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.
Announced at CES 2025, the collaboration will give Defined.ai users access to Getty Images' content, allowing customers to train AI models with premium, vetted datasets that compensate creators. SEATTLE,
Getty Images and Shutterstock will merge into one company valued at $3.7 billion in a deal that aims to take on competition from AI, the companies announced on Tuesday. The new premier visual content company will be called Getty Images Holdings, Inc. and at close, Getty Images’s CEO, Craig Peters, will serve as CEO of the combined company.
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 share on Monday.
Getty Images’ $3.7 billion merger, including debt, with rival stock image seller Shutterstock is a picture-perfect template for more deals.
The senior in high school, who cannot be named, allegedly used images from social media along with artificial intelligence to create pornographic photos of female students. A deepfake is digitally created or generated content that can portray someone doing something that never happened.
The question is taking on new relevance after the Las Vegas Cybertruck explosion and the editing of school shooting videos to evade content filters.
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,
Typically, it takes Americans about 4,000 swipes over an eight month period to find a partner on a dating app, according to one 2023 survey. Pew Research Center found that 46 percent of dating app users said their experiences on dating apps have been overall very or somewhat negative.
We explore the shifting priorities in tech and how CES 2025 isn't just about what is unveiled in Vegas but who and what is missing. The show floors of CES in Vegas have a long history of being filled with gimmicky tech destined to fail or never see the light of day.
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, January 7.