Industry News: Getty Warns Over UK Operations if Shutterstock Deal is Blocked
Getty Images boss Craig Peters says the company would rethink the extent of its operations in the UK if the country's competition watchdog blocked its attempted takeover of US rival Shutterstock. Last month, the UK's Competition and Markets Authority referred the deal, which was announced in January, to an in-depth review, warning it could significantly reduce competition. Peters recently told the Financial Times that the CMA was overlooking how AI is reshaping the market for images. "This transaction is about taking a Shutterstock business that is in decline in terms of its licensing revenues and being impacted by AI, combining it with Getty and creating scale," he said.
Weekend Update: 12.04.2025
Friday, December 5, 6-9pm: Eliana Pérez | Ajar at PS109 Join the artist and friends for this pop-up exhibition at El Barrio’s Artspace PS109. This tapestry and book pairing that depicts the parasitic exploitation of migrants passing through El Tapón del Darién, the narrow land bridge connecting the Americas. See this alongside 3 of her other artist books, all detailing intractable challenges affecting her native country of Colombia, including: ...

