Two of the world's largest picture agencies, Getty Images and Shutterstock, announced plans to merge on Tuesday in a move that will create a giant in the visual content sector.
In a dramatic premarket surge, Holdings Inc. (NYSE: GETY) saw its stock skyrocket by +47.47% to $3.79 after news of a definitive merger agreement with Shutterstock (NYSE: SSTK). This unexpected spike ...
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 ...