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Agency Based Discussion => Shutterstock.com => Topic started by: Jo Ann Snover on March 07, 2014, 21:08

Title: Bloomberg TV interview "Shutterstock Brings Stock Photography Into Focus"
Post by: Jo Ann Snover on March 07, 2014, 21:08

This is a 6 minute interview from Feb 26th from Bloomberg's Market Makers series

http://www.bloomberg.com/video/shutterstock-brings-stock-photography-into-focus-0UVtjzz9RCWOG20D0WDU3w.html (http://www.bloomberg.com/video/shutterstock-brings-stock-photography-into-focus-0UVtjzz9RCWOG20D0WDU3w.html)

I hadn't seen this before (found a link from Yahoo Finance (http://finance.yahoo.com/q;_ylt=ArVHBzmDcxzyNhIhZhlfvquiuYdG;_ylu=X3oDMTBxdGVyNzJxBHNlYwNVSCAzIERlc2t0b3AgU2VhcmNoIDEx;_ylg=X3oDMTByaDM4cG9kBGxhbmcDZW4tVVMEcHQDMgR0ZXN0AzUxMjAxMw--;_ylv=3?uhb=uhb2&fr=uh3_finance_vert_gs&type=2button&s=sstk))

Although the two interviewers kept interrupting Jon Oringer, they did ask some decent follow up questions - such as about what Shutterstock's success had done for photographer income - along with the expected.

The questions about whether Shutterstock had gone to the cloud sounded a bit formulaic - as if they know that's a new thing so they ask everyone what they're doing with the cloud - but after a brief waffle (I think perhaps Oringer wasn't expecting it as it really didn't make a ton of sense as asked) he fielded it with a reasonable answer. I'm guessing today WebDAM would be the answer but that didn't get announced until March 3rd

Title: Re: Bloomberg TV interview "Shutterstock Brings Stock Photography Into Focus"
Post by: Jo Ann Snover on March 07, 2014, 22:00

And someone tweeted a link to this video, shot on the same day as the one above, where Jon Oringer was being interviewed about the high valuations of tech companies

http://www.bloomberg.com/video/can-tech-monetization-catch-up-with-valuation-4rLmXcJ5QRK_AWWRDcxNig.html (http://www.bloomberg.com/video/can-tech-monetization-catch-up-with-valuation-4rLmXcJ5QRK_AWWRDcxNig.html)

A lot of the initial discussion was about What's App and whether it was worth $19B, but there were questions about SS as well. Jon said he'd had both private equity companies and competitors try to buy the company along the way but he wasn't interested in selling. He also mentioned that they had just hired some people in Denver - he said they had offices in San Francisco and Berlin as well. Here's a picture of the Denver office (https://twitter.com/wyatt_earp_/status/430427197543682048)

I knew they were growing, but hadn't realized just how much was going on outside New York (http://www.shutterstock.com/jobs.mhtml?nl=1&jvi=oYxrYfwE,Job&jvs=Indeed&jvk=Job).

Title: Re: Bloomberg TV interview "Shutterstock Brings Stock Photography Into Focus"
Post by: Petr Toman on March 08, 2014, 03:07

Thanks for the links.

You can also see how much is going on outside New York from their careers page : http://www.shutterstock.com/jobs.mhtml (http://www.shutterstock.com/jobs.mhtml)

Title: Re: Bloomberg TV interview "Shutterstock Brings Stock Photography Into Focus"
Post by: Sri on March 08, 2014, 03:40

interesting. Thanks for the link.

Title: Re: Bloomberg TV interview "Shutterstock Brings Stock Photography Into Focus"
Post by: w7lwi on March 08, 2014, 20:34

I trust that's not a reviewer in the foreground working on a laptop.    ;D