#Shutterstock video tv#

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. Directly and through its group subsidiaries, Shutterstock's comprehensive collection includes high-quality licensed photographs, vectors, illustrations, 3D models, videos and music. (NYSE: SSTK), is the leading global creative platform for transformative brands and media companies. Investors can find a link to the presentation materials on the Pond5 transaction at

Jefferies LLC acted as financial advisor, and Goodwin Procter LLP acted as legal advisor to Pond5.

Immediately accretive to 2022 adjusted EBITDA, even after one-time transaction related costsД¬apM Advisors acted as financial advisor, and Cahill Gordon & Reindel LLP acted as legal advisor to Shutterstock.Maintaining 2022 revenue and adjusted EBITDA margin guidance.Complementary customer base with powerful relationships with the world's largest media outlets, social media platforms, and OTT streaming companies.Further scales Shutterstock's video business and expands Shutterstock's editorial offering with unique and high-quality exclusive video content.Consideration for the transaction consists of $210 million of cash paid at closing.Our combined editorial offerings will be a competitive force in the market, and offer additional choice to customers with highly exclusive editorial video content.' Tom Crary, CEO at Pond5 said, 'We could not be more thrilled to join forces with Shutterstock to lead the video and music space. Shutterstock is constantly reinventing, and this acquisition brings together powerful creators and exceptional content to ensure our customers have world class video, music and editorial collections at their fingertips.' Jamie Elden, Chief Revenue Officer at Shutterstock said,В 'With this acquisition, we are able to offer our customers across global agency, corporate, and media channels access to one of the largest premium archival collections in the industry. 'Our contributors will also benefit from having their work showcased on Pond5's platform, expanding their portfolio to new customers.' 'The acquisition of Pond5 provides immense value for our global customer base, with unparalleled access to one of the largest collections of editorial and commercial video content in the world,' said Jon Oringer, Interim Chief Executive Officer at Shutterstock. Additionally, Pond5's premium editorial content partners, such as Reuters, PA Media and British Movietone, will provide Shutterstock's global customer community access to up-to-the-minute and archival news footage. Since its inception in 2006, Pond5 has built an expanding contributor network of over 115,000 active contributors across 180 countries, who upload over 2.5 million assets each month.

#Shutterstock video tv#

Pond5 combines their vast collection вЂ“ which can be seen in various destinations, ranging from films and TV shows including Succession and The Queen's Gambit, to YouTube videos, video games and Super Bowl ads вЂ“ with a best-in-class search experience that makes it seamless for creators to find what they need, even for the most unpredictable and niche content searches. Shutterstock Studios customers are also able to leverage their access to the offering, integrating clips from Pond5's unparalleled offering into powerful short form and long form content. Integrated with Shutterstock's workflow applications, this expansive content library enables Shutterstock's global customer community to create with confidence, and provides value to Pond5's 115K+ contributors, by expanding the distribution of their content to new regions and customers. This acquisition solidifies Shutterstock's position as the premium destination for its global customer community for unique access to editorial content, video footage and music.