Getty and Shutterstock merge to combat industry decline, but there are hurdles that the combined company will need to clear.
Tuesday after the company said it plans to merge with rival stock photography service Shuttershock. Shares of the visual content marketplace were up 83% to $4.70 after announced that it had entered ...
Getty "provides wire service photography and video to news outlets and businesses globally," while Shutterstock ...
Shutterstock CEO Paul Hennessy said the merger with Getty Images provides an opportunity to "meet diverse customer needs.” ...
The rise of AI-generated content poses a potential long-term threat to the traditional stock photography business model. While both Getty Images and Shutterstock are investing in AI, the rapid ...
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 ...
Shares of stock photography and footage provider Shutterstock (NYSE:SSTK) jumped 9.3% in the afternoon session after Bloomberg reported that the company (SSTK) is discussing a potential merger ...
Two of the world's largest picture agencies, Getty Images and Shutterstock ... A major provider of stock photography worldwide, Getty Images was first floated on the stock market in 1996 before ...
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 ...
Getty Images GETY5.74%increase; green up pointing triangle Holdings and stock-photo rival Shutterstock SSTK 3.18%increase; green up pointing triangle are merging to form a company worth about $3.7 ...
Getty Images and Shutterstock will merge to create a giant company focused on photos and other visual content ... will continue trading on the New York Stock Exchange under the ticker symbol ...