NEW YORK (AP) — Getty Images is buying Shutterstock to create a $3.7 billion visual content company.
The merger comes at a time when companies that use still images are facing increased competition from images generated by artificial intelligence.
The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader array still imagery, video, music, 3D and other media.
“With the rapid rise in demand for compelling visual content across industries, there has never been a better time for our two businesses to come together," Getty Images CEO Craig Peters said in a prepared statement.
Peters will serve as CEO of the combined business.
“We are excited by the opportunities we see to expand our creative content library and enhance our product offering to meet diverse customer needs,” Shutterstock CEO Paul Hennessy said.
Getty Images shareholders will own about 54.7% of the combined company at closing and Shutterstock stockholders will own approximately 45.3%.
Shutterstock shareholders can choose to receive either approximately $28.85 per share in cash for each share of Shutterstock common stock they own; about 13.67 shares of Getty Images common stock for each share of Shutterstock common stock they own; or a mixed consideration of 9.17 shares of Getty Images common stock plus $9.50 in cash for each share of Shutterstock common stock they own.
The combined company will operate as Getty Images, and will continue to trade on the New York Stock Exchange under the ‘GETY’ ticker symbol.
Its board will have 11 members, comprised of Peters, six directors designated by Getty Images and four directors designated by Shutterstock, including Hennessy. The chairman will be Mark Getty, current chairman of Seattle-based Getty Images.
Shares of New York-based Shutterstock jumped more than 30% before the market opened, while Getty Images' stock soared more than 58%.
FILE - A sign for the Seattle office of Getty Images Inc., is shown Monday, Feb. 25, 2008, in Seattle. (AP Photo/Ted S. Warren, File)
FILE - A sign for the Seattle office of Getty Images Inc., is shown Monday, Feb. 25, 2008, in Seattle. (AP Photo/Ted S. Warren, File)
SACRAMENTO, Calif. (AP) — Kawhi Leonard scored 31 points, grabbed nine rebounds and had seven assists to lead the Los Angeles Clippers to a 114-111 victory over Sacramento on Friday night, sending the Kings to their 11th straight loss.
John Collins added 22 points and Brook Lopez and Kris Dunn each had 15 for the Clippers, who ended a two-game skid.
Darius Garland, acquired from Cleveland earlier in the week, remained out. He hasn’t played since Jan. 14 because of a sprained big toe on his right foot.
Malik Monk had 18 points to lead Sacramento, which hasn't won since beating Washington at home on Jan. 16. Nique Clifford had 16 points and Dylan Cardwell and Devin Carter each had 14 for the Kings. De'Andre Hunter, also acquired from the Cavaliers this week, had six points in his second game for Sacramento.
The Clippers went into halftime trailing 49-48, but took the lead for good with 9:50 left in the fourth quarter on a 3-pointer from Lopez to make it 86-84.
Clippers: At Minnesota on Sunday.
Kings: Host Cleveland on Saturday night.
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AP NBA: https://apnews.com/hub/NBA
Sacramento Kings guard Zach LaVine (8) draws the foul on Los Angeles Clippers forward Derrick Jones Jr. (5) during the first half of an NBA basketball game Friday, Feb. 6, 2026, in Sacramento, Calif. (AP Photo/Sara Nevis)
Sacramento Kings guard Russell Westbrook (18) draws the foul on Los Angeles Clippers center Brook Lopez, right, during the first half of an NBA basketball game Friday, Feb. 6, 2026, in Sacramento, Calif. (AP Photo/Sara Nevis)
Sacramento Kings guard Nique Clifford, right, goes up to shoot with Los Angeles Clippers forward Derrick Jones Jr. defending during the first half of an NBA basketball game Friday, Feb. 6, 2026, in Sacramento, Calif. (AP Photo/Sara Nevis)
Los Angeles Clippers forward Kawhi Leonard (2) attempts to shoot around Sacramento Kings center Dylan Cardwell, center, during the first half of an NBA basketball game Friday, Feb. 6, 2026, in Sacramento, Calif. (AP Photo/Sara Nevis)
Sacramento Kings guard Nique Clifford, center, goes up to shoot between Los Angeles Clippers forwards John Collins (20) and Derrick Jones Jr., right, during the first half of an NBA basketball game Friday, Feb. 6, 2026, in Sacramento, Calif. (AP Photo/Sara Nevis)
