Shutterstock and Getty Images, one of the world’s leading stock content platforms, announced that they have decided to make a major merger in the first days of the new year. According to the statement made by Shutterstock CEO Paul Hennessy, this merger will increase the content, technology and service capabilities of both companies and offer customers a wider range of high-quality and ethically sourced licensable content.
When the merger is completed, Shutterstock’s brands will be TurboSquid, Pond5, PremiumBeat, GIPHY and Envato will also be directly affected by this cooperation. Hennessy stated that the merger will increase its capacity to offer innovative solutions to small and large-scale customers on a global scale and will provide customers with more powerful tools in storytelling processes.
Shutterstock and Getty Images are merging, but the companies will remain independent for now
While it was stated that it would take time to complete the merger process, it was said that Shutterstock and Getty Images will continue to operate as independent companies for now. There will be no interruption in the current services offered to customers during this period.
Hennessy said in its statement:Your existing Shutterstock services and solutions will continue uninterrupted. We are committed to providing our customers with the same quality and value as always” he stated. It was also stated that developments will be shared regularly in the later stages of the process.
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