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,
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.
News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a share on Monday.
The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.
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.
Key questions include: will the indie tax credit be transformative? How will cinemas adapt? And what is going on with James Bond?
From Meta’s content moderation and Nvidia’s GeForce RTX 50-series chips to the Getty Images-Shutterstock merger– here's all you need to know.