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Top related persons:
Shutterstock - 1 Dade Orgeron - 1 Orgeron - 1 TK - 1 Dade Orgeron Shutterstock - 1 Shutterstock.AI - 1 Paul Hennessy - 1 We're - 1
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New York Reka Silicon Valley Shutterstock Wall Silicon Tennessee
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Service - 2 Meta - 1 Apple - 1 Nvidia - 1 Business - 1 Dade - 1 CES - 1 Key - 1

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2 mentions found


☆ Shutterstock earned over $100 million in revenue thanks in part to its AI-powered image-generator tool
  + stars: | 2024-12-13 | by ( Matthew S. Smith | ) www.businessinsider.com   time to read: +7 min
"It would be silly for me to say that we didn't see generative AI as a potential threat," Orgeron said. He recalled attending CES in 2023 and said that many creative professionals there were unaware of generative AI and the impact it could have on the industry. However, the move toward generative AI was preceded by earlier acquisitions. Paul Hennessy, the CEO of Shutterstock, said in June the company earned $104 million in annual revenue from AI licensing agreements in 2023. While it doesn't offer an AI video-generation service yet, Orgeron said Shutterstock plans to launch a service soon.
Persons: Shutterstock, Dade Orgeron, Orgeron, TK, Dade Orgeron Shutterstock, Shutterstock.AI, Paul Hennessy, We're Organizations: Meta, Apple, Nvidia, Business, Service, Dade, CES, Key, Shutterstock.AI, Enterprise, HP Locations: New York, Reka, Silicon Valley, Shutterstock
☆ Sen. Tommy Tuberville is still earning royalties from 'The Blind Side' as tensions flare over the truthfulness of the story 14 years after the movie's release
  + stars: | 2023-08-16 | by ( Madison Hall | ) www.businessinsider.com   time to read: +3 min
Fourteen years after its release, Sen. Tommy Tuberville is still earning royalties from "The Blind Side." In the movie, Tuberville briefly plays the role of himself as he tries to recruit Michael Oher to commit to Auburn University. Oher recently filed court documents alleging that he was misled by the family who brought him. According to a recently-file annual report of his personal finances, Tuberville earned $1,750.55 in royalties in 2022 from "WB Studio Enterprises Inc." in connection to the movie. Oher recently alleged in court documents that he was "exploited" by the Tuohy family, who he said never actually adopted him.
Persons: Sen, Tommy Tuberville, Tuberville, Michael Oher, Oher, he's, —, Nick Saban, Ed Orgeron, Lou Holtz, Sandra Bullock, Leigh Anne Tuohy, Sean Tuohy, Michael Organizations: Auburn University, Service, WB, Enterprises Inc, National Football League Locations: Wall, Silicon, Tennessee
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