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Economy · Seattle, Washington, United States · United States of America ·

Getty Images to file for Chapter 11 and go private

Visual media company Getty Images said it will file for Chapter 11 bankruptcy as part of a restructuring deal that will take it private.

Why it matters

The restructuring of one of the largest image libraries reflects pressure on traditional media businesses.

Background

Getty Images is a major supplier of stock and editorial photography to media worldwide. Stock imagery businesses have faced competition from cheaper alternatives and AI-generated images.

The story so far

  1. Getty Images to file for Chapter 11 and go private
  2. Getty Images to file for Chapter 11 and go private

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Sources

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