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.
Announced at CES 2025, the collaboration will give Defined.ai users access to Getty Images' content, allowing customers to train AI models with premium, vetted datasets that compensate creators. SEATTLE,
Getty Images and Shutterstock will merge into one company valued at $3.7 billion in a deal that aims to take on competition from AI, the companies announced on Tuesday. The new premier visual content company will be called Getty Images Holdings, Inc. and at close, Getty Images’s CEO, Craig Peters, will serve as CEO of the combined company.
Shutterstock are joining forces in a merger valued at around $3.7 billion, the companies announced on Tuesday. The merger will allow the companies to expand their stock photo libraries as they face increasing competition from AI-powered image creation tools.
Siri eavesdropped on users’ medical appointments and other private moments. With the pitiful settlement that was reached, Apple will now dole out enough hush money for each claimant to buy a few coffees.
Getty’s acquisition of Shutterstock could influence the future of creative assets. Learn its impact on SEO, content visibility and more.
The Getty Center, one of the most visited museums in the U.S. with millions of visitors each year, also faced the risk of destruction. Home to a world-renowned art collection that spans 110 acres in Santa Monica, the museum was engulfed by smoke on Wednesday but miraculously emerged unscathed as wildfires scorched the surrounding ground.
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Copilot is Microsoft's generative AI chatbot featured in much of the company's productivity software, and the tool has free and paid versions.
Getty Images’ $3.7 billion merger, including debt, with rival stock image seller Shutterstock is a picture-perfect template for more deals.
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, January 7.