Google × Shutterstock, Inc.
In its Q2 2023 financial results announcement, Shutterstock's CEO revealed that the company had "recently signed a strategic multi-year content and data partnership with Google." [54, 60] While specific details were not provided in the release, the context of Shutterstock's other AI data deals in 2023 indicates the partnership is for AI training data. Financial terms were not disclosed.
The asset
A strategic multi-year content and data partnership to license Shutterstock's content for training Google's AI models.
The record
- Seller status
- Going concern
- Sector
- Stock media provider
- Modalities
- images, video, music
- Jurisdiction
- US
What it means if you hold data
This deal added another of the world's largest tech companies to Shutterstock's roster of AI data customers, validating its strategy of monetizing its vast content library for model training and solidifying its role as a key data supplier to the AI ecosystem.