The two largest stock photo companies in the world, Getty Images and Shutterstock, have announced they are merging to create a company with an expected valuation of $3.7 billion.
Combined, Getty and Shutterstock have hundreds of millions of images available for licensing purposes. News media, ad agencies, and filmmakers all license content from Getty and Shutterstock. The two companies represent thousands of photographers, many of whom rely on them for income.writes one Redditor
Getty Images CEO Craig Peters says “there has never been a better time for our two businesses to come together.” Peters will remain in his role at the helm of the combined businesses.
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