Rcapital has backed the management buy-out of global content agency Splash News, previously owned by SilverHub Media.
Splash News is the world’s leading celebrity and breaking news agency, providing images, video and stories to top publishers across the globe. Splash News is the largest contributor led celebrity agency in the world with over 20 years experience. It has a global network of photographers and provides a range of services including global feeds into newspapers, magazines and online news subscriptions, brand partnerships, product placement and trending celebrity analysis.
In May Shutterstock announced the acquisition of Splash News, one of the world’s leading entertainment news networks for newsrooms and media companies.The deal bolsters Shutterstock Editorial’s Newsroom offering, with a global photographer network of 4000+ contributors, and an archive of over 60 million assets, making this one of the largest editorial photo and video archives in the industry.
Splash News is an industry leader with a thriving archive of over 27 million images, its customers include E! News, People, Daily Mail, TMZ, Dow Jones, Reach and News UK. Since Splash was founded in 1990, it has built strong brand recognition and trust within the entertainment industry. Over more than three decades, Splash has developed a loyal, expanding contributor network of over 4,000 photographers around the world, who upload over 20,000 assets each day.
In June 2018, Rcapital backed the management buy-out of global content agency Splash News. “We looked to align Splash with a partner who shared their deep industry knowledge and flair to innovate – the addition of Splash to the Shutterstock Newsroom is an exciting milestone in their growth story. We wish the team at Splash every success for the future.” Phil Emmerson, Rcapital.
“Splash has been revered for decades as the best in the business for premium celebrity and entertainment content, and with this acquisition, Shutterstock will own the entertainment category,” said Jamie Elden, Chief Revenue Officer at Shutterstock.
“Splash is an established and respected brand that has showcased some of the most significant pop culture moments, and we’re thrilled to welcome them to the Shutterstock family,”
“The fusion of Splash, a respected legacy brand, and the Shutterstock Newsroom, an elevated premium service offering, will allow us to scale our entertainment vertical. With this union, we are positioning Shutterstock as the market leader for entertainment, providing our global customer base with best-in-class editorial content.” said Candice Murray, Vice President of Editorial at Shutterstock.