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

Getty Images to file for Chapter 11 and go private

Getty Images said it will file for Chapter 11 bankruptcy. The filing is part of a restructuring deal under which the company will go private.

Why it matters

The restructuring of a major photo library highlights the strain on image licensing businesses as AI changes visual media.

Background

Getty Images is one of the world's largest suppliers of stock and editorial photography. It has also been in legal disputes with AI firms over the use of its images to train models.

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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