Profile: Shutterstock Inc (SSTK.N)
Shutterstock, Inc. (Shutterstock), incorporated on May 3, 2012, is a global technology company that operates a two-sided marketplace for professionals to license content. The Company's library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery. It also offers digital asset management services through its cloud-based digital asset management platform (webdam). This service provides tools for customers to manage creative content and brand management assets. Its global marketplace brings together users and contributors of content by providing a collection of content its customers can pay to license and incorporate into their work and by compensating contributors as their content is licensed to customers. Its customers include Marketing Agencies, Marketing Agencies and Other Organizations.
The Company offers a license for a variety of content types, including current and archival photographs, illustrations, vector art, video clips and music tracks. Its content offerings include Shutterstock, Bigstock, Offset Shutterstock Music, Shutterstock Editorial and webdam. Shutterstock includes photographs, vectors, illustrations and videos. Shutterstock is a source of digital imagery for multimedia producers across the world. Bigstock maintains a library of photos, illustrations, vectors and videos specifically curated to meet the needs of independent creators and others seeking to incorporate digital imagery into their projects. Its Offset brand provides imagery, featuring work from top assignment photographers and illustrators from around the world, in addition to established and respected collections, including National Geographic and The Licensing Project. Shutterstock music provides audio tracks and sound effects giving businesses, marketers, producers and filmmakers access to the audio content they need. Shutterstock editorial provides editorial imagery, such as celebrity, entertainment, sports and news images to a range of customers from independent bloggers to traditional media outlets by providing a real-time feed of editorial content and an archive of photos and videos. Webdam provides tools to marketing and creative teams through its digital asset management platform. webdam's products help organizations manage, search, distribute and collaborate on creative and other brand-building activities to reach new audiences.
The Company competes with iStockphoto, AdobeStock, Visual China Group, Dreamstime, Getty Images, Universal Music Publishing Group, Sony/ATV Music Publishing, Warner Music Group, EMI Music Publishing, Google Images and Flickr.
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