Getty Images said on October 12 that it has agreed a comprehensive restructuring with major financial stakeholders, using a prepackaged Chapter 11 plan to go private by the end of 2026. The package includes up to $533 million in new funding from the Getty family and Koch Equity Development, write-offs of $270 million in senior unsecured notes, and lower rates and extended maturities on other debt, while KED would provide up to $143 million more in restructuring financing; public shareholders' equity would be wiped out. The restructuring follows the July 7 termination of its roughly $3.7 billion merger with Shutterstock after UK regulators demanded a full editorial divestiture; 2025 revenue hit a record $981.3 million, up 4.5%, but net loss exceeded $200 million, and second-quarter 2026 revenue fell 2.5% to $229.1 million with a loss of $85.8 million. Generative AI has also hurt its licensing business: Getty sued Stability AI over training data, launched Generative AI by Getty Images with Nvidia, and signed multi-year content deals with Perplexity and OpenAI.

Getty Images·Shutterstock·Stability AI·+5