Getty "provides wire service photography and video to news outlets and businesses globally," while Shutterstock
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.
AI generators are producing lifelike images, sparking legal debates over copyright, deepfakes, and the ethical implications for creators.
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.
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.
The giant commercial photo and video providers are grappling with the emergence of artificial intelligence tools that have flooded the internet with AI-created images. By Erik Hayden Executive Editor, Business Getty Images and Shutterstock, two of the ...
Understanding how to leverage AI effectively to develop images is a key challenge. Grant Farhall, Chief Product Officer at Getty Images, shares insight on best practices.
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,
A french woman was scammed out of over $800K by someone pretending to be Brad Pitt• Scammer DM'd her on Instagram and convinced her with AI-generated videos and edited images• She divorced her husband thinking they would get together• Scammer convinced her his bank… pic.twitter.com/VWD3RtvIO3
AI compute is the key to global power, driving economic, technological, and military dominance. The race to shape the AI future is accelerating.
The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.
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.