Getty Images buying Shutterstock to create a $3.7 billion visual content company

Shutterstock and Getty Merge to Meet AI Challenge in $3.7 Billion Deal

The two big players in the licensed visual content will pair up to counter threats from artificial intelligence tools like Midjourney.

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.

Big Photo: Getty Images and Shutterstock merge in $3.7B deal to form a new visual content powerhouse

The post Big Photo: Getty Images and Shutterstock merge in $3.7B deal to form a new visual content powerhouse appeared first on Milwaukee Independent.

Getty Images and Shutterstock to merge in $3.7bn deal

The recently announced merger will see Getty Images and Shutterstock combine in an effort to create ‘a premier visual content company’.

2 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…