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Getty Images, Shutterstock
Getty Images Plans $3.7B Merger With Rival Shutterstock
The giant commercial photo and video providers are grappling with the emergence of artificial intelligence tools that have flooded the internet with AI-created images.
Getty Images and Shutterstock to merge to form $3.7B stock photo giant
Getty Images is the bigger company of the two, and its shareholders will own approximately 54.7% of the new entity, while Shutterstock shareholders will own 45.3%. Getty Images also owns the iStock and Unsplash brands. The company will simply be called Getty Images.
The Future Of Stock Media After Getty And Shutterstock Join Forces
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ticker symbol "GETY." Craig Peters, current CEO of Getty Images, will lead the merged entity, while Shutterstock's CEO Paul Hennessy will join the eleven-member Board of Directors.
1d
Defined.ai Announces Strategic Engagement With Getty Images to Deliver High-Quality, Commercially-Safe Image Datasets for AI Training
Announced at CES 2025, the collaboration will give Defined.ai users access to Getty Images' content, allowing customers to ...
4d
After Months Of Selloff, Getty Images' Price Finally Looks Appealing
Getty Images' strong position in the visual content market and its brand value justify a premium to book value. Read why I've ...
22h
CES 2025: How To Meet AI’s Inexhaustible Demands For Power
CES should be called the AI Show as Nvidia and an uncountable number of emerging vendors are infusing AI into their future ...
18h
on MSN
Student allegedly creates deepfake porn of female students using AI
The senior in high school, who cannot be named, allegedly used images from social media along with artificial intelligence to ...
4h
on MSN
LA tourist attractions destroyed by apocalyptic wildfires
The Getty Center, one of the most visited museums in the U.S. with millions of visitors each year, also faced the risk of ...
Screen International
5h
Eight talking points for the UK film industry in 2025
Key questions include: will the indie tax credit be transformative? How will cinemas adapt? And what is going on with James ...
7h
Kenneth Fire burns over 1,000 acres as LA wildfires enter fourth day with at least 10 dead and arrests made for arson and looting: Live updates
Residents and businesses have likened the apocalyptic scenes to 'Armageddon' as blazes broke out in Southern California for a ...
jacobin
1h
Congratulations, Your Privacy is Worth $20
Siri eavesdropped on users’ medical appointments and other private moments. With the pitiful settlement that was reached, ...
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