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Getty Images and Shutterstock to merge to form $3.7B stock photo giant
Getty Images has announced plans to merge with its rival Shutterstock in a cash-and-stock deal. The combined entity is expected to be valued at $3.7
This content is commonly used by news organizations, film and documentary makers, ad agencies, marketing firms and more. Today’s move comes at a crucial time as artificial intelligence is about to shake things up for the stock image industry. “Today’s announcement is exciting and transformational for our companies, unlocking multiple opportunities to strengthen our financial foundation and invest in the future—including enhancing our content offerings, expanding event coverage, and delivering new technologies to better serve our customers,” Getty Images CEO Craig Peters (pictured above) said in a statement.
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