The Technology team advised Pond5 on its acquisition by Shutterstock (NYSE: SSTK). Consideration for the transaction consisted of $210 million in cash.
Pond5 is the world's leading online marketplace for royalty-free and editorial video, with customers including Netflix, Disney, NBC, BBC, Discovery Channel and The Wall Street Journal. Pond5's comprehensive collection includes 30 million licensable video clips, 1.6 million music tracks and 1.7 million sound effects assets. Since its inception in 2006, Pond5 has built an expanding contributor network of over 115,000 active contributors across 180 countries, who upload over 2.5 million assets each month.
Shutterstock is the leading global creative platform for transformative brands and media companies.
For more details on the acquisition, please read the press release.