Shutterstock announces acquisition of Backgrid celebrity news network

Shutterstock announced the acquisition of Backgrid, which it calls “a global premier destination for celebrity news, known for supplying top media organizations with real-time content from the world’s top photographers for more than three decades.” The company added: “Through this acquisition, Shutterstock will expand its archive with an additional 30 million+ images and videos across celebrity, red carpet and live events, and add more than 1,400 contributors to its already industry-leading global photographer network… The acquisition will bolster Shutterstock’s coast-to-coast editorial coverage in the United States, while further extending the company’s reach globally-supporting Shutterstock’s greater strategic vision to grow its domestic and international editorial business as the leading provider of high-quality celebrity news content with the largest network of the world’s top photographers.”