This acquisition bolsters Shutterstock Editorial's Newsroom
offering with a global photographer network of 4000+ contributors,
and an archive of over 27 million images across celebrity, red
carpet and live events
NEW YORK, May 31, 2022 /PRNewswire/ -- Shutterstock,
Inc. (NYSE: SSTK), the
leading global creative platform for transformative brands and
media companies, today announced the acquisition of Splash News,
one of the world's leading 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 includes an archive of over 27
million images, and a contributor network of more than 4,000
photographers.
This acquisition solidifies Shutterstock Editorial's Newsroom
offering as the premium destination for its global customers for
unparalleled access to premium exclusive content. The Newsroom will
now host an archive of over 30 million images, with a live feed of
40,000 images uploaded per day from a network of over 4,000
photographers. This is combined with The Vault, Shutterstock's
archive of over 60 million photo and video assets, making it one of
the largest archival collections in the world. Contributors will
now have their work showcased to Shutterstock's millions of
customers worldwide. Additionally, the Splash platform is an
easy-to-use tool for contributors to engage with, providing
transparency and enhancing speed to market within a complete
end-to-end experience.
Splash's vast collection provides a chronicle of some of the
most iconic moments from the last three decades – from images of
George Clooney and Amal Alamuddin's 2014 wedding in Venice, to photographs of "Bennifer" from when
they dated in 2002. A thriving archive of over 27 million images
joins Shutterstock Editorial's archive of over 60 million assets,
making this one of the largest Editorial photo and video archives
in the industry. This is combined with white glove service from a
team of market experts to package key trending stories, archival
and UGC content, to help our global clients tell the story behind
the story.
Since its inception in 1990, Splash has built strong brand
recognition and trust within the entertainment industry. Over more
than three decades, Splash has developed a loyal, expanding
contributor network of over 4,000 photographers around the world,
who upload over 20,000 assets each day. This is combined with over
20,000 images uploaded each day across Shutterstock
Editorial.
"Splash has been revered for decades as the best in the business
for premium celebrity and entertainment content, and with this
acquisition, Shutterstock will own the entertainment
category," said Jamie Elden,
Chief Revenue Officer at Shutterstock. "The addition of
Splash to The Newsroom will provide our global customers with an
unrivaled experience through our unique concierge service, our
comprehensive coverage of events, and one of the largest archive
collections in the world."
"Splash is an established and respected brand that has showcased
some of the most significant pop culture moments, and we're
thrilled to welcome them to the Shutterstock family," said
Candice Murray, Vice President of
Editorial at Shutterstock. "The fusion of Splash, a
respected legacy brand, and the Shutterstock Newsroom, an elevated
premium service offering, will allow us to scale our entertainment
vertical. With this union, we are positioning Shutterstock as the
market leader for entertainment, providing our global customer base
with best-in-class editorial content."
Terms of the transaction were not disclosed.
About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK), is the
leading global creative platform for transformative brands and
media companies. Directly and through its group subsidiaries,
Shutterstock's comprehensive collection
includes high-quality licensed
photographs, vectors, illustrations, 3D
models, videos and music.
Working with its growing community of over 2 million contributors,
Shutterstock adds hundreds of thousands of images each week, and
currently has more than 405 million images and more than 25 million
video clips available.
Headquartered in New York City,
Shutterstock has offices around the world and customers in more
than 150 countries. The Company also owns Splash News, the world's
leading entertainment news agency for newsrooms and media companies
worldwide, Pond5, the world's largest video marketplace,
TurboSquid, the world's largest 3D content
marketplace, PicMonkey, a leading online graphic
design and image editing platform; Offset,
a high-end image collection; Shutterstock
Studios, an end-to-end custom creative shop;
PremiumBeat, a curated royalty-free
music library; Shutterstock Editorial, a premier source
of editorial
images and videos for the
world's media; Amper Music,
an AI-driven music platform;
and Bigstock, a value-oriented stock media
offering.
For more information, please
visit www.shutterstock.com and follow
Shutterstock on Twitter and
on Facebook.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact are
forward-looking. Examples of forward-looking statements include,
but are not limited to, statements regarding guidance, industry
prospects, future business, future results of operations or
financial condition, future dividends, our ability to consummate
acquisitions and integrate the businesses we have acquired or may
acquire into our existing operations, new or planned features,
products or services, management strategies, our competitive
position and the COVID-19 pandemic. You can identify
forward-looking statements by words such as "may," "will," "would,"
"should," "could," "expect," "aim," "anticipate," "believe,"
"estimate," "intend," "plan," "predict," "project," "seek,"
"potential," "opportunities" and other similar expressions and the
negatives of such expressions. However, not all forward-looking
statements contain these words. Forward-looking statements are
subject to known and unknown risks, uncertainties and other factors
that could cause our actual results to differ materially from those
expressed or implied by the forward-looking statements contained
herein. Such risks and uncertainties include, among others, those
discussed under the caption "Risk Factors" in our most recent
Annual Report on Form 10-K, as well as in other documents that the
Company may file from time to time with the Securities and Exchange
Commission. As a result of such risks, uncertainties and factors,
Shutterstock's actual results may differ materially from any future
results, performance or achievements discussed in or implied by the
forward-looking statements contained herein. The forward-looking
statements contained in this press release are made only as of this
date and Shutterstock assumes no obligation to update the
information included in this press release or revise any
forward-looking statements, whether as a result of new information,
future developments or otherwise, except as required by law.
Photo -
https://mma.prnewswire.com/media/1827955/couUeZ9x.jpg
Logo -
https://mma.prnewswire.com/media/1075411/shutterstock_Logo.jpg