Shutterstock's Library Hits 5 Million Images - the Fastest Growing Collection in the Online Stock Photo Industry
World's largest subscription-based online photo agency continues to thrive, adding over 70,000 high quality images per week
New York, November 3, 2008 - Shutterstock®, the world's largest subscription-based online stock photo agency, today announced the landmark addition of its 5 millionth image to the company's extensive collection of premium stock photos. Thanks to its popular subscription-based model, speedy review process, and consistent stream of quality submissions, Shutterstock continues to hit new industry growth milestones while maintaining high standards of image quality. "Since January, we have added over 2 million new royalty-free images to our library, and our weekly library growth rate has recently reached more than 70,000 new images per week," said Jon Oringer, founder and CEO of Shutterstock. "We are extremely proud to reach the 5 million image mark, especially while maintaining our stringent standards for accepting new images. We are certainly grateful to our global base of more than 120,000 talented submitters who provide our subscribers with a steady pipeline of great creative content." Shutterstock's diverse library provides a wealth of fresh creative and editorial content, rivaling traditional stock photography agencies, yet at far lower prices. This has allowed the company to flourish despite the current worldwide economic downturn. "As media companies and creative firms look for ways to save money, more and more decision makers are choosing Shutterstock to provide high quality stock images at significant savings," said Adam Riggs, president of Shutterstock. "Since launching Shutterstock, we have remained committed to providing the best content at affordable prices. That's why we're confident that we will continue to meet the demands of today's marketplace."
About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK), directly and through its group subsidiaries, is a leading global provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world. Working with its growing community of over 160,000 contributors, Shutterstock adds hundreds of thousands of images each week, and currently has more than 100 million images and more than 5 million video clips available.
Headquartered in New York City, with offices in Amsterdam, Berlin, Chicago, Dallas, Denver, London, Los Angeles, Montreal, Paris, San Francisco, and Silicon Valley, Shutterstock has customers in more than 150 countries. The company also owns Bigstock, a value-oriented stock media agency; Offset, a high-end image collection; PremiumBeat a curated royalty-free music library; Rex Features, a premier source of editorial images for the world's media; and WebDAM, a cloud-based digital asset management service for businesses.
Siobhan Aalders and Niamh Hughes