Shutterstock Completes Acquisition Of Envato

 


Shutterstock, Inc., a prominent global creative platform that provides top-notch creative content for innovative brands, digital media, and marketing firms, has successfully finalized its acquisition of Envato Pty Ltd., a leading provider of digital creative assets and templates.


Key Points:


- Enhances Shutterstock's current offerings with Envato Elements, a premier unlimited multi-asset subscription service

- Broadens Shutterstock's market presence among rapidly expanding demographics like freelancers, hobbyists, small enterprises, and agencies

- Introduces 650k new subscribers, effectively doubling Shutterstock's subscriber count to 1.15 million

- Boosts Shutterstock's Content revenue through video, audio, graphics, fonts, and templates

- Strengthens Shutterstock's content repository with 10 million images, 6 million videos, 1 million audio clips, 0.5 million templates, and 0.2 million graphics & fonts

- Expands Shutterstock's portfolio into new content categories such as 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)

- The finalization of the deal aligns with the introduction of Envato's fresh visual brand identity, currently being gradually implemented across the platform, signifying a significant milestone in the company's growth and dedication to creative professionals.


More Information : https://www.techdogs.com/tech-news/pr-newswire/shutterstock-completes-acquisition-of-envato

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