Category: Services

Shutterstock Launches The Vault, One of the Largest Photo and Video Archive Collections in the World

Shutterstock has been very busy. They recently took a strategic decision to become a player in the 3D imaging market and now they have launched an archival collection of premium media assets including 50 million photographs and video. It’s called The Vault and here is the press release:


NEW YORK, Feb. 2, 2021 – Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced the launch of The Vault, Shutterstock’s archival collection with over 50 million assets across photo and video, covering royals, film, music, sports, wars, politics, and celebrities, making it one of the largest photo and video archives in the world that provides a comprehensive chronicle of the 20th Century.

The physical location of The Vault is in an Iron Mountain facility in London, with a significant number of photographs digitized and made available on Shutterstock Editorial. The Vault houses archival content through a rich blend of Shutterstock-owned collections, as well as strategic alliances with world-class global partners, including AP, Associated News, and ITV.

“For the first time in six years, we are delighted to open The Vault, officially providing Shutterstock’s customers with unparalleled access to the best historical content across a wide range of categories,” said Jamie Elden, Chief Revenue Officer at Shutterstock. “Archival photography and footage not only preserve our history, but it adds color and credibility to storytelling in an authentic and cost-effective way, providing immense value, and a wide range of new stories to be told for documentary, film, and television producers.”

The Vault is managed by Greg Watts at Shutterstock, who leads a team of archivists that catalogue and preserve the content. “I started my career 29 years ago at Rex as a filing clerk in the physical archive in East London, and I am incredibly excited to make this very special collection accessible to the wider Shutterstock community,” said Watts. “There are images that have not been seen for nearly 20 years, waiting to be discovered — it’s truly an A-Z of more than a century of world events and stories.”

The Vault’s offering includes The Rex Features Collection, which chronicles historical moments, including iconic images of the British Royal family, Ronald Reagan’s transition from film star to politician, as well as Dezo Hoffman’s archive, who photographed musical icons, such as Sinatra in the recording studios, and Marvin Gaye appearing on “Ready Steady Go.”

Additionally, Shutterstock houses the ITV archive, and is the exclusive distribution partner for its enormous catalogue of TV stills, including classics such as Coronation Street, Emmerdale, Spitting Image, The Prisoner, Thunderbirds and Upstairs Downstairs.

Other Shutterstock-owned collections include:

  • The Berliner Archive: Founded in 1973, covering celebrity events in Los Angeles, New York and Las Vegas.
  • The Picture Library: For 50 years, Alan Davidson, the photographer behind a number of iconic images, from Sylvester Stallone and Arnold Schwarzenegger dancing, to a teenage Lady Diana Spencer, captured some of the world’s most prolific people, and memorialized countless historical moments.
  • The Harry Myers Collection: Starting his career in the 40s and shooting for almost six decades, Myers took photographs of arguably every major film star at London film premieres.
  • The Art Archive: A rare and extensive offering from the world’s leading fine art galleries, museums and private collections covering every aspect of the creative arts and world culture — from ancient Egyptian hieroglyphics dating back to 2500 BC, to Buzz Aldrin’s first steps on the moon.

Open The Vault.

ABOUT SHUTTERSTOCK

Shutterstock, Inc. (NYSE: SSTK), is a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies. Directly and through its group subsidiaries, Shutterstock’s comprehensive collection includes high-quality licensed photographsvectorsillustrationsvideos and music. Working with its growing community of over one million contributors, Shutterstock adds hundreds of thousands of images each week, and currently has more than 350 million images and more than 20 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 Bigstock, a value-oriented stock media offering; Shutterstock Studios, an end-to-end custom creative shop; Offset, a high-end image collection; PremiumBeat, a curated royalty-free music library; and Shutterstock Editorial, a premier source of editorial images and videos for the world’s media.

For more information, please visit www.shutterstock.com and follow Shutterstock on Twitter and on Facebook

Shutterstock goes 3D

DPNow comment: You might have assumed that Shutterstock was ‘just’ a stock photographic image marketplace, but you’d be behind the times. Shutterstock has already expanded into stock music and video. And today’s news is that Shutterstock is addingf the 3D category to its portfolio with the acquisiton of 3D modelling and workflow company, TurboSquid.

Press Release –

Shutterstock to Acquire TurboSquid, the World’s Largest 3D Marketplace

Shutterstock acquires Turbosquid

NEW YORK, Jan. 26, 2021 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK) (the “Company”), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced that it entered into a definitive agreement to acquire TurboSquid, Inc., positioning Shutterstock as the world’s largest 3D marketplace.

The acquisition of TurboSquid establishes Shutterstock as the premium destination for 3D models.

For over 20 years, TurboSquid has been a 3D industry leader, offering a unified 3D workflow, and operating a marketplace offering of more than one million 3D models, a 2D marketplace derived from 3D objects, and a digital asset management solution offered on a SaaS basis. Since its inception in 2000, TurboSquid has enabled the creation, optimization, publishing and monetization of 3D models, while accelerating time to market and reducing development hours via its proprietary technology.

“At Shutterstock, we are constantly at the forefront of innovation, monitoring the creative roadmap through our clients,” said Stan Pavlovsky, CEO of Shutterstock. “The growth of 3D, AR and VR content and the potential to engage consumers with this disruptive technology is at an all-time high, and TurboSquid’s industry-leading platform allows us to make the distribution of 3D accessible to Shutterstock’s community of creators and marketers across video, gaming, e-commerce, and beyond.”

TurboSquid’s Chief Executive Officer Matt Wisdom added, “Nobody in the world understands the creative landscape better than Shutterstock. The visionary leadership and tech innovation make it the perfect place for TurboSquid and its employees to continue what we do best — creating and building a 3D powerhouse and cloud-based digital asset management solution.”

The acquisition of TurboSquid establishes Shutterstock as the premium destination for 3D models. In addition, TurboSquid’s PixelSquid offering provides access to content sourced from 3D models in an easy-to-use 2D format, which allows users to tap into the power and flexibility that comes with 3D. TurboSquid’s SaaS offering, Kraken, is a turnkey solution that companies use to manage their own libraries of models and streamline 3D asset management.

CapM Advisors acted as financial advisor to Shutterstock, and Raymond James acted as financial advisor to TurboSquid.

Transaction Highlights

  • Shutterstock will become the world’s largest 3D marketplace.
  • Strong strategic fit and meaningful revenue synergies with Shutterstock.
  • Consideration for the transaction consists of $75 million of cash payable at closing.
  • Expected to be immediately accretive to adjusted net income per diluted share and adjusted EBITDA.
  • Transaction is targeted to close in early February, subject to customary closing conditions.

ABOUT SHUTTERSTOCK

Shutterstock, Inc. (NYSE: SSTK), is a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies. Directly and through its group subsidiaries, Shutterstock’s comprehensive collection includes high-quality licensed photographsvectorsillustrationsvideos and music. Working with its growing community of over one million contributors, Shutterstock adds hundreds of thousands of images each week, and currently has more than 350 million images and more than 20 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 Bigstock, a value-oriented stock media offering; Shutterstock Studios, an end-to-end custom creative shop; Offset, a high-end image collection; PremiumBeat, a curated royalty-free music library; and Shutterstock Editorial, a premier source of editorial images and videos for the world’s media.

For more information, please visit www.shutterstock.com and follow Shutterstock on Twitter and on Facebook.

ABOUT TURBOSQUID

Founded in 2000, TurboSquid is the world’s leading source for stock 3D models. Their customers include over half of the Fortune 100 and a diverse set of industries including film and television, retail, gaming, news media, advertising, architecture and defense. Powered by a passionate contributor community from around the globe, TurboSquid is dedicated to improving how 3D models are built, bought and used. Their latest initiative, Kraken, is an asset management platform designed to help organizations finally bring order to their 3D libraries.

TurboSquid is headquartered in New Orleans, Louisiana.

For more information, please visit turbosquid.com.