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Shutterstock, 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.

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.

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Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger

Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared for the artificial intelligence era, in a deal that would likely draw antitrust scrutiny.

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A Getty and Shutterstock merger will create opportunities for both generative AI innovation and creator growth, the companies say

Stock photography platforms and Shutterstock are finalizing talks to merge into one company, the brands announced. On ...

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How Generative AI Is Transforming Financial Services And What It Means For Customers

Generative AI, including platforms like ChatGPT, is transforming industries by making processes simpler, more efficient and ...

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