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shutterstock acquires .backgrid

Mishcon de Reya advises Backgrid on its acquisition by Shutterstock

Posted on 12 February 2024

Mishcon de Reya’s Corporate team has advised Backgrid, a global provider of celebrity news and photography, on its sale to creative content licensing company Shutterstock.

The acquisition will give Backgrid and Shutterstock customers access to the combined power of their content libraries of editorial and archival content, allowing the enlarged group to expand its archive with Backgrid’s 30 million+ images and videos across celebrity, red carpet and live events. The transaction will also add more than 1,400 contributors to its global photographer network.

Mishcon de Reya represented Backgrid on UK legal matters (and Olshan addressed US legal matters),

The team at Mishcon de Reya was led by Corporate Partner, Dean Poster and supported by Jack Crawford, Amy Davidson and Angelika Velickovska.

Dean Poster, Partner at Mishcon de Reya, commented: "This is an exciting deal in a dynamic industry. We are delighted to have advised this client working on another multi-national transaction."

Dan Taylor, CEO of Backgrid, added: "This acquisition opens exciting opportunities for growth and innovation for our global network of photographers, customers and our employees, and we look forward to pursuing them together. The team at Mishcon de Reya worked incredibly hard to get the deal completed in a very short time frame and worked collaboratively with our US colleagues."

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