Getty images and Shutterstock announced $3.7 billion merger amid AI disruption in stock image industry
Two giants of the stock image industry, Getty Images and Shutterstock, are merging to create a $3.7 billion powerhouse built for the age of artificial
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.
Getty Images and Shutterstock to merge to form $3.7B stock photo giant
Getty Images is the bigger company of the two, and its shareholders will own approximately 54.7% of the new entity, while Shutterstock shareholders will own 45.3%. Getty Images also owns the iStock and Unsplash brands. The company will simply be called Getty Images.
Getty Stock Loses Shutterstock Merger Pop
Shares of Holdings dropped close to an all-time low, shedding gains made Tuesday after the company announced its merger with Shutterstock. The visual content company's stock was down more than 16% at $2.
Shutterstock Merges with Getty Images for $3.7 Billion
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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 likely to draw antitrust scrutiny.
Getty Images, Shutterstock shock the world with $3.7 billion merger deal
Getty Images announced that it would buy rival Shutterstock to create a $3.7 billion visual content company which is set to become a powerhouse in the industry.
Getty Images buying Shutterstock to create a $3.7 billion visual content company
The merger comes at a time when companies that use still images are facing increased competition from images generated by artificial intelligence.
Getty Images, Shutterstock merge to form $3.7B visual content powerhouse
The visual content industry is witnessing a seismic shift as Shutterstock and Getty Images, two of the biggest players in the field, announce their merger. The combined entity, valued at $3.7 billion,
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2 of the largest stock photo platforms are merging, sending their shares up
The combined company, which will be called Getty Images, will be worth $3.7 billion, Getty said on Tuesday.
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