[UPDATED] Stock photo and video site Shutterstock (NYSE: SSTK) continues to expand its music offering with toady's announcement that it has acquired PremiumBeat, a royalty-free music service with 5,000 curated tracks. Shutterstock paid $32 million in cash for PremiumBeat, with additional considerations due if financial goals are met through 2018. New Leader For Shutterstock Music PremiumBeat provides tracks and sound effects for use in videos, films, television, and other creative projects with past customers including Apple, BMW, H2O Wireless, and Molson. With offices in Montreal and Dallas, PremiumBeat will continue under the leadership of Francois Arbour, who will expand his...

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