Shutterstock boss Paul Hennessy likewise hinted at technological innovation opportunities like A.I. in a brief statement. Getty Images and Shutterstock have each already been forced to respond to ...

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 ...

In total, Getty expects to pay $331 million plus 319.4 million shares of its stock to acquire Shutterstock. At today's share price, that works out to a valuation of about $1.35 billion on Shutterstock ...

Getty Images and Shutterstock will merge into one ... The launch of AI-driven programs like Canva have dramatically increased competition for Getty and Shutterstock, which both provide a bevy ...

The merger comes amid the rise of text-to-image AI tools from companies like OpenAI, Google, Microsoft, and Adobe. In 2023, Getty Images responded to the trend by launching an image generator ...