Getty Images and Shutterstock have received unconditional antitrust clearance from the U.S. Department of Justice for their proposed merger of equals. The companies expect to deliver substantial synergies across SG&A and CAPEX following close. They are awaiting final approval from the UK's Competition and Markets Authority, with a decision expected by April 19, 2026.

The global stock music market is projected to grow from $1.45 billion in 2024 to $2.40 billion by 2030 at a CAGR of 8.76%. North America leads with 50% market share, while Asia-Pacific is the fastest-growing region. Key growth drivers include AI-enhanced music creation, subscription models, and demand for culturally authentic soundscapes. Major platforms like Shutterstock, Epidemic Sound, and Artlist compete in an increasingly consolidated market, though oversupply and generic content pose challenges.

The UK's Competition and Markets Authority (CMA) has referred the proposed merger between Getty Images and Shutterstock to a Phase 2 review process, despite Getty Images offering comprehensive remedies to avoid the review.

Getty Images is pricing $628.4 million in senior secured notes to support its proposed merger with Shutterstock, with proceeds intended to pay cash consideration and refinance Shutterstock's debt.

Shutterstock reported strong Q2 2025 financial performance, with revenues of $267.0 million (up 21% year-over-year), net income of $29.4 million, and record levels in both revenue and adjusted EBITDA. The company also highlighted its pending merger with Getty Images.

Getty Images and Shutterstock, two leading photo-sharing companies, have announced that Shutterstock's shareholders have approved the merger of the two companies. The combined entity will be well-positioned to meet the evolving needs of customers through investments in content creation, event coverage, and product and technology innovation.

Shutterstock shareholders have approved the company's merger with Getty Images, with approximately 82% voting in favor. The transaction is expected to close in the second half of 2025, subject to regulatory approvals.

Getty Images and Shutterstock have each received a second request from the U.S. Department of Justice regarding their proposed merger, extending the waiting period for regulatory approval.

Halper Sadeh LLC is investigating the proposed sales of Logility Supply Chain Solutions, Enfusion, Intra-Cellular Therapies, and Shutterstock to determine if the transactions are fair to shareholders.

Brodsky & Smith is investigating several companies, including Enfusion, Intra-Cellular Therapies, Shutterstock, and H&E Equipment Services, regarding potential breaches of fiduciary duties by their boards in relation to proposed acquisitions.

Halper Sadeh LLC, an investor rights law firm, is investigating potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders related to the proposed sales of Shutterstock, Accolade, ESSA Bancorp, and Akoya Biosciences.

Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to the proposed sales of Shutterstock, EnLink Midstream, and Universal Stainless & Alloy Products.