NEW YORK, September 25, 2017 /PRNewswire/ --
According to a report published by Markets and Markets, the enterprise video market is expected to grow from an estimated
USD 16.34 Billion in 2017 to USD 40.84 Billion by 2022, at a Compound
Annual Growth Rate (CAGR) of 20.1%. The enterprise video industry is driven by a strong rising demand for video as a tool to
improve communications and collaborations across businesses. The increasing adoption of cloud technology is also expected to
improve demand. North America is expected to hold the largest market share during the forecast
period due to the early adoption of enterprise video solutions by many of the verticals in this region. Moovly Media Inc
(TSX-V: MVY), Shutterfly, Inc. (NASDAQ: SFLY), Alphabet Inc. (NASDAQ: GOOG), Adobe Systems Incorporated (NASDAQ: ADBE), Cisco
Systems, Inc. (NASDAQ: CSCO).
Outside the enterprise video market, the global video streaming software market size is also expected to show strength. A
report by Markets and Markets indicates that this market is projected to grow from USD 3.25 Billion
in 2017 to USD 7.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.2%. The
education vertical is projected to grow at the highest CAGR from 2017 to 2022, as video solutions are enhancing the classroom
experience and increasing student engagement.
Moovly Media Inc (TSX-V: MVY) is listed on the TSX Venture Exchange under the ticker symbol 'MVY'. Earlier today the
company announced breaking news that has entered into an API integration with Shutterstock (NYSE: SSTK).
Moovly has integrated Shutterstock's API technology to offer its clients access to Shutterstock's more than 150 million
digital assets via the Moovly Studio editor. This is the first instance where Shutterstock will license video and music directly
through its API.
Shutterstock is known as a leading global technology company offering a creative platform for high-quality assets, tools and
services to businesses, marketing agencies and media organizations around the world and Moovly is well known for its leading
video creation technology.
Through this agreement Moovly users get seamless access to more than 150 million of Shutterstock's digital assets (including
video, images and, music) to make even more engaging and impressive content. Importantly too, this integration provides Moovly
with an additional revenue opportunity by reselling Shutterstock's assets.
This integration continues Moovly's positioning as the thought and technology leader in the high-end video creation platform
space and a simple to use, cost-effective yet advanced tool, an invaluable combination for creative professionals.
Brendon Grunewald, CEO of Moovly said, "This is an important integration for Moovly, it brings
a vast collection of assets to our users and in doing so makes Moovly the undisputed market leader and gives credibility to
Moovly's offering in the market. We look forward to working with Shutterstock to provide the most intuitive, cost effective means
for anyone to tell their story, whether that is to promote a product or market to new audiences."
"Moovly understands that the ever increasing consumption of video on social platforms is fueling a growing expectation from
marketers and businesses to produce high-quality visual stories within shorter timeframes," said Alexander Reynolds, Senior Director of Business Development at Shutterstock. "The integration of
Shutterstock's API empowers users to quickly and easily search and license millions of images, video, and music tracks, to create
compelling video content, without leaving the Moovly Studio platform." For additional information regarding Moovly, please refer
to its website at http://www.moovly.com.
Shutterfly, Inc. (NASDAQ: SFLY) is the leading online retailer and manufacturer of high-quality personalized products
and services. Founded in 1999, the Shutterfly, Inc. brands includes Shutterfly, where your photos come to life in photo
books, gifts, and cards and stationery with premium offerings in its Tiny Prints boutique; Wedding Paper Divas, wedding
invitations and stationery for every step of the planning process; BorrowLenses, the premier online marketplace for photographic
and video equipment rentals; and GrooveBook, an iPhone and Android app and subscription service that prints up to 100 mobile
phone photos in a GrooveBook and mails it to customers every month. On August 17 2017, the company announced the pricing of
a $300M Senior Secured Delayed Draw Term Loan B. The term loan carries a margin of LIBOR + 250
basis points and was issued at a discount to par of 50 basis points.
Alphabet Inc. (NASDAQ: GOOG) has grown to more than 70,000 employees worldwide, with a wide range of popular products and
platforms like Search, Maps, Ads, Gmail, Android, Chrome, and YouTube. On July 24, 2017, the
company announced financial results for the quarter ended June 30, 2017. Ruth Porat, CFO of Alphabet said, "With revenues of $26 billion, up 21% versus
the second quarter of 2016 and 23% on a constant currency basis, we're delivering strong growth with great underlying momentum,
while continuing to make focused investments in new revenue streams."
Adobe Systems Incorporated (NASDAQ: ADBE) recently revealed advancements to its industry-leading Adobe Creative Cloud
video tools and services, to be showcased at IBC 2017. To help filmmakers and video professionals create standout content, Adobe
will highlight the latest innovations in virtual reality (VR)/360, animation, motion graphics, editing, collaboration and Adobe
Stock - all available later this year. Many of these features are powered by Adobe Sensei, the company's artificial intelligence
and machine learning framework. Adobe will preview these advancements at Stand 7. G27 in the RAI Amsterdam Convention Center and
at 140 partner booths from September 15-19 at IBC.
Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984.
Earlier this year, the company announced it launched the Infinite Video Platform Labs, enabling all Infinite Video customers
worldwide to define together the future of the consumer video experience. IVP Labs allows participating customers to test new
features with users before making them generally available. Customers and end users can provide crucial feedback to make these
features, and the IVP roadmap, more relevant. IVP Labs leverages IVP's agile development approach, built-in A-B testing
capabilities, and a modular microservice-based architecture that enables fast, incremental delivery of value to its
customers.
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