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Author Topic: Other exciding news Envanto acquired by Shutterstock  (Read 1359 times)

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« on: May 02, 2024, 06:17 »
+2
We hope this email finds you well.

Were reaching out to share some exciting news. Envato has entered into a definitive agreement to be acquired by Shutterstock, a leading global creative platform. This agreement is subject to customary conditions and is expected to close in the third quarter of this calendar year. This agreement marks a significant milestone in our journey, and we wanted to take a moment to let you know what this means for you, our Authors. 

 

Most importantly, Envatos commitment to empowering creatives will continue. The services and support you have come to expect from us, and the relationship we have with you, will remain.

 

We see this as a pivotal moment in Envatos journey and are excited for the future. We have confidence in the alignment of values and the strong strategic fit that underpin this upcoming union between Envato and Shutterstock.

 

We will continue to keep you informed of any important updates that come with this transition.

 

Finally, we want to express our gratitude to you, our authors, for your continued support and dedication to the Envato community. As we move forward, we will continue to listen to the needs of our creative community, build innovative products, and create an environment where your creativity can thrive.

 

If you are interested in finding out more about the agreement, head to the media statement.

 

We look forward to shaping the future of creativity with you.

 

Thanks,

Team Envato


« Reply #1 on: May 02, 2024, 07:50 »
+1
more AI data training material?raise investor morale?

I can't think of any other reasons.

anyway a good shot for SS,to lift spirits temporarily.

I don't think it makes much difference for the contributors,are ships that are sinking anyway.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #2 on: May 02, 2024, 14:49 »
+2
That's a surprise. I guess SS really wanted to get into that part of the business.

« Reply #3 on: May 03, 2024, 00:42 »
+1
This is surprising. Envato itself comes in a big giant category.

What deal amount is it going?


 

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