![]() Shutterstock also revealed today (May 11) that Paul Hennessy has been named as its new Chief Executive Officer, effective July 1, 2022. Shutterstock claims that its acquisition of Pond5 solidifies its position as “the premium destination for its global customer community for unique access to editorial content, video footage and music”. ![]() Pond5 says they upload over 2.5 million assets each month. ![]() Shutterstock offers a ‘Music unlimited’ subscription for its royalty free music library priced $16.60/month.įounded in 2006, Pond5 operates using a network of over 115,000 active contributors across 180 countries. Shutterstock, which generated revenues of $773.4 million in 2021, also owns a royalty-free music library called PremiumBeat, which it acquired in 2015. The Pond5 deal follows Shutterstock’s buyout of AI-driven music platform Amper Music for an undisclosed sum in 2020. Getty Images, meanwhile, also hosts a royalty-free music library powered by Epidemic Sound. Shutterstock rival Adobe, for example inked a deal in 2020 to carry rights-free music catalogs from both Epidemic Sound and Jamendo. The move bolsters Shutterstock’s positioning amongst stock image and video sites that also offer rights-free music. ![]() The company also runs a royalty-free stock music service, with a library of 1.6 million music tracks and 1.7 million sound effects assets, which Shutterstock now owns, following a $210 million cash deal to acquire Pond5. Pond5’s customers include the likes of Netflix, Disney, NBC, BBC, Discovery Channel and The Wall Street Journal and its collection includes 30 million licensable video clips. New York-based stock content firm Shutterstock has acquired Pond5, which claims to be the world’s largest online marketplace for royalty-free and editorial video. ![]()
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