Shutterstock Editorial announces multiyear U.S. distribution deal with AP
NEW YORK — Shutterstock, Inc. (NYSE:SSTK), a leading global provider of imagery and music, today announced it has agreed to terms with The Associated Press (AP) to distribute AP's daily global photo and packaged video output for license to customers based in the United States. This milestone, three-year deal will also give U.S. Shutterstock editorial customers access to over 30 million photos and nearly 2 million video clips from, respectively, AP Images and AP Archive.
AP, one of the pre-eminent news agencies in the world, delivers up-to-the-minute news, sports and entertainment worldwide, including coverage from every statehouse in the United States, to all media platforms and formats. Every day AP produces approximately 3,000 images and video clips. This wide array of photos and videos will be available on the Shutterstock Premier platform, along with approximately 100 ready-to-air packages called Consumer Ready Videos, which are produced by AP staff from raw footage captured at news events.
"This marks a major step forward for Shutterstock's editorial offering, providing trusted coverage of news events around the world to our Premier customers in the United States," said Jon Oringer, founder and CEO of Shutterstock. "We are proud that an organization built on a single-minded focus to newsgathering and the highest standards of objective, accurate journalism is trusting its content to be licensed on our platform and making it available to our customers in the U.S."
"With this relationship, AP gets the benefits of adding Shutterstock’s sales and marketing reach into the U.S. segments that AP has not traditionally served," said David Gwizdowski, AP senior vice president of revenue, Americas. "AP's worldwide prominence in news content and Shutterstock's strength in technology and visual content discovery makes us a formidable player in the market."
Shutterstock currently expects images from AP to go live to Shutterstock enterprise customers in the U.S. in April, 2016, and footage to be made available later in the year. All images and footage will be licensed under editorial use.