Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ticker symbol "GETY." Craig Peters, current CEO of Getty Images, will lead the merged entity, while Shutterstock's CEO Paul Hennessy will join the eleven-member Board of Directors.

Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content company.'

Visual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company.