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Envato / Re: Envato acquired by Shutterstock

« Last post by Jo Ann Snover on Today at 10:33 »

I may have missed some (I did a google search for "shutterstock acquires") but here are Shutterstock's purchases over the years. They haven't acquired Envato yet (Q3 this year according to the press release). SS sold WebDAM Feb 16, 2018

Feb 1, 2024 - Shutterstock Acquires Backgrid Celebrity News Network

May 24, 2023 - Shutterstock acquires Giphy

May 11, 2022 — Shutterstock Acquires Pond5 for $210 Million

May 31, 2022 — SHUTTERSTOCK ACQUIRES SPLASH NEWS

Sep 10, 2021 — Shutterstock Acquires PicMonkey

Jul 27, 2021 - Shutterstock acquires Pattern89, Datasine, and Shotzr

Jan 26, 2021 - Shutterstock acquires the 3D model company TurboSquid

Nov 11, 2020 - Shutterstock acquires AI-driven music platform Amper Music.

Jun 28, 2017 - Shutterstock acquires Flashstock Technology

Sep 6, 2016 - Shutterstock Acquires Iconic Imagery from The Kobal Collection and The Art Archive

Jan 15, 2015 - Shutterstock Acquires Rex Features And PremiumBeat,

Mar 3, 2014 - Shutterstock Acquires Digital Asset Management Service WebDAM

Sep 23, 2009 - Shutterstock Announces Acquisition of BigStockPhoto

Adobe Stock / Re: Custom License as low as $0.29 now?

« Last post by bpawesome on Today at 09:36 »

this is horrible to watch

Envato / Re: Envato acquired by Shutterstock

« Last post by Newsfocus1 on Today at 09:26 »

More information published on Photo Archive News. Seems the Envato purchase was $245 million.
https://photoarchivenews.com/news/creative-assets-platform-envato-acquired-by-shutterstock-245-million-cash/

Envato / Re: Envato acquired by Shutterstock

« Last post by cobalt on Today at 08:19 »

That report is blatantly honest - failure to grow the stock business.

Compare with Adobe is enjoying stable growth, no drama, great support, free photoshop/ creative suite for producers, great producer support team.

producers are customers, the old Shutterstock team knew that having thousands of graphic designers who are happy and keep recommending you, is a huge plus.

Would it not have been a lot cheaper, to keep the forums open, to keep a support team going and to keep growing organically instead of wasting money on buying pond5 and envato?

How many years will it take for those investments to pay themselves??

eta:

they spent 240 million on pond5, lets say another 150mio for envato, so there could be around 400mio in aquisition costs.

And so far their deal with pond5 did not bring them any growth, inspite of owning it for 3 years, they are losing customers.

Imagine they had just kept Shutterstock the way it was, used those 400mio to focus on organic growth and add their ai project...where would they be now?

Envato / Re: Envato acquired by Shutterstock

« Last post by cobalt on Today at 08:14 »

Agree, their solution to "growing the stock photo business" is to buy other companies, because they don't seem to have any ideas how to create real organic growth by themselves.

It is not a bad decision, they consolidate more of the global stock pie for themselves.

Will be interesting to see what they do with the place. Envato is a much smaller company with a smaller library.

Perhaps they will bring in a flood of Shutterstock content. If they do, how will their producers react to having files on an unlimited site?

I have content on envato and I am fine with my results. Will keep adding more content when I start doing normal photos again.

But if a Shutterstock stock flood is coming in, the volume of sales might go down because of the new competition.

We will see.

I don't think this is a major disturbance in the stock force and actually will make Adobe stand out even more with their organic growth and better sales.

Shutterstock.com / Re: Shutterstock is an embarassment

« Last post by Doug Jensen on Today at 08:03 »

Quote from: Faustvasea on Today at 05:10

ut I have very small port of 800 clips. Obviously I won’t compete with people that has 10k+, and being longer on the market.

The size of another contributor's account does not give them an advantage. Every clip has to stand on its own merits. In other words, if I have 10,000 clips and you have 800, but we both have two clips that are very similar, mine does not have an advantage just because my portfolio is bigger than yours. There is no reason not to submit good content that meets the needs of buyers.

General Stock Discussion / Re: Other exciding news Envanto acquired by Shutterstock

« Last post by Injustice for all on Today at 07:50 »

more AI data training material?raise investor morale?

I can't think of any other reasons.

anyway a good shot for SS,to lift spirits temporarily.

I don't think it makes much difference for the contributors,are ships that are sinking anyway.

Envato / Re: Envato acquired by Shutterstock

« Last post by Jo Ann Snover on Today at 07:49 »

When you can't grow your core business, acquire another company

SS announced their Q1 2024 earnings this morning and most of the numbers were lower than Q1 2023. The stock was higher (market hasn't oopened yet) I think because they beat analyst estimates, not so much because anything was really good.

Look at their presentation on why acquiring Envato is good for SS

https://investor.shutterstock.com/static-files/2ec3aa7b-1877-45b1-9be6-3fa663cc64b2

If you look at the chart where they brag it will more than double subscriber numbers, they show it's currently 499k (end of Q1 2024). At the end of 2022 it was 586k. It's more like plugging the hole and trying to avoid further drops...

https://investor.shutterstock.com/news-releases/news-release-details/shutterstock-reports-first-quarter-2024-financial-results

https://www.prnewswire.com/news-releases/shutterstock-enters-into-definitive-agreement-to-acquire-envato-featuring-envato-elements-the-unlimited-creative-content-subscription-302134019.html

Look at the paid download numbers - down to 35m from 42.7m in Q1 2023, and subscriber revenue down from $90.6m to $83.9m

Envato / Re: Envato acquired by Shutterstock

« Last post by cloudvisual on Today at 06:54 »

Surely by this point it's becoming a monopoly...

Envato / Re: Envato acquired by Shutterstock

« Last post by synthetick on Today at 06:41 »

Hahaha! That phrase "exciting news"! How many times have we seen that now?! It always means the opposite.

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