I am under the impression that this is kind of true, though, in that you might think of Giphy as a massive pile of user content under dubious or illegitimate licensing, but it actually (ridiculously) is a repository of exclusively-licensed content that is contributed by such groups as motion picture companies (and which is then also what kind of led to the downfall of the concept, as the existence of Giphy and its narrow catalog of official gifs OK'd by marketing and legal departments started to feel stale).