Shutterstock and Getty Images will join to become a US$3.7 billion visual content company

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Visual content companies Shutterstock and Getty Images will join to become a US$3.7 billion visual content company.

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.

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. 'Together, what a great nation it would be': Donald Trump, Elon Musk react to Justin Trudeau's resignation

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Shutterstock and Getty Images will join to become a $3.7 billion visual content companyVisual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company.
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