Shutterstock plans to acquire Giphy from Meta Platforms for $53 million. The announcement comes seven months after Meta said it would sell Giphy, which it bought for $315 million in 2020 following an order from the United Kingdom’s Competition and Markets Authority (CMA). Shutterstock has entered into a definitive agreement to acquire Giphy, and the transaction is expected...
Photographers and other creative professionals find aggregators to be extremely efficient at distributing their work, but extremely inefficient when it comes to paying them royalties when their works are used. In the latest Disbursements Tracker, Paul Brennan, vice president of content operations for Shutterstock, discusses...
More than 90 percent of U.S. consumers now prefer to receive digital payments over paper checks. Cash and checks persist as the disbursement methods for many companies, however, despite the growing preference for online payments. These outdated methods cause frictions, both in delaying the payout...
Before Benji Lanyado founded photography marketplace Picfair, he was a journalist covering the travel beat for a “publication whose name you would know” facing an ongoing problem. The images he had to choose from for supporting his stories weren’t very good. Not in a technical sense — they...
October 03, 2018
Before Benji Lanyado founded photography marketplace Picfair, he was a journalist covering the travel beat for a “publication whose name you would know” facing an ongoing problem. The images he had to choose from for supporting his stories weren’t very good. Not in a technical sense — they were well-composed, well-shot images. However, in Lanyado’s view, they lacked […]
July 11, 2023
Shutterstock and OpenAI have agreed to stick together for another six years. The expanded partnership, announced Tuesday (July 11), will help Shutterstock “solidify its position as a leading provider of high-quality training data for OpenAI models,” the stock image, video and music provider said in a news release. With the new collaboration, OpenAI — creator of the artificial intelligence […]
May 23, 2023
Shutterstock plans to acquire Giphy from Meta Platforms for $53 million. The announcement comes seven months after Meta said it would sell Giphy, which it bought for $315 million in 2020 following an order from the United Kingdom’s Competition and...
