D Dipasupil
Shutterstock (NYSE:SSTK) is acquiring celebrity news-focused agency Backgrid.
Terms of the transaction were not disclosed.
The New York-based company said that through the deal, Shutterstock will boost its archive with an additional 30 million plus images and videos across celebrity, red carpet and live events, and add over 1,400 contributors to its photographer network.
“As one of the world’s largest entertainment news agencies for newsrooms and media companies, our acquisition of Backgrid further elevates Shutterstock’s position as the premier provider of best-in-class entertainment and editorial content,” said Aimee Egan, chief enterprise officer at Shutterstock.
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