Shutterstock, Getty Images announce plans to merge

Stock photo companies, Getty Images and Shutterstock, have announced plans to merge.

Shutterstock announced the merger in a statement signed by the CEO, Paul Hennessy. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
“To our customers, as we start the New Year, we’re excited to share some news with you: Shutterstock and Getty Images have announced plans to merge,” Hennessy said.

“This news impacts Shutterstock and its family of brands including TurboSquid, Pond5, PremiumBeat, GIPHY and Envato.

Hennessy said once the transaction is closed, Shutterstock and Getty Images expect this merger to increase their ability to invest in new content, live coverage, technologies and capabilities, services, and support to meet the ever-changing needs of their large and small customers worldwide.

He said they also expect to provide their customers with simplified access to a larger range of diverse, high-quality, ethically-sourced licensable content to fuel their storytelling and the impact of their work.

“While we expect the merger to take some time to finalize, we wanted to keep you updated on the big news and reinforce that your current Shutterstock services and solutions will continue without interruption,” Hennessy said.

He explained that for now, Shutterstock and Getty Images remain independent companies and it is business as usual until closing.

“We are committed to keeping you informed as things progress and will continue to deliver the quality, value, and partnership you already know and expect from Shutterstock,” Hennessy said.

“If you have any questions, please don’t hesitate to reach out to your direct contact at Shutterstock or our support team.

“Thank you for the 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.”