Money: Aussie unicorn Canva acquires Pexels and Pixabay to become the “Netflix of stock photography” - - PressFrom - Australia
  •   
  •   

MoneyAussie unicorn Canva acquires Pexels and Pixabay to become the “Netflix of stock photography”

19:40  19 may  2019
19:40  19 may  2019 Source:   smartcompany.com.au

Another win for Hannah Gadsby as Netflix acquires second show

Another win for Hannah Gadsby as Netflix acquires second show "It's wonderful that Netflix will bring the show to every corner of the globe," the comedian said on Tuesday.

Aussie billion-dollar startup Canva has continued to grow with a pair of new acquisitions , snapping up free stock photography websites Pexels and Pixabay . The company has also announced a new “ Netflix for stock photography ” service called Photos Unlimited, which provides users access to a

Being the " Netflix of stock photography . "This swelling of Canva 's stock photography offering will form the basis for a new subscription service the startup is launching, which Perkins believes could be the same as Shutterstock and iStock from their market-leading positions.

Aussie unicorn Canva acquires Pexels and Pixabay to become the “Netflix of stock photography”© Provided by Private Media Operations Pty Ltd. Canva

Aussie billion-dollar startup Canva has continued to grow with a pair of new acquisitions, snapping up free stock photography websites Pexels and Pixabay.

The company has also announced a new “Netflix for stock photography” service called Photos Unlimited, which provides users access to a massive library of stock photography via a monthly paid subscription.

Speaking to StartupSmart, co-founder Melanie Perkins said the stock photography space was an area the design startup has been interested in for a long time, and has been “on the lookout” for more high-quality designs to provide Canva users access too.

Netflix unveils Black Mirror Season 5 with Miley Cyrus

Netflix unveils Black Mirror Season 5 with Miley Cyrus Netflix has unveiled the Black Mirror Season Five trailer with robots, guns and Miley Cyrus. The new first look gives viewers a glimpse at the upcoming three episode season, which features big names including Anthony Mackie, Yahya Abdul-Mateen II, Topher Grace, Damson Idris, Andrew Scott, Nicole Beharie, Pom Klementieff, Angourie Rice, Madison Davenport and Ludi Lin. For those who don't know, Black Mirror is a British TV series from Charlie Brooker, with four incredible seasons and an interactive choose-your-own-adventure film already under its belt.

This swelling of Canva ’s stock photography offering will form the basis for a new subscription service the startup is launching, which Perkins believes It’s acquiring two free stock photo sites – Pexels and Pixabay – to make their 1 million images available to users creating designs within Canva , the

Canva have expanded their portfolio by acquiring Pexels and Pixabay , with a plan to launch the Netflix of stock photography . They have dubbed this as the Netflix of stock photography . In essence, Photos Unlimited will be a monthly subscription service that gives users unlimited access to

“We had our eye on Pexels and Pixabay. They’ve been on our radar for quite some time after we kept seeing tweets and comments from members of the Canva community about how awesome their products were,” Perkins says.

“But things really switched into gear late last year when we started conversations with them.”

Canva is one of Australia’s most promising startups, valued at more than $1 billion dollars after a $50 million capital raise early last year. The founders have told StartupSmart in the past their goal for the business is to eventually be valued at $1 trillion dollars.

The price of the acquisitions was not revealed, but Canva will gain access to an additional one million images, videos and illustrations through the transaction, along with 120,000 contributors from all over the world.

Optus is DOWN: Technical glitch leaves thousands of telco customers across the country unable to watch Netflix or play Fortnite

Optus is DOWN: Technical glitch leaves thousands of telco customers across the country unable to watch Netflix or play Fortnite A national Optus outage has left thousands of customers across the country unable to watch Netflix or use their gaming consoles. © Provided by Associated Newspapers Limited Furious customers reported technical issues about midday on Wednesday, but by 8pm it had yet to be resolved. The company released a statement on social media saying it was working to fix the issue. © Provided by Associated Newspapers Limited The company released a statement on social media saying it was working to resolve the issue 'We’re aware of an issue currently impacting access to international websites and gaming platforms.

Aussie billion-dollar startup Canva has continued to grow with a pair of new acquisitions , snapping up free stock photography websites Pexels and Pixabay . The company has also announced a new “ Netflix for stock photography ” service called Photos Unlimited, which provides users access to a

How to Start an Online Business With Minimal Investment. The rise of the online side hustle has allowed countless entrepreneurs the opportunity to make their

“We’re going to continue to foster that amazing global community, and they’ll have access to a much larger audience now through Canva,” Perkins says.

Canva will also continue to keep Pexels and Pixabay free and independent, with both the sites continuing to run. However, teams across both sites will be merged into Canva’s workforce, an increase of about 25 staff.

In a statement, co-founder of Pexels Ingo Joseph said the announcement was a “huge step” in the right direction.

“There’s a lot of synergy between Canva and Pexels — it’s a perfect match. No other design platform truly believes in the mission of empowering the world to design like Canva, and providing free stock content is central to their mission,” he said.

Being the “Netflix of stock photography”

This swelling of Canva’s stock photography offering will form the basis for a new subscription service the startup is launching, which Perkins believes could knock the likes of Shutterstock and iStock from their market-leading positions.

Flying marlin injures two in Aussie boating incident

Flying marlin injures two in Aussie boating incident Two boating brothers have been rushed to a hospital with serious injuries after a being hit by a flying marlin in the waters off Australia's east coast Thursday. One was airlifted to hospital and the other was taken overland. "Their injuries are not considered life threatening," police said. Some Australian marlin can grow as long as five metres (16 feet) -- and weigh as much as a car.

Aussie unicorn Canva acquires Pexels and Pixabay to become the " Netflix of stock photography " - SmartCompany. Aussie billion-dollar startup Canva has continued to grow with a pair of new acquisitions , snapping up free stock photography websites Pexels and Pixabay .

Aussie billion-dollar startup Canva has continued to grow with a pair of new acquisitions , snapping up free stock photography websites Pexels and Pixabay .

Photos Unlimited will be available at a price of $US12.95 per month ($18.79) and, as the name suggests, will provide users with unlimited access to a stock photography library of more than 50 million images. Revenue from those images will also be split 50/50 with creators, a larger distribution than other offerings.

“We have over 50 million images in our library from contributors across the world, and while you’d usually purchase them for $50 a pop from other providers, you’ll be able to get them on Canva through an all-you-can-eat-style subscription,” Perkins says.

“This was something our community really demanded, people who require a lot of image content said they would prefer reliable, monthly invoices.”

Canva expects to see similar uptake for Photos Unlimited as their existing Canva Pro offering, which has more than 500,000 subscribers.

Acquisitions a strong strategy

The double acquisition of Pexels and Pixabay brings the total number of public acquisitions by Canva to three, with the first being presentations startup Zeetings in April last year.

A unicorn a year: More than 50 Australian startups founded since 2011 are valued over $100 million

A unicorn a year: More than 50 Australian startups founded since 2011 are valued over $100 million Today, 52 companies founded by Australians since 2011 are worth more than $100 million. Fourteen companies are worth more than $500 million. Six — Afterpay, Airwallex, Canva, ZipMoney, Zoox and 10X Genomics — are worth more than $1 billion. Australia is currently producing a unicorn a year. 2011: Canva © Provided by Private Media Operations Pty Ltd.2012: 10x Genomics 2013: ZipMoney 2014: Zoox and Afterpay 2015: Airwallex Looking just at the top 52 companies, they represent a combined enterprise value of more than $30 billion and the creation of 10,000 new jobs. And not just any old jobs.

Aussie unicorn Canva acquires Pexels and Pixabay to become the " Netflix of stock photography " - SmartCompany. Aussie billion-dollar startup Canva has continued to grow with a pair of new acquisitions , snapping up free stock photography websites Pexels and Pixabay .

Canva expands their image library through key acquisitions .

Perkins says the startup’s experience with the Zeetings acquisition “really warmed our spirits” and showed it how well new acquisitions could benefit Canva.

“It really encouraged us to acquire amazing companies when they tick all the boxes, it’s a great way to continue to grow and offer more value to the community,” she says.

“That checklist includes making sure our values are strongly aligned, which is critical. The companies we want to work with closely are the ones wanting to do great things in the world.”

“Another key tenet is making sure our models are really complementary. We believe wholeheartedly in being free, so Pexels and Pixabay are definitely checking that box as well.”

Having had some decent experience now in acquiring companies, Perkins says the most critical things startups need to keep in mind is being as honest as possible.

“Being upfront and honest with each other right from the start is critical. Be transparent in what you both want and need,” she says.

“You need to foster trust right from the start in any negotiations with investors or company you’re looking to work with.”


Read more

Nasdaq withdraws offer to acquire Oslo stock exchange.
US stock market operator Nasdaq said Monday it was withdrawing its offer of nearly 700 million euros ($784 million) to acquire the Oslo Stock Exchange, clearing the way for its European competitor Euronext. "This decision has been made because under the current circumstances the minimum acceptance condition for completion of the offer is incapable of being satisfied," the company said in a statement. Nasdaq, which controls all the other Nordic stock exchanges, has been battling with Euronext to acquire the stock exchange since the start of the year.

—   Share news in the SOC. Networks
usr: 3
This is interesting!