AI news ·
Shutterstock Founder Jon Oringer Returns as CEO
Shutterstock’s founder is back as CEO, and Envato’s CEO becomes president and COO, as the company adjusts to the impact of AI-generated content.
Shutterstock founder Jon Oringer has returned to the role of CEO, marking a leadership shift at the major content marketplace. Concurrently, Envato CEO Hichame Assi has been appointed president and chief operating officer.
The changes place two experienced executives at the helm as the company navigates a period shaped by generative media. The rise of AI-driven content creation is transforming traditional licensing models and creator economics, putting pressure on marketplaces to adapt their strategy.