Big news from Shutterstock HQ. Last May we launched Shutterstock Music, and today we’re announcing the acquisition of PremiumBeat, a royalty-free music service with over 15,000 curated tracks from leading composers around the world.
Based in Montreal, PremiumBeat provides exclusive, high-quality tracks and sound effects for use in videos, films, television, and other creative projects. Like Shutterstock, they work with some of the world’s best businesses, including leading advertising and media agencies and Fortune 500 companies.
“We are excited to add such a complementary business in PremiumBeat, with a fast-growing customer base and an extraordinary collection,” said Jon Oringer, founder and CEO of Shutterstock. “We understand the intersection between music and video and believe that music licensing will benefit from the same strong market demand we are capitalizing on in video.”