Shutterstock Completes Acquisition of Envato
Shutterstock (NYSE: SSTK) has completed its acquisition of Envato, a leader in digital creative assets and templates. This strategic move significantly expands Shutterstock's offering and market reach. Key highlights include:
- Addition of Envato Elements, a leading unlimited multi-asset subscription offering
- Expansion into faster-growing audiences like freelancers, hobbyists, and small businesses
- 650,000 new subscribers, more than doubling Shutterstock's subscriber base to 1.15 million
- Increased Content revenue from various digital assets
- Bolstered content library with millions of new assets
- Diversification into new content types including code, web themes, and templates
The acquisition coincides with Envato's new visual brand identity launch, marking a significant milestone in the company's evolution.
Shutterstock (NYSE: SSTK) ha completato l'acquisizione di Envato, un leader nel settore delle risorse creative digitali e dei template. Questa mossa strategica amplia notevolmente l'offerta e la portata di mercato di Shutterstock. I punti salienti includono:
- Aggiunta di Envato Elements, un'offerta di abbonamento illimitato a multi-risorse
- Espansione in audience in rapida crescita come liberi professionisti, hobbisti e piccole imprese
- 650.000 nuovi abbonati, più del raddoppio della base di abbonati di Shutterstock a 1,15 milioni
- Aumento dei ricavi dai contenuti provenienti da varie risorse digitali
- Rafforzamento della libreria di contenuti con milioni di nuove risorse
- Diversificazione in nuovi tipi di contenuti tra cui codice, temi web e template
L'acquisizione coincide con il lancio della nuova identità visiva di Envato, segnando un traguardo significativo nell'evoluzione dell'azienda.
Shutterstock (NYSE: SSTK) ha completado la adquisición de Envato, un líder en activos creativos digitales y plantillas. Este movimiento estratégico amplía significativamente la oferta y el alcance de mercado de Shutterstock. Los aspectos más destacados incluyen:
- Adición de Envato Elements, una oferta de suscripción ilimitada de múltiples activos
- Expansión hacia audiencias de más rápido crecimiento como freelancers, aficionados y pequeñas empresas
- 650,000 nuevos suscriptores, más que duplicando la base de suscriptores de Shutterstock a 1.15 millones
- Aumento de los ingresos por contenido provenientes de varios activos digitales
- Fortalecimiento de la biblioteca de contenido con millones de nuevos activos
- Diversificación en nuevos tipos de contenido incluyendo código, temas web y plantillas
La adquisición coincide con el lanzamiento de la nueva identidad visual de Envato, marcando un hito significativo en la evolución de la empresa.
셔터스톡(NYSE: SSTK)은 환경을 인수 완료했습니다, 디지털 크리에이티브 자산 및 템플릿의 선두주자. 이 전략적 움직임은 셔터스톡의 제공 및 시장 범위를 크게 확장합니다. 주요 하이라이트는 다음과 같습니다:
- 무제한 다중 자산 구독 제공인 Envato Elements의 추가
- 프리랜서, 취미자 및 소기업과 같은 더 빠르게 성장하는 잠재고객으로의 확장
- 650,000명의 신규 가입자, 셔터스톡의 가입자 수를 1.15백만으로 두 배 이상 증가
- 다양한 디지털 자산에서 발생하는 콘텐츠 수익 증가
- 수백만 개의 새로운 자산으로 콘텐츠 라이브러리 강화
- 코드, 웹 테마 및 템플릿을 포함한 새로운 콘텐츠 유형으로의 다각화
이번 인수는 Envato의 새로운 비주얼 브랜드 아이덴티티 출시와 동시에 이루어지며, 회사 발전의 중요한 이정표가 됩니다.
Shutterstock (NYSE: SSTK) a terminé l'acquisition d'Envato, un leader dans les actifs créatifs numériques et les modèles. Ce mouvement stratégique élargit considérablement l'offre et la portée de Shutterstock. Les points clés incluent :
- Ajout d'Envato Elements, une offre d'abonnement illimitée à plusieurs actifs
- Expansion vers des publics en forte croissance tels que les freelances, les amateurs et les petites entreprises
- 650 000 nouveaux abonnés, doublant plus que la base d'abonnés de Shutterstock à 1,15 million
- Augmentation des revenus de contenu provenant de divers actifs numériques
- Renforcement de la bibliothèque de contenu avec des millions de nouveaux actifs
- Diversification dans de nouveaux types de contenu, y compris du code, des thèmes web et des modèles
L'acquisition coïncide avec le lancement de la nouvelle identité visuelle d'Envato, marquant une étape importante dans l'évolution de l'entreprise.
Shutterstock (NYSE: SSTK) hat die Übernahme von Envato abgeschlossen, einem führenden Anbieter von digitalen Kreativressourcen und Vorlagen. Dieser strategische Schritt erweitert erheblich das Angebot und die Marktpräsenz von Shutterstock. Die wichtigsten Highlights sind:
- Hinzufügung von Envato Elements, einem führenden unbegrenzten Multi-Asset-Abonnement
- Expansion in schnell wachsende Zielgruppen wie Freiberufler, Hobbyisten und kleine Unternehmen
- 650.000 neue Abonnenten, was die Abonnentenbasis von Shutterstock auf 1,15 Millionen mehr als verdoppelt
- Erhöhung der Einnahmen aus verschiedenen digitalen Vermögenswerten
- Erweiterung der Content-Bibliothek mit Millionen neuer Assets
- Diversifikation in neue Content-Typen einschließlich Code, Web-Themen und Vorlagen
Die Übernahme fällt mit dem Launch von Envatos neuer visueller Markenidentität zusammen, was einen bedeutenden Meilenstein in der Entwicklung des Unternehmens darstellt.
- Acquisition of Envato adds 650,000 subscribers, more than doubling Shutterstock's subscriber base to 1.15 million
- Expands Shutterstock's reach to faster-growing audiences such as freelancers, hobbyists, and small businesses
- Increases Shutterstock's Content revenue from video, audio, graphics, fonts, and templates
- Bolsters content library with millions of new assets across various categories
- Diversifies Shutterstock's offerings into new content types including code, web themes, and templates
- None.
Insights
This acquisition is a strategic win for Shutterstock, particularly in terms of market expansion and revenue diversification. The inclusion of Envato’s 650,000 subscribers significantly boosts Shutterstock's subscriber base, more than doubling it to 1.15 million. This will likely result in a considerable increase in recurring revenues, making Shutterstock's financials more robust. Additionally, the expanded content library bolsters Shutterstock's portfolio, adding diverse digital assets that appeal to a wider audience. This could enhance Shutterstock's competitiveness and open up new revenue streams, particularly in the high-demand sectors of code, web themes and product mock-ups.
From a financial perspective, the acquisition can be viewed positively, as it strengthens Shutterstock’s market position and adds to its revenue base. Moreover, the diversification of content types mitigates risks associated with reliance on specific asset categories, further stabilizing revenue flows.
The acquisition is set to significantly enhance Shutterstock's market presence among freelancers, hobbyists, small businesses and agencies. These segments are characterized by faster growth and diverse needs for high-quality creative content. By integrating Envato’s offerings, Shutterstock is well-positioned to capture a substantial share of this expanding market.
This deal not only doubles the subscriber base but also enriches Shutterstock’s content portfolio with millions of new assets. This extensive library will likely attract more users seeking one-stop solutions for varied digital content needs, from social media posts to professional presentations. Furthermore, the inclusion of Envato’s diverse digital assets, such as fonts and templates, aligns well with the increasing demand for customizable and versatile content in the digital marketing and creative industries.
Integrating Envato’s diverse content types, including code and web themes, product mock-ups and various templates, significantly bolsters Shutterstock's technological arsenal. This positions Shutterstock to cater to the evolving needs of digital creators and marketers who seek comprehensive and integrated solutions. The expanded library with millions of new assets, including 10 million images and 6 million videos, will enhance the platform’s utility and attractiveness.
Additionally, the launch of Envato’s new visual brand identity signifies a forward-thinking approach and commitment to staying relevant and appealing to modern creatives. This rebranding, in conjunction with the acquisition, presents a fresh and robust image, likely to attract more users and enhance user retention through an improved user experience.
Strategic Highlights:
- Complements Shutterstock's existing offering with Envato Elements, a leading unlimited multi-asset subscription offering
- Expands Shutterstock's reach within faster growing audiences such as freelancers, hobbyists, small businesses and agencies
- Adds 650k subscribers, more than doubling Shutterstock's subscriber base to 1.15 million
- Increases Shutterstock's Content revenue from video, audio, graphics, fonts and templates
- Bolsters Shutterstock's content library with 10 million images, 6 million videos, 1 million audio clips, 0.5 million templates and 0.2 million graphics & fonts
- Further diversifies Shutterstock into new content types including code & web themes, product mock-ups, fonts and templates (e.g. Slides, PowerPoint, Keynote, WordPress, video, designs for social posts, gaming, podcasts and print-on-demand)
- Deal completion coincides with the launch of Envato's new visual brand identity, currently in a phased rollout across the site, which marks a significant milestone in the company's evolution and commitment to creatives
ABOUT SHUTTERSTOCK
Shutterstock, Inc. (NYSE: SSTK) is a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies. Fueled by millions of creators around the world, a growing data engine and a dedication to product innovation, Shutterstock is the leading global platform for licensing from the most extensive and diverse collection of high-quality 3D models, videos, music, photographs, vectors and illustrations. From the world's largest content marketplace, to breaking news and A-list entertainment editorial access, to all-in-one content editing platform and studio production services—all using the latest in innovative technology—Shutterstock offers the most comprehensive selection of resources to bring storytelling to life.
Learn more at www.shutterstock.com and follow us on LinkedIn, Instagram, X, Facebook and YouTube.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking. Examples of forward-looking statements include, but are not limited to, statements regarding the acquisition, guidance, industry prospects, future business, future results of operations or financial condition, new or planned features, products or services, management strategies and our competitive position. You can identify forward-looking statements by words such as "may," "will," "would," "should," "could," "expect," "aim," "anticipate," "believe," "estimate," "intend," "plan," "predict," "project," "seek," "potential," "opportunities" and other similar expressions and the negatives of such expressions. However, not all forward-looking statements contain these words. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from those expressed or implied by the forward-looking statements contained herein. Such risks and uncertainties include, among others, those discussed under the caption "Risk Factors" in our most recent Annual Report on Form 10-K, as well as in other documents that the Company may file from time to time with the Securities and Exchange Commission. Factors related to the transactions discussed in this document that could cause actual results to differ materially from those contemplated by the forward-looking statements include: the effects of disruption to our or the target's respective businesses; the impact of transaction costs; our ability to achieve the benefits from the proposed transaction; our ability to effectively integrate the acquired operations into our operations; our ability to retain and hire key target personnel; and the effects of any unknown liabilities. As a result of such risks, uncertainties and factors, Shutterstock's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. The forward-looking statements contained in this press release are made only as of this date and Shutterstock assumes no obligation to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.
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SOURCE Shutterstock, Inc.
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