SSTK News & Events

GIPHY (SSTK) announced a multi-year extension of its long-standing integration partnership with Meta (META). Through this agreement, GIPHY's massive library will continue to power GIF and sticker experiences across Meta's entire suite of apps, including Facebook, Instagram, WhatsApp, and Messenger.

The United Kingdom CMA's independent inquiry group has concluded the merger between Getty and Shutterstock "would lead to competition concerns for editorial content supplied to UK media outlets, but not for stock content supplied globally," the competition watchdog announed. "The inquiry group concluded that a sale of Shutterstock's global editorial business, which operates under the Shutterstock Editorial, Backgrid and Splash brands and competes with Getty across live and archive news, sport and entertainment content, could resolve the competition concerns identified. Getty and Shutterstock offered to sell Shutterstock's global editorial business at the end of the CMA's phase 1 investigation, previously describing it as 'peripheral to Shutterstock's core operations'. Once a sale of the Shutterstock editorial business is concluded to a CMA-approved purchaser, the Getty and Shutterstock merger, which the businesses have claimed will produce cost synergies of $150-200 million annually, can proceed," the CMA stated.

Shutterstock will pay $35M to settle Federal Trade Commission allegations that the company "illegally made tens of millions of dollars from a range of unfair and deceptive practices, including charging consumers for products without their informed consent and making it difficult to cancel subscriptions," the FTC said in a statement. According to the agency's complaint, Shutterstock advertised its on-demand packs as "Best for a one-time project," with "no commitment,: but failed to adequately disclose that these packs automatically renewed when the last download in the pack was used.