GETTY IMAGES HOLDINGS INC Stock Price, News & Analysis

Getty Images Holdings, Inc. (NYSE: GETY), a leading global visual content creator and marketplace, has announced its plans to release second quarter 2024 financial results after market close on Friday, August 9, 2024. The company will host a conference call to discuss these results on Monday, August 12, 2024, at 8:30 a.m. Eastern Time.

Interested parties can access the call via phone or webcast. The conference call dial-in numbers are 1-800-245-3047 (US) and 1-203-518-9765 (international), with the conference ID: GETTYQ2. An audio replay will be available for two weeks after the call. The webcast will be accessible through the Investor Relations section of Getty Images' website and will also be available for replay following the call.

Rakower Law PLLC has initiated five new lawsuits against Getty Images Holdings, Inc. (NYSE: GETY) on behalf of public warrant holders. These suits allege that Getty Images wrongly prevented warrant exercise on August 22, 2022, falsely claiming an SEC Form S-2 resale registration statement was required. This follows a previous case where Rakower Law won over $51 million in damages for plaintiffs. The new cases include Lapp v. Getty Images Holdings, Inc., Funicular Funds, LP v. Getty Images Holdings, Inc., and MPF Broadway Convexity Fund I, LP, et ano v. Getty Images Holdings, Inc. Rakower Law encourages affected warrant holders to contact them.

Getty Images (NYSE: GETY) is set to host a generative AI prompt challenge at the Cannes Lions festival on June 20, 2024, in collaboration with NVIDIA. The event will feature contestants from Getty Images, NVIDIA, and TikTok competing to generate the best AI-created image, with the audience voting for the winner. This interactive showdown aims to highlight the capabilities of Getty Images' generative AI tool, built using NVIDIA's Edify model architecture and trained on Getty Images' exclusive creative content. The event will showcase the fusion of human creativity and advanced AI technology, providing attendees with a unique, real-time demonstration of AI-driven image generation.

Getty Images (NYSE: GETY) has been appointed as the official photographic agency for UEFA EURO 2024, held in Germany from June 14 to July 14, 2024.

A team of over 50 photographers will cover the event across ten cities, capturing everything from team portraits to on-field action and fan atmospheres.

This exclusive access includes pitch-side and behind-the-scenes shots, providing high-quality content for customers, UEFA partners, and fans worldwide.

Getty Images' long-standing relationship with UEFA, along with their expertise in sports photography, positions them uniquely to deliver impactful imagery for the tournament.

iStock has unveiled new research offering guidance for small and medium-sized businesses (SMBs) on leveraging AI-generated images in marketing. The study, conducted via iStock's VisualGPS insights platform, surveyed over 30,000 adults across 25 countries. Key findings reveal that nearly 90% of people want transparency regarding AI-created images, and 82% distrust social media, highlighting the challenge for businesses to connect authentically. Authenticity is crucial, with 98% agreeing that 'authentic' images build trust. The research suggests businesses consider the type of imagery and its alignment with audience and goals, ensure transparency, and use legally safe AI tools to enhance marketing efforts.

On June 4, 2024, Getty Images (NYSE: GETY) announced an exclusive global content partnership with Condé Nast. This renewed collaboration will represent and license over 25,000 images from Condé Nast's extensive archive, dating back to 1892.

The partnership combines Getty Images' expertise in archival management with Condé Nast's renowned fashion archives, including work from famed photographers and illustrators such as Arthur Elgort and Edward Steichen. The content will be available on Getty Images' platform, serving a global audience across numerous countries.

Getty Images (NYSE: GETY) has been announced as the Official Photographer for the 2024 Tribeca Festival, marking their fifteenth consecutive year in this role. From June 5-16, 2024, their award-winning photographers will capture exclusive high-quality imagery from the event, including red carpet premieres, film screenings, and parties.

Additionally, Getty Images will provide high-end portraits of festival talent and creators, distributed exclusively through gettyimages.com. They will also cover the first-ever De Niro Con from June 14-16, a tribute to Robert De Niro.

Getty Images' content creators are present at nearly 70,000 entertainment events annually, partnering with major brands globally. This long-standing partnership reinforces Getty Images' commitment to visual storytelling and high-quality content creation.

FILMPAC, a leader in premium stock footage and production services, has announced a partnership with Getty Images to distribute its latest high-quality video content on gettyimages.com. FILMPAC's catalog, produced by award-winning directors, offers authentic, cinema-quality scenes aimed at high-end commercial use. This alliance leverages FILMPAC's creative expertise and Getty Images' global distribution network to meet the growing demand for genuine, high-quality content from top-tier clients, including leading agencies and global brands. The new collections are now accessible for commercial and enterprise licensing.

Getty Images reported financial results for the first quarter of 2024, showing a 79% increase in active annual subscribers, with annual subscription revenue rising to 55.4% of total revenue. The company reaffirmed its outlook for a return to topline growth in 2024. Despite a decrease in revenue, the net income improved significantly, and adjusted EBITDA remained strong. Getty Images also expanded its generative AI offerings and entered into new partnerships. The company acquired Motorsport Images, renewed partnerships with Bloomberg and The English Football Association, and added new partners like the Saudi Pro League.