RECENT BUSINESS DEVELOPMENTS
API Integration With Shutterstock
In September 2017, Moovly entered into an API (application programming interface) integration with Shutterstock.
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.
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.
Next Generation Video Editor
In March 2017, Moovly commercially released its second-generation video editor, Moovly Studio, at a disruptive price of $5 per month. Of special significance, Moovly Studio is based on HTML5 and takes full advantage of Moovly's advanced API platform to enable rapid feature development and easy integration of content and other third parties. Moovly Studio will initially be available in two commercial licences, namely Moovly Unlimited at $5 per month and Moovly Business at $300 per year. Effective November 28, 2017, the Company introduced a new subscription pricing model, offering monthly subscription of $49.99 USD or an annual subscription of $299.99 USD. Enterprise users are offered an annual rate of $1,500 USD which includes five yearly subscriptions and additional features and content which are unique to Enterprise users.
