Getty Images Holdings, Inc.

Getty Images Holdings, Inc. has filed for Chapter 11 bankruptcy protection to implement a prepackaged plan of reorganization. This move is part of a broader financial restructuring that includes a significant equity investment from the Getty family and Koch Equity Development, as well as a substantial reduction in outstanding debt. The company states that operations will continue as usual, with no anticipated impact on employees, contributors, partners, or customers. The restructuring is expected to be completed by year-end, with Getty Images emerging as a privately held company.

Getty Images announced the launch of its Model Context Protocol (MCP) Server, designed to integrate its trusted, licensed visual content into AI-powered workflows and products. This new offering provides developers, enterprise technology teams, and AI platform builders with a standardized way to connect AI agents to Getty Images' extensive collection of creative, news, sport, entertainment, and archival visual content. The MCP Server complements existing API solutions by offering an AI-native approach, enabling customers to build richer AI experiences without compromising quality or trust.

Getty Images Holdings, Inc. reported a significant net loss of $85.8 million for Q2 2026, compared to a $34.4 million net loss in the prior year, on revenue of $229.1 million, a 2.5% decrease year-over-year. Adjusted EBITDA also declined by 8.4% to $62.3 million. The company experienced substantial negative free cash flow of $(122.6) million and ended the quarter with $51.6 million in cash and $2.1 billion in total debt. Additionally, Getty Images terminated its merger agreement with Shutterstock and withdrew its financial guidance, citing an ongoing evaluation of strategic financing alternatives and balance sheet management initiatives.

Getty Images reported a Q2 2026 net loss of $85.8 million on revenue of $229.1 million, a 2.5% decrease year-over-year. Annual subscription revenue grew to 58.8% of total revenue, indicating some underlying strength. The company also announced the termination of its merger agreement with Shutterstock, which led to the redemption of $628.4 million in Senior Secured Notes. Liquidity remains a concern, with net cash used in operating activities at $108.7 million and total debt at $2.1 billion, prompting the company to withdraw financial guidance and explore strategic financing alternatives.

Getty Images Holdings, Inc. announced its intention to release second quarter 2026 financial results after market close on Monday, August 10, 2026. This will be followed by a conference call at 4:30 p.m. ET on the same day, which will consist of prepared remarks only. Investors can access the call via phone or a live webcast on the company's investor relations website, with replays also available.

Getty Images Holdings, Inc. announced the appointment of Elizabeth Abrams and Thomas Walper to its Board of Directors, effective July 20, 2026. Ms. Abrams will also join the Audit Committee. Concurrently, Hilary Schneider resigned from the Board and its Audit and Compensation Committees to focus on other professional commitments. Additionally, the company engaged Guggenheim Securities, LLC as a financial advisor to evaluate strategic financing alternatives and balance sheet management initiatives.

Getty Images Holdings, Inc. announced an expanded content partnership with Goalhanger, a major independent podcast producer. This collaboration will support Goalhanger's growing investment in video-first storytelling by providing scalable access to Getty Images' extensive visual content collections. The partnership aims to enhance multi-platform content experiences by integrating trusted visuals with audio, building on their existing successful relationship.

Getty Images announced the launch of new single-seat Creative and Editorial image subscriptions. These plans aim to provide independent professionals and smaller customers with the same high-quality, subscription-based access to premium visuals previously enjoyed by top media organizations and corporations. The new offerings are designed to be simple, predictable, and provide access to AI-free, authentic, commercially ready imagery and editorial coverage.

Getty Images Holdings, Inc. announced the termination of its merger agreement with Shutterstock, Inc. The decision followed the U.K. Competition and Markets Authority's (CMA) condition for clearance, which required the sale of Shutterstock's editorial business. Getty Images' Board unanimously resolved not to proceed with this condition, leading to the termination of the agreement after July 6, 2026. Consequently, Getty Images' 10.500% senior secured notes due 2030 will be redeemed, and the company plans to retain a financial advisor to explore strategic financing alternatives.

Getty Images announced a display agreement with OpenAI, integrating its licensed content libraries into OpenAI's ChatGPT search and discovery experiences. This partnership will allow Getty Images' content to be displayed within ChatGPT, enhancing visual responses. CEO Craig Peters highlighted that high-quality, licensed visual content makes AI-powered search more useful and trustworthy, reflecting a shared vision with OpenAI.