Shutterstock, a privately owned company headquartered in the US, was founded in 2003 and employs approximately 5650 individuals. The company functions as a creative platform providing full-service solutions, content, and tools for brands, businesses, and media companies. Its collection encompasses licensed photographs, vectors, illustrations, videos, 3D models, and music.
On April 23, Simply Wall St. maintained its fair value estimate for Shutterstock at US$28.85 per share, observing a shifting narrative for the company driven by its AI initiatives and the ongoing uncertainty surrounding the Getty Images merger. Earlier on April 23, a U.K. Competition and Markets Authority (CMA) watchdog indicated that Shutterstock needed to sell its editorial business to gain approval for the proposed $3.7 billion merger with Getty Images. The CMA previously expressed concerns regarding the supply of editorial content to publishers in the U.K. This development followed the U.S. Court of Appeals for the Second Circuit's decision on April 20 to revive copyright infringement claims against Shutterstock Inc., vacating a district court's ruling that had granted the online photo licensing marketplace Digital Millennium Copyright Act safe harbor immunity. The appeals court remanded the case for further proceedings to evaluate if Shutterstock’s content review practices disqualify it from such protection, arising from a dispute initiated by a photographer.
Similar Companies
Subscribe for full access to Shutterstock's profile
Shutterstock offers products in the enterprise tech industry. Shutterstock's product portfolio comprises of generative AI.
Subscribe for full access to Shutterstock's products in full detail
Subscribe for full access to Shutterstock's revenue in full detail
Subscribe for full access to Shutterstock's products in full detail 
