Welcome to our dedicated page for Shutterstock news (Ticker: SSTK), a resource for investors and traders seeking the latest updates and insights on Shutterstock stock.
Shutterstock, Inc. (NYSE: SSTK) is a global leader in digital creative solutions, connecting professionals with premium images, videos, and AI-powered tools. This news hub provides investors and creatives with essential updates about the company’s strategic direction, financial performance, and market innovations.
Discover official press releases, earnings reports, and analyses covering Shutterstock’s licensing partnerships, technology advancements like generative AI integrations, and strategic acquisitions. Our curated feed ensures you never miss developments impacting the digital media landscape.
Key updates include quarterly financial results, content library expansions, leadership changes, and collaborations shaping visual communications. Bookmark this page for streamlined access to verified information about one of the stock photography market’s most dynamic players.
Shutterstock, Inc. (NYSE: SSTK) announced its acquisition of TurboSquid, Inc. for $75 million in cash. This strategic move positions Shutterstock as the world's largest 3D marketplace, enhancing its offerings in 3D, AR, and VR content. TurboSquid, a leader in 3D model marketplaces, provides over one million models and a digital asset management solution. The acquisition is expected to be immediately accretive to Shutterstock’s adjusted net income and EBITDA, with a closing targeted for early February 2021, subject to standard conditions.
Shutterstock, Inc. (NYSE: SSTK) has extended its exclusive agreement with the european pressphoto agency (epa) to distribute epa's visual content in North America, the U.K., and Ireland, effective from January 15, 2021. Since January 2017, Shutterstock has utilized epa's daily output of around 2,200 images, giving editorial clients access to epa's extensive archive of nearly nine million images. Both companies expressed satisfaction with the renewal, emphasizing its potential for growth and enhanced access to premium content for their users.
Shutterstock announced a three-year partnership with West Ham United Football Club, enabling real-time photography for all Premier League, FA Cup, and League Cup matches. The agreement grants Shutterstock exclusive access to off-field events, including training sessions and press conferences. This partnership will enhance West Ham's global reach, providing high-quality visuals to supporters and commercial partners. Shutterstock aims to tap into the growing sports sector, particularly during times when fan attendance is restricted.
Shutterstock, Inc. (NYSE: SSTK) announced a cash dividend increase of $0.21 per share, reflecting a 24% raise from the previous $0.17. The dividend will be payable on March 18, 2021 to stockholders on record by March 4, 2021. CEO Stan Pavlovsky stated this increase demonstrates the company's commitment to returning value to stockholders and confidence in future business prospects. This marks a significant step in enhancing shareholder value amidst ongoing market dynamics.
Shutterstock, Inc. (NYSE: SSTK) will release its fourth quarter and full year 2020 financial results on February 11, 2021, prior to market opening. A conference call will follow at 8:30 a.m. ET where results will be discussed. Access details include a U.S. dial-in number of (844) 634-1442 and a conference ID# 4294996. A live audio webcast will be available on Shutterstock's investor relations page, with recorded replays accessible until February 18, 2021.
Shutterstock (NYSE:SSTK) has launched The Create Fund, a $300,000 grant program aimed at supporting artists focusing on diversity, inclusion, social justice, and environmental issues. This initiative is designed to fill content gaps and enhance representation within its content library. Grants will be awarded for projects promoting climate awareness, mental health, and supporting senior creatives. Artists can apply until February 8, 2021, and will be selected by a diverse panel. The program aims to empower underrepresented artists and enrich Shutterstock's offerings.
Shutterstock (NYSE: SSTK) announces a new integration with WordPress, allowing users access to over 350 million licensed images and a Smart Image Recommendations tool. The plugin, available in 21 languages, is designed to streamline the publishing process, making it quicker for users to find relevant visuals for their content. Additionally, Shutterstock has been named a WordPress VIP Featured Technology Partner, enhancing its visibility in the enterprise market. This integration aims to empower brands in storytelling through engaging visual content.
Shutterstock (NYSE: SSTK) has appointed Alfonse Upshaw, Senior VP and Chief Accounting Officer at Kaiser Foundation, to its board of directors, where he will chair the audit committee. CEO Stan Pavlovsky expressed confidence in Upshaw's strategic background and business development expertise to enhance the board's effectiveness. Upshaw brings extensive experience in accounting, governance, and business development from both Kaiser Permanente and Deloitte. His appointment aligns with Shutterstock's goal to innovate and strengthen its subscription model.
Shutterstock (NYSE: SSTK) has launched its 2020 Year in Review, showcasing pivotal moments from a historic year. Curated from millions of photos, this collection reflects significant events, including the Coronavirus pandemic, the Black Lives Matter movement, and the US Election. The initiative emphasizes photography's role in documenting history and aims to honor the resilience of photographers during these challenging times.
