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.
Getty Images announced that CEO Craig Peters will participate in the J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA on May 24, 2022, hosting investor meetings and a fireside chat at 11:30 AM ET. On December 10, 2021, Getty Images entered a business combination agreement with CC Neuberger Principal Holdings II, aiming for its stock to be listed on the NYSE under the symbol GETY. The transaction has received board approvals and awaits customary closing conditions, including shareholder approval.
iStock has partnered with Epidemic Sound to launch iStock Music, a new service designed for small and medium-sized businesses. This integration provides over 35,000 tracks and 90,000 sound effects, making it easier for users to create engaging visual content at affordable prices. With tools like the iStock Video Editor and the Premium Plus Video subscription, businesses can now pair audio with video seamlessly. The service aims to simplify content creation while removing licensing concerns, thus enabling users to utilize high-quality audio across various platforms.
On May 9, 2022, five Getty Images photographers won prestigious awards at the 2022 Pulitzer Prize competition, particularly in the Breaking News Photography category. The awardees—Win McNamee, Drew Angerer, Spencer Platt, Samuel Corum, and Jon Cherry—were recognized for their impactful coverage of the January 6th attack on the U.S. Capitol. Getty Images VP, Pancho Bernasconi, praised the team’s dedication and skill, emphasizing the significance of their imagery in documenting critical events.
Getty Images has been named the Official Photographer of The Metropolitan Museum of Art’s Costume Institute Benefit, known as The Met Gala, for the fourth consecutive year. The event, taking place on May 2, gathers top talents from various industries, including fashion and entertainment. Getty’s photographers will capture the event’s highlights, providing exclusive imagery available for license on gettyimages.com. This year’s gala will celebrate the opening of In America: An Anthology of Fashion, emphasizing the contributions of unsung heroes in American design.
Getty Images has launched an Enhanced Model Release form, addressing data privacy and security advancements within the realms of AI and ML. Developed with the Digital Media Licensing Association, this new form clarifies how biometric and personal data from models can be ethically managed. Amid growing legal concerns over biometric data usage without consent, Getty aims to protect the rights of content creators and models alike. The Enhanced Model Release maintains simplicity while ensuring compliance with evolving regulations, thus future-proofing the industry.
Getty Images announced a virtual analyst day on March 17, 2022, starting at 8:00 a.m. ET. The event will be available via webcast on the investor relations website.
The company is in the process of a business combination with CC Neuberger Principal Holdings II, expected to culminate in Getty Images becoming publicly traded under the symbol GETY. This transaction has received approval from both boards and is awaiting shareholder consent from CC Neuberger.
iStock released new research indicating that 66% of women globally face body bias, primarily due to body shape and size. The study revealed that common reasons include being considered too heavy (46%) or too curvy (21%). However, there is a positive shift; the report notes a 7% decrease in reported body bias from 2020 to 2021. Dr. Rebecca Swift emphasized the importance of diverse representation in visual storytelling to improve consumer engagement. Key recommendations for businesses include representing larger body types authentically, promoting body positivity, and including women from all backgrounds.
Getty Images announced its upcoming presentation at the JMP Securities Technology Conference in San Francisco on March 7, 2022, at 9:30 AM PT. The event will include 1x1 investor meetings and will be available via a live webcast on the company's investor relations website. Concurrently, Getty is advancing its merger with CC Neuberger Principal Holdings II, expected to result in a publicly traded parent company under the ticker symbol GETY. This transaction has been unanimously approved by both boards, pending shareholder approval.
Getty Images launched the “Move the world” campaign on NBA TV, uniting its brands—Getty Images, iStock, and Unsplash. This campaign, running from February 14 to September 30, showcases two hero videos, “Look” and “Connection”, designed to inspire creativity and enhance communications for businesses. With over 1 billion views daily, Getty Images targets diverse clients, from entrepreneurs to global enterprises, emphasizing the importance of visuals in a digital world.
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