NEW YORK, Nov. 11, 2020 /PRNewswire/ -- Shutterstock,
Inc. (NYSE: SSTK), a leading global technology company offering a
creative platform for high-quality content, tools and services,
today announced the acquisition of certain assets from Amper Music. Amper
Music is a leading AI-driven music platform which enables
users to create and customize original music by leveraging over one
million individual audio samples recorded by musicians on thousands
of unique instruments.
Shutterstock's acquisition of Amper strengthens its capabilities
in artificial intelligence, particularly in content search and
discovery of tracks composed by Shutterstock's community of artists
as well as editing tools for Shutterstock users. As part of the
transaction, Amper's employees will join the Shutterstock team and
will bolster Shutterstock's focus on enhancing customer experience
through new AI-supported functionalities and tools.
"We're delighted to welcome the Amper team to Shutterstock,"
said Stan Pavlovsky, CEO,
Shutterstock. "We're deeply focused on finding ways to deliver
differentiated customer experiences via innovation in our product
& services offering. The infusion of Amper's technology and
talent augments our efforts on this front."
Amper's Chief Executive Officer Drew
Silverstein added, "We're excited to be acquired by
Shutterstock as this partnership will bring Amper's Creative AI to
Shutterstock's global customer base and represents a great
advancement in enabling anyone to express their creativity through
music, regardless of their financial resources or technical and
artistic expertise."
The acquisition of Amper further solidifies Shutterstock's
position as a creative platform providing innovative solutions to
its customers. Paired with Shutterstock's global community of music
composers, Amper's AI technology will provide Shutterstock users
acceleration to their content creation workflow through a better
music discovery experience and enhanced editing capabilities. In
addition, the acquisition will augment Shutterstock's R&D
efforts to bring valuable new innovations that enable faster and
simpler content production for prosumers, businesses and
professional content creators.
Terms of the transaction were not disclosed.
About Shutterstock
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 1 million contributors, Shutterstock adds
hundreds of thousands of images each week, and currently has more
than 350 million images and more than 20 million video clips
available.
Headquartered in New York City,
Shutterstock has offices around the world and customers in more
than 150 countries. The company's brands also include Bigstock, a
value-oriented stock media offering; Shutterstock Custom, a custom
content creation platform; Offset, a high-end image collection;
PremiumBeat, a curated royalty-free music library; and Shutterstock
Editorial, a premier source of editorial images and videos for the
world's media.
For more information, please visit www.shutterstock.com and
follow Shutterstock on Twitter and on Facebook.
About Amper
Amper builds tools powered by Creative AI
to help teams create original music. From video to gaming and other
interactive technologies, Amper's web app and API empower content
creators, artists, and musicians to effortlessly craft and
customize original music for any and all media content. Using a
proprietary sample library including thousands of unique
instruments and an expansive dataset of musical composition
algorithms, Amper's technology is built with an emphasis on
offering high-quality music through the fusion of music theory and
AI innovation. For more information, please visit
www.ampermusic.com.
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SOURCE Shutterstock, Inc.