Shutterstock builds competitive edge with Turbosquid acquisition

Shutterstock has announced the acquisition of TurboSquid for $75 million cash, and in a single stroke becomes the “world’s largest 3D marketplace.” This deal is a boon for Shutterstock. Turbosquid claims 1.9 million customers. In addition, Turbosquid’s content creators will have a larger pool of customers by joining Shutterstock. Shutter stock has expansion on its mind, last November, Shutterstock acquired Amper Music, an AI-driven tool to create original music by playing with individual audio samples recorded by musicians on thousands of unique instruments. Upon acquisition, Shutterstock said the addition of Amper strengthened its capabilities in artificial intelligence as well as