Shutterstock Stands In Support Of Ukraine With Immediate Donation to Contributor Community of Photographers, Videographers, 3D Artists, Illustrators and Musicians
On March 3, 2022, Shutterstock (NYSE: SSTK) announced a donation of $1 million to support its contributor community in Ukraine amid the ongoing conflict.
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Rhea-AI Summary
On March 3, 2022, Shutterstock (NYSE: SSTK) announced a donation of $1 million to support its contributor community in Ukraine amid the ongoing conflict. This initiative aims to assist thousands of photographers, videographers, 3D artists, illustrators, and musicians in the region. CEO Stan Pavlovsky, who has personal ties to Ukraine, emphasized the importance of supporting those affected by the war. Shutterstock remains committed to helping its community during this crisis.
Positive
- Immediate donation of $1 million to support Ukrainian contributors.
- Commitment to ongoing support for affected community.
Negative
- None.
Details
News Market Reaction – SSTK
The recorded move for SSTK in the trading session of this news was +1.51%.
Data tracked by StockTitan Argus. Session date unavailable.
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NEW YORK, March 3, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies, today announced that it would immediately support its valued contributor community in Ukraine to assist with the hardship as a result of the outbreak of war in the region by making an immediate donation of
The news of the war in Ukraine is distressing for many around the world, and we recognize that it has a far-reaching impact on our Shutterstock community throughout the region. We will continue to offer support and assistance to those impacted by the conflict.
"We are living through a period of historical significance, and it is in moments like these where our actions are particularly important," said Stan Pavlovsky, Chief Executive Officer at Shutterstock. "For me, the injustice and suffering caused by this war is personal. I was born and raised in Ukraine until the age of seven, and I feel a deep affinity and connection with our Ukrainian community. At Shutterstock, when a part of our community is suffering, together, we must offer our support. Our thoughts are with all those who have been impacted by the events in Ukraine, and we are committed to standing with them during this time of crisis."
About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK), is a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies. Directly and through its group subsidiaries, Shutterstock's comprehensive collection includes high-quality licensed photographs, vectors, illustrations, 3D models, videos and music. Working with its growing community of over 2 million contributors, Shutterstock adds hundreds of thousands of images each week, and currently has more than 400 million images and more than 24 million video clips available.
Headquartered in New York City, Shutterstock has offices around the world and customers in more than 150 countries. The Company also owns PicMonkey, a leading online graphic design and image editing platform; Offset, a high-end image collection; Shutterstock Studios, an end-to-end custom creative shop; PremiumBeat, a curated royalty-free music library; Shutterstock Editorial, a premier source of editorial images and videos for the world's media; TurboSquid, a leading 3D content marketplace; Amper Music, an AI-driven music platform; and Bigstock, a value-oriented stock media offering. For more information, please visit www.shutterstock.com and follow Shutterstock on Twitter and on Facebook.
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SOURCE Shutterstock, Inc.
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