Getty Images and Shutterstock announce merger to create premier visual content company

Getty Images Holdings, Inc. and Shutterstock have entered a definitive merger agreement to combine in a merger of equals, forming a visual content powerhouse with an enterprise value of approximately $3.7 billion. The combined entity will retain the Getty Images Holdings, Inc. name and trade under the ticker symbol “GETY” on the New York Stock Exchange.

The merger aims to offer an enriched content library, enhance opportunities for contributors, and foster innovation to meet the growing demand for visual content. Craig Peters, CEO of Getty Images, emphasized the transformative potential of the merger, highlighting its focus on delivering value to customers, contributors, and stockholders. Paul Hennessy, CEO of Shutterstock, echoed the sentiment, noting the enhanced creative content library and financial benefits for stakeholders.

The combined company projects significant financial synergies, including $150–$200 million in cost savings within three years post-close. Governance will see Craig Peters as CEO, with Mark Getty serving as Chairman. The deal awaits regulatory and shareholder approvals and is expected to close later this year.