TORONTO—Canadian stock photo agency Masterfile has acquired the assets of Norwegian microstock agency Crestock.

“It’s no secret that microstock has revolutionized the global stock photo industry,” said Masterfile president Steve Pigeon, in a press release, refering to the proliferation of low-rate royalty-free imagery. “Our acquisition of Crestock is a springboard for Masterfile to join the revolution.”


Masterfile, which was founded in 1981, is a rights-managed and royalty-free licensor of stock photography. Crestock was founded in Norway in 2005 and has more than 100,000 members and close to one million images.

Creststock will run as a separate business unit with considerable support from Masterfile in management, finance, marketing and technology, according to a company press release. Contact: Masterfile.com, Crestock.com