NEW YORK, Oct. 26, 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 launch of two new applications for
Enterprise: Catalog and Plan, Music
Match Tool, and a new eCommerce mixed-asset subscription,
FLEX 25 as part of its Quarterly Product Update. These new
product launches represent meaningful progress towards
Shutterstock's three strategic pillars: workflow innovation, fresh
and relevant content, and data and insights to drive
performance.
Catalog and Plan applications form the
beginnings of Shutterstock's Creative Flow, a suite of
applications powered by creative insights designed to enhance
creativity, encourage collaboration and allow customers – from
small businesses to global enterprise – to create with
confidence.
The Catalog application allows Enterprise customers to
centralize access to content anytime, and anywhere. With
Catalog, customers can tag, organize, comment on and approve
content together, as well as share content across departments,
companies, and time zones.
The Plan application is a single content plan and
calendar for teams and clients to access, fostering real-time
collaboration. Plan enables quick-access to collections of
content, keeping teams organized, on the same page, and confident
in what they're creating.
In addition to workflow applications, Shutterstock continues to
invest in making it easier for customers to find the content they
need, faster. Enterprise customers searching for music for film and
media projects can now access Music Match Tool, an
AI-powered search feature that allows customers to find the perfect
song based on a song they already know. Searching for music can
take hours of interacting with text filters to find the sound a
creator imagines. With this new search feature, you can find the
right music for every project, in minutes.
Shutterstock also announced the launch of a new flexible
subscription for eCommerce customers, FLEX 25. Building on
the success of FLEX Premium launched in September 2021, and Shutterstock FLEX
announced in April 2021, FLEX
25 allows individual creators to source high-quality,
affordable imagery, video and music, in one comprehensive
subscription.
"With this Quarterly Product Update, the introduction of
Catalog, Plan, Music Match Tool and FLEX 25 is
part of Shutterstock's evolution as a true creative partner that
provides more than just content," said Stan Pavlovsky, Chief Executive Officer at
Shutterstock. "More than two thirds of Shutterstock's customers
use our content for marketing materials, and more than half of our
customers utilize our assets for social media and digital
advertising. Creating content has never been more important, and we
are making significant investments in workflow and insights to make
the creative process from start-to-finish accessible, and more
impactful."
For more information about Shutterstock,
visit shutterstock.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Examples of forward-looking statements include, but are not
limited to, statements regarding management's future business,
future results of operations or financial condition, including new
or planned features, products or services, management strategies,
Shutterstock's expectations regarding financial outlook and future
growth and profitability and statements regarding anticipated
improvements in operations. You can identify forward-looking
statements by words such as "may," "will," "would," "should,"
"could," "expect," "anticipate," "believe," "estimate," "intend,"
"plan," "opportunities" and other similar expressions. However, not
all forward-looking statements contain these words. Such
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors including risks related to any
changes to or the effects on liabilities, financial condition,
future capital expenditures, revenue, expenses, net income or loss,
synergies and future prospects; our inability to continue to
attract and retain customers and contributors to our online
marketplace for creative content; competitive factors; our
inability to innovate technologically or develop, market and offer
new products and services; costs related to litigation or
infringement claims, indemnification claims and the inability to
prevent misuse of our content; our inability to increase market
awareness of Shutterstock and our products and services; our
inability to effectively manage our growth; our inability to grow
at historic growth rates or at all; technological interruptions
that impair access to our websites; assertions by third parties of
infringement of intellectual property rights by Shutterstock, our
inability to effectively manage risks associated with operating
internationally; our exposure to foreign exchange rate risk; our
inability to address risks associated with sales to large corporate
customers; government regulation of the internet; increasing
regulation related to the handling of personal data; actions by
governments to restrict access to our products and services; our
inability to effectively expand our operations into new products,
services and technologies; our inability to protect the
confidential information of customers; increased tax liabilities
associated with our worldwide operations, including our exposure to
withholding, sales and transaction tax liabilities; the effect of
the Tax Cuts and Jobs Act of 2017; public health crises including
the COVID-19 pandemic; general economic and political conditions
worldwide, including disruption and volatility caused by COVID-19
and any resulting economic recession; our inability to successfully
integrate acquisitions and the associated technology and achieve
operational efficiencies; and other factors and risks discussed
under the caption "Risk Factors" in our most recent Annual Report
on Form 10-K, as well as in other documents that the Company may
file from time to time with the Securities and Exchange Commission.
As a result of such risks, uncertainties and factors,
Shutterstock's actual results may differ materially from any future
results, performance or achievements discussed in or implied by the
forward-looking statements contained herein. The forward-looking
statements contained in this press release are made only as of this
date and Shutterstock assumes no obligation to update the
information included in this press release or revise any
forward-looking statements, whether as a result of new information,
future developments or otherwise, except as required by law.
ABOUT SHUTTERSTOCK
Shutterstock, Inc. (NYSE: SSTK), is a leading global creative
platform offering full-service solutions, high-quality content, and
applications for brands, businesses and media companies. Directly
and through its group subsidiaries, Shutterstock's comprehensive
collection includes high-quality licensed photographs, vectors,
illustrations, videos, 3D models and music. Working with its
growing community of over 1.9 million contributors, Shutterstock
adds hundreds of thousands of images each week, and currently has
more than 390 million images and more than 23 million video clips
available.
Headquartered in New York City,
Shutterstock has offices around the world and customers in more
than 150 countries. The Company also owns PicMonkey, a leading
online graphic design and image editing platform; Offset, a
high-end image collection; Shutterstock Studios, an end-to-end
custom creative shop; PremiumBeat, a curated royalty-free music
library; Shutterstock Editorial, a premier source of editorial
images and videos for the world's media; TurboSquid, a leading 3D
content marketplace; Amper Music, an
AI-driven music platform; and Bigstock, a value-oriented stock
media offering.
For more information, please visit www.shutterstock.com and
follow Shutterstock on Twitter and on Facebook.
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SOURCE Shutterstock, Inc.