Getty Images Chapter 11 bankruptcy

    by Gigliola: Getty Images

    Chapter 11 is where Getty Images lands, and the debt bill is only part of it. Low-cost AI images kept chipping at the cheaper end of the stock photo catalog until that business stopped paying its way. Add a $3.7 billion Shutterstock merger that UK regulators wanted reworked, and the deal died. Getty says photographers and vendors still get paid on schedule and the doors stay open. M&M News

    Transcript (en)

    Getty images, apparently. Falling for bankruptcy. They had rising debt costs. And cheap AI-generated images have been eating into their low-end stock photo business. They had a planned $3.7 billion merger with Shutterstock, and that fell apart after UK regulators demanded changes. What did you see? Nothing I'm saying. It's hard to feel bad for them. when uh what's up why not uh they charge crazy prices for these images word word word word um i was gonna say because one of those two platforms is more of like a platform right and one of them i think is more like a how do i say that i mean they're all platforms but what i saying is like other people sell on the platform right which i don know if it just shutterstock or the other way around or whatever yeah there definitely some of that but the prices were just crazy even if there was like a i'm supporting an artist i'm sure i'd love to do that but the prices were just egregious it's crazy man crazy world i imagine a photographer could snap though go ahead sorry snap what do you mean like with ai images like you could just you would know how to do cool stuff i don't know i already said that we use them all the time in tv and film getty images word word word word word word interesting that's so interesting because i feel like i don't know i never really actually used those sites to be honest i guess it's probably because I could be being a better human being. So I guess RD says that they had some of the best prices. So an industry-wide thing, then I guess they're cooked. Anthropic lost $80 billion in six months. We talk about how the internet is messing with all of us all the time. So if you're into that kind of thing, definitely hit follow.