RegulatoryMay 14, 2026, 04:28 PM
Shutterstock to Pay $35M FTC Settlement for Subscription Practices
AI Summary
Shutterstock, Inc. has reached an agreement in principle with the Federal Trade Commission (FTC) to settle an investigation into its disclosure and subscription enrollment and cancellation practices. The company will pay $35 million to the FTC and implement certain changes to its practices. This settlement resolves a civil complaint filed by the FTC alleging violations of Section 5 of the FTC Act and the Restore Online Shoppers’ Confidence Act (ROSCA).
Key Highlights
- Shutterstock to pay $35 million to the Federal Trade Commission (FTC) as part of a settlement.
- The settlement resolves an FTC investigation into the company's disclosure and subscription enrollment and cancellation practices.
- The FTC filed a civil complaint alleging violations of Section 5 of the FTC Act and ROSCA.
- Shutterstock agreed to provide additional disclosure and implement changes to its subscription practices.
- The $35 million payment is expected to be made from cash on hand during the second quarter of 2026.
- The investigation began in August 2024 with a Civil Investigative Demand from the FTC.