US EditionGetty Images buying Shutterstock to create a $3.7 billion visual content company
- Getty Images is acquiring Shutterstock to form a visual content company valued at $3.7 billion.
- The merger aims to provide a wider range of media including images, videos, and music for customers.
- Shareholders of Getty Images will own about 54.7% of the new company, while Shutterstock shareholders will own approximately 45.3%.
- The combined company will operate under the name Getty Images Holdings Inc and will trade as GETY on the New York Stock Exchange.
128 Articles
128 Articles
Image banks such as Getty Images or Shutterstock are the biggest hit by AI free image generation, which is why they have merged.
DECRYPTION - This $3.7 billion strategic merger is the only way for the famous agency to deal with the upheavals induced by generative AI technologies.
Business Insider
DNyuz2 of the largest stock photo platforms are merging, sending their shares up
Getty Images is combining with Shutterstock.Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty ImagesGetty Images and Shutterstock are merging.The merger aims to save $200 million and boost revenue in three years.The new company will face competition from AI image-generation tools like Adobe's Firefly and DALL·E 3.Getty Images and Shutterstock are merging in a deal that could help the company better prepare for artificial intellige…
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