Introducing Shutterstock® Footage - A Stock Video Resource from Shutterstock®
Revolutionizing the Category, Subscription-based Stock Photography Provider is the First to Extend its Offerings to Video
New York--February 9th, 2006 --
Shutterstock®, the largest subscription-based stock photo agency in the world, is pleased to announce the launch of Shutterstock® Footage, a new resource for stock video. The first among its competitors to expand into royalty-free video content, Shutterstock® Footage - online at http://footage.shutterstock.com - is now accepting submissions, and will be ready to serve customers in the spring of 2006.
The introduction of video capabilities is the latest in a series of milestones for Shutterstock®. The past year has been marked by extraordinary growth for the company, a phenomenon that made Shutterstock. whose photo library now numbers close to 570,000 images - the largest subscription-based stock photo agency in the world in January of this year.
"We are thrilled to be branching into video," said Jon Oringer, Shutterstock's founder and CEO. "Shutterstock was founded to fill a gap in the stock photography market, and we see the same need among creative professionals working in video. People need premium quality footage that's easy to download, and affordable to use; Shutterstock Footage will provide just that."
Shutterstock Footage will offer a wide variety of royalty-free material, categorized by subject and searchable by keyword. Video clips will be up to one minute in length, and will range in price from to per clip, depending on resolution and quality. Once a video clip has been purchased, the customer can use the footage royalty-free, forever.
Much like Shutterstock, which relies on over 20,000 photographers from around the world to generate their cutting-edge photo library, Shutterstock Footage® is seeking top-quality submissions from videographers. All submitted footage will be evaluated by expert screeners, subject to strict criteria including resolution, quality, and subject matter. Footage that makes the cut will be posted to the site, becoming part of the video library. When customers download a given video clip, the videographer will earn a 30% commission on the sale price.
Shutterstock Footage. is now accepting submissions. Submission guidelines are as follows:
Length: one minute maximum
Resolution: standard resolution, 640 x 480 pixels, or higher
Format: QuickTime, WMV, MPG, DV, HDDV, AVI
Submitters are encouraged to visit http://footage.shutterstock.com to learn more about how to submit footage to the site.
"We are constantly impressed by the caliber of photographs we receive at Shutterstock and we expect no less for the video submissions to Shutterstock Footage," said Oringer. "We look forward to building strong, mutually-beneficial relationships with talented videographers - and to growing Shutterstock Footage together."
Shutterstock Footage is now live at http://footage.shutterstock.com and is accepting video submissions. Sales capabilities will launch in early spring 2006.
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