Shutterstock Editorial Launches Rights And Clearance Service

Rhea-AI Summary

Shutterstock, Inc. (NYSE: SSTK) has launched a new service called Rights and Clearance, aimed at assisting customers in obtaining third-party permissions for promotional use across various platforms. This service is part of Shutterstock's larger offering, which includes over 380 million assets, and provides a streamlined approach to content clearance and licensing. The Rights and Clearance service extends Shutterstock's Asset Assurance™, which launched in 2020, ensuring necessary indemnification for its users. This initiative aims to enhance customer confidence and operational efficiency in creative endeavors.

Positive

• Launch of Rights and Clearance service enhances customer experience.
• Service connects users with experts for efficient content permissions.
• Expands upon previously launched Asset Assurance™ service, increasing value.

Negative

• None.

NEW YORK, Aug. 26, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced the launch of Rights and Clearance, a dedicated service for Shutterstock's global customer base that obtains third party permissions across the entire portfolio of assets for promotional use in advertisements, social campaigns, marketing materials and more, enabling our customers to create with confidence.

Shutterstock's Rights and Clearance service connects Shutterstock's customers with a team of global experts for seamless and efficient content clearing and permissions across an array of promotional uses. Shutterstock's comprehensive library of over 380 million assets across photo, video, music and 3D is an unparalleled offering of premium content, including exclusive collections, such as the Condé Nast Collection, the LIFE Picture Collection, and the A+E Networks® Archive.

Shutterstock's Rights and Clearance is an extension of Asset Assurance™, a service launched in 2020 for licensing editorial images and footage for commercial and creative campaigns. In addition to securing a commercial license to use editorial content for campaigns, Asset Assurance™ guarantees the necessary indemnification, protecting customers from potential model or property claims.

"Rights and Clearance is an immensely valuable service, leveraging the experience of best-in-class commercial licensing professionals to clear multiple subjects: from iconic personalities, historical events and archival photos and footage, to sports, entertainment and celebrity content," said Corky Balch, Senior Director of Rights and Clearance at Shutterstock. "At Shutterstock, we will be offering a personalized, white glove service to our customers that's fast, efficient and all-inclusive, so that creators can focus on what they do best -- creating."

For more information about Rights and Clearances, visit https://www.shutterstock.com/business/editorial-rights-and-clearance.

ABOUT SHUTTERSTOCK

Shutterstock, Inc. (NYSE: SSTK), is a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies. Directly and through its group subsidiaries, Shutterstock's comprehensive collection includes high-quality licensed photographs, vectors, illustrations, videos, 3D models and music. Working with its growing community of over 1.8 million contributors, Shutterstock adds hundreds of thousands of images each week, and currently has more than 380 million images and more than 22 million video clips available.

Headquartered in New York City, Shutterstock has offices around the world and customers in more than 150 countries. The Company also owns Offset, a high-end image collection; Shutterstock Studios, an end-to-end custom creative shop; PremiumBeat, a curated royalty-free music library; Shutterstock Editorial, a premier source of editorial images and videos for the world's media; TurboSquid, a leading 3D content marketplace; Amper Music, an AI-driven music platform; and Bigstock, a value-oriented stock media offering.

For more information, please visit www.shutterstock.com and follow Shutterstock on Twitter and on Facebook.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shutterstock-editorial-launches-rights-and-clearance-service-301363076.html

SOURCE Shutterstock, Inc.

FAQ

What is the new service launched by Shutterstock?

Shutterstock has launched the Rights and Clearance service for obtaining third-party permissions for promotional use.

How does the Rights and Clearance service benefit Shutterstock customers?

The service helps customers clear content permissions more efficiently and confidently for various promotional materials.

What is the significance of the Asset Assurance™ service related to Rights and Clearance?

Rights and Clearance extends the Asset Assurance™ service, which ensures indemnification for customers using editorial content.

What kind of assets does Shutterstock offer?

Shutterstock offers over 380 million assets, including photos, videos, music, and 3D models.

How does the Rights and Clearance service impact Shutterstock's stock SSTK?

While the exact impact on stock performance isn't specified, the launch of new services typically aims to enhance customer engagement, potentially supporting stock price.