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 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.
Getty Images and Agence France-Presse (AFP) have renewed their multi-year video partnership, enhancing global video coverage for creators. This collaboration, established in 2009, combines AFP's extensive network of video journalists with Getty's distribution capabilities. AFP operates from 260 locations worldwide, recognized for high editorial quality, while Getty serves over 1 million customers with unmatched content breadth. The partnership aims to meet the increasing demand for video as a primary information source, with Getty maintaining around 18.5 million video assets.
iStock, a global visual content leader, announced its inaugural Inclusion Grant to support underrepresented creators from the U.S., UK, LATAM, and Australia. The grant provides four recipients with $5,000 and mentorship to elevate their storytelling through photography and videography. The four winners are Malaika Muindi (U.S.), Mathushaa Sagthidas (UK), Natalia Ortiz Mantilla (LATAM), and Marley Morgan (Australia), each with a distinct focus on community representation. This initiative aligns with iStock's commitment to diversity and creative support.
Unsplash has launched a collection for 3D artists, now accepting 3D renders into its library. This move aligns with the growing demand for virtual and augmented reality assets, projected to reach nearly $300 billion by 2024. Co-Founder and CEO Mikael Cho emphasized the opportunity for creativity within this emerging market. Unsplash, acquired by Getty Images in 2021, continues to be a leader in high-resolution images, boasting over 2 billion downloads globally. The platform aims to support a vibrant community of creators by expanding its content offerings.
iStock has released five strategies for businesses to effectively engage customers through sports ahead of the Beijing 2022 Winter Games. Research indicates that 79% of consumers want sports access for all, prioritizing mental well-being over physical benefits. Key strategies include showcasing mental health discussions, promoting inclusivity, and representing female athletes authentically. This approach aims to create deeper connections between brands and consumers, especially in the evolving landscape of sports marketing.
Getty Images has announced its role as the Official Photographic Agency for the Olympic and Paralympic Winter Games Beijing 2022, set to capture over 1.5 million images from the event occurring from February 4 to February 20. A team of over 60 photographers and editors will utilize innovative technology, including remote editing capabilities and industry-leading robotic cameras. This initiative allows for real-time photo uploads, enhancing the immediacy of visual storytelling for audiences worldwide.
Getty Images, in collaboration with the Getty Family and Stand Together, has awarded a $500,000 grant to four Historically Black Colleges and Universities (HBCUs): Claflin University, Jackson State University, North Carolina Central University, and Prairie View A&M University. This funding will facilitate the digitization of up to 200,000 archival photographs, preserving vital HBCU history. The initiative includes a dedicated collection on Getty Images' platform, promoting accessibility and storytelling about these institutions. Revenue generated from the images will support scholarships and further grant initiatives.
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