In a strategic move set to reshape the digital creative content landscape, Shutterstock, Inc. has announced its acquisition of Envato Pty Ltd. for $245 million in cash. This acquisition marks a significant expansion for Shutterstock, aiming to enhance its subscription base and diversify its content offerings.

Deal Overview

Shutterstock, a global leader in creative content, has entered into a definitive agreement to purchase Envato, an Australian company renowned for its extensive library of digital assets and creative templates. Envato’s flagship product, Elements, offers unlimited downloads across various asset types, which will now complement Shutterstock’s existing content library. This acquisition is expected to double Shutterstock’s subscription base to 1.15 million users by integrating Envato’s 650,000 subscribers【47†source】【48†source】.

Strategic Benefits

  1. Expanded Content Library: The acquisition will significantly bolster Shutterstock’s content offerings, adding approximately 10 million images, 6 million videos, 1 million audio clips, 500,000 templates, and 200,000 graphics and fonts. This enhancement will diversify Shutterstock’s portfolio, including new content types such as web codes, themes, and product mock-ups.
  2. Increased Revenue Potential: Envato has generated over $1.3 billion for its author community. The merger is expected to contribute 20% to Shutterstock’s annual revenue and 15% to its annual adjusted EBITDA by 2027. This revenue boost will come from enhanced content sales and subscription services.
  3. Enhanced Market Position: By integrating Envato’s strong market presence and innovative product offerings, Shutterstock aims to meet the growing demand for creative assets, particularly in video, audio, graphics, and templates. This move aligns with Shutterstock’s long-term strategic goals, reinforcing its position as a leading provider of creative content solutions【47†source】.

Financial Details

The acquisition is being financed through a $375 million credit facility, with Bank of America, Citigroup, Wells Fargo, and Citizens providing the financing. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions. CapM Advisors and White & Case LLP served as financial and legal advisors to Shutterstock, while Drake Star Partners, Goodwin Procter LLP, and King & Wood Mallesons advised Envato【48†source】.


Shutterstock’s acquisition of Envato is a pivotal development in the creative industry, promising to deliver extensive benefits to both companies’ customers. With an expanded content library, enhanced revenue potential, and a stronger market position, this strategic move sets the stage for Shutterstock to continue leading in the competitive digital creative content market. As the deal progresses, stakeholders and subscribers alike can look forward to an enriched and diversified array of creative assets and services.