Shutterstock Acquires PremiumBeat, Rex Features

Commercial image and music provider Shutterstock upped its media libraries Thursday with acquisitions of PremiumBeat, a music and sound effects provider for videos, films, games and other creative projects, as well as Rex Features, Europe’s largest independent photo press agency.

The acquisition of PremiumBeat, at approximately $32 million in cash, comes on the heels of Shutterstock’s launch of its own stock music licensing service, Shutterstock Music. Rex Features, purchased for a reported $33 million, bolsters Shutterstock’s stock image library, especially with celebrity and entertainment imagery.

“We are excited to add such a complementary business in PremiumBeat, with a fast-growing customer base and an extraordinary collection,” said Jon Oringer, Shutterstock founder and CEO. “We understand the intersection between music and video and believe that music licensing will benefit from the same, strong market demand we are capitalizing on with video.”

Both businesses will eventually be folded into Shutterstock’s banner.

More Digital

  • YouTube logo

    YouTube Streams Over 180 Million Hours to TV Screens Every Day

    Commercial image and music provider Shutterstock upped its media libraries Thursday with acquisitions of PremiumBeat, a music and sound effects provider for videos, films, games and other creative projects, as well as Rex Features, Europe’s largest independent photo press agency. The acquisition of PremiumBeat, at approximately $32 million in cash, comes on the heels of Shutterstock’s launch of […]

  • Facebook

    Facebook Suspends Data-Analytics Firm Crimson Hexagon to Probe Potential Policy Violations

    Commercial image and music provider Shutterstock upped its media libraries Thursday with acquisitions of PremiumBeat, a music and sound effects provider for videos, films, games and other creative projects, as well as Rex Features, Europe’s largest independent photo press agency. The acquisition of PremiumBeat, at approximately $32 million in cash, comes on the heels of Shutterstock’s launch of […]

  • Trump Davos

    Trump Tariffs Could Make Apple Watch, Sonos Speakers More Expensive (Report)

    Commercial image and music provider Shutterstock upped its media libraries Thursday with acquisitions of PremiumBeat, a music and sound effects provider for videos, films, games and other creative projects, as well as Rex Features, Europe’s largest independent photo press agency. The acquisition of PremiumBeat, at approximately $32 million in cash, comes on the heels of Shutterstock’s launch of […]

  • ABC - More In Common

    ABC Hopes Feel-Good Series for Facebook About Americans Uniting Goes Viral

    Commercial image and music provider Shutterstock upped its media libraries Thursday with acquisitions of PremiumBeat, a music and sound effects provider for videos, films, games and other creative projects, as well as Rex Features, Europe’s largest independent photo press agency. The acquisition of PremiumBeat, at approximately $32 million in cash, comes on the heels of Shutterstock’s launch of […]

  • Disney Cycles VR Short Film

    Disney Animation's First VR Film, 'Cycles,' Set to Premiere

    Commercial image and music provider Shutterstock upped its media libraries Thursday with acquisitions of PremiumBeat, a music and sound effects provider for videos, films, games and other creative projects, as well as Rex Features, Europe’s largest independent photo press agency. The acquisition of PremiumBeat, at approximately $32 million in cash, comes on the heels of Shutterstock’s launch of […]

  • Beta Film Boards ‘The Pier,’ from

    Beta Film Boards ‘The Pier,’ from ‘Casa de Papel’ Creator Alex Pina

    Commercial image and music provider Shutterstock upped its media libraries Thursday with acquisitions of PremiumBeat, a music and sound effects provider for videos, films, games and other creative projects, as well as Rex Features, Europe’s largest independent photo press agency. The acquisition of PremiumBeat, at approximately $32 million in cash, comes on the heels of Shutterstock’s launch of […]

  • Michelle Kempner

    BuzzFeed Entertainment Operations Head Michelle Kempner Exiting for Facebook

    Commercial image and music provider Shutterstock upped its media libraries Thursday with acquisitions of PremiumBeat, a music and sound effects provider for videos, films, games and other creative projects, as well as Rex Features, Europe’s largest independent photo press agency. The acquisition of PremiumBeat, at approximately $32 million in cash, comes on the heels of Shutterstock’s launch of […]

More From Our Brands

Access exclusive content