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Getty Images, Shutterstock

Getty Images and Shutterstock Are Merging. Here’s Why Photographers Are Less Than Thrilled

After Getty Images announced plans for a $3.7 billion merger with competitor Shutterstock, photographers spoke about the effects of the deal.

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.

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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.

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Getty Images buys rival Shutterstock to create "Premier Visual Content Company"

The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.

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Seattle’s Getty Images will buy Shutterstock, creating company worth $3.7B

Getty Images CEO Craig Peters will oversee the company formed following Getty's mergers with Shutterstock. (Getty Images ...

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