GETTY IMAGES HOLDINGS INC Stock Price, News & Analysis

Getty Images announced its upcoming presentation at the JMP Securities Technology Conference in San Francisco on March 7, 2022, at 9:30 AM PT. The event will include 1x1 investor meetings and will be available via a live webcast on the company's investor relations website. Concurrently, Getty is advancing its merger with CC Neuberger Principal Holdings II, expected to result in a publicly traded parent company under the ticker symbol GETY. This transaction has been unanimously approved by both boards, pending shareholder approval.

Getty Images launched the “Move the world” campaign on NBA TV, uniting its brands—Getty Images, iStock, and Unsplash. This campaign, running from February 14 to September 30, showcases two hero videos, “Look” and “Connection”, designed to inspire creativity and enhance communications for businesses. With over 1 billion views daily, Getty Images targets diverse clients, from entrepreneurs to global enterprises, emphasizing the importance of visuals in a digital world.

Getty Images and Agence France-Presse (AFP) have renewed their multi-year video partnership, enhancing global video coverage for creators. This collaboration, established in 2009, combines AFP's extensive network of video journalists with Getty's distribution capabilities. AFP operates from 260 locations worldwide, recognized for high editorial quality, while Getty serves over 1 million customers with unmatched content breadth. The partnership aims to meet the increasing demand for video as a primary information source, with Getty maintaining around 18.5 million video assets.

iStock, a global visual content leader, announced its inaugural Inclusion Grant to support underrepresented creators from the U.S., UK, LATAM, and Australia. The grant provides four recipients with $5,000 and mentorship to elevate their storytelling through photography and videography. The four winners are Malaika Muindi (U.S.), Mathushaa Sagthidas (UK), Natalia Ortiz Mantilla (LATAM), and Marley Morgan (Australia), each with a distinct focus on community representation. This initiative aligns with iStock's commitment to diversity and creative support.

Unsplash has launched a collection for 3D artists, now accepting 3D renders into its library. This move aligns with the growing demand for virtual and augmented reality assets, projected to reach nearly $300 billion by 2024. Co-Founder and CEO Mikael Cho emphasized the opportunity for creativity within this emerging market. Unsplash, acquired by Getty Images in 2021, continues to be a leader in high-resolution images, boasting over 2 billion downloads globally. The platform aims to support a vibrant community of creators by expanding its content offerings.

iStock has released five strategies for businesses to effectively engage customers through sports ahead of the Beijing 2022 Winter Games. Research indicates that 79% of consumers want sports access for all, prioritizing mental well-being over physical benefits. Key strategies include showcasing mental health discussions, promoting inclusivity, and representing female athletes authentically. This approach aims to create deeper connections between brands and consumers, especially in the evolving landscape of sports marketing.

Getty Images has announced its role as the Official Photographic Agency for the Olympic and Paralympic Winter Games Beijing 2022, set to capture over 1.5 million images from the event occurring from February 4 to February 20. A team of over 60 photographers and editors will utilize innovative technology, including remote editing capabilities and industry-leading robotic cameras. This initiative allows for real-time photo uploads, enhancing the immediacy of visual storytelling for audiences worldwide.

Getty Images, in collaboration with the Getty Family and Stand Together, has awarded a $500,000 grant to four Historically Black Colleges and Universities (HBCUs): Claflin University, Jackson State University, North Carolina Central University, and Prairie View A&M University. This funding will facilitate the digitization of up to 200,000 archival photographs, preserving vital HBCU history. The initiative includes a dedicated collection on Getty Images' platform, promoting accessibility and storytelling about these institutions. Revenue generated from the images will support scholarships and further grant initiatives.

Multiply Group has signed a binding commitment to invest an additional $75 million in CC Neuberger Principal Holdings II, bringing the total PIPE proceeds for Getty Images to $225 million. This investment values Getty Images at an enterprise value of $4.8 billion and is part of a business combination with CC Neuberger. The transaction will list Getty Images on the NYSE under the symbol GETY, with an anticipated closing in the first half of 2022. The total capital commitments for the deal now stand at $875 million.