Getty Images and Shutterstock Announce $3.7 Billion Merger

The merger aims to create a leading visual content company, addressing challenges from AI and evolving market demands.

Getty Images and Shutterstock will merge into a single entity valued at $3.7 billion, with Getty Images CEO Craig Peters leading the combined company.
The new company, to be called Getty Images Holdings, will trade on the NYSE under the ticker symbol 'GETY' and integrate both companies' extensive content libraries.
The merger is expected to achieve annual cost savings of $150 million to $200 million by the third year, while expanding investments in generative AI and content innovation.
Shutterstock shareholders will have the option to receive cash, Getty Images stock, or a mix of both as part of the deal, with Getty shareholders owning 54.7% of the combined company.
The merger faces potential antitrust scrutiny but is seen as a strategic response to competition from AI-driven tools and other stock media platforms.