Shutterstock Acquires Splash Celebrity News Agency
Shutterstock has acquired paparazzi content agency Splash News, which adds 27 million editorial images to the archive, throwing down the gauntlet to the Getty Images editorial newsroom. Shutterstock is amidst an aggressive corporate strategy to secure growth through acquisitions, having now bought popular video stock agency Pond5, 3D content marketplace TurboSquid, online graphics editor PicMonkey, and others. The three acquisitions total more than US$405 million.
Shutterstock, the leading global creative platform for transformative brands and media companies, recently announced the acquisition of Splash News, one of the world’s leading entertainment news networks for newsrooms and media companies. A leading source for image and video content across celebrity, red carpet, and live events for over three decades, Splash News is an industry leader with customers including E! News, People, Daily Mail, TMZ, Dow Jones, Reach, and News UK. Splash’s comprehensive collection includes an archive of over 27 million images and a contributor network of more than 4,000 photographers.
The acquisition solidifies Shutterstock Editorial’s Newsroom offering, including an archive of over 30 million images and a live feed of 40,000 images uploaded daily from a network of over 4,000 photographers. This is combined with The Vault, Shutterstock’s archive of over 60 million photo and video assets, making it one of the largest archival collections in the world.
Splash’s vast collection provides a chronicle of some of the most iconic moments from the last three decades, from images of George Clooney and Amal Alamuddin’s 2014 wedding in Venice to photographs of “Bennifer” from when they dated in 2002. Combined with The Vault, Shutterstock’s archival collection with 60 million+ photos and videos transforms Shutterstock into one of the world’s largest editorial archive libraries. By acquiring Splash News, the agency continues on its path to dominating the Editorial stock media industry.
Why Splash News?
While the transaction details were not disclosed at this time, it is not surprising that Shutterstock took an interest in owning this editorial imagery provider. Splash News has been in business since 1990 and amassed a strong reputation within the entertainment industry, becoming an image source for top-level news and entertainment outlets such as E! News, People, Daily Mail, TMZ, Dow Jones, Reach, and News UK.
Their large library with over 27 million pictures includes iconic entertainment moments such as George and Amal Clooney’s Italian wedding in 2014 and Ben Affleck and Jennifer Lopez’s red carpet appearances as a couple during their first relationship in 2002. Over the three decades they’ve been operating, they established a network of over 4,000 contributors that submit 20,000+ new images daily.
These contributors will now get their work showcased on the Shutterstock Editorial catalog, and Shutterstock customers can license Splash News content directly on the platform.
More in Business
Money Tips From Professional Athletes Dexter Fowler And Isaiah Thomas’s Financial Advisor
It’s not every day that a professional athlete’s financial advisor is kind enough to share tips about all things money. So,...September 25, 2022
An Exit Strategy Is As Important As A Business Plan – Yet Few Entrepreneurs Talk About It
If you are a newbie entrepreneur and have an effective business plan in place, you also need to put an exit...September 19, 2022
Advantages Of Being An Older Entrepreneur
One thing that you need to remember is that you are never too old for anything! This means it is never...September 19, 2022
How Do Ultra-Rich People Spend Their Money?
Karoline Knowles is a top-class sociologist who is interested in millionaires. Do not get it wrong, she is not a gold...September 14, 2022
The Richest Footballers Right Now
There are a lot of perks in the athletic field of work: you get to stay physically fit, you are famous...September 14, 2022
Is This The Right Time To Invest In Dynamic Bond Funds?
Investing your money into a reliable portfolio is one of the safest ways to double your wealth. One of the investment portfolios...September 4, 2022
Here Are 5 Mistakes That Young People Make When Investing
The COVID-19 Pandemic served as a wake-up call for people to understand the significance of financial safety, investments, and savings, which...September 4, 2022
Tips For Aspiring Entrepreneurs Starting A New Business
Kickstarting into your own business can be both challenging and exhilarating. Flourishing and expanding a startup require hardwood, dedication, and resilience,...September 4, 2022
Women’s Soccer World Cup 2026 Is All Set To Bridge Borders Between The U.S. & Mexico
As we approach the 2026 women’s soccer world cup, every single one of us can be equally excited about the mega...August 29, 2022