Shutterstock Expands Focus on Editorial and Music through Two Acquisitions

Shutterstock Expands Focus on Editorial and Music through Two Acquisitions

Shutterstock, Inc., a leading global provider of commercial digital imagery and music, has entered into a definitive agreement to acquire Rex Features, the largest independently owned photographic press agency in Europe.

Rex Features

  • Rex offers media companies and advertisers images and videos that capture the world around us, including a live feed of tightly edited celebrity, entertainment, sports and news images and videos, along with access to a multi-decade archive of iconic images.
  • With offices in London and Los Angeles, Rex serves thousands of customers, including many of the world’s leading magazines, websites, newspapers, agencies, and broadcasters.

“The acquisition of Rex Features marks our substantive entry into editorial imagery — a new market for Shutterstock with significant potential and many opportunities to better serve global media companies,” said Jon Oringer, Shutterstock founder and CEO.

With Rex’s editorial expertise and Shutterstock’s technical prowess, the combined companies plan to bring a comprehensive offering to market across both editorial and commercial content.

Rex
Rex

About Rex Features

As one of the world’s leading independent photographic press agencies and picture libraries, Rex Features has an international reputation as a premier source of images and features for the world’s media – be it personalities, news and features, sport, travel, business, animal, humour, lifestyle, fashion, music, historical or creative stock images.

Every day Rex Features gathers many thousands of new images from all around the world and supplies them to professional clients in all media sectors.

PremiumBeat

  • PremiumBeat is a leading provider of exclusive, high-quality music and sound effects for use in videos, films, television, apps, games, and other creative projects.
  • Music from PremiumBeat has been used by top companies like Apple, BMW, H2O Wireless, and Molson Canadian. It was also featured in the trailer for Mongrel Media’s Watermark.
  • Earlier this year Shutterstock set out to make licensable music accessible to any business with the launch of Shutterstock Music; the acquisition of PremiumBeat will help to accelerate this mission.  

 “We are excited to add such a complementary business in PremiumBeat, with a fast-growing customer base and an extraordinary collection,” said Jon Oringer, founder and CEO of Shutterstock.  “We understand the intersection between music and video and believe that music licensing will benefit from the same, strong market demand we are capitalizing on with video.”

Jon Oringer, co-Founder and CEO of Shutterstock is available for interview, as well as Larry Lawson, Managing Director of Rex Features and Francois Arbor, co-founder and CEO of PremiumBeat.

 

 

About Shutterstock

Founded in 2003 Shutterstock is a global marketplace for imagery, a leading provider of digital imagery licensing operating in more than 150 countries and 20 languages. Shutterstock mantains a library of over 40 million royalty-free stock photos, vector graphics and illustrations, they add 40,000 new images on a daily basis.