Getty Images to File for Bankruptcy and Go Private After Failed Shutterstock Merger

Getty Images announced it will file for bankruptcy and become a private company following the collapse of its planned merger with Shutterstock. The company secured $533 million from the Getty family and Charles Koch’s investment firm to reduce debt and pursue a prepackaged Chapter 11 process in the coming weeks. The restructuring is expected to conclude by year‑end, with no anticipated impact on content contributors, partners, customers, or employees worldwide. Once the process is complete, Getty Images will operate as a privately held entity, continuing its image licensing business under new ownership.