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Getty Images files for Chapter 11 bankruptcy as debt mounts and AI-generated images disrupt stock photography

Getty Images, one of the world’s largest stock photography companies, filed for Chapter 11 bankruptcy protection on Wednesday, October 21, as mounting debt, a failed merger with rival Shutterstock, and growing competition from AI-generated images put pressure on its business. […]

The post Getty Images files for Chapter 11 bankruptcy as debt mounts and AI-generated images disrupt stock photography first appeared on Tech Startups.

Source: Tech Startups