Get the latest tech news
Getty Images and Shutterstock are merging into one stock photo powerhouse
Stock photo megamerger.
The merger will allow the companies to expand their stock photo libraries as they face increasing competition from AI-powered image creation tools. In the press release, Peters said the merger will bolster the companies by “enhancing our content offerings, expanding event coverage, and delivering new technologies to better serve our customers.” The decision to combine two stock photo powerhouses may also spur antitrust scrutiny, but it’s unclear how a more merger-friendly Trump administration will respond.
Or read this on The Verge