Shutterstock Celebrates Over 1 Billion Image, Video and Music Licenses Sold
To Mark This Milestone, Shutterstock Rang the Closing Bell at the New York Stock Exchange
Shutterstock, Inc., a leading global technology company offering a creative platform for high-quality assets, tools, and services, announced that it has licensed more than 1 billion royalty free images, videos and music tracks across all of its businesses. Shutterstock was founded in 2003 and this milestone reflects licenses granted over the past 14 years. Shutterstock’s library now offers more than 170 million commercial images, 40 million editorial images and 9 million video clips.
Shutterstock licenses more than 5.5 images every second directly from its website and through innovative API integrations with companies such as Facebook, Google and Microsoft. Shutterstock not only empowers businesses, marketing agencies, media organizations and production companies around the world through its e-commerce and enterprise offerings but also by seamlessly embedding into its customer’s workflow, wherever that may be.
Jon Oringer, Founder and CEO of Shutterstock, said, “Shutterstock’s continued commitment to developing innovative technology, offering an unparalleled customer experience and providing high-quality content to customers globally has led to unique partnerships providing access to customers directly from the tools they use most often. Reaching 1 billion licenses signifies the prominent role visual communications plays in media, advertising and film every day. I look forward to the next decade of technology advancements embedding Shutterstock everywhere while continuing to enhance our creative platform helping customers best create and communicate their story.”
Shutterstock has been a publicly traded company for over five years, and to mark the sale of over 1 billion licenses, Shutterstock rang the closing bell at the New York Stock Exchange on Wednesday, January 31.
In October last year, Shutterstock announced the release of its Composition Aware Search in beta, enabling an entirely new search experience. Built on Shutterstock’s next-generation visual similarity model, this tool allows users to specify one or more keywords, or to search for copy space, and arrange them spatially on a canvas to reflect the specific layout of the image they are seeking.