Getty Images, Shutterstock Announce $3.7 Billion Merger

The new company will be led by Getty Images CEO Craig Peters.

Craig Peters, CEO of Getty Images speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel in Dana Point, Calif., on Sept. 27, 2023. Jerod Harris/Getty Images for Vox Media

Getty Images and Shutterstock are merging to form a $3.7 billion media company.

On Jan. 7, Getty Images Holdings Inc. and Shutterstock Inc. announced they entered into a definitive agreement to combine in a “merger of equals transaction” that will create a “premier visual content company.”