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Getty Images, Shutterstock
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.
Getty Images and Shutterstock are merging into one stock photo powerhouse
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.
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.
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Shutterstock and Getty Merge to Meet AI Challenge in $3.7 Billion Deal
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The Getty-Shutterstock merger: A new era for image SEO and licensable content
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Getty images and Shutterstock announced $3.7 billion merger amid AI disruption in stock image industry
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What's Happening With Adobe Stock?
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Getty and Shutterstock agree $3.7bn merger
Getty was founded in 1995 while
Shutterstock
began life in 2003. The companies have so far taken different approaches to the arrival of generative
AI. Shutterstock
signed a six-year agreement with ...
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Should you use AI chatbots for mental health support? Expert explains where to draw the line
Many people are in habit of venting to AI chatbots, but expert suggests that it's important to recognize when to draw the ...
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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 ...
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Wallace and Gromit and the need for AI regulation
The Wallace and Gromit films have always featured inventions and technology and the new instalment, Vengeance Most Fowl is no ...
Hosted on MSN
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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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