Welcome to our dedicated page for Getty Images Holdings news (Ticker: GETY), a resource for investors and traders seeking the latest updates and insights on Getty Images Holdings stock.
Getty Images Holdings, Inc. (NYSE: GETY) is a global leader in visual content creation and distribution. The company provides comprehensive visual content solutions through its brands Getty Images, iStock, and Unsplash. With a mission to enhance engagement through top-tier creative and editorial visual content, Getty Images serves customers in nearly every country across the globe.
Founded on nearly three decades of visual consultancy, Getty Images has evolved to integrate cutting-edge technology, including artificial intelligence and machine learning, into its platform. This advancement enhances their search functionality, image editing, and integrated APIs, making them the go-to source for diverse and inclusive content.
The company operates in various regions including the Americas, Europe, the Middle East, Africa, and Asia-Pacific, with the bulk of its revenue generated from the Americas. They cover more than 160,000 news, sports, and entertainment events yearly, providing unmatched breadth and depth of coverage.
Getty Images recently announced a multi-year partnership with the United Football League (UFL) to deliver exclusive high-quality imagery from every game. They are also the official photographer or photographic partner to 125 of the world's leading sports governing bodies, leagues, and clubs, including FIFA, NBA, and the International Olympic Committee.
Moreover, Getty Images continues to innovate in capturing major global events. For instance, they will deploy a team of 140 photographers and editors to cover the Olympic Games Paris 2024, using new technologies to capture unique angles and real-time images for a global audience.
Their commitment to authenticity extends to the adoption of generative AI technologies, allowing customers to create commercially safe visuals. With over 557,000 contributors and 320 content partners, Getty Images maintains one of the largest privately-owned photographic archives, providing a rich historical context for modern visual storytelling.
In recent financial developments, Getty Images has shown resilience and adaptability, focusing on key performance indicators to drive shareholder return and customer satisfaction.
On August 2, 2022, iStock shared insights on enhancing SEO through effective use of stock imagery and videos. Matthew O’Such, VP of SEO, emphasized that high-quality visuals are crucial for improving search rankings. Key strategies include using authentic stock visuals, high-resolution images, descriptive metadata, structured data integration, and a data-driven approach to content selection. A report cited that 61% of B2B decision-makers and 87% of retail shoppers begin their searches online, highlighting the significance of optimized images for customer engagement and visibility.
Getty Images has announced the recipients of its annual Inclusion Grants, awarding a total of US$40,000 to eight emerging photojournalists from underrepresented groups. Each recipient receives $5,000 to support their editorial work across various specialties, including News, Sports, Arts & Entertainment, and Multimedia. This initiative, developed in partnership with Women Photograph and Diversify Photo, aims to promote diversity in media and has contributed over US$2.4 million to visual storytellers globally.
Getty Images Holdings, Inc. (NYSE: GETY) plans to release its second quarter results on August 10, 2022, after market close. A conference call to discuss these results will take place at 5:00 p.m. Eastern Time the same day. Investors can access the conference call via phone or through a live webcast on the company's Investor Relations website. Getty Images is a leading global visual content creator, serving customers worldwide through its brands including Getty Images, iStock, and Unsplash.
Getty Images announced that its common stock will begin trading on the New York Stock Exchange under the symbol GETY starting July 25, 2022, following a successful merger with CC Neuberger Principal Holdings. CEO Craig Peters emphasized the company's commitment to providing unique visual content and insights for customers. The company plans to ring the NYSE opening bell on August 15 to celebrate this milestone. The merger aims to enhance Getty's growth in the creative economy, leveraging its extensive network of contributors and premium content partners.
CC Neuberger Principal Holdings II (NYSE: PRPB) announced shareholder approval for its business combination with Getty Images on July 19, 2022. The merger is expected to close on July 22, 2022, and shares will trade under the symbol "GETY" starting July 25, 2022. The transaction, initially announced earlier, aims to leverage Getty Images' extensive visual content marketplace. CEO Craig Peters expressed optimism about the merger, highlighting the company's unique content offerings and technology.
Getty Images, in collaboration with Dove, has announced the winners of the #ShowUs Grant, titled Beauty Has No Age Limit, awarding two photographers $5,000 each to challenge stereotypes surrounding women and aging. Launched on the third anniversary of Project #ShowUs, these grants aim to showcase the diverse experiences of women over 50. Winners Irene Baqué and Virginia Kluiters expressed gratitude for the opportunity to explore their projects, with support from industry leaders and access to a royalty rate for licensing their work. Getty Images has provided over $2.4 million in grants since 2004.
Getty Images has launched the Black History & Culture Collection, offering free access to historical and cultural images from the African/Black Diaspora, dating from the 19th century to today. This initiative aims to support educators, researchers, and content creators in sharing untold stories around Black culture. The collection is curated in collaboration with notable historians and is not intended for revenue-generating projects. This initiative is part of Getty's broader commitment to diversity and inclusion.
iStock, a leading e-commerce platform, has launched VisualGPS Insights, a unique interactive tool designed for small and medium-sized businesses to enhance their visual content strategies. This industry-first dashboard analyzes real-time search and download data to provide valuable insights.
Key features include tracking interest over time, regional comparisons, and identifying popular visuals across industries. The tool is free for registered users and aims to help businesses make data-driven decisions and improve marketing effectiveness.
Getty Images has launched VisualGPS Insights, a groundbreaking interactive tool allowing businesses to analyze over 2.5 billion annual search and download queries from GettyImages.com and iStock. This innovative platform provides data-driven visual guidance for content strategy, enabling users to view trends through graphs, charts, and heat maps. It aims to bolster creative decision-making by showing industry interest, regional trends, and popular visuals. The tool is available for free to registered customers, enhancing their ability to make informed creative choices.
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