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Getty Images Buys Shutterstock For $3.7 Billion
Shutterstock and Getty: A $3.7 Billion Visual Content Giant
Visual content developers and entertainment and media investors were elated when Shutterstock (NYSE: SSTK) and Getty Images (NYSE: GETY) announced that they were merging. This $3.7 billion deal will combine two of the biggest names in stock photography,
Shutterstock and Getty Merge to Meet AI Challenge in $3.7 Billion Deal
The two big players in the licensed visual content will pair up to counter threats from artificial intelligence tools like Midjourney.
The Future Of Stock Media After Getty And Shutterstock Join Forces
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ticker symbol "GETY." Craig Peters, current CEO of Getty Images, will lead the merged entity, while Shutterstock's CEO Paul Hennessy will join the eleven-member Board of Directors.
1d
What's Happening With Adobe Stock?
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...
6h
Getty Deal Is Picture-Perfect M&A For 2025
Getty Images’ $3.7 billion merger, including debt, with rival stock image seller Shutterstock is a picture-perfect template ...
3h
Wallace and Gromit and the need for AI regulation
The Wallace and Gromit films have always featured inventions and technology and the new instalment, Vengeance Most Fowl is no ...
24/7 Wall St
6h
Here's Why BigBear.AI (BBAI) Stock Collapsed 16% Yesterday
BigBear.ai (NASDAQ:BBAI) fell for the third consecutive day, but the losses accelerated as BBAI stock crumpled 16.2%. The ...
agdaily
7h
Scientists leverage AI in methane mitigation strategies for ag
USDA and ISU scientists used AI to find safer alternatives to bromoform for reducing cow methane emissions. AI models ...
cybernews
9h
AI in screenings improves breast cancer detection rate
Breast cancer detection is getting a boost from AI. Researchers have found that the use of the technology in screenings increased the chance of uncovering the disease.
CIO
11h
Chief data officers step into the business strategist spotlight
The CDO role is quickly evolving as companies seek to capitalize on AI and data literacy. Seven data chiefs shed light on ...
24/7 Wall St
1d
Advanced Micro Devices Inc. (AMD) Price Prediction and Forecast 2025-2030
According to PC Gamer, “The AMD Ryzen 7 7800X3D is simply the best gaming CPU around right now. It’s certainly the best ...
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