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Shutterstock Issues Statement on CMA's Interim Report
Prnewswire· 2026-02-19 13:39
Group 1 - Shutterstock expresses satisfaction with the UK Competition and Markets Authority's (CMA) provisional decision regarding the merger with Getty Images, indicating no expected competition issues in the global stock content market [1] - The company disagrees with the CMA's finding that the merger may lead to a 'substantial lessening of competition' in the UK Editorial market, arguing that the analysis does not accurately reflect the UK market dynamics and customer alternatives [1] - Shutterstock plans to engage constructively with the CMA and will respond to the interim report according to the CMA's timeline, while also cooperating with the U.S. Department of Justice in its review [1] Group 2 - Shutterstock is positioned as a provider of scalable creative and GenAI solutions, leveraging a global network of creators and advanced technology to enhance business effectiveness [1] - The company boasts one of the largest and most diverse collections of high-quality licensable assets, data, AI solutions, and full-service studio production capabilities [1]