Getty Images

Summary

Getty Images Holdings, Inc. operates as a visual content creator and marketplace in the United States and internationally. It maintains privately-owned photographic archives covering approximately 160,000 news, sport, and entertainment events, as well as variety of subjects, including lifestyle, business, science, health and beauty, sports, transportation, and travel under the Getty Images, iStock, and Unsplash brands. The company also provides music licensing, and digital asset management and distribution services; and sells wall décor products. It serves largest enterprises, smallest businesses, and individual creators. The company was founded in 1995 and is based in Seattle, Washington.

History

In 1995, Mark Getty and chief executive officer Jonathan Klein co-founded Getty Investments LLC in London. Mark Getty is the company's chairman. In September 1997, Getty Communications, as it was called at the time, merged with PhotoDisc, Inc. to form Getty Images. The company relocated to Seattle two years later and expanded in the United States, reaching 2,000 employees by 2006. In April 2003, Getty Images entered into a partnership with Agence France-Presse to market each other's images.Getty Images acquired the Michael Ochs Archives in February 2007. The Michael Ochs Archives were described by The New York Times as "the premier source of musician photography in the world".In 2008, the private equity firm Hellman & Friedman acquired Getty Images for $2.4 billion. In 2012, H&F put Getty up for sale. As of the ensuing sale to Carlyle Group, the company was said to have an archive that included 80 million stills and illustrations. The company was acquired by the Getty family in 2018.

The company moved to its current headquarters, in the Union Station office complex in Seattle's International District, in 2011.In 2015, Jonathan Klein became the company's chairman and Dawn Airey was hired as chief executive officer of Getty Images. Airey remained in the role until 31 December 2018, at which time she became a non-executive director member of its board and Craig Peters was appointed CEO.In 2019, Getty Images introduced Market Freeze, simplifying exclusivity of rights-managed images. Later that year, it announced that due to customers' needs changing, it plans to phase out rights-managed imagery by 2020 in favor of royalty-free images.In December 2021, Getty Images announced its intention to become publicly traded once more through combination with CC Neuberger Principal Holdings II. In July 2022, the SPAC merger completed and the newly formed parent company of Getty Images went public on the New York Stock Exchange under the symbol GETY.

Mission

We are a leading provider of digital media worldwide, creating and distributing a range of assets – from royalty-free stock photography and editorial images to footage, music and multimedia – that help communicators around the globe tell their stories.

Vision

To be the global source of visual history, celebrating the vibrant and diverse cultures of our world.

References

https://en.wikipedia.org/wiki/Getty_Images

https://in.investing.com/equities/cc-neuberger-principal-holdings-ii

https://finance.yahoo.com/quote/GETY/profile?p=GETY

https://www.comparably.com/companies/getty-images/mission

https://www.crunchbase.com/organization/gettyimages

https://sec.report/CIK/0001898496

https://companiesmarketcap.com/

https://www.gettyimages.com