Shutterstock Acquires Splash News, One of the World’s Leading Entertainment News Networks
PR96247
NEW YORK, May 31, 2022 /PRNewswire=KYODO JBN/ --
--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
Shutterstock, Inc. ( https://www.shutterstock.com/ ) (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.
Photo - https://mma.prnewswire.com/media/1827955/couUeZ9x.jpg
Logo - https://mma.prnewswire.com/media/1075411/shutterstock_Logo.jpg
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.
SOURCE: Shutterstock, Inc.
CONTACT: Aimee Leabon, press@shutterstock.com, +1-917-563-4991
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