Getty Images and Shutterstock merging

I just received this email,

To Our Customers,

As Getty Images approaches its 30th anniversary, we are excited to share some news with you: Getty Images and Shutterstock announced plans to merge under the corporate name of Getty Images Holdings, Inc.

The merger is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and the approval of Getty Images and Shutterstock stockholders. As a result, the merger is not closed, and each company will continue to operate independently in the interim, and it will be business as usual with respect to your relationship with Getty Images.

Once closed, we expect this merger to allow for simplified access across our combined offerings and increased investment in new content and coverage, in new asset types, in enhanced customer service and support and in new technologies and capabilities. All of this with the aim of providing you with the contents you need in a time and budget efficient manner and absent intellectual property risks.

In this period prior to close, nothing about your business relationship with Getty Images will change and you can continue to rely on the same high‑quality service and partnership you’ve come to expect from Getty Images. We are committed to keeping you informed throughout this process and ensuring a smooth transition. If you have any questions, please don’t hesitate to reach out to your usual sales contact.

Thank you for your 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.

Warm regards,

Craig Peters
CEO, Getty Images

One big difference between these two services has been that Getty have a huge catalog of images that can only be licensed for editorial use, unlike the generally more permissive licenses for traditional stock photography.

Getty have (mainly) been the place for news images, historical images, celebrities etc. while Shutterstock models have signed releases to allow the re-use of their images in accordance with the terms. So, basically two product groups, but of course, another example of the continued concentration of power.