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Getty Images, Shutterstock
2 of the largest stock photo platforms are merging, sending their shares up
The combined company, which will be called Getty Images, will be worth $3.7 billion, Getty said on Tuesday.
Getty Images and Shutterstock are merging into one stock photo powerhouse
Shutterstock are joining forces in a merger valued at around $3.7 billion, the companies announced on Tuesday. The merger will allow the companies to expand their stock photo libraries as they face increasing competition from AI-powered image creation tools.
Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger
Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared for the artificial intelligence era, in a deal that would likely draw antitrust scrutiny.
19h
Getty Images And Shutterstock: Merging Two Sinking Ships Is Probably Not The Solution
We warn of disruption in the stock photo market as Getty Images and Shutterstock plan a risky merger with potential drawbacks ...
Cryptopolitan on MSN
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Getty images and Shutterstock announced $3.7 billion merger amid AI disruption in stock image industry
Two giants of the stock image industry, Getty Images and Shutterstock, are merging to create a $3.7 billion powerhouse built ...
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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.
2d
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 ...
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on MSN
Getty Images, Shutterstock agree to merge in $3.7B deal as AI competition heats up
News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a ...
2d
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 ...
2d
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, ...
2d
Should you use AI chatbots for mental health support? Expert explains the fine line of using AI chatbots
Many people are in habit of venting to AI chatbots, but expert suggests that it's important to recognize when to draw the line and seek professional support.
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