Getty "provides wire service photography and video to news outlets and businesses globally," while Shutterstock ...

The combined company, which will be called Getty Images, will be worth $3.7 billion, Getty said on Tuesday.

Getty and Shutterstock merge to combat industry decline, but there are hurdles that the combined company will need to clear.

are betting that the combination will help them cut costs and grow their business by unlocking more revenue opportunities at a time when the growing use of generative AI tools such as Midjourney poses ...

This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...

Getty Images is the bigger company of the two, and its shareholders will own approximately 54.7% of the new entity, while ...

Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ...

The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.

Getty Images and Shutterstock merge in a $3.7 billion deal to address booming demand for visual content. AI's growing influence in content creation is a driving factor behind the merger.

Getty Images announced that it would buy rival Shutterstock to create a $3.7 billion visual content company which is set to ...

Many people are in habit of venting to AI chatbots, but expert suggests that it's important to recognize when to draw the ...

Image licensing platforms like Getty and Shutterstock are facing significant competition from artificial intelligence photo generators. With the world's rapid advancements around AI, both ...