Shutterstock to Meta, Google, Amazon, Apple: Hundreds of millions of images, videos and music files for training; buyer identities per a person familiar, price range per Shutterstock's CFO.
$25 million to $50 million each initially; most later expanded
Dated 5 Apr 2024Source checked 5 Apr 2024Quote found on its page again 17 Oct 2026Basis: stated
In the source's own words
“The deals with Big Tech firms initially ranged from $25 million to $50 million each, though most were later expanded, Shutterstock's Chief Financial Officer Jarrod Yahes told Reuters.”
Where it was read
Reuters (archived copy on gwern.net), checked 5 Apr 2024
Also read from the same source
- Freepik to Two undisclosed large tech companies: Majority of Freepik's 200-million-image archive; five more similar deals said to be in the pipeline.
- Photobucket to Undisclosed tech companies (in talks): IN TALKS, NO SIGNED DEAL REPORTED: licensing of Photobucket's 13 billion photos and videos for generative AI training; rates discussed by the CEO.
- Defined.ai to Google, Meta, Apple, Amazon, Microsoft: Marketplace price points stated by Defined.ai's CEO for licensed training data (earnings split with content providers).
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