Getty Images and Shutterstock to Merge in $3.7 Billion Deal Amid AI Competition

Jan 7, 2025, 12:58 PM

Getty Images and Shutterstock have agreed to merge, creating a premier visual content company valued at approximately $3.7 billion. The combined entity, which will continue under the Getty Images name with CEO Craig Peters at the helm, aims to consolidate their positions in the stock image industry amid rising competition from artificial intelligence. The merger announcement has led to Getty Images' stock soaring by 83%. The deal is expected to face antitrust scrutiny due to the significant consolidation in the market.