Shutterstock Aquires BigStockPhoto

Press release from Shutterstock, September 23, 2009 at 8 AM EST

Shutterstock Announces Acquisition of BigStockPhoto

Move signals Shutterstock’s expansion into the credit-based stock photo market

New York, September 23, 2009 – Shutterstock, the world’s largest subscription-based stock photo agency, announced that it has acquired BigStockPhoto, a leading credit-based stock photo agency, headquartered in Davis, California. Financial terms of the deal were not disclosed.

“BigStockPhoto is a leader in the stock photo industry, and an excellent fit for Shutterstock as we expand into the credit-based market,” said Jon Oringer, founder and CEO of Shutterstock.  “This addition will enable Shutterstock to better satisfy the diverse payment preferences of stock photo buyers worldwide.”

According to the deal, BigStockPhoto will remain a separate entity, and Shutterstock plans to grow the company’s global presence by investing heavily in marketing, infrastructure and user experience.

BigStockPhoto was founded in 2004 to provide an alternative to high-priced stock photography, and to create a marketplace for photographers to sell their work. In addition to its diverse library of 3.7 Million royalty-free photos and vectors, the agency has created a vibrant community of image buyers and submitters from around the world.

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Tyler Olson works as a microstock photographer who also runs the MicrostockGroup forum and blog. Being so closely involved in the microstock community as a submitter, forum moderator and blogger, Tyler is able to keep updated in the constantly changing microstock marketplace.
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Posted on September 23rd, 2009 in Microstock News | tags: , , ,