The terms of the acquisition were not disclosed.
Jon Oringer, founder and CEO of Shutterstock, said the expansion into the credit-based market will enable the company to “better satisfy the diverse payment preferences of stock photo buyers worldwide”. BigStockPhoto, founded in 2004, will remain a separate entity and Shutterstock (which operates based on subscriptions) plans to grow the company’s global presence by investing in marketing, infrastructure and user experience.
BigStockPhoto says it boasts a library of 3.7 million royalty-free photos and vectors in total, as well as a “vibrant community of image buyers and submitters” from across the globe.
And thus the consolidation of the online stock photography sector continues.
Who will be next?