau
Shutterstock, Inc. announced fourth-quarter revenue increased 14% to $205.8 million, but income from operations decreased 47% to $14.6 million and net income decreased 35% to $16.9 million. On a constant currency basis, revenue increased 15%. “We ended 2021 with solid performance, driven by our Enterprise sales execution and continued popularity in our subscription products,” said Stan Pavlovsky, the Company’s Chief... Read More
Shutterstock announces partnership with Picsart News Partnerships 

Shutterstock announces partnership with Picsart

GaryPageau ,
Shutterstock announced a partnership with creativity tool Picsart, giving their customers direct access to 20 million Shutterstock images from within the Picsart platform, which includes mobile and web, via the Shutterstock API. According to the statement, ​​Picsart reaches 150 million monthly active users who produce more than 1 billion edits each month. Read More
Shutterstock acquires PicMonkey Acquisitions 

Shutterstock acquires PicMonkey

GaryPageau ,
Shutterstock, Inc. announced the $110 million acquisition of PicMonkey, an online graphic design and image editing platform, from Spectrum Equity. The company said the deal complements Shutterstock’s content subscriptions with easy-to-use image and video design tools and expands Shutterstock’s “audience reach and addressable market by extending into the rapidly growing $8 billion market opportunity for creative software and design tools.” The... Read More
Shutterstock acquires three AI platforms News 

Shutterstock acquires three AI platforms

GaryPageau
Shutterstock, Inc. announced the launch of Shutterstock.AI, a new subsidiary that has acquired three AI platforms, Pattern89, Datasine, and Shotzr, for about $35 million. With these three acquisitions, “Shutterstock.AI will continue to rapidly develop its own predictive performance capabilities to help creatives and customers accomplish their goals by making more data-informed content decisions,” the company said. In the near term,... Read More
Shutterstock launches WordPress plugin that suggests photos based on content New Products 

Shutterstock launches WordPress plugin that suggests photos based on content

GaryPageau ,
Stock content company Shutterstock, Inc. announced a new integration with the WordPress platform. The plugin, which is available in 21 languages, gives users access to 350+ million licensed images from within WordPress and automatically suggests relevant visuals based on a Smart Image Recommendations tool developed by Shutterstock. The WordPress plugin provides Smart Image Recommendations that will automatically suggest relevant images... Read More
Shutterstock announces Top Creative Trends for 2020 Market research 

Shutterstock announces Top Creative Trends for 2020

GaryPageau
Shutterstock Inc., a leading global technology company offering a creative platform for high-quality content, tools and services, today launched its ninth annual Creative Trends Report, identifying global and local trends that will influence design aesthetics and visual culture in 2020. According to eMarketer, growth in average daily time spent with video increased by 11% among users in 2018, making it the fastest-growing... Read More
Introducing Shutterstock Elements, thousands of cinema-grade video effects for filmmakers New Products Press releases 

Introducing Shutterstock Elements, thousands of cinema-grade video effects for filmmakers

GaryPageau
Blockbuster-quality video effects created by industry professionals, including 4K lens flares, essential transitions, captivating video kits with smoke, fire, explosions and more NEW YORK, July 16, 2019 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, today announced its new footage offering—Shutterstock Elements. Over 3,000 elements captured on cinema-grade cameras... Read More
Shutterstock launches “View in Room” augmented reality for mobile News Press releases 

Shutterstock launches “View in Room” augmented reality for mobile

GaryPageau , ,
New virtual reality experience allows iOS app users to visualize how an image from Shutterstock’s collection would look in real life NEW YORK, April 16, 2019 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering high-quality content, tools and services through its creative platform, today announced the launch of its first Augmented Reality (AR) feature, available on the Shutterstock customer iOS application.... Read More