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Getty Images, Shutterstock to Merge
7 January 2025
In an email to its customers today, Getty Images CEO Craig Peters announced plans to merge with Shutterstock under the name Getty Images Holdings, Inc.
The plans are subject to federal regulatory approval as well as stockholder approval, he noted. In the interim, "each company will continue to operate independently."
The text of the email follows:
To Our Customers,
As Getty Images approaches its 30th anniversary, we are excited to share some news with you: Getty Images and Shutterstock announced plans to merge under the corporate name of Getty Images Holdings, Inc.
The merger is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and the approval of Getty Images and Shutterstock stockholders. As a result, the merger is not closed, and each company will continue to operate independently in the interim, and it will be business as usual with respect to your relationship with Getty Images.
Once closed, we expect this merger to allow for simplified access across our combined offerings and increased investment in new content and coverage, in new asset types, in enhanced customer service and support and in new technologies and capabilities. All of this with the aim of providing you with the contents you need in a time and budget efficient manner and absent intellectual property risks.
In this period prior to close, nothing about your business relationship with Getty Images will change and you can continue to rely on the same high‑quality service and partnership you’ve come to expect from Getty Images. We are committed to keeping you informed throughout this process and ensuring a smooth transition. If you have any questions, please don’t hesitate to reach out to your usual sales contact.
Thank you for your continued trust and support. We are excited about the opportunities this merger brings to help you succeed and look forward to embarking on this next chapter together.
Warm regards,
Craig Peters
CEO, Getty Images