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Getty Images announced it will file for Chapter 11 bankruptcy on Oct. 12. The restructuring deal includes up to $533 million in new funding and $270 million in debt forgiveness, with reduced interest and extended repayment terms. The company will become privately owned.

Getty Images plans to file for Chapter 11 bankruptcy and return to private ownership under a deal backed by the Getty family and Koch Equity Development. The agreement includes up to $533 million in new equity investment and debt restructuring, aiming to strengthen the company's balance sheet. The process is expected to complete by the end of 2026 and will not affect operations, according to the company.

Getty Images announced a prepackaged Chapter 11 restructuring and plans to delist from the stock market, becoming a private company. The move follows a failed merger with Shutterstock, which led to significant legal and debt costs. Net interest expense rose from $131 million to $198 million over the last 12 months. While AI has impacted its iStock business, revenues in editorial photography have increased.

Getty Images plans to file for Chapter 11 bankruptcy as part of a US$533m restructuring. The company has secured agreements with stakeholders to reduce debt and extend maturities. The Getty family and Koch Equity Development will invest in new equity, making it a privately held company upon completion. The restructuring is expected to finish by the end of 2026 and should not affect operations.

Getty Images filed for Chapter 11 bankruptcy to reduce $2.1B debt, delist, and return to private ownership. The Getty family and Koch Equity Development will invest up to $533M. The move follows a failed merger with Shutterstock and pressure from AI-generated images. Getty expects to complete the restructuring by year-end, with operations continuing as usual.

Getty Images plans to go private via a Chapter 11 bankruptcy process, backed by a $533M investment from the Getty family and Koch Inc. The company expects no impact on operations or employees, but anticipates reduced revenue from its iStock division. Getty's debt stands at $2.1B, with a market valuation of $21M. The move follows the collapse of a ShutterStock deal and competition from AI imagery, according to Reuters.