Shutterstock completed its previously announced acquisition of Envato, a leader in digital creative assets and templates.
Complements Shutterstock’s existing offering with Envato Elements, a leading unlimited multi-asset subscription offering
Expands Shutterstock’s reach within faster growing audiences such as freelancers, hobbyists, small businesses and agencies
Adds 650k subscribers, more than doubling Shutterstock’s subscriber base to 1.15 million. Increases Shutterstock’s Content revenue from video, audio, graphics, fonts and templates.
Bolsters Shutterstock’s content library with 10 million images, 6 million videos, 1 million audio clips, 0.5 million templates and 0.2 million graphics & fonts. Further diversifies Shutterstock into new content types including code & web themes, product mock-ups, fonts and templates (e.g. Slides, PowerPoint, Keynote, WordPress, video, designs for social posts, gaming, podcasts and print-on-demand).
Deal completion coincides with the launch of Envato’s new visual brand identity, currently in a phased rollout across the site, which marks a significant milestone in the company’s evolution and commitment to creatives
