After Getty Images announced plans for a $3.7 billion merger with competitor Shutterstock, photographers spoke about the ...
The combined company, which will be called Getty Images, will be worth $3.7 billion, Getty said on Tuesday.
The deal is expected to generate annual cost synergies of $150 million to $200 million by year three and to boost earnings and cash flow by year two.
Getty’s acquisition of Shutterstock could influence the future of creative assets. Learn its impact on SEO, content ...
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ...
Getty says that the merger will allow for a larger investment in “innovative content creation,” including generative AI, ...
Shutterstock, creating a $3.7 billion stock image giant. While the deal is expected to bolster the companies' position in the ...
Getty Images is the bigger company of the two, and its shareholders will own approximately 54.7% of the new entity, while ...
Getty Images and Shutterstock agreed to a merger, creating a more formidable competitor for Adobe as generative AI shifts the landscape. Shares of stock photography and footage provider ...
The two big players in the licensed visual content will pair up to counter threats from artificial intelligence tools like Midjourney.