Getty CEO Craig Peters says Getty may rethink its UK presence if the CMA blocks its Shutterstock deal, arguing the CMA is overlooking AI's impact on imaging
CEO says competition watchdog is overlooking how quickly AI is reshaping image generation — Getty Images boss Craig Peters …
The UK CMA says it will open an in-depth investigation into Getty and Shutterstock's proposed merger after their offered remedies did not fully address concerns
Raechel Thankam Job / Reuters :
Investors are increasingly divesting from companies they fear are at risk of AI disruption, like Wix and Shutterstock, which are down at least 30% in 2025
Artificial intelligence's imprint on US financial markets is unmistakable. Nvidia Corp. is the most valuable company in the world at nearly $4.5 trillion.
Getty Images Holdings and Shutterstock agree to merge in a deal that creates a $3.7B company; Getty CEO Craig Peters will remain CEO of the combined business
- Shutterstock shareholders get one of the following: $28.84 per share in cash ($1.03 billion based on Shutterstock's outstanding shares) …
Sources: Getty Images is exploring a merger with rival Shutterstock; Getty jumped 13% for a $983M market value, Shutterstock rose 7.9% for a $1.1B market value
www.bloomberg.com/news/article... X: David Clinch / @davidclinchnews : Getty has been looking for a way to sort out its complicated financial underpinning for years, this could provide the revenue and...
Shutterstock launches a “research license” for AI companies, starting with Lightricks, which will train its video model LTXV on Shutterstock's video library
Michael Nuñez / VentureBeat :
Shutterstock CEO Paul Hennessy says the company's licensing business with AI companies made $104M in revenue in 2023
Brody Ford / Bloomberg :
ElevenLabs launches Sound Effects, a tool that lets users generate sound effects via prompts and uses an in-house model fine-tuned on Shutterstock's audio data
ElevenLabs launches Sound Effects, a tool that lets users generate sound effects via prompts and uses an in-house model fine-tuned on Shutterstock's audio data
After launching tools for text-to-speech and speech-to-speech synthesis, AI voice startup ElevenLabs is moving to the next target.
While Adobe, Getty Images, Stability AI, and YouTube have pledged to share some generative AI profits with creators, none have shared specific payout amounts
not exactly an earth-shatting amount.” — https://techcrunch.com/... LinkedIn: Theo Priestley : On Shutterstock, the average payout for each image you have in their AI dataset is looking like $0.0078...