![]() A key element of Shutterstock's strategy and vision is providing a suite of solutions for the entire creative journey, regardless of experience or expertise level," said Stan Pavlovsky, Chief Executive Officer at Shutterstock. "Content is at the core of Shutterstock's offering, and selecting an asset is just one step of the creative process. This acquisition builds upon Shutterstock's strategy to expand its offering to small businesses, by providing additional tools to non-professionals for elevating their visual content across a variety of platforms. While some professional design applications require formal training, the integration of PicMonkey into Shutterstock will further empower our customers, regardless of their skill level or expertise, to create beautiful, best-in-class content with efficiency and ease in just a few clicks.įounded in 2012, PicMonkey allows creators to access thousands of templates, graphics and fonts, with tips and tutorials for producing sophisticated visual designs with an editorial look and feel for a diverse array of channels. ![]() Whether it's a future business owner using a presentation to effectively pitch their concept, or a large marketing team creating a campaign that makes people sit up and take notice, there is a pervasive need among non-designers to create compelling, professional content seamlessly. At Shutterstock, democratizing creativity and empowering the creation of professional content by anyone, regardless of design experience, has always been at the heart of the company's vision. Visual content is the cornerstone of brand storytelling. 7, 2021 /PRNewswire/ - Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, today announced the acquisition of PicMonkey, a leading online graphic design and image editing platform that enables creators of any skill level to design high-quality visual assets - from presentations, advertisements and logos, to business cards and banners - for an array of use cases, including digital marketing, advertising, and social media posts. We may earn/receive a small percentage of sales(Commission) from affiliate links. What are your thoughts on this acquisition by Shutterstock? Leave your thoughts below.ī participates in affiliate programs to help cover operating expenses. It would however be better if they kept these platforms with Shutterstock being the primary option. My take on this change: That is pretty significant change but Shutterstock isn’t running a non-profit so it is an understandable change. If you have any more questions about how this affects the platform, check out the Everything to Know About PicMonkey + Shutterstock FAQ. If you have Unsplash images in Hub, these images have always been unwatermarked and royalty-free, so you may continue to use them in your projects. That’s right, Shutterstock’s enormous library of royalty-free stock photos will replace Unsplash & iStock by Getty images, effective September 14, 2021.Īfter September 14, Unsplash images will no longer be available in PicMonkey. The PicMonkey platform will remain the same for the most part but the existing stock photography options will be swapped. How will this affect the PicMonkey Platform? A key element of Shutterstock’s strategy and vision is providing a suite of solutions for the entire creative journey, regardless of experience or expertise level,” SAID STAN PAVLOVSKY, CHIEF EXECUTIVE OFFICER AT SHUTTERSTOCK. “Content is at the core of Shutterstock’s offering, and selecting an asset is just one step of the creative process. PicMonkey is expected to contribute approximately 3% to Shutterstock’s annual revenues and to add more than 200,000 new subscribers. ![]() The market for creative software and design tools is a growing market with over $8 billion in opportunities. The platform not only supplements Shutterstock with easy to use image and video design tools but expands its audience reach. The acquisition of PicMonkey, an Online Image and Design platform is, therefore, a perfect complementary acquisition for Shutterstock. 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. Shutterstock is known for their comprehensive stock library of high-quality licensed photographs, vectors, illustrations, videos, 3D models and music. ![]() The platform can thus be used in cases such as digital marketing, advertising, and social media posts. The PicMoney platform gives creators the ability to make presentations, advertisements and logos, to business cards and banners.
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