History of Shutterstock
Shutterstock was founded in 2003 by Jon Oringer. Oringer uploaded 30,000 of his own stock photos and made them available via subscription, forming the basis of the company.
Shutterstock began selling stock video in February 2006, the first site of its kind to do so. Originally a subscription site, Shutterstock expanded beyond subscriptions into a la carte purchase options in August 2008. On September 23, 2009, Shutterstock announced that it had purchased rival site Bigstock, a credit-based microstock photography agency.
In February 2011, Shutterstock announced a two-year partnership with the AIGA, to provide creative inspiration to its members. One year later, Shutterstock surpassed 200 million stock image downloads, making it the first stock agency to claim such a milestone.
By April 2012, Shutterstock had more than 19 million royalty-free images and 500,000 royalty-free video clips available to subscribers, created by more than 35,000 photographers, illustrators, and videographers.In June, 2012, Shutterstock surpassed 20 million images in its collection.
In May 2012, Shutterstock filed for an initial public offering on the New York Stock Exchange, which it completed on October 17, 2012 under the ticker SSTK.
On April 12, 2013, Shutterstock announced that it had reached 25 million images in its collection, and had sold over 300 million licenses since its founding in 2003
http://www.shutterstock.com/cat.mhtml?gallery_id=1148924
Contributors
Contributing photographers must apply before they are eligible to upload their images. The applicants must submit 10 pictures that are screened for quality and suitability. At least 7 pictures must be approved for the contributor account to become active. Each image is reviewed by hand by Shutterstock's team of reviewers.
Once approved, contributors can begin uploading their work through the website. They supply keywords, categorize the images, and submit them to the "inspection queue", where each and every image is examined to ensure that it meets the standards of quality, usefulness and copyright and trademark laws. Each time an image is downloaded, the photographer receives a flat rate of 25c (with a tiered set of raises as the contributor reaches lifetime earnings of $500, $3,000, and $10,000, respectively).
Footage
In April 2006, Shutterstock began offering royalty-free stock footage on their website. Shutterstock Footage operates similarly to their image library, offering video clips by subscription or on a per-clip basis. Shutterstock footage is available in a variety of formats, including DVCAM, HDCAM and Betacam. Today, Shutterstock Footage contains over 1 million royalty-free video clips. According to the company, more than 80% of their video clips are available in HD.
http://www.shutterstock.com/cat.mhtml?gallery_id=1148924

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