Shutterstock is an American stock photography, stock footage, stock music, and editing tools provider headquartered in New York City. Founded in 2003 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 90 million royalty-free stock photos, vector graphics, and illustrations, with around 4 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into a la carte pricing in 2008, and has been publicly traded on the New York Stock Exchange since 2012. Since its founding Shutterstock has acquired a handful of other companies, starting with Bigstock in 2009 and followed by digital asset management software provider WebDAM in 2014. After acquiring Rex Features and PremiumBeat in 2015, Shutterstock recently announced a partnership with the Associated Press. It also has licensing deals with companies such as Penske Media Corporation. The company had over 100,000 contributors as of March 2016, with an "active customer base of 1.4 million people in 150 countries." Shutterstock was founded in 2003 by American entrepreneur and computer programmer Jon Oringer. Creating his own online marketplace, Oringer initially uploaded 30,000 of his own stock photos and made them available via subscription, with unlimited downloads and a monthly starting fee of USD $49. When demand exceeded his photo supply, he became an agent and began hiring additional contributors. Helping pioneer the subscription based microstock photography business model, Shutterstock claimed that it was the "largest subscription-based stock photo agency in the world" as of 2006, with 570,000 images in its collection. Shutterstock branched into film in 2006 with the launch of Shutterstock Footage, and by 2007, the company had 1.8 million photos. Insight Venture Partners invested in the company that year. Shutterstock expanded beyond subscriptions into a la carte pricing in August 2008, with its "On Demand" service removing daily download limits. On September 23, 2009, Shutterstock announced that it had purchased Bigstock, a rival credit-based microstock photography agency. Fast Company argued the deal put "Shutterstock on a competitive playing field with Getty, whose iStockPhoto is also credit-based." Shutterstocks CEO Jon Oringer stated the addition would "enable Shutterstock to better satisfy the diverse payment preferences of stock photo buyers worldwide." Shutterstock had 11 million royalty-free stock images by early 2010. In February 2011, Shutterstock announced a two-year partnership with the American Institute of Graphic Arts (AIGA) to provide creative inspiration to its members. Claiming it licensed more images than "any other brand worldwide" in 2011, that November Shutterstock debuted Shutterstock for iPad, which it provided for free.